LSI Industries (STU:LS2) Scaled Net Operating Assets: 1.68 (As of Mar. 2026)


STU:LS2 LSI Industries Inc STU:LS2
85 GF Score
Price €22.80
GF Value €16.86
Valuation Significantly Overvalued
! 8 Warning Signs
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What is LSI Industries Scaled Net Operating Assets?

LSI Industries STU:LS2 -1.72% 85 Scaled Net Operating Assets is 1.68 as of Mar. 2026. GuruFocus rates STU:LS2 with a GF Score™ of 85/100 and a GF Value™ of €16.86 (Significantly Overvalued). The stock has 8 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.

LSI Industries's operating assets for the quarter that ended in Mar. 2026 was €683.5 Mil. LSI Industries's operating liabilities for the quarter that ended in Mar. 2026 was €115.5 Mil. LSI Industries's Total Assets for the quarter that ended in Dec. 2025 was €338.4 Mil. Therefore, LSI Industries's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 1.68.

LSI Industries Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for LSI Industries'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.

LSI Industries Scaled Net Operating Assets Chart

LSI Industries Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.15 0.94 0.70 0.93 0.79

LSI Industries 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 0.82 0.72 0.75 0.74 1.68

STU:LS2 vs DAKT, KOPN, LPTH: Scaled Net Operating Assets Comparison

For the Electronic Components subindustry, LSI Industries'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.

LSI Industries Scaled Net Operating Assets vs Hardware Industry

For the Hardware industry and Technology sector, LSI Industries's Scaled Net Operating Assets distribution charts can be found below:

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


STU:LS2
85GF Score
LSI Industries Inc STU:LS2
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

LSI Industries 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.

LSI Industries's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2025 )
=(Operating Assets (A: Jun. 2025 )-Operating Liabilities (A: Jun. 2025 ))/Total Assets (A: Jun. 2024 )
=(340.649-85.832)/324.035
=0.79

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=343.646 - 2.997
=340.649

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=143.61 - 49.448 - 8.33
=85.832

LSI Industries'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 )
=(683.537-115.546)/338.445
=1.68

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=692.475 - 8.938
=683.537

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=387.293 - 211.061 - 60.686
=115.546

* 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 1.68 mean?
LSI Industries (STU:LS2) has a Scaled Net Operating Assets of 1.68 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 LSI Industries and its competitors.
Is LSI Industries' Scaled Net Operating Assets too high?
LSI Industries' current Scaled Net Operating Assets is 1.68. Overall, LSI Industries has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does LSI Industries' Scaled Net Operating Assets compare to DAKT and KOPN?
LSI Industries' Scaled Net Operating Assets of 1.68 can be compared against companies in the Hardware 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 Hardware company?
A good Scaled Net Operating Assets depends on the Hardware 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 LSI Industries and its competitors. LSI Industries's current Scaled Net Operating Assets is 1.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LSI Industries stock overvalued right now?
Based on GuruFocus' analysis, LSI Industries (STU:LS2) is currently considered Significantly Overvalued. The stock's GF Value™ is €16.86, compared to a current price of €22.80 — trading 35.2% above its estimated fair value. The current Scaled Net Operating Assets is 1.68. LSI Industries' overall GF Score™ is 85/100 with 8 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 LSI Industries (STU:LS2), the current Scaled Net Operating Assets is 1.68 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 LSI Industries (STU:LS2) Overvalued in 2026?

Based on GuruFocus' analysis, LSI Industries stock appears to be overvalued. The current stock price of €22.80 is trading 35.2% above its estimated GF Value™ of €16.86. GuruFocus considers LSI Industries to be Significantly Overvalued.

Key valuation signals for STU:LS2:

  • Scaled Net Operating Assets: 1.68
  • GF Value™: €16.86 vs. price of €22.80 (35.2% above fair value)
  • GF Score™: 85/100 with 8 warning signs

No single metric tells the full story. See the STU:LS2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

LSI Industries Business Description

Other Exchanges LYTS:USA
Address 10000 Alliance Road, Cincinnati, OH, USA, 45242
LSI Industries Inc provides corporate visual image solutions to the petroleum and convenience store industry. The company's operating segments include Lighting and Display Solutions. It generates maximum revenue from the Display solutions segment. Lighting Segment manufactures and markets outdoor and indoor lighting and lighting controls for the commercial, industrial, and multi-site retail markets, including the petroleum/convenience store, quick-service, and automotive markets. The Display Solutions Segment manufactures, sells, and installs exterior and interior visual image and display elements, including printed graphics, structural graphics, digital signage, menu board systems, display fixtures, refrigerated displays, and custom display elements.
85GF Score

Get the complete analysis for STU:LS2

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

€22.80
Price
€16.86
GF Value