HESAF (Hermes International) Scaled Net Operating Assets: 0.42 (As of Dec. 2025)


HESAF Hermes International SA HESAF
91 GF Score
Price $1,845.19
GF Value $2,947.50
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Hermes International Scaled Net Operating Assets?

Hermes International HESAF 91 Scaled Net Operating Assets is 0.42 as of Dec. 2025. GuruFocus rates HESAF with a GF Score™ of 91/100 and a GF Value™ of $2,947.50 (Significantly Undervalued). The stock has 1 warning sign investors should review.

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

Hermes International's operating assets for the quarter that ended in Dec. 2025 was $14,149 Mil. Hermes International's operating liabilities for the quarter that ended in Dec. 2025 was $3,663 Mil. Hermes International's Total Assets for the quarter that ended in Jun. 2025 was $25,176 Mil. Therefore, Hermes International's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.42.


Hermes International Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Hermes International'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.

Hermes International Scaled Net Operating Assets Chart

Hermes International 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 0.38 0.35 0.39 0.37 0.43

Hermes International Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 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 0.37 0.38 0.37 0.40 0.42

HESAF vs TPR, SIG: Scaled Net Operating Assets Comparison

For the Luxury Goods subindustry, Hermes International'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.


Hermes International Scaled Net Operating Assets vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Hermes International's Scaled Net Operating Assets distribution charts can be found below:

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


HESAF
91GF Score
Hermes International SA HESAF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Hermes International 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.

Hermes International'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 )
=(14148.712-3662.763)/24171.728
=0.43

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=28480.094 - 14331.382
=14148.712

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6409.836 - 2366.511 - 380.562
=3662.763

Hermes International'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 )
=(14148.712-3662.763)/25176.471
=0.42

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=28480.094 - 14331.382
=14148.712

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6409.836 - 2366.511 - 380.562
=3662.763

* 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 0.42 mean?
Hermes International (HESAF) has a Scaled Net Operating Assets of 0.42 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 Hermes International and its competitors.
Is Hermes International's Scaled Net Operating Assets too high?
Hermes International's current Scaled Net Operating Assets is 0.42. Overall, Hermes International has a GF Score™ of 91/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hermes International's Scaled Net Operating Assets compare to TPR and SIG?
Hermes International's Scaled Net Operating Assets of 0.42 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Scaled Net Operating Assets depends on the Retail - Cyclical 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 Hermes International and its competitors. Hermes International's current Scaled Net Operating Assets is 0.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hermes International stock overvalued right now?
Based on GuruFocus' analysis, Hermes International (HESAF) is currently considered Significantly Undervalued. The stock's GF Value™ is $2,947.50, compared to a current price of $1,845.19 — trading 37.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.42. Hermes International's overall GF Score™ is 91/100 with 1 warning sign 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 Hermes International (HESAF), the current Scaled Net Operating Assets is 0.42 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 Hermes International (HESAF) Overvalued in 2026?

Based on GuruFocus' analysis, Hermes International stock appears to be undervalued. The current stock price of $1,845.19 is trading 37.4% below its estimated GF Value™ of $2,947.50. GuruFocus considers Hermes International to be Significantly Undervalued.

Key valuation signals for HESAF:

  • Scaled Net Operating Assets: 0.42
  • GF Value™: $2,947.50 vs. price of $1,845.19 (37.4% below fair value)
  • GF Score™: 91/100 with 1 warning sign

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


Hermes International Business Description

Address 24 rue du Faubourg Saint Honore, Paris, FRA, 75008
Hermès is over 180-year-old family controlled luxury goods company best known for its Birkin and Kelly bags. Its biggest segments are leather goods and saddlery, accounting for over 40% of revenue; clothes and accessories (28% of sales); silk and textiles (6%); and other products such as perfumes, watches, jewellery, and home furnishings. Hermès has about 300 stores globally.
91GF Score

Get the complete analysis for HESAF

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

$1,845.19
Price
$2,947.50
GF Value