PKX (POSCO Holdings) Scaled Net Operating Assets: 0.75 (As of Mar. 2026)


PKX POSCO Holdings Inc PKX
76 GF Score
Price $51.38
GF Value $55.25
Valuation Fairly Valued
! 6 Warning Signs
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What is POSCO Holdings Scaled Net Operating Assets?

POSCO Holdings PKX -3.62% 76 Scaled Net Operating Assets is 0.75 as of Mar. 2026. GuruFocus rates PKX with a GF Score™ of 76/100 and a GF Value™ of $55.25 (Fairly Valued). 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.

POSCO Holdings's operating assets for the quarter that ended in Mar. 2026 was $62,695 Mil. POSCO Holdings's operating liabilities for the quarter that ended in Mar. 2026 was $8,907 Mil. POSCO Holdings's Total Assets for the quarter that ended in Dec. 2025 was $71,851 Mil. Therefore, POSCO Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.75.


POSCO Holdings Scaled Net Operating Assets Historical Data

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The historical data trend for POSCO 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.

POSCO Holdings Scaled Net Operating Assets Chart

POSCO Holdings 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 0.69 0.64 0.69 0.66 0.73

POSCO 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 0.71 0.76 0.73 0.71 0.75

PKX vs NUE, STLD, RS: Scaled Net Operating Assets Comparison

For the Steel subindustry, POSCO 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.


POSCO Holdings Scaled Net Operating Assets vs Steel Industry

For the Steel industry and Basic Materials sector, POSCO Holdings's Scaled Net Operating Assets distribution charts can be found below:

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


PKX
76GF Score
POSCO Holdings Inc PKX
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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POSCO 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.

POSCO 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 )
=(61210.572-8914.094)/71836.092
=0.73

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=71851.311 - 10640.739
=61210.572

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=29272.747 - 11966.253 - 8392.4
=8914.094

POSCO 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 )
=(62694.668-8906.819)/71851.311
=0.75

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=72689.927 - 9995.259
=62694.668

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=30158.963 - 12822.879 - 8429.265
=8906.819

* 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 0.75 mean?
POSCO Holdings (PKX) has a Scaled Net Operating Assets of 0.75 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 POSCO Holdings and its competitors.
Is POSCO Holdings' Scaled Net Operating Assets too high?
POSCO Holdings' current Scaled Net Operating Assets is 0.75. Overall, POSCO Holdings has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does POSCO Holdings' Scaled Net Operating Assets compare to NUE and STLD?
POSCO Holdings' Scaled Net Operating Assets of 0.75 can be compared against companies in the Steel 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 Steel company?
A good Scaled Net Operating Assets depends on the Steel 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 POSCO Holdings and its competitors. POSCO Holdings's current Scaled Net Operating Assets is 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is POSCO Holdings stock overvalued right now?
Based on GuruFocus' analysis, POSCO Holdings (PKX) is currently considered Fairly Valued. The stock's GF Value™ is $55.25, compared to a current price of $51.38 — trading 7% below its estimated fair value. The current Scaled Net Operating Assets is 0.75. POSCO Holdings' overall GF Score™ is 76/100 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 POSCO Holdings (PKX), the current Scaled Net Operating Assets is 0.75 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 POSCO Holdings (PKX) Overvalued in 2026?

Based on GuruFocus' analysis, POSCO Holdings stock appears to be undervalued. The current stock price of $51.38 is trading 7% below its estimated GF Value™ of $55.25. GuruFocus considers POSCO Holdings to be Fairly Valued.

Key valuation signals for PKX:

  • Scaled Net Operating Assets: 0.75
  • GF Value™: $55.25 vs. price of $51.38 (7% below fair value)
  • GF Score™: 76/100 with 6 warning signs

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


POSCO Holdings Business Description

Address POSCO Center, 440 Teheran-ro, Gangnam-gu, Seoul, KOR, 06194
POSCO Holdings Inc is a holding company operating through its subsidiaries. Its business is divided into segments, with the Steel segment generating the majority of revenue from the manufacture and sale of steel products. The Infrastructure segment includes trading, construction, and logistics and system integration activities. The Rechargeable Battery Materials segment focuses on EV battery materials such as lithium, nickel, and cathode and anode materials. The Others segment includes the controlling company and investment business. Geographically, the Group generates majority of its revenue from Asia (excluding China and Japan).
76GF 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.

$51.38
Price
$55.25
GF Value