Piquadro SpA (MIL:PQ) Scaled Net Operating Assets: 0.62 (As of Sep. 2025)


MIL:PQ Piquadro SpA MIL:PQ
80 GF Score
Price €2.71
GF Value €2.19
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Piquadro SpA Scaled Net Operating Assets?

Piquadro SpA MIL:PQ -0.37% 80 Scaled Net Operating Assets is 0.62 as of Sep. 2025. GuruFocus rates MIL:PQ with a GF Score™ of 80/100 and a GF Value™ of €2.19 (Modestly Overvalued). The stock has 6 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.

Piquadro SpA's operating assets for the quarter that ended in Sep. 2025 was €169.2 Mil. Piquadro SpA's operating liabilities for the quarter that ended in Sep. 2025 was €51.2 Mil. Piquadro SpA's Total Assets for the quarter that ended in Mar. 2025 was €189.0 Mil. Therefore, Piquadro SpA's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2025 was 0.62.

Piquadro SpA Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Piquadro 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.

Piquadro SpA Scaled Net Operating Assets Chart

Piquadro SpA Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.44 0.36 0.45 0.53 0.60

Piquadro SpA Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.47 0.51 0.52 0.62 0.58

MIL:PQ vs NKE, DECK, ONON: Scaled Net Operating Assets Comparison

For the Footwear & Accessories subindustry, Piquadro 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.

Piquadro SpA Scaled Net Operating Assets vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Piquadro SpA's Scaled Net Operating Assets distribution charts can be found below:

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


MIL:PQ
80GF Score
Piquadro SpA MIL:PQ
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Piquadro 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.

Piquadro SpA's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2025 )
=(Operating Assets (A: Mar. 2025 )-Operating Liabilities (A: Mar. 2025 ))/Total Assets (A: Mar. 2024 )
=(156.413-60.587)/179.943
=0.53

where

Operating Assets(A: Mar. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=189.025 - 32.612
=156.413

Operating Liabilities(A: Mar. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=120.187 - 21.351 - 38.249
=60.587

Piquadro SpA's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2025 )
=(Operating Assets (Q: Sep. 2025 )-Operating Liabilities (Q: Sep. 2025 ))/Total Assets (Q: Mar. 2025 )
=(169.178-51.208)/189.025
=0.62

where

Operating Assets(Q: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=196.085 - 26.907
=169.178

Operating Liabilities(Q: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=129.431 - 32.703 - 45.52
=51.208

* 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 0.62 mean?
Piquadro SpA (MIL:PQ) has a Scaled Net Operating Assets of 0.62 as of Sep. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Piquadro SpA and its competitors.
Is Piquadro SpA's Scaled Net Operating Assets too high?
Piquadro SpA's current Scaled Net Operating Assets is 0.62. Overall, Piquadro SpA has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Piquadro SpA's Scaled Net Operating Assets compare to NKE and DECK?
Piquadro SpA's Scaled Net Operating Assets of 0.62 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Scaled Net Operating Assets depends on the Manufacturing - Apparel & Accessories 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 Piquadro SpA and its competitors. Piquadro SpA's current Scaled Net Operating Assets is 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Piquadro SpA stock overvalued right now?
Based on GuruFocus' analysis, Piquadro SpA (MIL:PQ) is currently considered Modestly Overvalued. The stock's GF Value™ is €2.19, compared to a current price of €2.71 — trading 23.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.62. Piquadro SpA's overall GF Score™ is 80/100 with 6 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 Piquadro SpA (MIL:PQ), the current Scaled Net Operating Assets is 0.62 as of Sep. 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 Piquadro SpA (MIL:PQ) Overvalued in 2026?

Based on GuruFocus' analysis, Piquadro SpA stock appears to be overvalued. The current stock price of €2.71 is trading 23.7% above its estimated GF Value™ of €2.19. GuruFocus considers Piquadro SpA to be Modestly Overvalued.

Key valuation signals for MIL:PQ:

  • Scaled Net Operating Assets: 0.62
  • GF Value™: €2.19 vs. price of €2.71 (23.7% above fair value)
  • GF Score™: 80/100 with 6 warning signs

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

Piquadro SpA Business Description

Other Exchanges 0HPP:UK4LZ:Germany
Address Localita Sassuriano, 246, Silla di Gaggio Montano, Bologna, ITA, 40041
Piquadro SpA operates in the leather goods market. It is engaged in the design, manufacturing, and marketing of leather goods. The company's product portfolio includes bags and briefcases, women's purses, small leather articles such as wallets, billfolds, key holders, etc., sneakers, jackets, and others. The products are marketed through Piquadro, The Bridge, and Lancel brands which are also the company's reportable segments. Maximum revenue is generated from the Piquadro segment. Geographically, the company derives maximum revenue from Europe (excluding Italy) followed by Italy, and other regions.
80GF 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.

€2.71
Price
€2.19
GF Value