Sesa SpA (MIL:SES) Scaled Net Operating Assets: 0.20 (As of Jan. 2026)


MIL:SES Sesa SpA MIL:SES
95 GF Score
Price €88.60
GF Value €107.75
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Sesa SpA Scaled Net Operating Assets?

Sesa SpA MIL:SES +2.07% 95 Scaled Net Operating Assets is 0.20 as of Jan. 2026. GuruFocus rates MIL:SES with a GF Score™ of 95/100 and a GF Value™ of €107.75 (Modestly Undervalued). 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.

Sesa SpA's operating assets for the quarter that ended in Jan. 2026 was €2,006 Mil. Sesa SpA's operating liabilities for the quarter that ended in Jan. 2026 was €1,577 Mil. Sesa SpA's Total Assets for the quarter that ended in Oct. 2025 was €2,178 Mil. Therefore, Sesa SpA's scaled net operating assets (SNOA) for the quarter that ended in Jan. 2026 was 0.20.

Sesa SpA Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Sesa 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.

Sesa SpA Scaled Net Operating Assets Chart

Sesa SpA Annual Data
Trend Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.13 0.11 0.15 0.16 0.19

Sesa SpA Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26
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 0.24 0.17 0.20 0.21 0.20

MIL:SES vs IBM, ACN, FISV: Scaled Net Operating Assets Comparison

For the Information Technology Services subindustry, Sesa 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.

Sesa SpA Scaled Net Operating Assets vs Software Industry

For the Software industry and Technology sector, Sesa SpA's Scaled Net Operating Assets distribution charts can be found below:

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


MIL:SES
95GF Score
Sesa SpA MIL:SES
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Sesa 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.

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

Scaled Net Operating Assets (SNOA)(A: Apr. 2025 )
=(Operating Assets (A: Apr. 2025 )-Operating Liabilities (A: Apr. 2025 ))/Total Assets (A: Apr. 2024 )
=(1666.451-1266.884)/2121.654
=0.19

where

Operating Assets(A: Apr. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2243.336 - 576.885
=1666.451

Operating Liabilities(A: Apr. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1742.558 - 255.807 - 219.867
=1266.884

Sesa SpA's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jan. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jan. 2026 )
=(Operating Assets (Q: Jan. 2026 )-Operating Liabilities (Q: Jan. 2026 ))/Total Assets (Q: Oct. 2025 )
=(2005.994-1576.905)/2178.145
=0.20

where

Operating Assets(Q: Jan. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2521.769 - 515.775
=2005.994

Operating Liabilities(Q: Jan. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2010.362 - 184.735 - 248.722
=1576.905

* 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 0.20 mean?
Sesa SpA (MIL:SES) has a Scaled Net Operating Assets of 0.20 as of Jan. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Sesa SpA and its competitors.
Is Sesa SpA's Scaled Net Operating Assets too high?
Sesa SpA's current Scaled Net Operating Assets is 0.20. Overall, Sesa SpA has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sesa SpA's Scaled Net Operating Assets compare to IBM and ACN?
Sesa SpA's Scaled Net Operating Assets of 0.20 can be compared against companies in the Software 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 Software company?
A good Scaled Net Operating Assets depends on the Software 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 Sesa SpA and its competitors. Sesa SpA's current Scaled Net Operating Assets is 0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sesa SpA stock overvalued right now?
Based on GuruFocus' analysis, Sesa SpA (MIL:SES) is currently considered Modestly Undervalued. The stock's GF Value™ is €107.75, compared to a current price of €88.60 — trading 17.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.20. Sesa SpA's overall GF Score™ is 95/100 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 Sesa SpA (MIL:SES), the current Scaled Net Operating Assets is 0.20 as of Jan. 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 Sesa SpA (MIL:SES) Overvalued in 2026?

Based on GuruFocus' analysis, Sesa SpA stock appears to be undervalued. The current stock price of €88.60 is trading 17.8% below its estimated GF Value™ of €107.75. GuruFocus considers Sesa SpA to be Modestly Undervalued.

Key valuation signals for MIL:SES:

  • Scaled Net Operating Assets: 0.20
  • GF Value™: €107.75 vs. price of €88.60 (17.8% below fair value)
  • GF Score™: 95/100 with 6 warning signs

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

Sesa SpA Business Description

Address Via Piovola No. 138, Empoli, ITA, 50053
Sesa SpA and its subsidiaries are in the business of the distribution of value-added IT solutions and products. The firm functions through the Business Services Sector, Value Added Distribution, Corporate Sector, and the Software and System Integration segment. The activities of these segments include the distribution of software and hardware technologies, the supply of IT services and solutions, administrative and financial services, organization, planning, and control, management of information technologies, human resources, general, corporate, and legal affairs, activities related to logistics services and cloud computing.
95GF 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.

€88.60
Price
€107.75
GF Value