AF Gruppen ASA (STU:AF8) Scaled Net Operating Assets: 0.19 (As of Mar. 2026)


STU:AF8 AF Gruppen ASA STU:AF8
75 GF Score
Price €16.94
GF Value €13.87
Valuation Modestly Overvalued
! 3 Warning Signs
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What is AF Gruppen ASA Scaled Net Operating Assets?

AF Gruppen ASA STU:AF8 -1.05% 75 Scaled Net Operating Assets is 0.19 as of Mar. 2026. GuruFocus rates STU:AF8 with a GF Score™ of 75/100 and a GF Value™ of €13.87 (Modestly 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.

AF Gruppen ASA's operating assets for the quarter that ended in Mar. 2026 was €1,283 Mil. AF Gruppen ASA's operating liabilities for the quarter that ended in Mar. 2026 was €1,008 Mil. AF Gruppen ASA's Total Assets for the quarter that ended in Dec. 2025 was €1,444 Mil. Therefore, AF Gruppen ASA's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.19.


AF Gruppen ASA Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for AF Gruppen ASA'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.

AF Gruppen ASA Scaled Net Operating Assets Chart

AF Gruppen ASA 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 0.31 0.26 0.25 0.20

AF Gruppen ASA 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 0.26 0.27 0.23 0.18 0.19

STU:AF8 vs PWR, FIX, EME: Scaled Net Operating Assets Comparison

For the Engineering & Construction subindustry, AF Gruppen ASA'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.


AF Gruppen ASA Scaled Net Operating Assets vs Construction Industry

For the Construction industry and Industrials sector, AF Gruppen ASA's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where AF Gruppen ASA's Scaled Net Operating Assets falls into.


STU:AF8
75GF Score
AF Gruppen ASA STU:AF8
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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AF Gruppen ASA 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.

AF Gruppen ASA'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 )
=(1242.186-983.289)/1276.948
=0.20

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1444.218 - 202.032
=1242.186

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1110.625 - 96.326 - 31.01
=983.289

AF Gruppen ASA'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 )
=(1283.09-1008.06)/1444.218
=0.19

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1550.598 - 267.508
=1283.09

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1142.664 - 105.14 - 29.464
=1008.06

* 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 0.19 mean?
AF Gruppen ASA (STU:AF8) has a Scaled Net Operating Assets of 0.19 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 AF Gruppen ASA and its competitors.
Is AF Gruppen ASA's Scaled Net Operating Assets too high?
AF Gruppen ASA's current Scaled Net Operating Assets is 0.19. Overall, AF Gruppen ASA has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AF Gruppen ASA's Scaled Net Operating Assets compare to PWR and FIX?
AF Gruppen ASA's Scaled Net Operating Assets of 0.19 can be compared against companies in the Construction 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 Construction company?
A good Scaled Net Operating Assets depends on the Construction 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 AF Gruppen ASA and its competitors. AF Gruppen ASA's current Scaled Net Operating Assets is 0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AF Gruppen ASA stock overvalued right now?
Based on GuruFocus' analysis, AF Gruppen ASA (STU:AF8) is currently considered Modestly Overvalued. The stock's GF Value™ is €13.87, compared to a current price of €16.94 — trading 22.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.19. AF Gruppen ASA's overall GF Score™ is 75/100 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 AF Gruppen ASA (STU:AF8), the current Scaled Net Operating Assets is 0.19 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 AF Gruppen ASA (STU:AF8) Overvalued in 2026?

Based on GuruFocus' analysis, AF Gruppen ASA stock appears to be overvalued. The current stock price of €16.94 is trading 22.1% above its estimated GF Value™ of €13.87. GuruFocus considers AF Gruppen ASA to be Modestly Overvalued.

Key valuation signals for STU:AF8:

  • Scaled Net Operating Assets: 0.19
  • GF Value™: €13.87 vs. price of €16.94 (22.1% above fair value)
  • GF Score™: 75/100 with 3 warning signs

No single metric tells the full story. See the STU:AF8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AF Gruppen ASA Business Description

Address Innspurten 15, P.O. box 6272, Oslo, NOR, 0603
AF Gruppen ASA A is one of Norway's contracting and industrial groups. The company provides services in areas of civil engineering and services geared toward environmental, building, and energy markets. The company conducts projects related to roads, railways, ports, power, and energy development. For buildings and property development, its services span the entire value chain, and resources are utilized for planning and execution. The majority of revenue comes from traditional building activities, including new projects and rehabilitation ventures. Environmental services revolve around demolition, removal, and environmental clean-up of buildings and industrial plants.
75GF Score

Get the complete analysis for STU:AF8

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

€16.94
Price
€13.87
GF Value