HERE (Here Group) Scaled Net Operating Assets: 0.28 (As of Mar. 2026)

Here Group HERE -1.43% 35 Scaled Net Operating Assets is 0.28 as of Mar. 2026. GuruFocus rates HERE with a GF Score™ of 35/100. The stock has 6 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.

Here Group's operating assets for the quarter that ended in Mar. 2026 was $98.3 Mil. Here Group's operating liabilities for the quarter that ended in Mar. 2026 was $41.9 Mil. Here Group's Total Assets for the quarter that ended in Dec. 2025 was $204.2 Mil. Therefore, Here Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.28.

Here Group Scaled Net Operating Assets Related Terms

Here Group Scaled Net Operating Assets Historical Data

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The historical data trend for Here 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.

Here Group Scaled Net Operating Assets Chart

Here Group Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Jun25

Scaled Net Operating Assets

-0.99

-3.39

-0.95

-0.36

-0.07

Here Group Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Scaled Net Operating Assets	Get a 7-Day Free Trial															-0.19	-0.06	0.21	0.27	0.28

HERE vs CLAR, AOUT, PUSA: Scaled Net Operating Assets Comparison

For the Leisure subindustry, Here 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.

Here Group Scaled Net Operating Assets vs Travel & Leisure Industry

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

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

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Here 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.

Here Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2025 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Jun. 2025 )
=	(Operating Assets (A: Jun. 2025 )	-	Operating Liabilities (A: Jun. 2025 ))	/	Total Assets (A: Jun. 2024 )
=	(89.363	-	102.363)	/	196.565
=	-0.07

where

	Operating Assets		(A: Jun. 2025 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	231.396	-	142.033
=	89.363

	Operating Liabilities		(A: Jun. 2025 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	107.174	-	0.977	-	3.834
=	102.363

Here 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: Dec. 2025 )
=	(98.261	-	41.853)	/	204.212
=	0.28

where

	Operating Assets		(Q: Mar. 2026 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	195.358	-	97.097
=	98.261

	Operating Liabilities		(Q: Mar. 2026 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	47.124	-	2.917	-	2.354
=	41.853

Frequently Asked Questions Learn more about Scaled Net Operating Assets →

What does a Scaled Net Operating Assets of 0.28 mean?

Here Group (HERE) has a Scaled Net Operating Assets of 0.28 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 Here Group and its competitors.

Is Here Group's Scaled Net Operating Assets too high?

Here Group's current Scaled Net Operating Assets is 0.28. Overall, Here Group has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.

How does Here Group's Scaled Net Operating Assets compare to CLAR and AOUT?

Here Group's Scaled Net Operating Assets of 0.28 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 Here Group and its competitors. Here Group's current Scaled Net Operating Assets is 0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Here Group stock overvalued right now?

Here Group (HERE) has a current Scaled Net Operating Assets of 0.28. The current Scaled Net Operating Assets is 0.28. Here Group's overall GF Score™ is 35/100 with 6 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 Here Group (HERE), the current Scaled Net Operating Assets is 0.28 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.

Here Group Business Description

Industry Consumer Cyclical Travel & Leisure

Comparable Companies CLAR AOUT PUSA LEAT PLBY NOMA KBSX KMRK GDHG PRKA HKSE:09992 HKSE:02020 TSE:4661 AS TSE:7832 HAS TSE:7309 LSE:GAW LTH HKSE:02331

Address Ronsin Technology Center, 2nd Floor, Building D, Chaoyang District, Beijing, CHN, 100102

Website https://www.heretoy.com

Here Group Ltd is dedicated to creating collectible pop toys that evoke joy and emotional resonance. The group design and compelling storytelling, which provide users with a collecting experience that blends artistic value with emotional warmth, continuously convey a joyful and immersive brand culture. Adhering to the brand philosophy of joy, integrity, wonder, and co-creation, the company is building a vibrant ecosystem connecting creativity and emotion, working hand-in-hand with overall toy enthusiasts to create, share, and transmit dreams.

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$2.08

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