Leonardo SpA (LTS:0ONG) Scaled Net Operating Assets: N/A (As of Jun. 2026)

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LTS:0ONG Leonardo SpA LTS:0ONG
79 GF Score
Price €56.37
GF Value €36.21
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Leonardo SpA Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Leonardo SpA's operating assets for the quarter that ended in Jun. 2026 was €36,075 Mil. Leonardo SpA's operating liabilities for the quarter that ended in Jun. 2026 was €21,682 Mil. Leonardo SpA's Total Assets for the quarter that ended in Mar. 2026 was €0 Mil. Therefore, Leonardo SpA's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2026 was N/A.

Leonardo SpA Scaled Net Operating Assets Historical Data

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The historical data trend for Leonardo SpA'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.

Leonardo SpA Scaled Net Operating Assets Chart

Leonardo SpA 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 0.32 0.38 0.39 0.35 0.36

Leonardo SpA Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 -0.03 0.00 -0.03 0.00

LTS:0ONG vs SPCX, GE, RTX: Scaled Net Operating Assets Comparison

For the Aerospace & Defense subindustry, Leonardo SpA'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.

Leonardo SpA Scaled Net Operating Assets vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Leonardo SpA's Scaled Net Operating Assets distribution charts can be found below:

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


LTS:0ONG
79GF Score
Leonardo SpA LTS:0ONG
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Leonardo SpA 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.

Leonardo SpA'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 )
=(31271-19280)/33673
=0.36

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=34509 - 3238
=31271

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=23769 - 1896 - 2593
=19280

Leonardo SpA's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2026 )
=(Operating Assets (Q: Jun. 2026 )-Operating Liabilities (Q: Jun. 2026 ))/Total Assets (Q: Mar. 2026 )
=(36075-21682)/0
=N/A

where

Operating Assets(Q: Jun. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=37061 - 986
=36075

Operating Liabilities(Q: Jun. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=26195 - 1726 - 2787
=21682

* 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.

Is Leonardo SpA (LTS:0ONG) Overvalued in 2026?

Based on GuruFocus' analysis, Leonardo SpA stock appears to be overvalued. The current stock price of €56.37 is trading 55.7% above its estimated GF Value™ of €36.21. GuruFocus considers Leonardo SpA to be Significantly Overvalued.

Key valuation signals for LTS:0ONG:

  • Scaled Net Operating Assets: N/A
  • GF Value™: €36.21 vs. price of €56.37 (55.7% above fair value)
  • GF Score™: 79/100 with 2 warning signs

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

Leonardo SpA Business Description

Address Piazza Monte Grappa 4, Rome, ITA, 00195
Leonardo is a leading European security firm, with 30.2% of shares owned by the Italian government. Divisions include helicopters, defence electronics & security, aeronautics, cyber & security solutions, and space.The helicopter division serves both military and civil markets. Defence electronics & security accesses the US market through the Leonardo DRS subsidiary. Aeronautics integrates aircraft and aerostructures, participating in major programs like Eurofighter, F-35, and the Global Combat Air Programme, or GCAP. It also supplies large structural components to major commercial aircraft programs. Leonardo is currently evolving from a defense firm into a data-driven global security company.
79GF Score

Get the complete analysis for LTS:0ONG

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

€56.37
Price
€36.21
GF Value