Enka Insaat Venayi AS (IST:ENKAI) Scaled Net Operating Assets: 0.42 (As of Mar. 2026)


IST:ENKAI Enka Insaat Ve Sanayi AS IST:ENKAI
85 GF Score
Price ₺90.85
GF Value ₺101.06
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Enka Insaat Venayi AS Scaled Net Operating Assets?

Enka Insaat Venayi AS IST:ENKAI +1.28% 85 Scaled Net Operating Assets is 0.42 as of Mar. 2026. GuruFocus rates IST:ENKAI with a GF Score™ of 85/100 and a GF Value™ of ₺101.06 (Modestly Undervalued). The stock has 3 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.

Enka Insaat Venayi AS's operating assets for the quarter that ended in Mar. 2026 was ₺314,448 Mil. Enka Insaat Venayi AS's operating liabilities for the quarter that ended in Mar. 2026 was ₺107,961 Mil. Enka Insaat Venayi AS's Total Assets for the quarter that ended in Dec. 2025 was ₺489,297 Mil. Therefore, Enka Insaat Venayi AS's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.42.


Enka Insaat Venayi AS Scaled Net Operating Assets Historical Data

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The historical data trend for Enka Insaat Venayi 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.

Enka Insaat Venayi AS Scaled Net Operating Assets Chart

Enka Insaat Venayi 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 0.55 0.64 0.82 0.62 0.46

Enka Insaat Venayi 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 0.53 0.52 0.49 0.36 0.42

IST:ENKAI vs PWR, FIX, EME: Scaled Net Operating Assets Comparison

For the Engineering & Construction subindustry, Enka Insaat Venayi 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.


Enka Insaat Venayi AS Scaled Net Operating Assets vs Construction Industry

For the Construction industry and Industrials sector, Enka Insaat Venayi AS's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Enka Insaat Venayi AS's Scaled Net Operating Assets falls into.


IST:ENKAI
85GF Score
Enka Insaat Ve Sanayi AS IST:ENKAI
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Enka Insaat Venayi 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.

Enka Insaat Venayi 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 )
=(270799.716-105800.286)/359535.874
=0.46

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=489296.8 - 218497.084
=270799.716

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=112654.493 - 6516.751 - 337.456
=105800.286

Enka Insaat Venayi 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 )
=(314448.353-107960.792)/489296.8
=0.42

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=504148.153 - 189699.8
=314448.353

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=114885.409 - 6607.536 - 317.081
=107960.792

* 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?
Enka Insaat Venayi AS (IST:ENKAI) has a Scaled Net Operating Assets of 0.42 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 Enka Insaat Venayi AS and its competitors.
Is Enka Insaat Venayi AS's Scaled Net Operating Assets too high?
Enka Insaat Venayi AS's current Scaled Net Operating Assets is 0.42. Overall, Enka Insaat Venayi AS has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Enka Insaat Venayi AS's Scaled Net Operating Assets compare to PWR and FIX?
Enka Insaat Venayi AS's Scaled Net Operating Assets of 0.42 can be compared against companies in the Construction 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 Construction company?
A good Scaled Net Operating Assets depends on the Construction 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 Enka Insaat Venayi AS and its competitors. Enka Insaat Venayi AS'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 Enka Insaat Venayi AS stock overvalued right now?
Based on GuruFocus' analysis, Enka Insaat Venayi AS (IST:ENKAI) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺101.06, compared to a current price of ₺90.85 — trading 10.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.42. Enka Insaat Venayi AS's overall GF Score™ is 85/100 with 3 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 Enka Insaat Venayi AS (IST:ENKAI), the current Scaled Net Operating Assets is 0.42 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 Enka Insaat Venayi AS (IST:ENKAI) Overvalued in 2026?

Based on GuruFocus' analysis, Enka Insaat Venayi AS stock appears to be undervalued. The current stock price of ₺90.85 is trading 10.1% below its estimated GF Value™ of ₺101.06. GuruFocus considers Enka Insaat Venayi AS to be Modestly Undervalued.

Key valuation signals for IST:ENKAI:

  • Scaled Net Operating Assets: 0.42
  • GF Value™: ₺101.06 vs. price of ₺90.85 (10.1% below fair value)
  • GF Score™: 85/100 with 3 warning signs

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


Enka Insaat Venayi AS Business Description

Address Balmumcu Mah Zincirlikuyu Yolu No 10, Enka Binasi Besiktas, Istanbul, TUR, 34349
Enka Insaat Ve Sanayi AS provides a full range of design, engineering, construction, and project management services in various sectors. It creates power plants, production facilities, transportation systems, and other construction projects. If needed, the company will engineer and fabricate structures for installation and modularization. Enka Insaat Ve Sanayi has four operating segments: construction contracts; rental, trade and manufacturing; and energy (the majority of total revenue). Additional revenue is generated from aftermarket support and services, and the company utilizes a mix of traditional engineering disciplines to produce results. The company derives the majority of its revenue from Turkey, but the company does operate in various European nations.
85GF 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.

₺90.85
Price
₺101.06
GF Value