Ferroglobe (MEX:GSMN) Scaled Net Operating Assets: 0.58 (As of Mar. 2026)


MEX:GSMN Ferroglobe PLC MEX:GSMN
71 GF Score
Price MXN83.00
GF Value MXN96.12
! 2 Warning Signs
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What is Ferroglobe Scaled Net Operating Assets?

Ferroglobe MEX:GSMN 71 Scaled Net Operating Assets is 0.58 as of Mar. 2026. GuruFocus rates MEX:GSMN with a GF Score™ of 71/100 and a GF Value™ of MXN96.12. 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.

Ferroglobe's operating assets for the quarter that ended in Mar. 2026 was MXN25,694 Mil. Ferroglobe's operating liabilities for the quarter that ended in Mar. 2026 was MXN11,011 Mil. Ferroglobe's Total Assets for the quarter that ended in Dec. 2025 was MXN25,487 Mil. Therefore, Ferroglobe's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.58.


Ferroglobe Scaled Net Operating Assets Historical Data

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The historical data trend for Ferroglobe'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.

Ferroglobe Scaled Net Operating Assets Chart

Ferroglobe 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 0.63 0.61 0.48 0.63 0.48

Ferroglobe 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 0.55 0.53 0.51 0.52 0.58

MEX:GSMN vs NB, TMCR, ALOY: Scaled Net Operating Assets Comparison

For the Other Industrial Metals & Mining subindustry, Ferroglobe'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.


Ferroglobe Scaled Net Operating Assets vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Ferroglobe's Scaled Net Operating Assets distribution charts can be found below:

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


MEX:GSMN
71GF Score
Ferroglobe PLC MEX:GSMN
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Ferroglobe 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.

Ferroglobe'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 )
=(23075.457-8342.184)/30708.913
=0.48

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=25486.708 - 2411.251
=23075.457

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=13022.136 - 2396.937 - 2283.015
=8342.184

Ferroglobe'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 )
=(25694.073-11011.488)/25486.708
=0.58

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=27429.396 - 1735.323
=25694.073

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=15339.192 - 2071.056 - 2256.648
=11011.488

* 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 0.58 mean?
Ferroglobe (MEX:GSMN) has a Scaled Net Operating Assets of 0.58 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 Ferroglobe and its competitors.
Is Ferroglobe's Scaled Net Operating Assets too high?
Ferroglobe's current Scaled Net Operating Assets is 0.58. Overall, Ferroglobe has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Ferroglobe's Scaled Net Operating Assets compare to NB and TMCR?
Ferroglobe's Scaled Net Operating Assets of 0.58 can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Scaled Net Operating Assets depends on the Metals & Mining 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 Ferroglobe and its competitors. Ferroglobe's current Scaled Net Operating Assets is 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ferroglobe stock overvalued right now?
Ferroglobe (MEX:GSMN) has a current Scaled Net Operating Assets of 0.58. The stock's GF Value™ is MXN96.12, compared to a current price of MXN83.00 — trading 13.6% below its estimated fair value. The current Scaled Net Operating Assets is 0.58. Ferroglobe's overall GF Score™ is 71/100 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 Ferroglobe (MEX:GSMN), the current Scaled Net Operating Assets is 0.58 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 Ferroglobe (MEX:GSMN) Overvalued in 2026?

Based on GuruFocus' analysis, Ferroglobe stock appears to be undervalued. The current stock price of MXN83.00 is trading 13.6% below its estimated GF Value™ of MXN96.12.

Key valuation signals for MEX:GSMN:

  • Scaled Net Operating Assets: 0.58
  • GF Value™: MXN96.12 vs. price of MXN83.00 (13.6% below fair value)
  • GF Score™: 71/100 with 2 warning signs

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


Ferroglobe Business Description

Other Exchanges GSM:USA5FG:Germany
Address 13 Chesterfield Street, London, GBR, W1J 5JN
Ferroglobe PLC provides silicon-based alloys and specialty metals. It produces silicon metal and silicon and manganese-based alloy, serving customers in the specialty chemical, aluminum, solar, steel, and ductile iron foundry industries. The company's operating segments include Canada - Silicon Metals, Canada - Silicon Alloys, U.S. - Silicon Metals, U.S. - Silicon Alloys, Europe - Manganese Alloys, Europe - Silicon Metals, Europe - Silicon Alloys, South Africa - Silicon Metals, South Africa - Silicon Alloys, and Other segments. The primary raw materials the company uses to produce its electrometallurgy products include its coal and quartz mining operations and its silicon metal and ferroalloy production. The firm generates key revenue from Silicon metal and Manganese-based alloys.
71GF Score

Get the complete analysis for MEX:GSMN

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

MXN83.00
Price
MXN96.12
GF Value