PN (PN Smart Energy) Scaled Net Operating Assets: 0.43 (As of Sep. 2025)

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PN PN Smart Energy Ltd PN
18 GF Score
Price $3.88
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What is PN Smart Energy Scaled Net Operating Assets?

PN Smart Energy PN -1.55% 18 Scaled Net Operating Assets is 0.43 as of Sep. 2025. GuruFocus rates PN with a GF Score™ of 18/100. The stock has 2 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.

PN Smart Energy's operating assets for the quarter that ended in Sep. 2025 was $36.15 Mil. PN Smart Energy's operating liabilities for the quarter that ended in Sep. 2025 was $17.20 Mil. PN Smart Energy's Total Assets for the quarter that ended in Mar. 2025 was $43.99 Mil. Therefore, PN Smart Energy's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2025 was 0.43.


PN Smart Energy Scaled Net Operating Assets Historical Data

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The historical data trend for PN Smart Energy'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.

PN Smart Energy Scaled Net Operating Assets Chart

PN Smart Energy Annual Data
Trend Sep21 Sep22 Sep23 Sep24 Sep25
Scaled Net Operating Assets
0.54 0.57 0.46 0.56 0.59

PN Smart Energy Semi-Annual Data
Sep21 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
Scaled Net Operating Assets Get a 7-Day Free Trial 0.00 0.59 0.55 0.67 0.43

PN vs SPRU, ASTI, FTCI: Scaled Net Operating Assets Comparison

For the Solar subindustry, PN Smart Energy'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.


PN Smart Energy Scaled Net Operating Assets vs Semiconductors Industry

For the Semiconductors industry and Technology sector, PN Smart Energy's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where PN Smart Energy's Scaled Net Operating Assets falls into.


PN
18GF Score
PN Smart Energy Ltd PN
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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PN Smart Energy 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.

PN Smart Energy's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Sep. 2025 )
=(Operating Assets (A: Sep. 2025 )-Operating Liabilities (A: Sep. 2025 ))/Total Assets (A: Sep. 2024 )
=(36.151-17.2)/31.952
=0.59

where

Operating Assets(A: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=45.494 - 9.343
=36.151

Operating Liabilities(A: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=23.017 - 1.297 - 4.52
=17.2

PN Smart Energy's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2025 )
=(Operating Assets (Q: Sep. 2025 )-Operating Liabilities (Q: Sep. 2025 ))/Total Assets (Q: Mar. 2025 )
=(36.151-17.2)/43.991
=0.43

where

Operating Assets(Q: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=45.494 - 9.343
=36.151

Operating Liabilities(Q: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=23.017 - 1.297 - 4.52
=17.2

* 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 0.43 mean?
PN Smart Energy (PN) has a Scaled Net Operating Assets of 0.43 as of Sep. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on PN Smart Energy and its competitors.
Is PN Smart Energy's Scaled Net Operating Assets too high?
PN Smart Energy's current Scaled Net Operating Assets is 0.43. Overall, PN Smart Energy has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does PN Smart Energy's Scaled Net Operating Assets compare to SPRU and ASTI?
PN Smart Energy's Scaled Net Operating Assets of 0.43 can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Scaled Net Operating Assets depends on the Semiconductors 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 PN Smart Energy and its competitors. PN Smart Energy's current Scaled Net Operating Assets is 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PN Smart Energy stock overvalued right now?
PN Smart Energy (PN) has a current Scaled Net Operating Assets of 0.43. The current Scaled Net Operating Assets is 0.43. PN Smart Energy's overall GF Score™ is 18/100 with 2 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 PN Smart Energy (PN), the current Scaled Net Operating Assets is 0.43 as of Sep. 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.

PN Smart Energy Business Description

Address No.188 Jinghua Road, Room 303, Block B, Yinzhou District, Zhejiang Province, Ningbo, CHN, 315048
PN Smart Energy Ltd is a solar photovoltaic (PV) product provider focused on manufacturing and selling solar cables and connectors. The company operates as an independent power provider (IPP) focused on the development of clean power stations, critical energy materials, and intelligent energy infrastructure. Through its PNTECH brand, the company also manufactures photovoltaic cables and connectors, serving customers across various countries and regions.
18GF Score

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