Cemat AS (OCSE:CEMAT) Scaled Net Operating Assets: 0.61 (As of Dec. 2025)


OCSE:CEMAT Cemat AS OCSE:CEMAT
72 GF Score
Price kr0.81
GF Value kr4.92
Valuation Possible Value Trap
! 2 Warning Signs
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What is Cemat AS Scaled Net Operating Assets?

Cemat AS OCSE:CEMAT -2.87% 72 Scaled Net Operating Assets is 0.61 as of Dec. 2025. GuruFocus rates OCSE:CEMAT with a GF Score™ of 72/100 and a GF Value™ of kr4.92 (Possible Value Trap). The stock has 2 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.

Cemat AS's operating assets for the quarter that ended in Dec. 2025 was kr322.9 Mil. Cemat AS's operating liabilities for the quarter that ended in Dec. 2025 was kr80.4 Mil. Cemat AS's Total Assets for the quarter that ended in Jun. 2025 was kr397.7 Mil. Therefore, Cemat AS's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.61.


Cemat AS Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Cemat AS'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.

Cemat AS Scaled Net Operating Assets Chart

Cemat AS 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 0.90 0.88 0.95 0.86 0.71

Cemat AS Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.90 0.84 0.72 0.68 0.61

OCSE:CEMAT vs CBRE, BEKE, JLL: Scaled Net Operating Assets Comparison

For the Real Estate Services subindustry, Cemat AS'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.


Cemat AS Scaled Net Operating Assets vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Cemat AS's Scaled Net Operating Assets distribution charts can be found below:

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


OCSE:CEMAT
72GF Score
Cemat AS OCSE:CEMAT
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cemat AS 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.

Cemat AS'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 )
=(322.923-80.44)/342.349
=0.71

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=363.412 - 40.489
=322.923

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=106.585 - 24.283 - 1.862
=80.44

Cemat AS'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: Jun. 2025 )
=(322.923-80.44)/397.741
=0.61

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=363.412 - 40.489
=322.923

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=106.585 - 24.283 - 1.862
=80.44

* 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 0.61 mean?
Cemat AS (OCSE:CEMAT) has a Scaled Net Operating Assets of 0.61 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 Cemat AS and its competitors.
Is Cemat AS's Scaled Net Operating Assets too high?
Cemat AS's current Scaled Net Operating Assets is 0.61. Overall, Cemat AS has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Cemat AS's Scaled Net Operating Assets compare to CBRE and BEKE?
Cemat AS's Scaled Net Operating Assets of 0.61 can be compared against companies in the Real Estate 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 Real Estate company?
A good Scaled Net Operating Assets depends on the Real Estate 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 Cemat AS and its competitors. Cemat AS's current Scaled Net Operating Assets is 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cemat AS stock overvalued right now?
Based on GuruFocus' analysis, Cemat AS (OCSE:CEMAT) is currently considered Possible Value Trap. The stock's GF Value™ is kr4.92, compared to a current price of kr0.81 — trading 83.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.61. Cemat AS's overall GF Score™ is 72/100 with 2 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 Cemat AS (OCSE:CEMAT), the current Scaled Net Operating Assets is 0.61 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 Cemat AS (OCSE:CEMAT) Overvalued in 2026?

Based on GuruFocus' analysis, Cemat AS stock appears to be undervalued. The current stock price of kr0.81 is trading 83.5% below its estimated GF Value™ of kr4.92. GuruFocus considers Cemat AS to be Possible Value Trap.

Key valuation signals for OCSE:CEMAT:

  • Scaled Net Operating Assets: 0.61
  • GF Value™: kr4.92 vs. price of kr0.81 (83.5% below fair value)
  • GF Score™: 72/100 with 2 warning signs

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


Cemat AS Business Description

Other Exchanges 1X9:Germany
Address c/o DLA Piper Denmark Law Firm P/S, Oslo Plads 2, Copenhagen V, DNK, 2100
Cemat AS is a Denmark-based holding company that engages in the real estate business. The Group comprises two segments that is Property management division comprising letting of premises and land and the provision of utilities to tenants, including power, water, natural gas, facility services, etc. and the other is Property development including the preparation and implementation of development projects, in the field of housing and commercial space. The company derives maximum revenue from Property Management & Holding Segment.
72GF Score

Get the complete analysis for OCSE:CEMAT

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr0.81
Price
kr4.92
GF Value