Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Nano Labs's operating assets for the quarter that ended in Dec. 2025 was $105.20 Mil. Nano Labs's operating liabilities for the quarter that ended in Dec. 2025 was $20.31 Mil. Nano Labs's Total Assets for the quarter that ended in Jun. 2025 was $205.80 Mil. Therefore, Nano Labs's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.41.
Nano Labs Scaled Net Operating Assets Related Terms
Nano Labs Scaled Net Operating Assets Historical Data
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The historical data trend for Nano Labs'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.
NA vs SQNS, PXLW, PRKR: Scaled Net Operating Assets Comparison
For the Semiconductors subindustry, Nano Labs'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.
Nano Labs Scaled Net Operating Assets vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Nano Labs's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Nano Labs'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 0.41 mean?
Nano Labs (NA) has a Scaled Net Operating Assets of 0.41 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 Nano Labs and its competitors.
Is Nano Labs' Scaled Net Operating Assets too high?
Nano Labs' current Scaled Net Operating Assets is 0.41. Overall, Nano Labs has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nano Labs' Scaled Net Operating Assets compare to SQNS and PXLW?
Nano Labs' Scaled Net Operating Assets of 0.41 can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Scaled Net Operating Assets depends on the Semiconductors 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 Nano Labs and its competitors. Nano Labs's current Scaled Net Operating Assets is 0.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nano Labs stock overvalued right now?
Based on GuruFocus' analysis, Nano Labs (NA) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.89, compared to a current price of $1.72 — trading 93.3% above its estimated fair value. The current Scaled Net Operating Assets is 0.41. Nano Labs' overall GF Score™ is 43/100 with 10 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 Nano Labs (NA), the current Scaled Net Operating Assets is 0.41 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 Nano Labs (NA) Overvalued in 2026?
Based on GuruFocus' analysis, Nano Labs stock appears to be overvalued.
The current stock price of $1.72 is trading 93.3% above its estimated GF Value™ of $0.89.
GuruFocus considers Nano Labs to be Significantly Overvalued.
Key valuation signals for NA:
Scaled Net Operating Assets: 0.41
GF Value™: $0.89 vs. price of $1.72 (93.3% above fair value)
No single metric tells the full story. See the NA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nano Labs Ltd is a Web 3.0 infrastructure and product solution provider, as well as a crypto treasury company. It is focused on the development of HTC chips and HPC chips. In addition, the company has established BNB value investment and adopted BNB (a crypto token) as the primary reserve asset. Furthermore, it has launched the iPollo Claw, a dedicated hardware solution for the OpenClaw AI Agent Ecosystem. Nano Labs derives revenue mainly from its HTC and HPC offerings, which comprise Darkbird series HPC chips that feature high performance and high energy consumption efficiency, and Cuckoo series chips, used in GPUs. Geographically, the company generates maximum revenue from the People's Republic of China (PRC), and the rest from Singapore, Hong Kong, the United States, and other markets.
43GF Score
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