Trophy Games Development AS (OCSE:TGAMES) Scaled Net Operating Assets: 0.61 (As of Dec. 2025)


OCSE:TGAMES Trophy Games Development AS OCSE:TGAMES
91 GF Score
Price kr13.85
GF Value kr13.64
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Trophy Games Development AS Scaled Net Operating Assets?

Trophy Games Development AS OCSE:TGAMES +0.36% 91 Scaled Net Operating Assets is 0.61 as of Dec. 2025. GuruFocus rates OCSE:TGAMES with a GF Score™ of 91/100 and a GF Value™ of kr13.64 (Fairly Valued). 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.

Trophy Games Development AS's operating assets for the quarter that ended in Dec. 2025 was kr61.5 Mil. Trophy Games Development AS's operating liabilities for the quarter that ended in Dec. 2025 was kr18.5 Mil. Trophy Games Development AS's Total Assets for the quarter that ended in Jun. 2025 was kr70.1 Mil. Therefore, Trophy Games Development AS's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.61.


Trophy Games Development AS Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Trophy Games Development 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.

Trophy Games Development AS Scaled Net Operating Assets Chart

Trophy Games Development AS Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 1.83 0.32 0.46 0.54 0.63

Trophy Games Development AS Semi-Annual Data
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 0.43 0.65 0.45 0.52 0.61

OCSE:TGAMES vs NTES, EA, TTWO: Scaled Net Operating Assets Comparison

For the Electronic Gaming & Multimedia subindustry, Trophy Games Development 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.


Trophy Games Development AS Scaled Net Operating Assets vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Trophy Games Development AS's Scaled Net Operating Assets distribution charts can be found below:

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


OCSE:TGAMES
91GF Score
Trophy Games Development AS OCSE:TGAMES
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Trophy Games Development 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.

Trophy Games Development 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 )
=(61.548-18.473)/68.188
=0.63

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=84.597 - 23.049
=61.548

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=18.477 - 0 - 0.004
=18.473

Trophy Games Development 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 )
=(61.548-18.473)/70.107
=0.61

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=84.597 - 23.049
=61.548

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=18.477 - 0 - 0.004
=18.473

* 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?
Trophy Games Development AS (OCSE:TGAMES) 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 Trophy Games Development AS and its competitors.
Is Trophy Games Development AS's Scaled Net Operating Assets too high?
Trophy Games Development AS's current Scaled Net Operating Assets is 0.61. Overall, Trophy Games Development AS has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Trophy Games Development AS's Scaled Net Operating Assets compare to NTES and EA?
Trophy Games Development AS's Scaled Net Operating Assets of 0.61 can be compared against companies in the Interactive Media 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 Interactive Media company?
A good Scaled Net Operating Assets depends on the Interactive Media 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 Trophy Games Development AS and its competitors. Trophy Games Development 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 Trophy Games Development AS stock overvalued right now?
Based on GuruFocus' analysis, Trophy Games Development AS (OCSE:TGAMES) is currently considered Fairly Valued. The stock's GF Value™ is kr13.64, compared to a current price of kr13.85 — trading 1.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.61. Trophy Games Development AS's overall GF Score™ is 91/100 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 Trophy Games Development AS (OCSE:TGAMES), 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 Trophy Games Development AS (OCSE:TGAMES) Overvalued in 2026?

Based on GuruFocus' analysis, Trophy Games Development AS stock appears to be overvalued. The current stock price of kr13.85 is trading 1.5% above its estimated GF Value™ of kr13.64. GuruFocus considers Trophy Games Development AS to be Fairly Valued.

Key valuation signals for OCSE:TGAMES:

  • Scaled Net Operating Assets: 0.61
  • GF Value™: kr13.64 vs. price of kr13.85 (1.5% above fair value)
  • GF Score™: 91/100 with 2 warning signs

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


Trophy Games Development AS Business Description

Other Exchanges 4H7:Germany
Address Mikkel Bryggers Gade 4, 2nd Floor, Copenhagen, DNK, 1460
Trophy Games Development AS is a Denmark-based company that develops and publishes mobile and pc games. Its game studio provides endless entertainment and challenging gameplay for all players. The company offers games for mobile, Steam, and browser.
91GF Score

Get the complete analysis for OCSE:TGAMES

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

kr13.85
Price
kr13.64
GF Value