Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Pallas Air's operating assets for the quarter that ended in Dec. 2025 was €6.63 Mil. Pallas Air's operating liabilities for the quarter that ended in Dec. 2025 was €-18.93 Mil. Pallas Air's Total Assets for the quarter that ended in Jun. 2025 was €14.41 Mil. Therefore, Pallas Air's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 1.77.
Pallas Air Scaled Net Operating Assets Related Terms
Pallas Air Scaled Net Operating Assets Historical Data
* Premium members only.
The historical data trend for Pallas Air'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.
OHEL:PALLAS vs AAPL: Scaled Net Operating Assets Comparison
For the Consumer Electronics subindustry, Pallas Air'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.
Pallas Air Scaled Net Operating Assets vs Hardware Industry
For the Hardware industry and Technology sector, Pallas Air's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Pallas Air's Scaled Net Operating Assets falls into.
* 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 1.77 mean?
Pallas Air (OHEL:PALLAS) has a Scaled Net Operating Assets of 1.77 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 Pallas Air and its competitors.
Is Pallas Air's Scaled Net Operating Assets too high?
Pallas Air's current Scaled Net Operating Assets is 1.77. Overall, Pallas Air has a GF Score™ of 44/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Pallas Air's Scaled Net Operating Assets compare to AAPL?
Pallas Air's Scaled Net Operating Assets of 1.77 can be compared against companies in the Hardware 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 Hardware company?
A good Scaled Net Operating Assets depends on the Hardware 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 Pallas Air and its competitors. Pallas Air's current Scaled Net Operating Assets is 1.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pallas Air stock overvalued right now?
Based on GuruFocus' analysis, Pallas Air (OHEL:PALLAS) is currently considered Possible Value Trap. The stock's GF Value™ is €1.09, compared to a current price of €0.54 — trading 50.5% below its estimated fair value. The current Scaled Net Operating Assets is 1.77. Pallas Air's overall GF Score™ is 44/100 with 9 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 Pallas Air (OHEL:PALLAS), the current Scaled Net Operating Assets is 1.77 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 Pallas Air (OHEL:PALLAS) Overvalued in 2026?
Based on GuruFocus' analysis, Pallas Air stock appears to be undervalued.
The current stock price of €0.54 is trading 50.5% below its estimated GF Value™ of €1.09.
GuruFocus considers Pallas Air to be Possible Value Trap.
Key valuation signals for OHEL:PALLAS:
Scaled Net Operating Assets: 1.77
GF Value™: €1.09 vs. price of €0.54 (50.5% below fair value)
No single metric tells the full story. See the OHEL:PALLAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pallas Air PLC is a Finnish technology company offering clean breathing air solutions. It is engaged in the development and manufacturing of various types of products that enable cleaner and healthier breathing air. The company's business is divided into three primary areas: air purifiers, respirators and surgical mouthguards, and ventilation hygiene products.
44GF Score
Get the complete analysis for OHEL:PALLAS
Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
OHEL:PALLAS has been successfully added to your 
