Merus Power Oyj (OHEL:MERUS) Scaled Net Operating Assets: 0.45 (As of Dec. 2025)

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OHEL:MERUS Merus Power Oyj OHEL:MERUS
80 GF Score
Price €5.10
GF Value €9.50
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Merus Power Oyj Scaled Net Operating Assets?

Merus Power Oyj OHEL:MERUS +2.00% 80 Scaled Net Operating Assets is 0.45 as of Dec. 2025. GuruFocus rates OHEL:MERUS with a GF Score™ of 80/100 and a GF Value™ of €9.50 (Significantly 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.

Merus Power Oyj's operating assets for the quarter that ended in Dec. 2025 was €23.80 Mil. Merus Power Oyj's operating liabilities for the quarter that ended in Dec. 2025 was €10.53 Mil. Merus Power Oyj's Total Assets for the quarter that ended in Jun. 2025 was €29.56 Mil. Therefore, Merus Power Oyj's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.45.


Merus Power Oyj Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Merus Power Oyj'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.

Merus Power Oyj Scaled Net Operating Assets Chart

Merus Power Oyj Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.94 0.56 0.55 0.40 0.50

Merus Power Oyj Semi-Annual Data
Dec18 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 0.61 0.21 0.30 0.37 0.45

OHEL:MERUS vs GEV, ETN, PH: Scaled Net Operating Assets Comparison

For the Specialty Industrial Machinery subindustry, Merus Power Oyj'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.


Merus Power Oyj Scaled Net Operating Assets vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Merus Power Oyj's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Merus Power Oyj's Scaled Net Operating Assets falls into.


OHEL:MERUS
80GF Score
Merus Power Oyj OHEL:MERUS
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Merus Power Oyj 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.

Merus Power Oyj'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 )
=(23.796-10.525)/26.711
=0.50

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=28.834 - 5.038
=23.796

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=18.433 - 5.525 - 2.383
=10.525

Merus Power Oyj'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 )
=(23.796-10.525)/29.562
=0.45

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=28.834 - 5.038
=23.796

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=18.433 - 5.525 - 2.383
=10.525

* 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 0.45 mean?
Merus Power Oyj (OHEL:MERUS) has a Scaled Net Operating Assets of 0.45 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 Merus Power Oyj and its competitors.
Is Merus Power Oyj's Scaled Net Operating Assets too high?
Merus Power Oyj's current Scaled Net Operating Assets is 0.45. Overall, Merus Power Oyj has a GF Score™ of 80/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Merus Power Oyj's Scaled Net Operating Assets compare to GEV and ETN?
Merus Power Oyj's Scaled Net Operating Assets of 0.45 can be compared against companies in the Industrial Products 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 Industrial Products company?
A good Scaled Net Operating Assets depends on the Industrial Products 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 Merus Power Oyj and its competitors. Merus Power Oyj's current Scaled Net Operating Assets is 0.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merus Power Oyj stock overvalued right now?
Based on GuruFocus' analysis, Merus Power Oyj (OHEL:MERUS) is currently considered Significantly Undervalued. The stock's GF Value™ is €9.50, compared to a current price of €5.10 — trading 46.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.45. Merus Power Oyj's overall GF Score™ is 80/100 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 Merus Power Oyj (OHEL:MERUS), the current Scaled Net Operating Assets is 0.45 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 Merus Power Oyj (OHEL:MERUS) Overvalued in 2026?

Based on GuruFocus' analysis, Merus Power Oyj stock appears to be undervalued. The current stock price of €5.10 is trading 46.3% below its estimated GF Value™ of €9.50. GuruFocus considers Merus Power Oyj to be Significantly Undervalued.

Key valuation signals for OHEL:MERUS:

  • Scaled Net Operating Assets: 0.45
  • GF Value™: €9.50 vs. price of €5.10 (46.3% below fair value)
  • GF Score™: 80/100 with 5 warning signs

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


Merus Power Oyj Business Description

Other Exchanges 99H:Germany
Address Pallotie 2, Ylojarvi, FIN, 33470
Merus Power Oyj Is engaged in the design, manufacturing and sale of domestic electricity storage, power quality solutions and services. Its business is based on scalable and modular power electronics, intelligent software technologies and electrical engineering expertise. The Company's business operations have been divided into two technological areas: Energy storage solutions and Energy quality solutions.
80GF Score

Get the complete analysis for OHEL:MERUS

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

€5.10
Price
€9.50
GF Value