Vastned NV (LTS:0ET5) Scaled Net Operating Assets: 0.95 (As of Dec. 2025)


LTS:0ET5 Vastned NV LTS:0ET5
61 GF Score
Price €29.35
GF Value €24.86
Valuation Modestly Overvalued
! 10 Warning Signs
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What is Vastned NV Scaled Net Operating Assets?

Vastned NV LTS:0ET5 +0.86% 61 Scaled Net Operating Assets is 0.95 as of Dec. 2025. GuruFocus rates LTS:0ET5 with a GF Score™ of 61/100 and a GF Value™ of €24.86 (Modestly Overvalued). The stock has 10 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.

Vastned NV's operating assets for the quarter that ended in Dec. 2025 was €1,283.39 Mil. Vastned NV's operating liabilities for the quarter that ended in Dec. 2025 was €66.08 Mil. Vastned NV's Total Assets for the quarter that ended in Jun. 2025 was €1,275.78 Mil. Therefore, Vastned NV's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.95.


Vastned NV Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Vastned NV'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.

Vastned NV Scaled Net Operating Assets Chart

Vastned NV 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 0.93 0.99 0.97 1.01 3.70

Vastned NV Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.97 0.98 1.01 3.67 0.95

LTS:0ET5 vs SPG, O, KIM: Scaled Net Operating Assets Comparison

For the REIT - Retail subindustry, Vastned NV'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.


Vastned NV Scaled Net Operating Assets vs REITs Industry

For the REITs industry and Real Estate sector, Vastned NV's Scaled Net Operating Assets distribution charts can be found below:

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


LTS:0ET5
61GF Score
Vastned NV LTS:0ET5
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Vastned NV 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.

Vastned NV'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 )
=(1283.392-66.079)/328.792
=3.70

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1285.328 - 1.936
=1283.392

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=559.838 - 443.535 - 50.224
=66.079

Vastned NV's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(1283.392-66.079)/1275.782
=0.95

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1285.328 - 1.936
=1283.392

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=559.838 - 443.535 - 50.224
=66.079

* 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 0.95 mean?
Vastned NV (LTS:0ET5) has a Scaled Net Operating Assets of 0.95 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Vastned NV and its competitors.
Is Vastned NV's Scaled Net Operating Assets too high?
Vastned NV's current Scaled Net Operating Assets is 0.95. Overall, Vastned NV has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vastned NV's Scaled Net Operating Assets compare to SPG and O?
Vastned NV's Scaled Net Operating Assets of 0.95 can be compared against companies in the REITs 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 REITs company?
A good Scaled Net Operating Assets depends on the REITs 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 Vastned NV and its competitors. Vastned NV's current Scaled Net Operating Assets is 0.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vastned NV stock overvalued right now?
Based on GuruFocus' analysis, Vastned NV (LTS:0ET5) is currently considered Modestly Overvalued. The stock's GF Value™ is €24.86, compared to a current price of €29.35 — trading 18.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.95. Vastned NV's overall GF Score™ is 61/100 with 10 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 Vastned NV (LTS:0ET5), the current Scaled Net Operating Assets is 0.95 as of Dec. 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 Vastned NV (LTS:0ET5) Overvalued in 2026?

Based on GuruFocus' analysis, Vastned NV stock appears to be overvalued. The current stock price of €29.35 is trading 18.1% above its estimated GF Value™ of €24.86. GuruFocus considers Vastned NV to be Modestly Overvalued.

Key valuation signals for LTS:0ET5:

  • Scaled Net Operating Assets: 0.95
  • GF Value™: €24.86 vs. price of €29.35 (18.1% above fair value)
  • GF Score™: 61/100 with 10 warning signs

No single metric tells the full story. See the LTS:0ET5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vastned NV Business Description

Industry Real EstateREITs
Other Exchanges VASTB:Belgium
Address Generaal Lemanstraat 61, Antwerp, BEL, 2018
Vastned NV, formerly Vastned Belgium is a Belgium-based property investment company. Principally, it invests in Belgian commercial real estate, prime retail properties located on the shopping streets in the cities of Antwerp, Brussels, Ghent and Bruges, inner-city shops, high-end retail parks and retail warehouses.
61GF Score

Get the complete analysis for LTS:0ET5

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

€29.35
Price
€24.86
GF Value