Argo Defence Group AB (NGM:ARGO) Scaled Net Operating Assets: 1.02 (As of Dec. 2025)

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NGM:ARGO Argo Defence Group AB NGM:ARGO
11 GF Score
Price kr15.90
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What is Argo Defence Group AB Scaled Net Operating Assets?

Argo Defence Group AB NGM:ARGO -3.40% 11 Scaled Net Operating Assets is 1.02 as of Dec. 2025. GuruFocus rates NGM:ARGO with a GF Score™ of 11/100.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Argo Defence Group AB's operating assets for the quarter that ended in Dec. 2025 was kr141.4 Mil. Argo Defence Group AB's operating liabilities for the quarter that ended in Dec. 2025 was kr26.9 Mil. Argo Defence Group AB's Total Assets for the quarter that ended in Dec. 2024 was kr112.4 Mil. Therefore, Argo Defence Group AB's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 1.02.

Argo Defence Group AB Scaled Net Operating Assets Historical Data

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The historical data trend for Argo Defence Group AB'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.

Argo Defence Group AB Scaled Net Operating Assets Chart

Argo Defence Group AB Annual Data
Trend Dec23 Dec24 Dec25
Scaled Net Operating Assets
0.83 0.72 1.02

Argo Defence Group AB Semi-Annual Data
Dec23 Dec24 Dec25
Scaled Net Operating Assets 0.83 0.72 1.02

NGM:ARGO vs SPCX, GE, RTX: Scaled Net Operating Assets Comparison

For the Aerospace & Defense subindustry, Argo Defence Group AB'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.

Argo Defence Group AB Scaled Net Operating Assets vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Argo Defence Group AB's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Argo Defence Group AB's Scaled Net Operating Assets falls into.


NGM:ARGO
11GF Score
Argo Defence Group AB NGM:ARGO
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Argo Defence Group AB 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.

Argo Defence Group AB'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 )
=(141.444-26.864)/112.364
=1.02

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=177.73 - 36.286
=141.444

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=50.543 - 20.152 - 3.527
=26.864

Argo Defence Group AB'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 )
=(141.444-26.864)/112.364
=1.02

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=177.73 - 36.286
=141.444

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=50.543 - 20.152 - 3.527
=26.864

* 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 1.02 mean?
Argo Defence Group AB (NGM:ARGO) has a Scaled Net Operating Assets of 1.02 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 Argo Defence Group AB and its competitors.
Is Argo Defence Group AB's Scaled Net Operating Assets too high?
Argo Defence Group AB's current Scaled Net Operating Assets is 1.02. Overall, Argo Defence Group AB has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Argo Defence Group AB's Scaled Net Operating Assets compare to SPCX and GE?
Argo Defence Group AB's Scaled Net Operating Assets of 1.02 can be compared against companies in the Aerospace & Defense 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 an Aerospace & Defense company?
A good Scaled Net Operating Assets depends on the Aerospace & Defense 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 Argo Defence Group AB and its competitors. Argo Defence Group AB's current Scaled Net Operating Assets is 1.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Argo Defence Group AB stock overvalued right now?
Argo Defence Group AB (NGM:ARGO) has a current Scaled Net Operating Assets of 1.02. The current Scaled Net Operating Assets is 1.02. Argo Defence Group AB's overall GF Score™ is 11/100. 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 Argo Defence Group AB (NGM:ARGO), the current Scaled Net Operating Assets is 1.02 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.

Argo Defence Group AB Business Description

Address Munkbrogatan 2, Stockholm, SWE, 111 27
Argo Defence Group AB is a defence company. The company is focused on providing materiel, technology, and system solutions to strengthen military and civil defence sectors. The company operates in three areas namely, Defence Materiel, Counter-Explosive Risk Solutions, and Airfield Operations. The Defence Materiel develops equipment and systems for national defence and civil protection; Counter-Explosive Risk Solutions handles mine clearance, risk management, and safe munitions destruction; and Airfield Operations builds technical systems for airports and high-security sites.
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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr15.90
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