Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Heidelberg Materials AG's operating assets for the quarter that ended in Dec. 2025 was $39,347 Mil. Heidelberg Materials AG's operating liabilities for the quarter that ended in Dec. 2025 was $10,218 Mil. Heidelberg Materials AG's Total Assets for the quarter that ended in Jun. 2025 was $39,982 Mil. Therefore, Heidelberg Materials AG's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.73.
Heidelberg Materials AG Scaled Net Operating Assets Related Terms
Heidelberg Materials AG Scaled Net Operating Assets Historical Data
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The historical data trend for Heidelberg Materials AG'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.
Heidelberg Materials AG Scaled Net Operating Assets Chart
HDLMY vs CRH, VMC, MLM: Scaled Net Operating Assets Comparison
For the Building Materials subindustry, Heidelberg Materials AG'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.
Heidelberg Materials AG Scaled Net Operating Assets vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Heidelberg Materials AG's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Heidelberg Materials AG's Scaled Net Operating Assets falls into.
* 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 0.73 mean?
Heidelberg Materials AG (HDLMY) has a Scaled Net Operating Assets of 0.73 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 Heidelberg Materials AG and its competitors.
Is Heidelberg Materials AG's Scaled Net Operating Assets too high?
Heidelberg Materials AG's current Scaled Net Operating Assets is 0.73. Overall, Heidelberg Materials AG has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Heidelberg Materials AG's Scaled Net Operating Assets compare to CRH and VMC?
Heidelberg Materials AG's Scaled Net Operating Assets of 0.73 can be compared against companies in the Building Materials 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 Building Materials company?
A good Scaled Net Operating Assets depends on the Building Materials 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 Heidelberg Materials AG and its competitors. Heidelberg Materials AG's current Scaled Net Operating Assets is 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heidelberg Materials AG stock overvalued right now?
Based on GuruFocus' analysis, Heidelberg Materials AG (HDLMY) is currently considered Significantly Overvalued. The stock's GF Value™ is $24.17, compared to a current price of $41.87 — trading 73.2% above its estimated fair value. The current Scaled Net Operating Assets is 0.73. Heidelberg Materials AG's overall GF Score™ is 78/100 with 4 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 Heidelberg Materials AG (HDLMY), the current Scaled Net Operating Assets is 0.73 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.
Is Heidelberg Materials AG (HDLMY) Overvalued in 2026?
Based on GuruFocus' analysis, Heidelberg Materials AG stock appears to be overvalued.
The current stock price of $41.87 is trading 73.2% above its estimated GF Value™ of $24.17.
GuruFocus considers Heidelberg Materials AG to be Significantly Overvalued.
Key valuation signals for HDLMY:
Scaled Net Operating Assets: 0.73
GF Value™: $24.17 vs. price of $41.87 (73.2% above fair value)
No single metric tells the full story. See the HDLMY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heidelberg Materials is one of the world's largest building materials companies, with operations in 60 countries. Its core activities include the production of cement and aggregates, which are used to construct houses, infrastructure, and commercial facilities. The sale of cement and aggregates accounts for the majority of group revenue and profits. Europe is the company's largest market contributing nearly half of group sales. Heidelberg Materials is listed in Germany and has 55,000 employees.
78GF 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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