Alarko Holding AS (IST:ALARK) Scaled Net Operating Assets: 0.80 (As of Mar. 2026)


IST:ALARK Alarko Holding AS IST:ALARK
43 GF Score
Price ₺107.70
GF Value ₺87.49
Valuation Modestly Overvalued
! 11 Warning Signs
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What is Alarko Holding AS Scaled Net Operating Assets?

Alarko Holding AS IST:ALARK +0.19% 43 Scaled Net Operating Assets is 0.80 as of Mar. 2026. GuruFocus rates IST:ALARK with a GF Score™ of 43/100 and a GF Value™ of ₺87.49 (Modestly Overvalued). The stock has 11 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.

Alarko Holding AS's operating assets for the quarter that ended in Mar. 2026 was ₺121,620 Mil. Alarko Holding AS's operating liabilities for the quarter that ended in Mar. 2026 was ₺20,604 Mil. Alarko Holding AS's Total Assets for the quarter that ended in Dec. 2025 was ₺125,614 Mil. Therefore, Alarko Holding AS's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.80.


Alarko Holding AS Scaled Net Operating Assets Historical Data

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The historical data trend for Alarko Holding AS'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.

Alarko Holding AS Scaled Net Operating Assets Chart

Alarko Holding AS 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 0.84 4.33 1.46 0.78 0.77

Alarko Holding AS 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 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 0.59 0.78 0.83 0.78 0.80

IST:ALARK vs HON, MMM: Scaled Net Operating Assets Comparison

For the Conglomerates subindustry, Alarko Holding AS'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.


Alarko Holding AS Scaled Net Operating Assets vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Alarko Holding AS's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Alarko Holding AS's Scaled Net Operating Assets falls into.


IST:ALARK
43GF Score
Alarko Holding AS IST:ALARK
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Alarko Holding AS 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.

Alarko Holding AS'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 )
=(112268.048-17374.577)/122956.401
=0.77

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=125613.521 - 13345.473
=112268.048

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=45208.685 - 12870.411 - 14963.697
=17374.577

Alarko Holding AS'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 )
=(121619.545-20603.841)/125613.521
=0.80

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=137866.642 - 16247.097
=121619.545

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=49234.144 - 12224.152 - 16406.151
=20603.841

* 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 0.80 mean?
Alarko Holding AS (IST:ALARK) has a Scaled Net Operating Assets of 0.80 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 Alarko Holding AS and its competitors.
Is Alarko Holding AS's Scaled Net Operating Assets too high?
Alarko Holding AS's current Scaled Net Operating Assets is 0.80. Overall, Alarko Holding AS has a GF Score™ of 43/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Alarko Holding AS's Scaled Net Operating Assets compare to HON and MMM?
Alarko Holding AS's Scaled Net Operating Assets of 0.80 can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Scaled Net Operating Assets depends on the Conglomerates 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 Alarko Holding AS and its competitors. Alarko Holding AS's current Scaled Net Operating Assets is 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alarko Holding AS stock overvalued right now?
Based on GuruFocus' analysis, Alarko Holding AS (IST:ALARK) is currently considered Modestly Overvalued. The stock's GF Value™ is ₺87.49, compared to a current price of ₺107.70 — trading 23.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.80. Alarko Holding AS's overall GF Score™ is 43/100 with 11 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 Alarko Holding AS (IST:ALARK), the current Scaled Net Operating Assets is 0.80 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 Alarko Holding AS (IST:ALARK) Overvalued in 2026?

Based on GuruFocus' analysis, Alarko Holding AS stock appears to be overvalued. The current stock price of ₺107.70 is trading 23.1% above its estimated GF Value™ of ₺87.49. GuruFocus considers Alarko Holding AS to be Modestly Overvalued.

Key valuation signals for IST:ALARK:

  • Scaled Net Operating Assets: 0.80
  • GF Value™: ₺87.49 vs. price of ₺107.70 (23.1% above fair value)
  • GF Score™: 43/100 with 11 warning signs

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


Alarko Holding AS Business Description

Address Muallim Naci Caddesi No. 69, Ortakoy, Istanbul, TUR, 34347
Alarko Holding AS is a holding company consisting of companies that operate in contracting, construction, land development, industry, trade, tourism, and energy. The company's segments include holding, tourism, industry and merchandising, energy, contracting/land development. Its contracting group operates as a general contractor in Turkey and abroad and carries out airport and rail system projects, large scale infrastructure works, constructions of industrial plants, hospitals, and other such projects. The majority of the revenue is derived from the contracting and land development segment.
43GF 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.

₺107.70
Price
₺87.49
GF Value