A.b.p. Nocivelli SpA (MIL:ABP) Scaled Net Operating Assets: 0.14 (As of Dec. 2025)


MIL:ABP A.b.p. Nocivelli SpA MIL:ABP
87 GF Score
Price €5.75
GF Value €6.42
Valuation Modestly Undervalued
! 1 Warning Sign
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What is A.b.p. Nocivelli SpA Scaled Net Operating Assets?

A.b.p. Nocivelli SpA MIL:ABP +0.88% 87 Scaled Net Operating Assets is 0.14 as of Dec. 2025. GuruFocus rates MIL:ABP with a GF Score™ of 87/100 and a GF Value™ of €6.42 (Modestly Undervalued). The stock has 1 warning sign investors should review.

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

A.b.p. Nocivelli SpA's operating assets for the quarter that ended in Dec. 2025 was €49.27 Mil. A.b.p. Nocivelli SpA's operating liabilities for the quarter that ended in Dec. 2025 was €33.32 Mil. A.b.p. Nocivelli SpA's Total Assets for the quarter that ended in Jun. 2025 was €114.42 Mil. Therefore, A.b.p. Nocivelli SpA's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.14.


A.b.p. Nocivelli SpA Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for A.b.p. Nocivelli 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.

A.b.p. Nocivelli SpA Scaled Net Operating Assets Chart

A.b.p. Nocivelli SpA Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.24 0.23 0.30 0.30 0.20

A.b.p. Nocivelli SpA Semi-Annual Data
Jun19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 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 0.22 0.26 0.24 0.18 0.14

MIL:ABP vs PWR, FIX, EME: Scaled Net Operating Assets Comparison

For the Engineering & Construction subindustry, A.b.p. Nocivelli 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.


A.b.p. Nocivelli SpA Scaled Net Operating Assets vs Construction Industry

For the Construction industry and Industrials sector, A.b.p. Nocivelli SpA's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where A.b.p. Nocivelli SpA's Scaled Net Operating Assets falls into.


MIL:ABP
87GF Score
A.b.p. Nocivelli SpA MIL:ABP
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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A.b.p. Nocivelli 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.

A.b.p. Nocivelli SpA's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2025 )
=(Operating Assets (A: Jun. 2025 )-Operating Liabilities (A: Jun. 2025 ))/Total Assets (A: Jun. 2024 )
=(51.995-32.851)/97.636
=0.20

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=114.418 - 62.423
=51.995

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=32.851 - 0 - 0
=32.851

A.b.p. Nocivelli SpA'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: Jun. 2025 )
=(49.272-33.315)/114.418
=0.14

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=120.062 - 70.79
=49.272

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=33.315 - 0 - 0
=33.315

* 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 0.14 mean?
A.b.p. Nocivelli SpA (MIL:ABP) has a Scaled Net Operating Assets of 0.14 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 A.b.p. Nocivelli SpA and its competitors.
Is A.b.p. Nocivelli SpA's Scaled Net Operating Assets too high?
A.b.p. Nocivelli SpA's current Scaled Net Operating Assets is 0.14. Overall, A.b.p. Nocivelli SpA has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does A.b.p. Nocivelli SpA's Scaled Net Operating Assets compare to PWR and FIX?
A.b.p. Nocivelli SpA's Scaled Net Operating Assets of 0.14 can be compared against companies in the Construction 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 Construction company?
A good Scaled Net Operating Assets depends on the Construction 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 A.b.p. Nocivelli SpA and its competitors. A.b.p. Nocivelli SpA's current Scaled Net Operating Assets is 0.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is A.b.p. Nocivelli SpA stock overvalued right now?
Based on GuruFocus' analysis, A.b.p. Nocivelli SpA (MIL:ABP) is currently considered Modestly Undervalued. The stock's GF Value™ is €6.42, compared to a current price of €5.75 — trading 10.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.14. A.b.p. Nocivelli SpA's overall GF Score™ is 87/100 with 1 warning sign 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 A.b.p. Nocivelli SpA (MIL:ABP), the current Scaled Net Operating Assets is 0.14 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 A.b.p. Nocivelli SpA (MIL:ABP) Overvalued in 2026?

Based on GuruFocus' analysis, A.b.p. Nocivelli SpA stock appears to be undervalued. The current stock price of €5.75 is trading 10.4% below its estimated GF Value™ of €6.42. GuruFocus considers A.b.p. Nocivelli SpA to be Modestly Undervalued.

Key valuation signals for MIL:ABP:

  • Scaled Net Operating Assets: 0.14
  • GF Value™: €6.42 vs. price of €5.75 (10.4% below fair value)
  • GF Score™: 87/100 with 1 warning sign

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


A.b.p. Nocivelli SpA Business Description

Address Via Padana Superiore 67, Castegnato, ITA, 25045
A.b.p. Nocivelli SpA is engaged in designing, implementing, and managing public hospital infrastructures. The activities of the company are Construction of technologicalinstallations, Building and plant renovation, provision of SPECT-CT tomography, electrical and mechanical installations, and others. The projects of the company include Spedali Civili Hospital in Brescia.
87GF Score

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

€5.75
Price
€6.42
GF Value