Marshall Boya VE Verniknayii AS (IST:MRSHL) Scaled Net Operating Assets: 0.47 (As of Mar. 2026)

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IST:MRSHL Marshall Boya VE Vernik Sanayii AS IST:MRSHL
56 GF Score
Price ₺1,802.00
GF Value ₺1,382.91
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Marshall Boya VE Verniknayii AS Scaled Net Operating Assets?

Marshall Boya VE Verniknayii AS IST:MRSHL -1.10% 56 Scaled Net Operating Assets is 0.47 as of Mar. 2026. GuruFocus rates IST:MRSHL with a GF Score™ of 56/100 and a GF Value™ of ₺1,382.91 (Modestly Overvalued). 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.

Marshall Boya VE Verniknayii AS's operating assets for the quarter that ended in Mar. 2026 was ₺4,016 Mil. Marshall Boya VE Verniknayii AS's operating liabilities for the quarter that ended in Mar. 2026 was ₺2,543 Mil. Marshall Boya VE Verniknayii AS's Total Assets for the quarter that ended in Dec. 2025 was ₺3,165 Mil. Therefore, Marshall Boya VE Verniknayii AS's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.47.


Marshall Boya VE Verniknayii AS Scaled Net Operating Assets Historical Data

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The historical data trend for Marshall Boya VE Verniknayii 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.

Marshall Boya VE Verniknayii AS Scaled Net Operating Assets Chart

Marshall Boya VE Verniknayii 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 0.43 0.01 0.28 0.42 0.36

Marshall Boya VE Verniknayii 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 0.31 0.40 0.28 0.33 0.47

IST:MRSHL vs LIN, SHW, ECL: Scaled Net Operating Assets Comparison

For the Specialty Chemicals subindustry, Marshall Boya VE Verniknayii 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.


Marshall Boya VE Verniknayii AS Scaled Net Operating Assets vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Marshall Boya VE Verniknayii AS's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Marshall Boya VE Verniknayii AS's Scaled Net Operating Assets falls into.


IST:MRSHL
56GF Score
Marshall Boya VE Vernik Sanayii AS IST:MRSHL
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Marshall Boya VE Verniknayii 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.

Marshall Boya VE Verniknayii 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 )
=(2826.755-1627.518)/3345.544
=0.36

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3165.494 - 338.739
=2826.755

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2286.252 - 116.476 - 542.258
=1627.518

Marshall Boya VE Verniknayii 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 )
=(4016.337-2543.444)/3165.494
=0.47

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4343.758 - 327.421
=4016.337

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3205.589 - 88.072 - 574.073
=2543.444

* 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 0.47 mean?
Marshall Boya VE Verniknayii AS (IST:MRSHL) has a Scaled Net Operating Assets of 0.47 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 Marshall Boya VE Verniknayii AS and its competitors.
Is Marshall Boya VE Verniknayii AS's Scaled Net Operating Assets too high?
Marshall Boya VE Verniknayii AS's current Scaled Net Operating Assets is 0.47. Overall, Marshall Boya VE Verniknayii AS has a GF Score™ of 56/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Marshall Boya VE Verniknayii AS's Scaled Net Operating Assets compare to LIN and SHW?
Marshall Boya VE Verniknayii AS's Scaled Net Operating Assets of 0.47 can be compared against companies in the Chemicals 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 Chemicals company?
A good Scaled Net Operating Assets depends on the Chemicals 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 Marshall Boya VE Verniknayii AS and its competitors. Marshall Boya VE Verniknayii AS's current Scaled Net Operating Assets is 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marshall Boya VE Verniknayii AS stock overvalued right now?
Based on GuruFocus' analysis, Marshall Boya VE Verniknayii AS (IST:MRSHL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₺1,382.91, compared to a current price of ₺1,802.00 — trading 30.3% above its estimated fair value. The current Scaled Net Operating Assets is 0.47. Marshall Boya VE Verniknayii AS's overall GF Score™ is 56/100 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 Marshall Boya VE Verniknayii AS (IST:MRSHL), the current Scaled Net Operating Assets is 0.47 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 Marshall Boya VE Verniknayii AS (IST:MRSHL) Overvalued in 2026?

Based on GuruFocus' analysis, Marshall Boya VE Verniknayii AS stock appears to be overvalued. The current stock price of ₺1,802.00 is trading 30.3% above its estimated GF Value™ of ₺1,382.91. GuruFocus considers Marshall Boya VE Verniknayii AS to be Modestly Overvalued.

Key valuation signals for IST:MRSHL:

  • Scaled Net Operating Assets: 0.47
  • GF Value™: ₺1,382.91 vs. price of ₺1,802.00 (30.3% above fair value)
  • GF Score™: 56/100 with 3 warning signs

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


Marshall Boya VE Verniknayii AS Business Description

Address Dilovasi Organize San. Bolgesi, 1.Kisim Tuna Caddesi No:1, Dilovasi, Gebze, Kocaeli, TUR, 41455
Marshall Boya VE Vernik Sanayii AS is a Turkey-based company involved in manufacturing paints, coatings, and specialty chemicals. The variety of paints provided by the company includes Panel Door Paint, Fit Silicone, Fit Plastic, Antibacterial Hygiene and Silicone Silk Mat Tinted among others.
56GF Score

Get the complete analysis for IST:MRSHL

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

₺1,802.00
Price
₺1,382.91
GF Value