Smartbroker Holding AG (LTS:0CDX) Scaled Net Operating Assets: 0.48 (As of Jun. 2025)


LTS:0CDX Smartbroker Holding AG LTS:0CDX
91 GF Score
Price €10.70
GF Value €10.95
Valuation Fairly Valued
! 3 Warning Signs
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What is Smartbroker Holding AG Scaled Net Operating Assets?

Smartbroker Holding AG LTS:0CDX +1.90% 91 Scaled Net Operating Assets is 0.48 as of Jun. 2025. GuruFocus rates LTS:0CDX with a GF Score™ of 91/100 and a GF Value™ of €10.95 (Fairly Valued). 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.

Smartbroker Holding AG's operating assets for the quarter that ended in Jun. 2025 was €37.63 Mil. Smartbroker Holding AG's operating liabilities for the quarter that ended in Jun. 2025 was €7.27 Mil. Smartbroker Holding AG's Total Assets for the quarter that ended in Dec. 2024 was €63.36 Mil. Therefore, Smartbroker Holding AG's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2025 was 0.48.


Smartbroker Holding AG Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Smartbroker Holding AG'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.

Smartbroker Holding AG Scaled Net Operating Assets Chart

Smartbroker Holding AG Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.64 0.58 0.49 0.56 0.52

Smartbroker Holding AG Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25
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 0.57 0.62 0.52 0.48

LTS:0CDX vs SPGI, CME, MCO: Scaled Net Operating Assets Comparison

For the Financial Data & Stock Exchanges subindustry, Smartbroker Holding AG'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.


Smartbroker Holding AG Scaled Net Operating Assets vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Smartbroker Holding AG's Scaled Net Operating Assets distribution charts can be found below:

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


LTS:0CDX
91GF Score
Smartbroker Holding AG LTS:0CDX
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Smartbroker Holding AG 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.

Smartbroker Holding AG's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2024 )
=(Operating Assets (A: Dec. 2024 )-Operating Liabilities (A: Dec. 2024 ))/Total Assets (A: Dec. 2023 )
=(41.355-8.05)/63.836
=0.52

where

Operating Assets(A: Dec. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=63.362 - 22.007
=41.355

Operating Liabilities(A: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=14.237 - 2.927 - 3.26
=8.05

Smartbroker Holding AG's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2025 )
=(Operating Assets (Q: Jun. 2025 )-Operating Liabilities (Q: Jun. 2025 ))/Total Assets (Q: Dec. 2024 )
=(37.625-7.265)/63.362
=0.48

where

Operating Assets(Q: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=55.435 - 17.81
=37.625

Operating Liabilities(Q: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=11.539 - 1.586 - 2.688
=7.265

* 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 0.48 mean?
Smartbroker Holding AG (LTS:0CDX) has a Scaled Net Operating Assets of 0.48 as of Jun. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Smartbroker Holding AG and its competitors.
Is Smartbroker Holding AG's Scaled Net Operating Assets too high?
Smartbroker Holding AG's current Scaled Net Operating Assets is 0.48. Overall, Smartbroker Holding AG has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Smartbroker Holding AG's Scaled Net Operating Assets compare to SPGI and CME?
Smartbroker Holding AG's Scaled Net Operating Assets of 0.48 can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Scaled Net Operating Assets depends on the Capital Markets 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 Smartbroker Holding AG and its competitors. Smartbroker Holding AG's current Scaled Net Operating Assets is 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smartbroker Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Smartbroker Holding AG (LTS:0CDX) is currently considered Fairly Valued. The stock's GF Value™ is €10.95, compared to a current price of €10.70 — trading 2.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.48. Smartbroker Holding AG's overall GF Score™ is 91/100 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 Smartbroker Holding AG (LTS:0CDX), the current Scaled Net Operating Assets is 0.48 as of Jun. 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 Smartbroker Holding AG (LTS:0CDX) Overvalued in 2026?

Based on GuruFocus' analysis, Smartbroker Holding AG stock appears to be undervalued. The current stock price of €10.70 is trading 2.3% below its estimated GF Value™ of €10.95. GuruFocus considers Smartbroker Holding AG to be Fairly Valued.

Key valuation signals for LTS:0CDX:

  • Scaled Net Operating Assets: 0.48
  • GF Value™: €10.95 vs. price of €10.70 (2.3% below fair value)
  • GF Score™: 91/100 with 3 warning signs

No single metric tells the full story. See the LTS:0CDX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Smartbroker Holding AG Business Description

Other Exchanges SB1:Germany
Address Ritterstrasse 11, Berlin, DEU, 10969
Smartbroker Holding AG operates as a trading portal. It offers information regarding market, economics and finance. The company also provides community news, commentary and analysis and security details to equities, commodities ETFs, funds and certificates.
91GF 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.

€10.70
Price
€10.95
GF Value