PACK (Ranpak Holdings) Scaled Net Operating Assets: 0.81 (As of Mar. 2026)


PACK Ranpak Holdings Corp PACK
62 GF Score
Price $7.22
GF Value $5.90
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Ranpak Holdings Scaled Net Operating Assets?

Ranpak Holdings PACK -0.28% 62 Scaled Net Operating Assets is 0.81 as of Mar. 2026. GuruFocus rates PACK with a GF Score™ of 62/100 and a GF Value™ of $5.90 (Modestly Overvalued). 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.

Ranpak Holdings's operating assets for the quarter that ended in Mar. 2026 was $1,058.6 Mil. Ranpak Holdings's operating liabilities for the quarter that ended in Mar. 2026 was $152.9 Mil. Ranpak Holdings's Total Assets for the quarter that ended in Dec. 2025 was $1,124.9 Mil. Therefore, Ranpak Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.81.

Ranpak Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Ranpak Holdings'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.

Ranpak Holdings Scaled Net Operating Assets Chart

Ranpak Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only 0.83 0.78 0.83 0.80 0.82

Ranpak Holdings 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 0.82 0.82 0.81 0.80 0.81

PACK vs KRT, ORBS, MYE: Scaled Net Operating Assets Comparison

For the Packaging & Containers subindustry, Ranpak Holdings'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.

Ranpak Holdings Scaled Net Operating Assets vs Packaging & Containers Industry

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

* The bar in red indicates where Ranpak Holdings's Scaled Net Operating Assets falls into.


PACK
62GF Score
Ranpak Holdings Corp PACK
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Ranpak Holdings 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.

Ranpak Holdings'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 )
=(1061.9-160)/1104.2
=0.82

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1124.9 - 63
=1061.9

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=590 - 420.6 - 9.4
=160

Ranpak Holdings'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 )
=(1058.6-152.9)/1124.9
=0.81

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1107.1 - 48.5
=1058.6

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=582.6 - 419.5 - 10.2
=152.9

* 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 0.81 mean?
Ranpak Holdings (PACK) has a Scaled Net Operating Assets of 0.81 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 Ranpak Holdings and its competitors.
Is Ranpak Holdings' Scaled Net Operating Assets too high?
Ranpak Holdings' current Scaled Net Operating Assets is 0.81. Overall, Ranpak Holdings has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ranpak Holdings' Scaled Net Operating Assets compare to KRT and ORBS?
Ranpak Holdings' Scaled Net Operating Assets of 0.81 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 Ranpak Holdings and its competitors. Ranpak Holdings's current Scaled Net Operating Assets is 0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ranpak Holdings stock overvalued right now?
Based on GuruFocus' analysis, Ranpak Holdings (PACK) is currently considered Modestly Overvalued. The stock's GF Value™ is $5.90, compared to a current price of $7.22 — trading 22.4% above its estimated fair value. The current Scaled Net Operating Assets is 0.81. Ranpak Holdings' overall GF Score™ is 62/100 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 Ranpak Holdings (PACK), the current Scaled Net Operating Assets is 0.81 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 Ranpak Holdings (PACK) Overvalued in 2026?

Based on GuruFocus' analysis, Ranpak Holdings stock appears to be overvalued. The current stock price of $7.22 is trading 22.4% above its estimated GF Value™ of $5.90. GuruFocus considers Ranpak Holdings to be Modestly Overvalued.

Key valuation signals for PACK:

  • Scaled Net Operating Assets: 0.81
  • GF Value™: $5.90 vs. price of $7.22 (22.4% above fair value)
  • GF Score™: 62/100 with 5 warning signs

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

Ranpak Holdings Business Description

Other Exchanges 0ZA:Germany
Address 7990 Auburn Road, Concord Township, OH, USA, 44077
Ranpak Holdings Corp is a provider of environmentally sustainable, systems-based, product protection solutions for e-Commerce and industrial supply chains. The company offers a full suite of protective packaging systems and paper consumables. The group generates revenue by providing its PPS systems and paper consumables to customers, which include direct end-users and a network of exclusive paper packaging solution distributors, and by providing end-of-line automation systems that solve challenges, including optimization, customization, and efficiency. It has two segments, North America and Europe/Asia.
62GF 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.

$7.22
Price
$5.90
GF Value