Northern Bear (LSE:NTBR) Scaled Net Operating Assets: 0.54 (As of Sep. 2025)

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LSE:NTBR Northern Bear PLC LSE:NTBR
49 GF Score
Price £1.13
GF Value £0.90
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Northern Bear Scaled Net Operating Assets?

Northern Bear LSE:NTBR +9.76% 49 Scaled Net Operating Assets is 0.54 as of Sep. 2025. GuruFocus rates LSE:NTBR with a GF Score™ of 49/100 and a GF Value™ of £0.90 (Modestly 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.

Northern Bear's operating assets for the quarter that ended in Sep. 2025 was £43.36 Mil. Northern Bear's operating liabilities for the quarter that ended in Sep. 2025 was £20.29 Mil. Northern Bear's Total Assets for the quarter that ended in Mar. 2025 was £42.56 Mil. Therefore, Northern Bear's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2025 was 0.54.


Northern Bear Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Northern Bear'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.

Northern Bear Scaled Net Operating Assets Chart

Northern Bear Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.56 0.58 0.56 0.61 0.55

Northern Bear Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 0.63 0.63 0.62 0.53 0.54

LSE:NTBR vs TT, JCI, CARR: Scaled Net Operating Assets Comparison

For the Building Products & Equipment subindustry, Northern Bear'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.


Northern Bear Scaled Net Operating Assets vs Construction Industry

For the Construction industry and Industrials sector, Northern Bear's Scaled Net Operating Assets distribution charts can be found below:

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


LSE:NTBR
49GF Score
Northern Bear PLC LSE:NTBR
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Northern Bear 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.

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

Scaled Net Operating Assets (SNOA)(A: Mar. 2025 )
=(Operating Assets (A: Mar. 2025 )-Operating Liabilities (A: Mar. 2025 ))/Total Assets (A: Mar. 2024 )
=(38.584-17.012)/39.347
=0.55

where

Operating Assets(A: Mar. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=42.558 - 3.974
=38.584

Operating Liabilities(A: Mar. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=20.245 - 1.806 - 1.427
=17.012

Northern Bear's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2025 )
=(Operating Assets (Q: Sep. 2025 )-Operating Liabilities (Q: Sep. 2025 ))/Total Assets (Q: Mar. 2025 )
=(43.364-20.288)/42.558
=0.54

where

Operating Assets(Q: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=47.191 - 3.827
=43.364

Operating Liabilities(Q: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=22.352 - 1.281 - 0.783
=20.288

* 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 0.54 mean?
Northern Bear (LSE:NTBR) has a Scaled Net Operating Assets of 0.54 as of Sep. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Northern Bear and its competitors.
Is Northern Bear's Scaled Net Operating Assets too high?
Northern Bear's current Scaled Net Operating Assets is 0.54. Overall, Northern Bear has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Northern Bear's Scaled Net Operating Assets compare to TT and JCI?
Northern Bear's Scaled Net Operating Assets of 0.54 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 Northern Bear and its competitors. Northern Bear's current Scaled Net Operating Assets is 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Bear stock overvalued right now?
Based on GuruFocus' analysis, Northern Bear (LSE:NTBR) is currently considered Modestly Overvalued. The stock's GF Value™ is £0.90, compared to a current price of £1.13 — trading 25% above its estimated fair value. The current Scaled Net Operating Assets is 0.54. Northern Bear's overall GF Score™ is 49/100 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 Northern Bear (LSE:NTBR), the current Scaled Net Operating Assets is 0.54 as of Sep. 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.

Is Northern Bear (LSE:NTBR) Overvalued in 2026?

Based on GuruFocus' analysis, Northern Bear stock appears to be overvalued. The current stock price of £1.13 is trading 25% above its estimated GF Value™ of £0.90. GuruFocus considers Northern Bear to be Modestly Overvalued.

Key valuation signals for LSE:NTBR:

  • Scaled Net Operating Assets: 0.54
  • GF Value™: £0.90 vs. price of £1.13 (25% above fair value)
  • GF Score™: 49/100 with 2 warning signs

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


Northern Bear Business Description

Address A1 Grainger, Prestwick Park, Prestwick, Newcastle upon Tyne, GBR, NE20 9SJ
Northern Bear PLC is a specialist building service provider serving the support services sector. Its operating segments include Roofing activities - companies providing a comprehensive range of roofing services including slang, felting, refurbishment, and maintenance for domestic, commercial, and public sector properties; Materials handling activities - supply, service, and maintenance of forklift trucks and warehouse equipment on hire and for sale; Specialist building services activities - aggregation of other specialist building services companies providing services including building maintenance, electrical contracting, and sound insulation and Corporate and other activities - the provision of head office activity and consolidation items. It generates revenues mainly from the UK.
49GF Score

Get the complete analysis for LSE:NTBR

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

£1.13
Price
£0.90
GF Value