Iniziative Bresciane SpA (MIL:IB) Scaled Net Operating Assets: 0.82 (As of Dec. 2025)


MIL:IB Iniziative Bresciane SpA MIL:IB
73 GF Score
Price €9.75
GF Value €13.98
Valuation Possible Value Trap
! 9 Warning Signs
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What is Iniziative Bresciane SpA Scaled Net Operating Assets?

Iniziative Bresciane SpA MIL:IB +1.56% 73 Scaled Net Operating Assets is 0.82 as of Dec. 2025. GuruFocus rates MIL:IB with a GF Score™ of 73/100 and a GF Value™ of €13.98 (Possible Value Trap). The stock has 9 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.

Iniziative Bresciane SpA's operating assets for the quarter that ended in Dec. 2025 was €198.05 Mil. Iniziative Bresciane SpA's operating liabilities for the quarter that ended in Dec. 2025 was €30.71 Mil. Iniziative Bresciane SpA's Total Assets for the quarter that ended in Jun. 2025 was €203.99 Mil. Therefore, Iniziative Bresciane SpA's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.82.


Iniziative Bresciane SpA Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Iniziative Bresciane 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.

Iniziative Bresciane SpA Scaled Net Operating Assets Chart

Iniziative Bresciane 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 1.03 0.88 0.84 0.82 0.82

Iniziative Bresciane SpA Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.86 0.84 0.84 0.85 0.82

Iniziative Bresciane SpA Scaled Net Operating Assets Competitor Comparison

For the Utilities - Renewable subindustry, Iniziative Bresciane 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.


Iniziative Bresciane SpA Scaled Net Operating Assets vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Iniziative Bresciane SpA's Scaled Net Operating Assets distribution charts can be found below:

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


MIL:IB
73GF Score
Iniziative Bresciane SpA MIL:IB
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Iniziative Bresciane 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.

Iniziative Bresciane 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 )
=(198.054-30.712)/204.394
=0.82

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=205.537 - 7.483
=198.054

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=131.172 - 76.366 - 24.094
=30.712

Iniziative Bresciane 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 )
=(198.054-30.712)/203.99
=0.82

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=205.537 - 7.483
=198.054

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=131.172 - 76.366 - 24.094
=30.712

* 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 0.82 mean?
Iniziative Bresciane SpA (MIL:IB) has a Scaled Net Operating Assets of 0.82 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 Iniziative Bresciane SpA and its competitors.
Is Iniziative Bresciane SpA's Scaled Net Operating Assets too high?
Iniziative Bresciane SpA's current Scaled Net Operating Assets is 0.82. Overall, Iniziative Bresciane SpA has a GF Score™ of 73/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Iniziative Bresciane SpA's Scaled Net Operating Assets compare to competitors?
Iniziative Bresciane SpA's Scaled Net Operating Assets of 0.82 can be compared against companies in the Utilities - Independent Power Producers 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 Utilities - Independent Power Producers company?
A good Scaled Net Operating Assets depends on the Utilities - Independent Power Producers 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 Iniziative Bresciane SpA and its competitors. Iniziative Bresciane SpA's current Scaled Net Operating Assets is 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Iniziative Bresciane SpA stock overvalued right now?
Based on GuruFocus' analysis, Iniziative Bresciane SpA (MIL:IB) is currently considered Possible Value Trap. The stock's GF Value™ is €13.98, compared to a current price of €9.75 — trading 30.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.82. Iniziative Bresciane SpA's overall GF Score™ is 73/100 with 9 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 Iniziative Bresciane SpA (MIL:IB), the current Scaled Net Operating Assets is 0.82 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 Iniziative Bresciane SpA (MIL:IB) Overvalued in 2026?

Based on GuruFocus' analysis, Iniziative Bresciane SpA stock appears to be undervalued. The current stock price of €9.75 is trading 30.3% below its estimated GF Value™ of €13.98. GuruFocus considers Iniziative Bresciane SpA to be Possible Value Trap.

Key valuation signals for MIL:IB:

  • Scaled Net Operating Assets: 0.82
  • GF Value™: €13.98 vs. price of €9.75 (30.3% below fair value)
  • GF Score™: 73/100 with 9 warning signs

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


Iniziative Bresciane SpA Business Description

Address Piazza Vittoria 19, Breno, Brescia, ITA, 25043
Iniziative Bresciane SpA is an engineering and construction company. The company design, constructs and operates small and medium-sized hydroelectric plants. The company operates in Italy and its hydroelectric plants are mainly located in the provinces of Brescia, Bergamo, and Cremona.
73GF Score

Get the complete analysis for MIL:IB

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

€9.75
Price
€13.98
GF Value