Incap Oyj (LTS:0ERY) Scaled Net Operating Assets: 0.71 (As of Mar. 2026)


LTS:0ERY Incap Oyj LTS:0ERY
92 GF Score
Price €8.57
GF Value €10.69
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Incap Oyj Scaled Net Operating Assets?

Incap Oyj LTS:0ERY -1.95% 92 Scaled Net Operating Assets is 0.71 as of Mar. 2026. GuruFocus rates LTS:0ERY with a GF Score™ of 92/100 and a GF Value™ of €10.69 (Modestly Undervalued). 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.

Incap Oyj's operating assets for the quarter that ended in Mar. 2026 was €209.7 Mil. Incap Oyj's operating liabilities for the quarter that ended in Mar. 2026 was €63.2 Mil. Incap Oyj's Total Assets for the quarter that ended in Dec. 2025 was €207.6 Mil. Therefore, Incap Oyj's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.71.


Incap Oyj Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Incap Oyj'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.

Incap Oyj Scaled Net Operating Assets Chart

Incap Oyj 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 0.85 0.78 0.58 0.50 0.38

Incap Oyj Quarterly Data
Jun20 Dec20 Jun21 Dec21 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 0.48 0.45 0.46 0.41 0.71

LTS:0ERY vs APH, GLW, TEL: Scaled Net Operating Assets Comparison

For the Electronic Components subindustry, Incap Oyj'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.


Incap Oyj Scaled Net Operating Assets vs Hardware Industry

For the Hardware industry and Technology sector, Incap Oyj's Scaled Net Operating Assets distribution charts can be found below:

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


LTS:0ERY
92GF Score
Incap Oyj LTS:0ERY
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Incap Oyj 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.

Incap Oyj'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 )
=(126.802-44.87)/214.82
=0.38

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=207.557 - 80.755
=126.802

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=72.322 - 23.36 - 4.092
=44.87

Incap Oyj'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 )
=(209.657-63.198)/207.557
=0.71

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=262.703 - 53.046
=209.657

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=124.428 - 55.047 - 6.183
=63.198

* 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 0.71 mean?
Incap Oyj (LTS:0ERY) has a Scaled Net Operating Assets of 0.71 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 Incap Oyj and its competitors.
Is Incap Oyj's Scaled Net Operating Assets too high?
Incap Oyj's current Scaled Net Operating Assets is 0.71. Overall, Incap Oyj has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Incap Oyj's Scaled Net Operating Assets compare to APH and GLW?
Incap Oyj's Scaled Net Operating Assets of 0.71 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 Incap Oyj and its competitors. Incap Oyj's current Scaled Net Operating Assets is 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Incap Oyj stock overvalued right now?
Based on GuruFocus' analysis, Incap Oyj (LTS:0ERY) is currently considered Modestly Undervalued. The stock's GF Value™ is €10.69, compared to a current price of €8.57 — trading 19.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.71. Incap Oyj's overall GF Score™ is 92/100 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 Incap Oyj (LTS:0ERY), the current Scaled Net Operating Assets is 0.71 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 Incap Oyj (LTS:0ERY) Overvalued in 2026?

Based on GuruFocus' analysis, Incap Oyj stock appears to be undervalued. The current stock price of €8.57 is trading 19.8% below its estimated GF Value™ of €10.69. GuruFocus considers Incap Oyj to be Modestly Undervalued.

Key valuation signals for LTS:0ERY:

  • Scaled Net Operating Assets: 0.71
  • GF Value™: €10.69 vs. price of €8.57 (19.8% below fair value)
  • GF Score™: 92/100 with 2 warning signs

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


Incap Oyj Business Description

Other Exchanges ICP1V:FinlandI8J:Germany
Address Bulevardi 21, Helsinki, FIN, 00180
Incap Oyj operates as a full-service provider in Electronics Manufacturing Services (EMS), supporting customers ranging from large multinational corporations, mid-sized companies, and small start-ups across the complete manufacturing value chain. Its services include material procurement, prototyping and engineering, production ramp-up, serial production, design, project management, final assembly, testing, and logistics, along with key offerings such as prototyping and engineering, PCB assembly manufacturing, box-build assembly, and customised solutions. The Company operates across Europe, North America, Asia, Africa, and Australia, with Europe generating the majority of its revenue.
92GF Score

Get the complete analysis for LTS:0ERY

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

€8.57
Price
€10.69
GF Value