Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS (IST:BRSAN) Scaled Net Operating Assets: 0.62 (As of Mar. 2026)

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IST:BRSAN Borusan Birlesik Boru Fabrikalari Sanayi Ve Ticaret AS IST:BRSAN
67 GF Score
Price ₺564.00
GF Value ₺696.34
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS Scaled Net Operating Assets?

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS IST:BRSAN +2.55% 67 Scaled Net Operating Assets is 0.62 as of Mar. 2026. GuruFocus rates IST:BRSAN with a GF Score™ of 67/100 and a GF Value™ of ₺696.34 (Modestly Undervalued). The stock has 4 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.

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's operating assets for the quarter that ended in Mar. 2026 was ₺78,497 Mil. Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's operating liabilities for the quarter that ended in Mar. 2026 was ₺31,611 Mil. Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Total Assets for the quarter that ended in Dec. 2025 was ₺76,187 Mil. Therefore, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.62.


Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS Scaled Net Operating Assets Historical Data

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The historical data trend for Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret 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.

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS Scaled Net Operating Assets Chart

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret 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 1.18 1.19 1.14 0.72 0.82

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret 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 0.75 0.66 0.63 0.62 0.62

IST:BRSAN vs NUE, STLD, RS: Scaled Net Operating Assets Comparison

For the Steel subindustry, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret 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.


Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS Scaled Net Operating Assets vs Steel Industry

For the Steel industry and Basic Materials sector, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Scaled Net Operating Assets falls into.


IST:BRSAN
67GF Score
Borusan Birlesik Boru Fabrikalari Sanayi Ve Ticaret AS IST:BRSAN
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret 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.

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret 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 )
=(70726.842-25198.895)/55439.055
=0.82

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=76186.969 - 5460.127
=70726.842

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=38452.093 - 3075.592 - 10177.606
=25198.895

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret 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 )
=(78496.69-31610.709)/76186.969
=0.62

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=87049.462 - 8552.772
=78496.69

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=47667.777 - 3192.775 - 12864.293
=31610.709

* 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 0.62 mean?
Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS (IST:BRSAN) has a Scaled Net Operating Assets of 0.62 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 Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS and its competitors.
Is Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Scaled Net Operating Assets too high?
Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's current Scaled Net Operating Assets is 0.62. Overall, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Scaled Net Operating Assets compare to NUE and STLD?
Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Scaled Net Operating Assets of 0.62 can be compared against companies in the Steel 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 Steel company?
A good Scaled Net Operating Assets depends on the Steel 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 Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS and its competitors. Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's current Scaled Net Operating Assets is 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS (IST:BRSAN) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺696.34, compared to a current price of ₺564.00 — trading 19% below its estimated fair value. The current Scaled Net Operating Assets is 0.62. Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's overall GF Score™ is 67/100 with 4 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 Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS (IST:BRSAN), the current Scaled Net Operating Assets is 0.62 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 Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS (IST:BRSAN) Overvalued in 2026?

Based on GuruFocus' analysis, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS stock appears to be undervalued. The current stock price of ₺564.00 is trading 19% below its estimated GF Value™ of ₺696.34. GuruFocus considers Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS to be Modestly Undervalued.

Key valuation signals for IST:BRSAN:

  • Scaled Net Operating Assets: 0.62
  • GF Value™: ₺696.34 vs. price of ₺564.00 (19% below fair value)
  • GF Score™: 67/100 with 4 warning signs

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


Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS Business Description

Address Meclisi Mebusan Caddesi No. 35 – 37, Salipazari, Istanbul, TUR, 34427
Borusan Birlesik Boru Fabrikalari Sanayi Ve Ticaret AS Formerly Borusan Mannesmann Boru Sanayi ve Ticaret AS is a steel tube and pipes manufacturer. The company's product portfolio includes gas pipes, water pipes, general purpose pipes, OCTG pipes, line pipe, precision tubes, heavy wall welded tubes, first fire protection systems, and easy flow fire protection sprinkler pipes. It provides products for various projects such as The NK1 Oil Pipeline, The Sahdeniz, The Blue Stream, Hungary Gas Pipeline, and TANAP projects. It exports products to various countries in Americas, Europe, Africa and Asia.
67GF Score

Get the complete analysis for IST:BRSAN

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

₺564.00
Price
₺696.34
GF Value