thyssenkrupp AG (MIL:1TKA) Scaled Net Operating Assets: 0.26 (As of Mar. 2026)


MIL:1TKA thyssenkrupp AG MIL:1TKA
50 GF Score
Price €10.05
GF Value €4.27
Valuation Significantly Overvalued
! 3 Warning Signs
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What is thyssenkrupp AG Scaled Net Operating Assets?

thyssenkrupp AG MIL:1TKA -2.48% 50 Scaled Net Operating Assets is 0.26 as of Mar. 2026. GuruFocus rates MIL:1TKA with a GF Score™ of 50/100 and a GF Value™ of €4.27 (Significantly Overvalued). 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.

thyssenkrupp AG's operating assets for the quarter that ended in Mar. 2026 was €24,623 Mil. thyssenkrupp AG's operating liabilities for the quarter that ended in Mar. 2026 was €17,371 Mil. thyssenkrupp AG's Total Assets for the quarter that ended in Dec. 2025 was €28,043 Mil. Therefore, thyssenkrupp AG's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.26.

thyssenkrupp AG Scaled Net Operating Assets Historical Data

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The historical data trend for thyssenkrupp AG'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.

thyssenkrupp AG Scaled Net Operating Assets Chart

thyssenkrupp AG Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.19 0.28 0.22 0.17 0.18

thyssenkrupp AG 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 0.23 0.22 0.19 0.25 0.26

MIL:1TKA vs HON, MMM: Scaled Net Operating Assets Comparison

For the Conglomerates subindustry, thyssenkrupp AG'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.

thyssenkrupp AG Scaled Net Operating Assets vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, thyssenkrupp AG's Scaled Net Operating Assets distribution charts can be found below:

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


MIL:1TKA
50GF Score
thyssenkrupp AG MIL:1TKA
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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thyssenkrupp AG 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.

thyssenkrupp AG's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Sep. 2025 )
=(Operating Assets (A: Sep. 2025 )-Operating Liabilities (A: Sep. 2025 ))/Total Assets (A: Sep. 2024 )
=(22793-17448)/29333
=0.18

where

Operating Assets(A: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=28885 - 6092
=22793

Operating Liabilities(A: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=18325 - 520 - 357
=17448

thyssenkrupp AG'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 )
=(24623-17371)/28043
=0.26

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=28461 - 3838
=24623

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=18177 - 544 - 262
=17371

* 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 0.26 mean?
thyssenkrupp AG (MIL:1TKA) has a Scaled Net Operating Assets of 0.26 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 thyssenkrupp AG and its competitors.
Is thyssenkrupp AG's Scaled Net Operating Assets too high?
thyssenkrupp AG's current Scaled Net Operating Assets is 0.26. Overall, thyssenkrupp AG has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does thyssenkrupp AG's Scaled Net Operating Assets compare to HON and MMM?
thyssenkrupp AG's Scaled Net Operating Assets of 0.26 can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Scaled Net Operating Assets depends on the Conglomerates 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 thyssenkrupp AG and its competitors. thyssenkrupp AG's current Scaled Net Operating Assets is 0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is thyssenkrupp AG stock overvalued right now?
Based on GuruFocus' analysis, thyssenkrupp AG (MIL:1TKA) is currently considered Significantly Overvalued. The stock's GF Value™ is €4.27, compared to a current price of €10.05 — trading 135.2% above its estimated fair value. The current Scaled Net Operating Assets is 0.26. thyssenkrupp AG's overall GF Score™ is 50/100 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 thyssenkrupp AG (MIL:1TKA), the current Scaled Net Operating Assets is 0.26 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 thyssenkrupp AG (MIL:1TKA) Overvalued in 2026?

Based on GuruFocus' analysis, thyssenkrupp AG stock appears to be overvalued. The current stock price of €10.05 is trading 135.2% above its estimated GF Value™ of €4.27. GuruFocus considers thyssenkrupp AG to be Significantly Overvalued.

Key valuation signals for MIL:1TKA:

  • Scaled Net Operating Assets: 0.26
  • GF Value™: €4.27 vs. price of €10.05 (135.2% above fair value)
  • GF Score™: 50/100 with 3 warning signs

No single metric tells the full story. See the MIL:1TKA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

thyssenkrupp AG Business Description

Address ThyssenKrupp Allee 1, Essen, NW, DEU, 45143
thyssenkrupp AG is a diversified industrial group with steel operations and capital goods and services businesses. Its segment includes Materials Services, Decarbon Technologies, Automotive Technology, Steel Europe, and Marine Systems. Automotive Technology is one of the German suppliers and engineering partners to the international automotive industry. Decarbon Technologies covers the businesses of Rothe Erde, Uhde, Polysius, and the majority investment in thyssenkrupp Nucera. Material Services includes the distribution of mill-independent materials, distributors, and services. Steel Europe concentrates on the market for high-quality flat carbon steel. Marine Systems is a supplier for submarine and surface vessel construction. it generates the majority of Revenue from Materials Services.
50GF Score

Get the complete analysis for MIL:1TKA

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

€10.05
Price
€4.27
GF Value