Kobenhavns Lufthavne (OCSE:KBHL) Scaled Net Operating Assets: 0.86 (As of Mar. 2026)


OCSE:KBHL Kobenhavns Lufthavne OCSE:KBHL
77 GF Score
Price kr5,640.00
GF Value kr7,437.37
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Kobenhavns Lufthavne Scaled Net Operating Assets?

Kobenhavns Lufthavne OCSE:KBHL +0.71% 77 Scaled Net Operating Assets is 0.86 as of Mar. 2026. GuruFocus rates OCSE:KBHL with a GF Score™ of 77/100 and a GF Value™ of kr7,437.37 (Modestly Undervalued). The stock has 3 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.

Kobenhavns Lufthavne's operating assets for the quarter that ended in Mar. 2026 was kr17,622 Mil. Kobenhavns Lufthavne's operating liabilities for the quarter that ended in Mar. 2026 was kr2,646 Mil. Kobenhavns Lufthavne's Total Assets for the quarter that ended in Dec. 2025 was kr17,467 Mil. Therefore, Kobenhavns Lufthavne's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.86.


Kobenhavns Lufthavne Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Kobenhavns Lufthavne'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.

Kobenhavns Lufthavne Scaled Net Operating Assets Chart

Kobenhavns Lufthavne 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 0.95 0.84 0.86 0.87 0.90

Kobenhavns Lufthavne 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 0.85 0.86 0.85 0.86 0.86

OCSE:KBHL vs JOBY, CAAP: Scaled Net Operating Assets Comparison

For the Airports & Air Services subindustry, Kobenhavns Lufthavne'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.


Kobenhavns Lufthavne Scaled Net Operating Assets vs Transportation Industry

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

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


OCSE:KBHL
77GF Score
Kobenhavns Lufthavne OCSE:KBHL
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Kobenhavns Lufthavne 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.

Kobenhavns Lufthavne'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 )
=(17413-2901)/16115
=0.90

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=17467 - 54
=17413

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=11959 - 5888 - 3170
=2901

Kobenhavns Lufthavne'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 )
=(17622-2646)/17467
=0.86

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=17700 - 78
=17622

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=11986 - 5795 - 3545
=2646

* 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 0.86 mean?
Kobenhavns Lufthavne (OCSE:KBHL) has a Scaled Net Operating Assets of 0.86 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 Kobenhavns Lufthavne and its competitors.
Is Kobenhavns Lufthavne's Scaled Net Operating Assets too high?
Kobenhavns Lufthavne's current Scaled Net Operating Assets is 0.86. Overall, Kobenhavns Lufthavne has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kobenhavns Lufthavne's Scaled Net Operating Assets compare to JOBY and CAAP?
Kobenhavns Lufthavne's Scaled Net Operating Assets of 0.86 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 Kobenhavns Lufthavne and its competitors. Kobenhavns Lufthavne's current Scaled Net Operating Assets is 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kobenhavns Lufthavne stock overvalued right now?
Based on GuruFocus' analysis, Kobenhavns Lufthavne (OCSE:KBHL) is currently considered Modestly Undervalued. The stock's GF Value™ is kr7,437.37, compared to a current price of kr5,640.00 — trading 24.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.86. Kobenhavns Lufthavne's overall GF Score™ is 77/100 with 3 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 Kobenhavns Lufthavne (OCSE:KBHL), the current Scaled Net Operating Assets is 0.86 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 Kobenhavns Lufthavne (OCSE:KBHL) Overvalued in 2026?

Based on GuruFocus' analysis, Kobenhavns Lufthavne stock appears to be undervalued. The current stock price of kr5,640.00 is trading 24.2% below its estimated GF Value™ of kr7,437.37. GuruFocus considers Kobenhavns Lufthavne to be Modestly Undervalued.

Key valuation signals for OCSE:KBHL:

  • Scaled Net Operating Assets: 0.86
  • GF Value™: kr7,437.37 vs. price of kr5,640.00 (24.2% below fair value)
  • GF Score™: 77/100 with 3 warning signs

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


Kobenhavns Lufthavne Business Description

Address Lufthavnsboulevarden 6, Kastrup, DNK, 2770
Kobenhavns Lufthavne owns and operates Airports in Denmark. The company manages the infrastructure, buildings, and other services in the Kastrup and Roskilde airports. Copenhagen Airports divides its activities into two areas; Aeronautical and Non-aeronautical. Its majority of revenues are derived from the Aeronautical segment which comprises the operations and functions that the airports at Kastrup and Roskilde make available so that airlines can operate their flights, including facilities required for passengers to pass through these airports. The Non-aeronautical segment comprises the other facilities and services provided at the airports for passengers and others, including car-parking facilities, shops, restaurants, rest areas, lounges, and hotels.
77GF Score

Get the complete analysis for OCSE:KBHL

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

kr5,640.00
Price
kr7,437.37
GF Value