Private Assets SE KGaA (HAM:LSNA) Scaled Net Operating Assets: 0.40 (As of Dec. 2025)


HAM:LSNA Private Assets SE & Co KGaA HAM:LSNA
20 GF Score
Price €3.20
! 8 Warning Signs
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What is Private Assets SE KGaA Scaled Net Operating Assets?

Private Assets SE KGaA HAM:LSNA 20 Scaled Net Operating Assets is 0.40 as of Dec. 2025. GuruFocus rates HAM:LSNA with a GF Score™ of 20/100. The stock has 8 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Private Assets SE KGaA's operating assets for the quarter that ended in Dec. 2025 was €102.1 Mil. Private Assets SE KGaA's operating liabilities for the quarter that ended in Dec. 2025 was €62.0 Mil. Private Assets SE KGaA's Total Assets for the quarter that ended in Jun. 2025 was €101.2 Mil. Therefore, Private Assets SE KGaA's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.40.

Private Assets SE KGaA Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Private Assets SE KGaA's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Private Assets SE KGaA Scaled Net Operating Assets Chart

Private Assets SE KGaA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.10 0.53 0.43 0.27 0.37

Private Assets SE KGaA Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.38 0.38 0.27 0.31 0.40

HAM:LSNA vs BLK, BX, KKR: Scaled Net Operating Assets Comparison

For the Asset Management subindustry, Private Assets SE KGaA's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Private Assets SE KGaA Scaled Net Operating Assets vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Private Assets SE KGaA's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Private Assets SE KGaA's Scaled Net Operating Assets falls into.


HAM:LSNA
20GF Score
Private Assets SE & Co KGaA HAM:LSNA
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Private Assets SE KGaA Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Private Assets SE KGaA's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(102.125-62.04)/109.403
=0.37

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=120.029 - 17.904
=102.125

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=98.947 - 20.567 - 16.34
=62.04

Private Assets SE KGaA's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(102.125-62.04)/101.212
=0.40

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=120.029 - 17.904
=102.125

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=98.947 - 20.567 - 16.34
=62.04

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.40 mean?
Private Assets SE KGaA (HAM:LSNA) has a Scaled Net Operating Assets of 0.40 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Private Assets SE KGaA and its competitors.
Is Private Assets SE KGaA's Scaled Net Operating Assets too high?
Private Assets SE KGaA's current Scaled Net Operating Assets is 0.40. Overall, Private Assets SE KGaA has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Private Assets SE KGaA's Scaled Net Operating Assets compare to BLK and BX?
Private Assets SE KGaA's Scaled Net Operating Assets of 0.40 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Private Assets SE KGaA and its competitors. Private Assets SE KGaA's current Scaled Net Operating Assets is 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Private Assets SE KGaA stock overvalued right now?
Private Assets SE KGaA (HAM:LSNA) has a current Scaled Net Operating Assets of 0.40. The current Scaled Net Operating Assets is 0.40. Private Assets SE KGaA's overall GF Score™ is 20/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Private Assets SE KGaA (HAM:LSNA), the current Scaled Net Operating Assets is 0.40 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Private Assets SE KGaA Business Description

Address Brook 1, Hamburg, DEU, 20457
Private Assets SE & Co KGaA is a Hamburg-based investment company that specializes in corporate investments in special situations. It invests in companies with open succession issues, corporate spin-offs, and medium-sized companies that are currently underperforming.
20GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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