Hardide (LSE:HDD) Scaled Net Operating Assets: 0.73 (As of Mar. 2026)


LSE:HDD Hardide PLC LSE:HDD
38 GF Score
Price £0.71
GF Value £0.14
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Hardide Scaled Net Operating Assets?

Hardide LSE:HDD -1.39% 38 Scaled Net Operating Assets is 0.73 as of Mar. 2026. GuruFocus rates LSE:HDD with a GF Score™ of 38/100 and a GF Value™ of £0.14 (Significantly Overvalued). The stock has 2 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.

Hardide's operating assets for the quarter that ended in Mar. 2026 was £6.92 Mil. Hardide's operating liabilities for the quarter that ended in Mar. 2026 was £1.33 Mil. Hardide's Total Assets for the quarter that ended in Sep. 2025 was £7.61 Mil. Therefore, Hardide's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.73.


Hardide Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Hardide'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.

Hardide Scaled Net Operating Assets Chart

Hardide Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.65 0.73 0.68 0.69 0.70

Hardide Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.69 0.73 0.64 0.75 0.73

LSE:HDD vs LIN, SHW, ECL: Scaled Net Operating Assets Comparison

For the Specialty Chemicals subindustry, Hardide'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.


Hardide Scaled Net Operating Assets vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hardide's Scaled Net Operating Assets distribution charts can be found below:

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


LSE:HDD
38GF Score
Hardide PLC LSE:HDD
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Hardide 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.

Hardide's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Sep. 2025 )
=(Operating Assets (A: Sep. 2025 )-Operating Liabilities (A: Sep. 2025 ))/Total Assets (A: Sep. 2024 )
=(6.787-1.334)/7.752
=0.70

where

Operating Assets(A: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=7.614 - 0.827
=6.787

Operating Liabilities(A: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3.735 - 2.002 - 0.399
=1.334

Hardide'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: Sep. 2025 )
=(6.919-1.33)/7.614
=0.73

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=8.714 - 1.795
=6.919

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3.549 - 1.856 - 0.363
=1.33

* 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 0.73 mean?
Hardide (LSE:HDD) has a Scaled Net Operating Assets of 0.73 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 Hardide and its competitors.
Is Hardide's Scaled Net Operating Assets too high?
Hardide's current Scaled Net Operating Assets is 0.73. Overall, Hardide has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hardide's Scaled Net Operating Assets compare to LIN and SHW?
Hardide's Scaled Net Operating Assets of 0.73 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 Hardide and its competitors. Hardide's current Scaled Net Operating Assets is 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hardide stock overvalued right now?
Based on GuruFocus' analysis, Hardide (LSE:HDD) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.14, compared to a current price of £0.71 — trading 407.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.73. Hardide's overall GF Score™ is 38/100 with 2 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 Hardide (LSE:HDD), the current Scaled Net Operating Assets is 0.73 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 Hardide (LSE:HDD) Overvalued in 2026?

Based on GuruFocus' analysis, Hardide stock appears to be overvalued. The current stock price of £0.71 is trading 407.1% above its estimated GF Value™ of £0.14. GuruFocus considers Hardide to be Significantly Overvalued.

Key valuation signals for LSE:HDD:

  • Scaled Net Operating Assets: 0.73
  • GF Value™: £0.14 vs. price of £0.71 (407.1% above fair value)
  • GF Score™: 38/100 with 2 warning signs

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


Hardide Business Description

Other Exchanges 9V0:Germany
Address 9 Longlands Road, Bicester, Oxfordshire, GBR, OX26 5AH
Hardide PLC is a UK-based company that acts as a provider of tungsten carbide coatings for metal components operating in abrasive, erosive, corrosive, and chemically aggressive environments. The company provides nanostructured and patented, low-temperature chemical vapour deposition coating which provides wear and corrosion resistance and combines toughness with ductility. It extends the life of critical components across high-value industries and applications including oil and gas, pumps, aerospace, petrochemical, power generation, defense, industrial tooling, and others. The company has it's reportable segments namely UK operation, United States operation and Corporate Central Functions. The majority of the company's revenue is generated from United Kingdom operations.
38GF 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.

£0.71
Price
£0.14
GF Value