Nokian Tyres (LTS:0FFY) Scaled Net Operating Assets: 0.81 (As of Mar. 2026)


LTS:0FFY Nokian Tyres PLC LTS:0FFY
73 GF Score
Price €12.12
GF Value €9.33
Valuation Modestly Overvalued
! 11 Warning Signs
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What is Nokian Tyres Scaled Net Operating Assets?

Nokian Tyres LTS:0FFY +1.64% 73 Scaled Net Operating Assets is 0.81 as of Mar. 2026. GuruFocus rates LTS:0FFY with a GF Score™ of 73/100 and a GF Value™ of €9.33 (Modestly Overvalued). The stock has 11 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.

Nokian Tyres's operating assets for the quarter that ended in Mar. 2026 was €2,224 Mil. Nokian Tyres's operating liabilities for the quarter that ended in Mar. 2026 was €345 Mil. Nokian Tyres's Total Assets for the quarter that ended in Dec. 2025 was €2,314 Mil. Therefore, Nokian Tyres's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.81.

Nokian Tyres Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Nokian Tyres'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.

Nokian Tyres Scaled Net Operating Assets Chart

Nokian Tyres 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 0.65 0.66 0.71 0.81 0.75

Nokian Tyres Quarterly Data
Jun21 Sep21 Dec21 Mar22 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 0.83 0.83 0.87 0.71 0.81

LTS:0FFY vs ORLY, AZO, GPC: Scaled Net Operating Assets Comparison

For the Auto Parts subindustry, Nokian Tyres'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.

Nokian Tyres Scaled Net Operating Assets vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Nokian Tyres's Scaled Net Operating Assets distribution charts can be found below:

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


LTS:0FFY
73GF Score
Nokian Tyres PLC LTS:0FFY
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Nokian Tyres 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.

Nokian Tyres'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 )
=(2166.9-338.7)/2423.7
=0.75

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2313.8 - 146.9
=2166.9

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1149.6 - 718.2 - 92.7
=338.7

Nokian Tyres'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 )
=(2224.4-345.1)/2313.8
=0.81

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2360.9 - 136.5
=2224.4

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1238.8 - 712.2 - 181.5
=345.1

* 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 0.81 mean?
Nokian Tyres (LTS:0FFY) has a Scaled Net Operating Assets of 0.81 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 Nokian Tyres and its competitors.
Is Nokian Tyres' Scaled Net Operating Assets too high?
Nokian Tyres' current Scaled Net Operating Assets is 0.81. Overall, Nokian Tyres has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nokian Tyres' Scaled Net Operating Assets compare to ORLY and AZO?
Nokian Tyres' Scaled Net Operating Assets of 0.81 can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Scaled Net Operating Assets depends on the Vehicles & Parts 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 Nokian Tyres and its competitors. Nokian Tyres's current Scaled Net Operating Assets is 0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nokian Tyres stock overvalued right now?
Based on GuruFocus' analysis, Nokian Tyres (LTS:0FFY) is currently considered Modestly Overvalued. The stock's GF Value™ is €9.33, compared to a current price of €12.12 — trading 29.9% above its estimated fair value. The current Scaled Net Operating Assets is 0.81. Nokian Tyres' overall GF Score™ is 73/100 with 11 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 Nokian Tyres (LTS:0FFY), the current Scaled Net Operating Assets is 0.81 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 Nokian Tyres (LTS:0FFY) Overvalued in 2026?

Based on GuruFocus' analysis, Nokian Tyres stock appears to be overvalued. The current stock price of €12.12 is trading 29.9% above its estimated GF Value™ of €9.33. GuruFocus considers Nokian Tyres to be Modestly Overvalued.

Key valuation signals for LTS:0FFY:

  • Scaled Net Operating Assets: 0.81
  • GF Value™: €9.33 vs. price of €12.12 (29.9% above fair value)
  • GF Score™: 73/100 with 11 warning signs

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

Nokian Tyres Business Description

Address Pirkkalaistie 7, P.O. Box 20, Nokia, FIN, 37101
Nokian Tyres PLC develops and manufactures rubber tires under the Nokian Tyres brand name for passenger cars, vans, trucks and heavy machinery. The company sells tires to wholesale distributors and through company-owned retail stores, which are operated under the Vianor brand name. The firm organizes itself into three segments based on product and distribution type: Passenger Car Tyres, Heavy Tyres and Vianor. The Passenger car tyres segment generates the majority of revenue.
73GF Score

Get the complete analysis for LTS:0FFY

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

€12.12
Price
€9.33
GF Value