Voim ASA (STU:E2M) Scaled Net Operating Assets: 0.23 (As of Dec. 2025)


STU:E2M Voim ASA STU:E2M
35 GF Score
Price €0.02
GF Value €0.08
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Voim ASA Scaled Net Operating Assets?

Voim ASA STU:E2M 35 Scaled Net Operating Assets is 0.23 as of Dec. 2025. GuruFocus rates STU:E2M with a GF Score™ of 35/100 and a GF Value™ of €0.08 (Possible Value Trap). 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.

Voim ASA's operating assets for the quarter that ended in Dec. 2025 was €6.35 Mil. Voim ASA's operating liabilities for the quarter that ended in Dec. 2025 was €1.20 Mil. Voim ASA's Total Assets for the quarter that ended in Sep. 2025 was €22.66 Mil. Therefore, Voim ASA's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.23.


Voim ASA Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Voim 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.

Voim ASA Scaled Net Operating Assets Chart

Voim 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 0.37 0.59 0.28 0.62 0.18

Voim ASA Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.53 0.63 0.64 0.45 0.23

STU:E2M vs SLB, BKR, HAL: Scaled Net Operating Assets Comparison

For the Oil & Gas Equipment & Services subindustry, Voim 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.


Voim ASA Scaled Net Operating Assets vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Voim ASA's Scaled Net Operating Assets distribution charts can be found below:

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


STU:E2M
35GF Score
Voim ASA STU:E2M
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Voim 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.

Voim 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 )
=(6.352-1.198)/28.466
=0.18

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=9.013 - 2.661
=6.352

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=18.264 - 16.923 - 0.143
=1.198

Voim ASA's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Sep. 2025 )
=(6.352-1.198)/22.662
=0.23

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=9.013 - 2.661
=6.352

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=18.264 - 16.923 - 0.143
=1.198

* 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 0.23 mean?
Voim ASA (STU:E2M) has a Scaled Net Operating Assets of 0.23 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Voim ASA and its competitors.
Is Voim ASA's Scaled Net Operating Assets too high?
Voim ASA's current Scaled Net Operating Assets is 0.23. Overall, Voim ASA has a GF Score™ of 35/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Voim ASA's Scaled Net Operating Assets compare to SLB and BKR?
Voim ASA's Scaled Net Operating Assets of 0.23 can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good Scaled Net Operating Assets depends on the Oil & Gas 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 Voim ASA and its competitors. Voim ASA's current Scaled Net Operating Assets is 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Voim ASA stock overvalued right now?
Based on GuruFocus' analysis, Voim ASA (STU:E2M) is currently considered Possible Value Trap. The stock's GF Value™ is €0.08, compared to a current price of €0.02 — trading 78.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.23. Voim ASA's overall GF Score™ is 35/100 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 Voim ASA (STU:E2M), the current Scaled Net Operating Assets is 0.23 as of Dec. 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.

Is Voim ASA (STU:E2M) Overvalued in 2026?

Based on GuruFocus' analysis, Voim ASA stock appears to be undervalued. The current stock price of €0.02 is trading 78.3% below its estimated GF Value™ of €0.08. GuruFocus considers Voim ASA to be Possible Value Trap.

Key valuation signals for STU:E2M:

  • Scaled Net Operating Assets: 0.23
  • GF Value™: €0.08 vs. price of €0.02 (78.3% below fair value)
  • GF Score™: 35/100 with 6 warning signs

No single metric tells the full story. See the STU:E2M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Voim ASA Business Description

Industry EnergyOil & Gas
Other Exchanges EMGS:Norway0J5B:UK
Address Karenslyst Alle 4, 4th Floor, Oslo, NOR, 0278
ElectroMagnetic GeoServices ASA is a company engaged in offering electromagnetic services. The company uses the electromagnetic survey method to locate hydrocarbons in offshore reservoirs. The company's focus is on planning, acquisition, processing, modeling, interpretation, and integration of electromagnetic data. Oil and gas companies, as well as other customers, utilize its services to determine whether an offshore area is suitable for the commercial production of hydrocarbons. The company operates in Europe, the Middle East, and Africa, Norway, North and South America, Asia, and the Pacific Ocean. The majority of their revenue is generated from Asia and the Pacific Ocean. It makes money through proprietary contract sales and multi-client sales.
35GF Score

Get the complete analysis for STU:E2M

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

€0.02
Price
€0.08
GF Value