Hexagon Composites ASA (OSL:HEX) Scaled Net Operating Assets: 0.80 (As of Dec. 2025)


OSL:HEX Hexagon Composites ASA OSL:HEX
71 GF Score
Price kr8.34
GF Value kr11.97
Valuation Possible Value Trap
! 6 Warning Signs
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What is Hexagon Composites ASA Scaled Net Operating Assets?

Hexagon Composites ASA OSL:HEX -2.23% 71 Scaled Net Operating Assets is 0.80 as of Dec. 2025. GuruFocus rates OSL:HEX with a GF Score™ of 71/100 and a GF Value™ of kr11.97 (Possible Value Trap). The stock has 6 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.

Hexagon Composites ASA's operating assets for the quarter that ended in Dec. 2025 was kr5,078 Mil. Hexagon Composites ASA's operating liabilities for the quarter that ended in Dec. 2025 was kr909 Mil. Hexagon Composites ASA's Total Assets for the quarter that ended in Sep. 2025 was kr5,240 Mil. Therefore, Hexagon Composites ASA's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.80.


Hexagon Composites ASA Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Hexagon Composites ASA'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.

Hexagon Composites ASA Scaled Net Operating Assets Chart

Hexagon Composites ASA 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 0.71 0.77 0.58 0.78 0.59

Hexagon Composites ASA Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.69 0.60 0.78 0.78 0.80

OSL:HEX vs SW, PKG, IP: Scaled Net Operating Assets Comparison

For the Packaging & Containers subindustry, Hexagon Composites ASA'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.


Hexagon Composites ASA Scaled Net Operating Assets vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Hexagon Composites ASA's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Hexagon Composites ASA's Scaled Net Operating Assets falls into.


OSL:HEX
71GF Score
Hexagon Composites ASA OSL:HEX
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Hexagon Composites ASA 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.

Hexagon Composites ASA'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 )
=(5077.618-909.496)/7077.472
=0.59

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5305.472 - 227.854
=5077.618

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2660.769 - 1696.785 - 54.488
=909.496

Hexagon Composites ASA'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: Sep. 2025 )
=(5077.618-909.496)/5239.67
=0.80

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5305.472 - 227.854
=5077.618

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2660.769 - 1696.785 - 54.488
=909.496

* 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 0.80 mean?
Hexagon Composites ASA (OSL:HEX) has a Scaled Net Operating Assets of 0.80 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 Hexagon Composites ASA and its competitors.
Is Hexagon Composites ASA's Scaled Net Operating Assets too high?
Hexagon Composites ASA's current Scaled Net Operating Assets is 0.80. Overall, Hexagon Composites ASA has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hexagon Composites ASA's Scaled Net Operating Assets compare to SW and PKG?
Hexagon Composites ASA's Scaled Net Operating Assets of 0.80 can be compared against companies in the Packaging & Containers 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 Packaging & Containers company?
A good Scaled Net Operating Assets depends on the Packaging & Containers 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 Hexagon Composites ASA and its competitors. Hexagon Composites ASA's current Scaled Net Operating Assets is 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hexagon Composites ASA stock overvalued right now?
Based on GuruFocus' analysis, Hexagon Composites ASA (OSL:HEX) is currently considered Possible Value Trap. The stock's GF Value™ is kr11.97, compared to a current price of kr8.34 — trading 30.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.80. Hexagon Composites ASA's overall GF Score™ is 71/100 with 6 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 Hexagon Composites ASA (OSL:HEX), the current Scaled Net Operating Assets is 0.80 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 Hexagon Composites ASA (OSL:HEX) Overvalued in 2026?

Based on GuruFocus' analysis, Hexagon Composites ASA stock appears to be undervalued. The current stock price of kr8.34 is trading 30.3% below its estimated GF Value™ of kr11.97. GuruFocus considers Hexagon Composites ASA to be Possible Value Trap.

Key valuation signals for OSL:HEX:

  • Scaled Net Operating Assets: 0.80
  • GF Value™: kr11.97 vs. price of kr8.34 (30.3% below fair value)
  • GF Score™: 71/100 with 6 warning signs

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


Hexagon Composites ASA Business Description

Address Korsegata 4B, P.O. Box 836, Sentrum, Aalesund, NOR, 6002
Hexagon Composites ASA is a supplier of clean energy technology for gas storage, distribution, fuel systems, and other related products. The operating segments of the company are Hexagon Agility, and Hexagon Digital Wave. Hexagon Agility segment offers natural gas fuel systems and delivery solutions for the mobility market. The Hexagon Digital Wave segment offers cylinder testing and monitoring technology. The company operates through Europe, North America, Southeast Asia, Africa, Oceania and Norway.
71GF Score

Get the complete analysis for OSL:HEX

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

kr8.34
Price
kr11.97
GF Value