Light Science Technologies Holdings (LSE:LST) Scaled Net Operating Assets: 0.34 (As of Nov. 2025)


What is Light Science Technologies Holdings Scaled Net Operating Assets?

Light Science Technologies Holdings LSE:LST +5.45% Scaled Net Operating Assets is 0.34 as of Nov. 2025. 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.

Light Science Technologies Holdings's operating assets for the quarter that ended in Nov. 2025 was £5.55 Mil. Light Science Technologies Holdings's operating liabilities for the quarter that ended in Nov. 2025 was £3.04 Mil. Light Science Technologies Holdings's Total Assets for the quarter that ended in May. 2025 was £7.31 Mil. Therefore, Light Science Technologies Holdings's scaled net operating assets (SNOA) for the quarter that ended in Nov. 2025 was 0.34.

Light Science Technologies Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Light Science Technologies Holdings'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.

Light Science Technologies Holdings Scaled Net Operating Assets Chart

Light Science Technologies Holdings Annual Data
Trend Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.77 0.50 0.55 0.38 0.30

Light Science Technologies Holdings Semi-Annual Data
Nov18 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
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 0.53 0.48 0.35 0.36 0.34

LSE:LST vs APH, GLW, TEL: Scaled Net Operating Assets Comparison

For the Electronic Components subindustry, Light Science Technologies Holdings'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.

Light Science Technologies Holdings Scaled Net Operating Assets vs Hardware Industry

For the Hardware industry and Technology sector, Light Science Technologies Holdings's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Light Science Technologies Holdings's Scaled Net Operating Assets falls into.


Light Science Technologies Holdings 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.

Light Science Technologies Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Nov. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Nov. 2025 )
=(Operating Assets (A: Nov. 2025 )-Operating Liabilities (A: Nov. 2025 ))/Total Assets (A: Nov. 2024 )
=(5.545-3.043)/8.319
=0.30

where

Operating Assets(A: Nov. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6.268 - 0.723
=5.545

Operating Liabilities(A: Nov. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4.714 - 0.645 - 1.026
=3.043

Light Science Technologies Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Nov. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Nov. 2025 )
=(Operating Assets (Q: Nov. 2025 )-Operating Liabilities (Q: Nov. 2025 ))/Total Assets (Q: May. 2025 )
=(5.545-3.043)/7.307
=0.34

where

Operating Assets(Q: Nov. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6.268 - 0.723
=5.545

Operating Liabilities(Q: Nov. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4.714 - 0.645 - 1.026
=3.043

* 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 0.34 mean?
Light Science Technologies Holdings (LSE:LST) has a Scaled Net Operating Assets of 0.34 as of Nov. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Light Science Technologies Holdings and its competitors.
Is Light Science Technologies Holdings' Scaled Net Operating Assets too high?
Light Science Technologies Holdings' current Scaled Net Operating Assets is 0.34.
How does Light Science Technologies Holdings' Scaled Net Operating Assets compare to APH and GLW?
Light Science Technologies Holdings' Scaled Net Operating Assets of 0.34 can be compared against companies in the Hardware 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 Hardware company?
A good Scaled Net Operating Assets depends on the Hardware 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 Light Science Technologies Holdings and its competitors. Light Science Technologies Holdings's current Scaled Net Operating Assets is 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Light Science Technologies Holdings stock overvalued right now?
Based on GuruFocus' analysis, Light Science Technologies Holdings (LSE:LST) is currently considered Modestly Undervalued. The stock's GF Value™ is £0.02, compared to a current price of £0.01 — trading 27.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.34. 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 Light Science Technologies Holdings (LSE:LST), the current Scaled Net Operating Assets is 0.34 as of Nov. 2025. 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.

Light Science Technologies Holdings Business Description

Other Exchanges 9FD:Germany
Address Painters Lane, The Byre Ednaston Park Business Centre, Ednaston, Ashbourne, Derbyshire, GBR, DE6 3FA
Light Science Technologies Holdings PLC focuses on the development and manufacturing of Contract electronic boards and lighting and technology products for the Controlled Environment Agriculture (CEA) sector. The company operates in Contract Electronics Manufacturing, Agtech, and Passive fire protection. The company generates maximum revenue from the Contract electronics manufacturing segment. Geographically, the company operates in United Kingdom, Europe and Rest of the World, of which it derives maximum revenue from United Kingdom.