HSHP (Himalaya Shipping) Scaled Net Operating Assets: 0.94 (As of Mar. 2026)


HSHP Himalaya Shipping Ltd HSHP
58 GF Score
Price $13.30
GF Value $13.65
Valuation Fairly Valued
! 6 Warning Signs
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What is Himalaya Shipping Scaled Net Operating Assets?

Himalaya Shipping HSHP -2.99% 58 Scaled Net Operating Assets is 0.94 as of Mar. 2026. GuruFocus rates HSHP with a GF Score™ of 58/100 and a GF Value™ of $13.65 (Fairly Valued). 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.

Himalaya Shipping's operating assets for the quarter that ended in Mar. 2026 was $825.1 Mil. Himalaya Shipping's operating liabilities for the quarter that ended in Mar. 2026 was $10.6 Mil. Himalaya Shipping's Total Assets for the quarter that ended in Dec. 2025 was $863.9 Mil. Therefore, Himalaya Shipping's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.94.

Himalaya Shipping Scaled Net Operating Assets Historical Data

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The historical data trend for Himalaya Shipping'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.

Himalaya Shipping Scaled Net Operating Assets Chart

Himalaya Shipping Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
0.85 1.65 3.20 1.42 0.93

Himalaya Shipping Quarterly Data
Jun21 Dec21 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 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 0.96 0.95 0.95 0.95 0.94

Himalaya Shipping Scaled Net Operating Assets Competitor Comparison

For the Marine Shipping subindustry, Himalaya Shipping'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.

Himalaya Shipping Scaled Net Operating Assets vs Transportation Industry

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

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


HSHP
58GF Score
Himalaya Shipping Ltd HSHP
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Himalaya Shipping 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.

Himalaya Shipping'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 )
=(831.5-13)/880.1
=0.93

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=863.9 - 32.4
=831.5

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=702.2 - 665.6 - 23.6
=13

Himalaya Shipping'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 )
=(825.1-10.6)/863.9
=0.94

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=849.6 - 24.5
=825.1

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=693.8 - 659.5 - 23.7
=10.6

* 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 0.94 mean?
Himalaya Shipping (HSHP) has a Scaled Net Operating Assets of 0.94 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 Himalaya Shipping and its competitors.
Is Himalaya Shipping's Scaled Net Operating Assets too high?
Himalaya Shipping's current Scaled Net Operating Assets is 0.94. Overall, Himalaya Shipping has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Himalaya Shipping's Scaled Net Operating Assets compare to competitors?
Himalaya Shipping's Scaled Net Operating Assets of 0.94 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 Himalaya Shipping and its competitors. Himalaya Shipping's current Scaled Net Operating Assets is 0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Himalaya Shipping stock overvalued right now?
Based on GuruFocus' analysis, Himalaya Shipping (HSHP) is currently considered Fairly Valued. The stock's GF Value™ is $13.65, compared to a current price of $13.30 — trading 2.6% below its estimated fair value. The current Scaled Net Operating Assets is 0.94. Himalaya Shipping's overall GF Score™ is 58/100 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 Himalaya Shipping (HSHP), the current Scaled Net Operating Assets is 0.94 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 Himalaya Shipping (HSHP) Overvalued in 2026?

Based on GuruFocus' analysis, Himalaya Shipping stock appears to be undervalued. The current stock price of $13.30 is trading 2.6% below its estimated GF Value™ of $13.65. GuruFocus considers Himalaya Shipping to be Fairly Valued.

Key valuation signals for HSHP:

  • Scaled Net Operating Assets: 0.94
  • GF Value™: $13.65 vs. price of $13.30 (2.6% below fair value)
  • GF Score™: 58/100 with 6 warning signs

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

Himalaya Shipping Business Description

Address 9 Par-la-Ville Road, 2nd Floor, S E Pearman Building, Hamilton, BMU, HM 11
Himalaya Shipping Ltd is engaged in the operation of dry bulk vessels and focuses on operating a fleet of Newcastlemax dry bulk carriers.
58GF Score

Get the complete analysis for HSHP

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

$13.30
Price
$13.65
GF Value