ADF Group (STU:4QM) Scaled Net Operating Assets: 0.53 (As of Apr. 2026)


STU:4QM ADF Group Inc STU:4QM
49 GF Score
Price €10.90
GF Value €6.04
Valuation Significantly Overvalued
! 5 Warning Signs
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What is ADF Group Scaled Net Operating Assets?

ADF Group STU:4QM +0.93% 49 Scaled Net Operating Assets is 0.53 as of Apr. 2026. GuruFocus rates STU:4QM with a GF Score™ of 49/100 and a GF Value™ of €6.04 (Significantly 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.

ADF Group's operating assets for the quarter that ended in Apr. 2026 was €176.7 Mil. ADF Group's operating liabilities for the quarter that ended in Apr. 2026 was €68.8 Mil. ADF Group's Total Assets for the quarter that ended in Jan. 2026 was €203.1 Mil. Therefore, ADF Group's scaled net operating assets (SNOA) for the quarter that ended in Apr. 2026 was 0.53.

ADF Group Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for ADF Group'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.

ADF Group Scaled Net Operating Assets Chart

ADF Group Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.79 0.83 0.51 0.46 0.49

ADF Group Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.42 0.52 0.61 0.52 0.53

STU:4QM vs CRS, ATI, MLI: Scaled Net Operating Assets Comparison

For the Metal Fabrication subindustry, ADF Group'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.

ADF Group Scaled Net Operating Assets vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, ADF Group's Scaled Net Operating Assets distribution charts can be found below:

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


STU:4QM
49GF Score
ADF Group Inc STU:4QM
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ADF Group 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.

ADF Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jan. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jan. 2026 )
=(Operating Assets (A: Jan. 2026 )-Operating Liabilities (A: Jan. 2026 ))/Total Assets (A: Jan. 2025 )
=(164.346-63.923)/206.705
=0.49

where

Operating Assets(A: Jan. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=203.11 - 38.764
=164.346

Operating Liabilities(A: Jan. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=89.648 - 22.533 - 3.192
=63.923

ADF Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Apr. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Apr. 2026 )
=(Operating Assets (Q: Apr. 2026 )-Operating Liabilities (Q: Apr. 2026 ))/Total Assets (Q: Jan. 2026 )
=(176.714-68.765)/203.11
=0.53

where

Operating Assets(Q: Apr. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=215.333 - 38.619
=176.714

Operating Liabilities(Q: Apr. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=93.757 - 21.773 - 3.219
=68.765

* 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 0.53 mean?
ADF Group (STU:4QM) has a Scaled Net Operating Assets of 0.53 as of Apr. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on ADF Group and its competitors.
Is ADF Group's Scaled Net Operating Assets too high?
ADF Group's current Scaled Net Operating Assets is 0.53. Overall, ADF Group has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ADF Group's Scaled Net Operating Assets compare to CRS and ATI?
ADF Group's Scaled Net Operating Assets of 0.53 can be compared against companies in the Industrial Products 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 Industrial Products company?
A good Scaled Net Operating Assets depends on the Industrial Products 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 ADF Group and its competitors. ADF Group's current Scaled Net Operating Assets is 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ADF Group stock overvalued right now?
Based on GuruFocus' analysis, ADF Group (STU:4QM) is currently considered Significantly Overvalued. The stock's GF Value™ is €6.04, compared to a current price of €10.90 — trading 80.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.53. ADF Group's overall GF Score™ is 49/100 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 ADF Group (STU:4QM), the current Scaled Net Operating Assets is 0.53 as of Apr. 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 ADF Group (STU:4QM) Overvalued in 2026?

Based on GuruFocus' analysis, ADF Group stock appears to be overvalued. The current stock price of €10.90 is trading 80.5% above its estimated GF Value™ of €6.04. GuruFocus considers ADF Group to be Significantly Overvalued.

Key valuation signals for STU:4QM:

  • Scaled Net Operating Assets: 0.53
  • GF Value™: €6.04 vs. price of €10.90 (80.5% above fair value)
  • GF Score™: 49/100 with 5 warning signs

No single metric tells the full story. See the STU:4QM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

ADF Group Business Description

Address 300 Henry-Bessemer Street, Terrebonne, QC, CAN, J6Y 1T3
ADF Group Inc involves in the design and engineering of connections, fabrication, including industrial coating, and the installation of steel structures and steel built-ups, as well as miscellaneous and architectural metalwork. The company's products and services are intended for the five principal segments of the non-residential construction industry: Office towers and high-rises, Commercial and recreational buildings, Airport facilities, Industrial complexes, and Transport infrastructures and energy. It serves the client base in the non-residential construction industry, such as general contractors, project owners, engineering firms and project architects, and other steel structure fabricators in the United States and Canada.
49GF Score

Get the complete analysis for STU:4QM

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

€10.90
Price
€6.04
GF Value