Liquidity Services (STU:L1S) Scaled Net Operating Assets: 0.09 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STU:L1S Liquidity Services Inc STU:L1S
66 GF Score
Price €33.60
GF Value €22.89
! 7 Warning Signs
View Full Analysis

What is Liquidity Services Scaled Net Operating Assets?

Liquidity Services STU:L1S +1.82% 66 Scaled Net Operating Assets is 0.09 as of Mar. 2026. GuruFocus rates STU:L1S with a GF Score™ of 66/100 and a GF Value™ of €22.89. The stock has 7 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.

Liquidity Services's operating assets for the quarter that ended in Mar. 2026 was €169.9 Mil. Liquidity Services's operating liabilities for the quarter that ended in Mar. 2026 was €141.7 Mil. Liquidity Services's Total Assets for the quarter that ended in Dec. 2025 was €315.2 Mil. Therefore, Liquidity Services's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.09.


Liquidity Services Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Liquidity Services'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.

Liquidity Services Scaled Net Operating Assets Chart

Liquidity Services Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.22 0.33 0.17 0.14 0.09

Liquidity Services 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 0.18 0.15 0.08 0.13 0.09

STU:L1S vs TDUP, JMIA, RVLV: Scaled Net Operating Assets Comparison

For the Internet Retail subindustry, Liquidity Services'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.


Liquidity Services Scaled Net Operating Assets vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Liquidity Services's Scaled Net Operating Assets distribution charts can be found below:

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


STU:L1S
66GF Score
Liquidity Services Inc STU:L1S
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Liquidity Services 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.

Liquidity Services'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 )
=(161.268-134.672)/312.546
=0.09

where

Operating Assets(A: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=319.586 - 158.318
=161.268

Operating Liabilities(A: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=146.424 - 7.432 - 4.32
=134.672

Liquidity Services'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 )
=(169.88-141.692)/315.249
=0.09

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=346.356 - 176.476
=169.88

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=154.267 - 8.525 - 4.05
=141.692

* 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 0.09 mean?
Liquidity Services (STU:L1S) has a Scaled Net Operating Assets of 0.09 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 Liquidity Services and its competitors.
Is Liquidity Services' Scaled Net Operating Assets too high?
Liquidity Services' current Scaled Net Operating Assets is 0.09. Overall, Liquidity Services has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does Liquidity Services' Scaled Net Operating Assets compare to TDUP and JMIA?
Liquidity Services' Scaled Net Operating Assets of 0.09 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Scaled Net Operating Assets depends on the Retail - Cyclical 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 Liquidity Services and its competitors. Liquidity Services's current Scaled Net Operating Assets is 0.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Liquidity Services stock overvalued right now?
Liquidity Services (STU:L1S) has a current Scaled Net Operating Assets of 0.09. The stock's GF Value™ is €22.89, compared to a current price of €33.60 — trading 46.8% above its estimated fair value. The current Scaled Net Operating Assets is 0.09. Liquidity Services' overall GF Score™ is 66/100 with 7 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 Liquidity Services (STU:L1S), the current Scaled Net Operating Assets is 0.09 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 Liquidity Services (STU:L1S) Overvalued in 2026?

Based on GuruFocus' analysis, Liquidity Services stock appears to be overvalued. The current stock price of €33.60 is trading 46.8% above its estimated GF Value™ of €22.89.

Key valuation signals for STU:L1S:

  • Scaled Net Operating Assets: 0.09
  • GF Value™: €22.89 vs. price of €33.60 (46.8% above fair value)
  • GF Score™: 66/100 with 7 warning signs

No single metric tells the full story. See the STU:L1S stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Liquidity Services Business Description

Other Exchanges LQDT:USA
Address 6931 Arlington Road, Suite 460, Bethesda, MD, USA, 20814
Liquidity Services Inc is an online auction marketplace. It manages and sells inventory and equipment for business and government clients by operating a network of e-commerce marketplaces that enable buyers and sellers to transact in an efficient, automated environment offering across different product categories. The company has four reportable segments: GovDeals, Retail Supply Chain Group (RSCG), and Machinio & Software Solutions. It generates majority of its revenue from Retail Supply Chain Group (RSCG) segment which consists of marketplaces that enable corporations located in the United States and Canada to sell excess, returned, and overstocked consumer goods. Geographically, a substantial portion the company's revenue is generated from its business in United States.
66GF Score

Get the complete analysis for STU:L1S

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

€33.60
Price
€22.89
GF Value