Fluidra (MEX:FDRN) Scaled Net Operating Assets: 0.77 (As of Dec. 2025)


MEX:FDRN Fluidra SA MEX:FDRN
75 GF Score
Price MXN376.32
GF Value MXN520.16
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Fluidra Scaled Net Operating Assets?

Fluidra MEX:FDRN 75 Scaled Net Operating Assets is 0.77 as of Dec. 2025. GuruFocus rates MEX:FDRN with a GF Score™ of 75/100 and a GF Value™ of MXN520.16 (Modestly Undervalued). 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.

Fluidra's operating assets for the quarter that ended in Dec. 2025 was MXN69,445 Mil. Fluidra's operating liabilities for the quarter that ended in Dec. 2025 was MXN12,434 Mil. Fluidra's Total Assets for the quarter that ended in Sep. 2025 was MXN74,454 Mil. Therefore, Fluidra's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.77.


Fluidra Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Fluidra'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.

Fluidra Scaled Net Operating Assets Chart

Fluidra 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 0.92 0.78 0.66 0.95 0.72

Fluidra Quarterly Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 0.80 0.84 0.71 0.73 0.77

MEX:FDRN vs AS, HAS, LTH: Scaled Net Operating Assets Comparison

For the Leisure subindustry, Fluidra'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.


Fluidra Scaled Net Operating Assets vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Fluidra's Scaled Net Operating Assets distribution charts can be found below:

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


MEX:FDRN
75GF Score
Fluidra SA MEX:FDRN
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fluidra 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.

Fluidra'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 )
=(69445.286-12433.738)/79433.072
=0.72

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=71989.15 - 2543.864
=69445.286

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=38242.779 - 24518.471 - 1290.57
=12433.738

Fluidra'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: Sep. 2025 )
=(69445.286-12433.738)/74453.833
=0.77

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=71989.15 - 2543.864
=69445.286

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=38242.779 - 24518.471 - 1290.57
=12433.738

* 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 0.77 mean?
Fluidra (MEX:FDRN) has a Scaled Net Operating Assets of 0.77 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 Fluidra and its competitors.
Is Fluidra's Scaled Net Operating Assets too high?
Fluidra's current Scaled Net Operating Assets is 0.77. Overall, Fluidra has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fluidra's Scaled Net Operating Assets compare to AS and HAS?
Fluidra's Scaled Net Operating Assets of 0.77 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Scaled Net Operating Assets depends on the Travel & Leisure 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 Fluidra and its competitors. Fluidra's current Scaled Net Operating Assets is 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fluidra stock overvalued right now?
Based on GuruFocus' analysis, Fluidra (MEX:FDRN) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN520.16, compared to a current price of MXN376.32 — trading 27.7% below its estimated fair value. The current Scaled Net Operating Assets is 0.77. Fluidra's overall GF Score™ is 75/100 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 Fluidra (MEX:FDRN), the current Scaled Net Operating Assets is 0.77 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 Fluidra (MEX:FDRN) Overvalued in 2026?

Based on GuruFocus' analysis, Fluidra stock appears to be undervalued. The current stock price of MXN376.32 is trading 27.7% below its estimated GF Value™ of MXN520.16. GuruFocus considers Fluidra to be Modestly Undervalued.

Key valuation signals for MEX:FDRN:

  • Scaled Net Operating Assets: 0.77
  • GF Value™: MXN520.16 vs. price of MXN376.32 (27.7% below fair value)
  • GF Score™: 75/100 with 3 warning signs

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


Fluidra Business Description

Address Avenida Alcalde Barnils, 69, Sant Cugat del Valles, Barcelona, ESP, 08174
Fluidra SA is engaged in the pool and wellness business, as well as irrigation, industrial, and others. The company is responsible for manufacturing and distributing all the components required for the construction, renovation, improvement, and maintenance of residential and commercial pools. Also, in some southern European countries, the company supplements its core pool and wellness business with irrigation and landscaping accessories for gardens that are often adjacent to pools The Business Divisions of the company are EMEA, North America, and APAC.
75GF Score

Get the complete analysis for MEX:FDRN

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

MXN376.32
Price
MXN520.16
GF Value