OTGLF (CD Projekt Red) Scaled Net Operating Assets: 0.70 (As of Mar. 2026)

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OTGLF CD Projekt Red SA OTGLF
67 GF Score
Price $63.30
GF Value $41.78
Valuation Significantly Overvalued
! 3 Warning Signs
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What is CD Projekt Red Scaled Net Operating Assets?

CD Projekt Red OTGLF 67 Scaled Net Operating Assets is 0.70 as of Mar. 2026. GuruFocus rates OTGLF with a GF Score™ of 67/100 and a GF Value™ of $41.78 (Significantly Overvalued). The stock has 3 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.

CD Projekt Red's operating assets for the quarter that ended in Mar. 2026 was $715.7 Mil. CD Projekt Red's operating liabilities for the quarter that ended in Mar. 2026 was $61.8 Mil. CD Projekt Red's Total Assets for the quarter that ended in Dec. 2025 was $938.9 Mil. Therefore, CD Projekt Red's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.70.


CD Projekt Red Scaled Net Operating Assets Historical Data

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The historical data trend for CD Projekt Red'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.

CD Projekt Red Scaled Net Operating Assets Chart

CD Projekt Red 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 0.32 0.53 0.67 0.62 0.78

CD Projekt Red Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.57 0.56 0.65 0.71 0.70

OTGLF vs NTES, EA, TTWO: Scaled Net Operating Assets Comparison

For the Electronic Gaming & Multimedia subindustry, CD Projekt Red'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.


CD Projekt Red Scaled Net Operating Assets vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, CD Projekt Red's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where CD Projekt Red's Scaled Net Operating Assets falls into.


OTGLF
67GF Score
CD Projekt Red SA OTGLF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CD Projekt Red 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.

CD Projekt Red'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 )
=(679.611-50.231)/811.107
=0.78

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=938.915 - 259.304
=679.611

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=57.209 - 5.827 - 1.151
=50.231

CD Projekt Red's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(715.691-61.827)/938.915
=0.70

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=976.462 - 260.771
=715.691

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=61.827 - 0 - 0
=61.827

* 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 0.70 mean?
CD Projekt Red (OTGLF) has a Scaled Net Operating Assets of 0.70 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 CD Projekt Red and its competitors.
Is CD Projekt Red's Scaled Net Operating Assets too high?
CD Projekt Red's current Scaled Net Operating Assets is 0.70. Overall, CD Projekt Red has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CD Projekt Red's Scaled Net Operating Assets compare to NTES and EA?
CD Projekt Red's Scaled Net Operating Assets of 0.70 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 CD Projekt Red and its competitors. CD Projekt Red's current Scaled Net Operating Assets is 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CD Projekt Red stock overvalued right now?
Based on GuruFocus' analysis, CD Projekt Red (OTGLF) is currently considered Significantly Overvalued. The stock's GF Value™ is $41.78, compared to a current price of $63.30 — trading 51.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.70. CD Projekt Red's overall GF Score™ is 67/100 with 3 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 CD Projekt Red (OTGLF), the current Scaled Net Operating Assets is 0.70 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 CD Projekt Red (OTGLF) Overvalued in 2026?

Based on GuruFocus' analysis, CD Projekt Red stock appears to be overvalued. The current stock price of $63.30 is trading 51.5% above its estimated GF Value™ of $41.78. GuruFocus considers CD Projekt Red to be Significantly Overvalued.

Key valuation signals for OTGLF:

  • Scaled Net Operating Assets: 0.70
  • GF Value™: $41.78 vs. price of $63.30 (51.5% above fair value)
  • GF Score™: 67/100 with 3 warning signs

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


CD Projekt Red Business Description

Address ul. Jagiellonska 74, Building E, Warsaw, POL, 03-301
CD Projekt SA is the holding company of the CD Projekt capital group. The firm, with its subsidiary, develops and publishes video games for hardware platforms such as Steam, PlayStation Store, Xbox Games Store, Nintendo, App Store, Humble Bundle, Origin, and its own proprietary GOG.com platform. It is also involved in international digital video game distribution. The firm has CD Projekt Red and GOG.com segments. It derives the majority of its revenues from the CD Projekt Red segment.
67GF Score

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

$63.30
Price
$41.78
GF Value