HRBR (Harbor Diversified) Scaled Net Operating Assets: 0.29 (As of Sep. 2025)


HRBR Harbor Diversified Inc HRBR
59 GF Score
Price $1.97
GF Value $1.99
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Harbor Diversified Scaled Net Operating Assets?

Harbor Diversified HRBR +0.51% 59 Scaled Net Operating Assets is 0.29 as of Sep. 2025. GuruFocus rates HRBR with a GF Score™ of 59/100 and a GF Value™ of $1.99 (Fairly Valued). The stock has 5 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.

Harbor Diversified's operating assets for the quarter that ended in Sep. 2025 was $73.23 Mil. Harbor Diversified's operating liabilities for the quarter that ended in Sep. 2025 was $19.51 Mil. Harbor Diversified's Total Assets for the quarter that ended in Jun. 2025 was $186.72 Mil. Therefore, Harbor Diversified's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2025 was 0.29.


Harbor Diversified Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Harbor Diversified'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.

Harbor Diversified Scaled Net Operating Assets Chart

Harbor Diversified Annual Data
Trend Dec09 Dec10 Dec11 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.42 0.34 0.22 0.22 0.23

Harbor Diversified Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Jun25 Sep25
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 0.30 0.30 0.27 0.28 0.29

HRBR vs NOKPF, MESA, FLYYQ: Scaled Net Operating Assets Comparison

For the Airlines subindustry, Harbor Diversified'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.


Harbor Diversified Scaled Net Operating Assets vs Transportation Industry

For the Transportation industry and Industrials sector, Harbor Diversified's Scaled Net Operating Assets distribution charts can be found below:

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


HRBR
59GF Score
Harbor Diversified Inc HRBR
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Harbor Diversified 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.

Harbor Diversified's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2024 )
=(Operating Assets (A: Dec. 2024 )-Operating Liabilities (A: Dec. 2024 ))/Total Assets (A: Dec. 2023 )
=(92.48-37.193)/236.304
=0.23

where

Operating Assets(A: Dec. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=204.45 - 111.97
=92.48

Operating Liabilities(A: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=45.639 - 5.512 - 2.934
=37.193

Harbor Diversified's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2025 )
=(Operating Assets (Q: Sep. 2025 )-Operating Liabilities (Q: Sep. 2025 ))/Total Assets (Q: Jun. 2025 )
=(73.231-19.508)/186.716
=0.29

where

Operating Assets(Q: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=179.512 - 106.281
=73.231

Operating Liabilities(Q: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=25.246 - 5.067 - 0.671
=19.508

* 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 0.29 mean?
Harbor Diversified (HRBR) has a Scaled Net Operating Assets of 0.29 as of Sep. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Harbor Diversified and its competitors.
Is Harbor Diversified's Scaled Net Operating Assets too high?
Harbor Diversified's current Scaled Net Operating Assets is 0.29. Overall, Harbor Diversified has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Harbor Diversified's Scaled Net Operating Assets compare to NOKPF and MESA?
Harbor Diversified's Scaled Net Operating Assets of 0.29 can be compared against companies in the Transportation 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 Transportation company?
A good Scaled Net Operating Assets depends on the Transportation 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 Harbor Diversified and its competitors. Harbor Diversified's current Scaled Net Operating Assets is 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harbor Diversified stock overvalued right now?
Based on GuruFocus' analysis, Harbor Diversified (HRBR) is currently considered Fairly Valued. The stock's GF Value™ is $1.99, compared to a current price of $1.97 — trading 1% below its estimated fair value. The current Scaled Net Operating Assets is 0.29. Harbor Diversified's overall GF Score™ is 59/100 with 5 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 Harbor Diversified (HRBR), the current Scaled Net Operating Assets is 0.29 as of Sep. 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 Harbor Diversified (HRBR) Overvalued in 2026?

Based on GuruFocus' analysis, Harbor Diversified stock appears to be undervalued. The current stock price of $1.97 is trading 1% below its estimated GF Value™ of $1.99. GuruFocus considers Harbor Diversified to be Fairly Valued.

Key valuation signals for HRBR:

  • Scaled Net Operating Assets: 0.29
  • GF Value™: $1.99 vs. price of $1.97 (1% below fair value)
  • GF Score™: 59/100 with 5 warning signs

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


Harbor Diversified Business Description

Address 5601 West Grande Market Drive, Suite C, Appleton, WI, USA, 54913
Harbor Diversified Inc are not engaged in any operating business, and do not have any sources of revenue from operations.
59GF Score

Get the complete analysis for HRBR

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

$1.97
Price
$1.99
GF Value