Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Reach Subsea ASA's operating assets for the quarter that ended in Mar. 2026 was kr2,926 Mil. Reach Subsea ASA's operating liabilities for the quarter that ended in Mar. 2026 was kr487 Mil. Reach Subsea ASA's Total Assets for the quarter that ended in Dec. 2025 was kr3,606 Mil. Therefore, Reach Subsea ASA's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.68.
Reach Subsea ASA Scaled Net Operating Assets Related Terms
Reach Subsea ASA Scaled Net Operating Assets Historical Data
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The historical data trend for Reach Subsea 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.
Reach Subsea ASA Scaled Net Operating Assets Chart
OSL:REACH vs SLB, BKR, HAL: Scaled Net Operating Assets Comparison
For the Oil & Gas Equipment & Services subindustry, Reach Subsea 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.
Reach Subsea ASA Scaled Net Operating Assets vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Reach Subsea ASA's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Reach Subsea ASA'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 0.68 mean?
Reach Subsea ASA (OSL:REACH) has a Scaled Net Operating Assets of 0.68 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 Reach Subsea ASA and its competitors.
Is Reach Subsea ASA's Scaled Net Operating Assets too high?
Reach Subsea ASA's current Scaled Net Operating Assets is 0.68. Overall, Reach Subsea ASA has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Reach Subsea ASA's Scaled Net Operating Assets compare to SLB and BKR?
Reach Subsea ASA's Scaled Net Operating Assets of 0.68 can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good Scaled Net Operating Assets depends on the Oil & Gas 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 Reach Subsea ASA and its competitors. Reach Subsea ASA's current Scaled Net Operating Assets is 0.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reach Subsea ASA stock overvalued right now?
Based on GuruFocus' analysis, Reach Subsea ASA (OSL:REACH) is currently considered Modestly Undervalued. The stock's GF Value™ is kr6.38, compared to a current price of kr4.88 — trading 23.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.68. Reach Subsea ASA's overall GF Score™ is 82/100 with 7 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 Reach Subsea ASA (OSL:REACH), the current Scaled Net Operating Assets is 0.68 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 Reach Subsea ASA (OSL:REACH) Overvalued in 2026?
Based on GuruFocus' analysis, Reach Subsea ASA stock appears to be undervalued.
The current stock price of kr4.88 is trading 23.5% below its estimated GF Value™ of kr6.38.
GuruFocus considers Reach Subsea ASA to be Modestly Undervalued.
Key valuation signals for OSL:REACH:
Scaled Net Operating Assets: 0.68
GF Value™: kr6.38 vs. price of kr4.88 (23.5% below fair value)
No single metric tells the full story. See the OSL:REACH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Reach Subsea ASA is a Norwegian subsea service provider. The services provided by the company include vessel fleet which comprises of edda fonn which is used for survey and light construction services, havila subsea, normand reach for complex offshore operations, viking neptun for cable installation and heavy lifting, and stril explorer. It two reportable segments namely Oil and Gas and Renewable and others. The company generates maximum revenue from the Oil and Gas segment. Geographically, the company has operated multiple regions, including Brazil, the U.S Gulf, the Caribbean, the Atlantic, the Mediterranean, West Africa including Ivory Coast, the Baltic, the Middle East, and the Asia-Pacific region, covering Singapore, Taiwan, Japan, Australia and Oceania.
82GF Score
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