Web Travel Group (HAM:WBJ) Scaled Net Operating Assets: 0.23 (As of Mar. 2026)


HAM:WBJ Web Travel Group Ltd HAM:WBJ
75 GF Score
Price €1.74
GF Value €3.32
! 3 Warning Signs
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What is Web Travel Group Scaled Net Operating Assets?

Web Travel Group HAM:WBJ -2.79% 75 Scaled Net Operating Assets is 0.23 as of Mar. 2026. GuruFocus rates HAM:WBJ with a GF Score™ of 75/100 and a GF Value™ of €3.32. The stock has 3 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.

Web Travel Group's operating assets for the quarter that ended in Mar. 2026 was €651.8 Mil. Web Travel Group's operating liabilities for the quarter that ended in Mar. 2026 was €428.7 Mil. Web Travel Group's Total Assets for the quarter that ended in Sep. 2025 was €957.8 Mil. Therefore, Web Travel Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.23.

Web Travel Group Scaled Net Operating Assets Historical Data

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The historical data trend for Web Travel Group'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.

Web Travel Group Scaled Net Operating Assets Chart

Web Travel Group Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.56 0.38 0.32 0.22 0.25

Web Travel Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 0.29 0.20 0.24 0.21 0.23

HAM:WBJ vs BKNG, ABNB, RCL: Scaled Net Operating Assets Comparison

For the Travel Services subindustry, Web Travel Group'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.

Web Travel Group Scaled Net Operating Assets vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Web Travel Group's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Web Travel Group's Scaled Net Operating Assets falls into.


HAM:WBJ
75GF Score
Web Travel Group Ltd HAM:WBJ
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Web Travel Group 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.

Web Travel Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(651.815-428.676)/888.921
=0.25

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=937.053 - 285.238
=651.815

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=583.769 - 2.367 - 152.726
=428.676

Web Travel Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Sep. 2025 )
=(651.815-428.676)/957.769
=0.23

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=937.053 - 285.238
=651.815

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=583.769 - 2.367 - 152.726
=428.676

* 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 0.23 mean?
Web Travel Group (HAM:WBJ) has a Scaled Net Operating Assets of 0.23 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Web Travel Group and its competitors.
Is Web Travel Group's Scaled Net Operating Assets too high?
Web Travel Group's current Scaled Net Operating Assets is 0.23. Overall, Web Travel Group has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Web Travel Group's Scaled Net Operating Assets compare to BKNG and ABNB?
Web Travel Group's Scaled Net Operating Assets of 0.23 can be compared against companies in the Travel & Leisure 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 a Travel & Leisure company?
A good Scaled Net Operating Assets depends on the Travel & Leisure 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 Web Travel Group and its competitors. Web Travel Group's current Scaled Net Operating Assets is 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Web Travel Group stock overvalued right now?
Web Travel Group (HAM:WBJ) has a current Scaled Net Operating Assets of 0.23. The stock's GF Value™ is €3.32, compared to a current price of €1.74 — trading 47.6% below its estimated fair value. The current Scaled Net Operating Assets is 0.23. Web Travel Group's overall GF Score™ is 75/100 with 3 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 Web Travel Group (HAM:WBJ), the current Scaled Net Operating Assets is 0.23 as of Mar. 2026. 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.

Is Web Travel Group (HAM:WBJ) Overvalued in 2026?

Based on GuruFocus' analysis, Web Travel Group stock appears to be undervalued. The current stock price of €1.74 is trading 47.6% below its estimated GF Value™ of €3.32.

Key valuation signals for HAM:WBJ:

  • Scaled Net Operating Assets: 0.23
  • GF Value™: €3.32 vs. price of €1.74 (47.6% below fair value)
  • GF Score™: 75/100 with 3 warning signs

No single metric tells the full story. See the HAM:WBJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Web Travel Group Business Description

Address 440 Collins Road, Level 12, Melbourne, VIC, AUS, 3000
Web Travel Group acts as an intermediary for hotel accommodation inventory across Europe, Asia-Pacific, the Middle East, and Africa, as well as the Americas. The group operates in the business-to-business, or B2B, space. The B2B business, WebBeds, sits between hotels and wholesale/retail travel service providers. WebBeds is presently the world's second-largest B2B accommodation booking provider despite only a 4% market share of the fragmented AUD 70 billion global B2B accommodation market.
75GF 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.

€1.74
Price
€3.32
GF Value