DSV AS (OCSE:DSV) Scaled Net Operating Assets: 0.71 (As of Mar. 2026)


OCSE:DSV DSV AS OCSE:DSV
96 GF Score
Price kr1,656.00
GF Value kr1,936.97
Valuation Modestly Undervalued
! 5 Warning Signs
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What is DSV AS Scaled Net Operating Assets?

DSV AS OCSE:DSV +3.21% 96 Scaled Net Operating Assets is 0.71 as of Mar. 2026. GuruFocus rates OCSE:DSV with a GF Score™ of 96/100 and a GF Value™ of kr1,936.97 (Modestly Undervalued). The stock has 5 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.

DSV AS's operating assets for the quarter that ended in Mar. 2026 was kr284,664 Mil. DSV AS's operating liabilities for the quarter that ended in Mar. 2026 was kr78,111 Mil. DSV AS's Total Assets for the quarter that ended in Dec. 2025 was kr290,373 Mil. Therefore, DSV AS's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.71.


DSV AS Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for DSV 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.

DSV AS Scaled Net Operating Assets Chart

DSV 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 1.07 0.63 0.66 0.79 0.87

DSV AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.47 0.87 0.68 0.68 0.71

OCSE:DSV vs UPS, FDX, JBHT: Scaled Net Operating Assets Comparison

For the Integrated Freight & Logistics subindustry, DSV 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.


DSV AS Scaled Net Operating Assets vs Transportation Industry

For the Transportation industry and Industrials sector, DSV AS's Scaled Net Operating Assets distribution charts can be found below:

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


OCSE:DSV
96GF Score
DSV AS OCSE:DSV
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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DSV 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.

DSV 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 )
=(279845-74748)/236545
=0.87

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=290373 - 10528
=279845

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=172683 - 81034 - 16901
=74748

DSV AS's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(284664-78111)/290373
=0.71

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=294978 - 10314
=284664

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=172567 - 72595 - 21861
=78111

* 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 0.71 mean?
DSV AS (OCSE:DSV) has a Scaled Net Operating Assets of 0.71 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on DSV AS and its competitors.
Is DSV AS's Scaled Net Operating Assets too high?
DSV AS's current Scaled Net Operating Assets is 0.71. Overall, DSV AS has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does DSV AS's Scaled Net Operating Assets compare to UPS and FDX?
DSV AS's Scaled Net Operating Assets of 0.71 can be compared against companies in the Transportation 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 Transportation company?
A good Scaled Net Operating Assets depends on the Transportation 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 DSV AS and its competitors. DSV AS's current Scaled Net Operating Assets is 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DSV AS stock overvalued right now?
Based on GuruFocus' analysis, DSV AS (OCSE:DSV) is currently considered Modestly Undervalued. The stock's GF Value™ is kr1,936.97, compared to a current price of kr1,656.00 — trading 14.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.71. DSV AS's overall GF Score™ is 96/100 with 5 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 DSV AS (OCSE:DSV), the current Scaled Net Operating Assets is 0.71 as of Mar. 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 DSV AS (OCSE:DSV) Overvalued in 2026?

Based on GuruFocus' analysis, DSV AS stock appears to be undervalued. The current stock price of kr1,656.00 is trading 14.5% below its estimated GF Value™ of kr1,936.97. GuruFocus considers DSV AS to be Modestly Undervalued.

Key valuation signals for OCSE:DSV:

  • Scaled Net Operating Assets: 0.71
  • GF Value™: kr1,936.97 vs. price of kr1,656.00 (14.5% below fair value)
  • GF Score™: 96/100 with 5 warning signs

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


DSV AS Business Description

Address Hovedgaden 630, Hedehusene, DNK, 2640
DSV is a Danish-listed transport and logistics company, offering transport services worldwide by road, air, and sea, with the bulk of its activities coming from airfreight and sea freight forwarding businesses. Since its founding in 1976, the company has experienced rapid growth, primarily through strategic acquisitions. Its most recent acquisition, DB Schenker, occurred in the second quarter of 2025, making DSV the largest sea freight forwarder.
96GF Score

Get the complete analysis for OCSE:DSV

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

kr1,656.00
Price
kr1,936.97
GF Value