NDTAF (Northern Data AG) Scaled Net Operating Assets: 0.76 (As of Dec. 2025)


NDTAF Northern Data AG NDTAF
48 GF Score
Price $9.30
GF Value $8.17
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Northern Data AG Scaled Net Operating Assets?

Northern Data AG NDTAF 48 Scaled Net Operating Assets is 0.76 as of Dec. 2025. GuruFocus rates NDTAF with a GF Score™ of 48/100 and a GF Value™ of $8.17 (Modestly Overvalued). The stock has 8 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.

Northern Data AG's operating assets for the quarter that ended in Dec. 2025 was $1,409.16 Mil. Northern Data AG's operating liabilities for the quarter that ended in Dec. 2025 was $85.83 Mil. Northern Data AG's Total Assets for the quarter that ended in Dec. 2024 was $1,737.48 Mil. Therefore, Northern Data AG's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.76.

Northern Data AG Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Northern Data AG'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.

Northern Data AG Scaled Net Operating Assets Chart

Northern Data AG 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 0.88 0.39 1.53 1.33 0.76

Northern Data AG Semi-Annual Data
Dec14 Dec15 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 Premium Member Only Premium Member Only 0.88 0.39 1.53 1.33 0.76

NDTAF vs IBM, ACN, FISV: Scaled Net Operating Assets Comparison

For the Information Technology Services subindustry, Northern Data AG'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.

Northern Data AG Scaled Net Operating Assets vs Software Industry

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

* The bar in red indicates where Northern Data AG's Scaled Net Operating Assets falls into.


NDTAF
48GF Score
Northern Data AG NDTAF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Northern Data AG 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.

Northern Data AG'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 )
=(1409.155-85.825)/1737.484
=0.76

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1476.574 - 67.419
=1409.155

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=958.76 - 838.412 - 34.523
=85.825

Northern Data AG'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: Dec. 2024 )
=(1409.155-85.825)/1737.484
=0.76

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1476.574 - 67.419
=1409.155

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=958.76 - 838.412 - 34.523
=85.825

* 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 0.76 mean?
Northern Data AG (NDTAF) has a Scaled Net Operating Assets of 0.76 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 Northern Data AG and its competitors.
Is Northern Data AG's Scaled Net Operating Assets too high?
Northern Data AG's current Scaled Net Operating Assets is 0.76. Overall, Northern Data AG has a GF Score™ of 48/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Northern Data AG's Scaled Net Operating Assets compare to IBM and ACN?
Northern Data AG's Scaled Net Operating Assets of 0.76 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 Northern Data AG and its competitors. Northern Data AG's current Scaled Net Operating Assets is 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Data AG stock overvalued right now?
Based on GuruFocus' analysis, Northern Data AG (NDTAF) is currently considered Modestly Overvalued. The stock's GF Value™ is $8.17, compared to a current price of $9.30 — trading 13.8% above its estimated fair value. The current Scaled Net Operating Assets is 0.76. Northern Data AG's overall GF Score™ is 48/100 with 8 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 Northern Data AG (NDTAF), the current Scaled Net Operating Assets is 0.76 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 Northern Data AG (NDTAF) Overvalued in 2026?

Based on GuruFocus' analysis, Northern Data AG stock appears to be overvalued. The current stock price of $9.30 is trading 13.8% above its estimated GF Value™ of $8.17. GuruFocus considers Northern Data AG to be Modestly Overvalued.

Key valuation signals for NDTAF:

  • Scaled Net Operating Assets: 0.76
  • GF Value™: $8.17 vs. price of $9.30 (13.8% above fair value)
  • GF Score™: 48/100 with 8 warning signs

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

Northern Data AG Business Description

Other Exchanges 1NB:ItalyNB2:Germany
Address An der Welle 3, Frankfurt, HE, DEU, 60322
Northern Data AG is a Business-to-Business technology company developing, using, and selling solutions on vertically integrated computing infrastructure. Its segment includes Peak Mining; Taiga Cloud and Ardent Data Centers. Geographically, it operates in Europe (excluding Germany), North America, and Germany. The company derives maximum revenue from Europe.
48GF 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.

$9.30
Price
$8.17
GF Value