Emak SpA (MIL:EM) Scaled Net Operating Assets: 0.75 (As of Mar. 2026)


MIL:EM Emak SpA MIL:EM
49 GF Score
Price €0.88
GF Value €0.97
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Emak SpA Scaled Net Operating Assets?

Emak SpA MIL:EM -1.35% 49 Scaled Net Operating Assets is 0.75 as of Mar. 2026. GuruFocus rates MIL:EM with a GF Score™ of 49/100 and a GF Value™ of €0.97 (Modestly Undervalued). The stock has 5 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.

Emak SpA's operating assets for the quarter that ended in Mar. 2026 was €681.0 Mil. Emak SpA's operating liabilities for the quarter that ended in Mar. 2026 was €161.8 Mil. Emak SpA's Total Assets for the quarter that ended in Dec. 2025 was €693.4 Mil. Therefore, Emak SpA's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.75.


Emak SpA Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Emak 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.

Emak SpA Scaled Net Operating Assets Chart

Emak 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 0.66 0.68 0.69 0.71 0.66

Emak SpA 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 0.74 0.69 0.68 0.69 0.75

MIL:EM vs SNA, RBC, LECO: Scaled Net Operating Assets Comparison

For the Tools & Accessories subindustry, Emak 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.


Emak SpA Scaled Net Operating Assets vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Emak SpA's Scaled Net Operating Assets distribution charts can be found below:

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


MIL:EM
49GF Score
Emak SpA MIL:EM
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Emak 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.

Emak 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 )
=(622.245-149.604)/715.514
=0.66

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=693.432 - 71.187
=622.245

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=411.805 - 173.84 - 88.361
=149.604

Emak SpA'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 )
=(680.952-161.83)/693.432
=0.75

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=750.176 - 69.224
=680.952

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=454.275 - 196.037 - 96.408
=161.83

* 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 0.75 mean?
Emak SpA (MIL:EM) has a Scaled Net Operating Assets of 0.75 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 Emak SpA and its competitors.
Is Emak SpA's Scaled Net Operating Assets too high?
Emak SpA's current Scaled Net Operating Assets is 0.75. Overall, Emak SpA has a GF Score™ of 49/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Emak SpA's Scaled Net Operating Assets compare to SNA and RBC?
Emak SpA's Scaled Net Operating Assets of 0.75 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Scaled Net Operating Assets depends on the Industrial Products 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 Emak SpA and its competitors. Emak SpA's current Scaled Net Operating Assets is 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emak SpA stock overvalued right now?
Based on GuruFocus' analysis, Emak SpA (MIL:EM) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.97, compared to a current price of €0.88 — trading 9.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.75. Emak SpA's overall GF Score™ is 49/100 with 5 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 Emak SpA (MIL:EM), the current Scaled Net Operating Assets is 0.75 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 Emak SpA (MIL:EM) Overvalued in 2026?

Based on GuruFocus' analysis, Emak SpA stock appears to be undervalued. The current stock price of €0.88 is trading 9.8% below its estimated GF Value™ of €0.97. GuruFocus considers Emak SpA to be Modestly Undervalued.

Key valuation signals for MIL:EM:

  • Scaled Net Operating Assets: 0.75
  • GF Value™: €0.97 vs. price of €0.88 (9.8% below fair value)
  • GF Score™: 49/100 with 5 warning signs

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


Emak SpA Business Description

Other Exchanges 0N9O:UKEK4:Germany
Address Via E. Fermi, 4, Reggio Emilia, Bagnolo in Piano, ITA, 42011
Emak SpA is engaged in the manufacturing and distribution of machines, parts, and accessories for gardening, forestry, agriculture, and industry. It operates through the following segments: Outdoor Power Equipment, Pumps and Water Jetting, and Components and Accessories. Maximum revenue is generated from the Pumps and Water Jetting segment, which offers membrane pumps for the agricultural sector, piston pumps for the industrial sector, professional and semi-professional high-pressure washers, hydrodynamic units, and urban cleaning machines. Geographically, the company generates maximum revenue from Europe, followed by the Americas, Asia, Africa, and Oceania.
49GF Score

Get the complete analysis for MIL:EM

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

€0.88
Price
€0.97
GF Value