Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
KME Group SpA's operating assets for the quarter that ended in Dec. 2025 was €1,970 Mil. KME Group SpA's operating liabilities for the quarter that ended in Dec. 2025 was €1,275 Mil. KME Group SpA's Total Assets for the quarter that ended in Jun. 2025 was €2,070 Mil. Therefore, KME Group SpA's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.34.
KME Group SpA Scaled Net Operating Assets Related Terms
KME Group SpA Scaled Net Operating Assets Historical Data
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The historical data trend for KME Group 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.
MIL:KME vs SCCO, FCX: Scaled Net Operating Assets Comparison
For the Copper subindustry, KME Group 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.
KME Group SpA Scaled Net Operating Assets vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, KME Group SpA's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where KME Group SpA's Scaled Net Operating Assets falls into.
* 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 0.34 mean?
KME Group SpA (MIL:KME) has a Scaled Net Operating Assets of 0.34 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 KME Group SpA and its competitors.
Is KME Group SpA's Scaled Net Operating Assets too high?
KME Group SpA's current Scaled Net Operating Assets is 0.34. Overall, KME Group SpA has a GF Score™ of 41/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does KME Group SpA's Scaled Net Operating Assets compare to SCCO and FCX?
KME Group SpA's Scaled Net Operating Assets of 0.34 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 KME Group SpA and its competitors. KME Group SpA's current Scaled Net Operating Assets is 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KME Group SpA stock overvalued right now?
Based on GuruFocus' analysis, KME Group SpA (MIL:KME) is currently considered Possible Value Trap. The stock's GF Value™ is €1,294.15, compared to a current price of €0.88 — trading 99.9% below its estimated fair value. The current Scaled Net Operating Assets is 0.34. KME Group SpA's overall GF Score™ is 41/100 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 KME Group SpA (MIL:KME), the current Scaled Net Operating Assets is 0.34 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 KME Group SpA (MIL:KME) Overvalued in 2026?
Based on GuruFocus' analysis, KME Group SpA stock appears to be undervalued.
The current stock price of €0.88 is trading 99.9% below its estimated GF Value™ of €1,294.15.
GuruFocus considers KME Group SpA to be Possible Value Trap.
Key valuation signals for MIL:KME:
Scaled Net Operating Assets: 0.34
GF Value™: €1,294.15 vs. price of €0.88 (99.9% below fair value)
No single metric tells the full story. See the MIL:KME stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KME Group SpA is a diversified investment holding company. It invests in copper sector and financial and real estate assets sector. The copper sector includes the production and marketing of copper and copper-alloy semi-finished products. The financial and real estate assets sector includes the private equity activity, carried out mainly through the closed-ended investment fund, and the management of receivables. The company generates the majority of the revenue from the copper sector.
41GF 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.
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