Industrie De Nora SpA (STU:M3D) Scaled Net Operating Assets: 0.79 (As of Mar. 2026)


STU:M3D Industrie De Nora SpA STU:M3D
85 GF Score
Price €6.66
GF Value €9.15
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Industrie De Nora SpA Scaled Net Operating Assets?

Industrie De Nora SpA STU:M3D -3.13% 85 Scaled Net Operating Assets is 0.79 as of Mar. 2026. GuruFocus rates STU:M3D with a GF Score™ of 85/100 and a GF Value™ of €9.15 (Modestly Undervalued). 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.

Industrie De Nora SpA's operating assets for the quarter that ended in Mar. 2026 was €1,263.2 Mil. Industrie De Nora SpA's operating liabilities for the quarter that ended in Mar. 2026 was €254.3 Mil. Industrie De Nora SpA's Total Assets for the quarter that ended in Dec. 2025 was €1,272.0 Mil. Therefore, Industrie De Nora SpA's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.79.


Industrie De Nora SpA Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Industrie De Nora SpA'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.

Industrie De Nora SpA Scaled Net Operating Assets Chart

Industrie De Nora SpA Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.83 0.88 0.66 0.67 0.63

Industrie De Nora SpA 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 0.66 0.66 0.70 0.66 0.79

STU:M3D vs VRT, BE, HUBB: Scaled Net Operating Assets Comparison

For the Electrical Equipment & Parts subindustry, Industrie De Nora SpA'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.


Industrie De Nora SpA Scaled Net Operating Assets vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Industrie De Nora SpA's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Industrie De Nora SpA's Scaled Net Operating Assets falls into.


STU:M3D
85GF Score
Industrie De Nora SpA STU:M3D
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Industrie De Nora SpA 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.

Industrie De Nora SpA'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 )
=(1162.953-264.395)/1423.462
=0.63

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1272.02 - 109.067
=1162.953

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=301.418 - 18.848 - 18.175
=264.395

Industrie De Nora SpA'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 )
=(1263.237-254.336)/1272.02
=0.79

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1347.28 - 84.043
=1263.237

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=346.488 - 18.398 - 73.754
=254.336

* 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 0.79 mean?
Industrie De Nora SpA (STU:M3D) has a Scaled Net Operating Assets of 0.79 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 Industrie De Nora SpA and its competitors.
Is Industrie De Nora SpA's Scaled Net Operating Assets too high?
Industrie De Nora SpA's current Scaled Net Operating Assets is 0.79. Overall, Industrie De Nora SpA has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Industrie De Nora SpA's Scaled Net Operating Assets compare to VRT and BE?
Industrie De Nora SpA's Scaled Net Operating Assets of 0.79 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 Industrie De Nora SpA and its competitors. Industrie De Nora SpA's current Scaled Net Operating Assets is 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industrie De Nora SpA stock overvalued right now?
Based on GuruFocus' analysis, Industrie De Nora SpA (STU:M3D) is currently considered Modestly Undervalued. The stock's GF Value™ is €9.15, compared to a current price of €6.66 — trading 27.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.79. Industrie De Nora SpA's overall GF Score™ is 85/100 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 Industrie De Nora SpA (STU:M3D), the current Scaled Net Operating Assets is 0.79 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 Industrie De Nora SpA (STU:M3D) Overvalued in 2026?

Based on GuruFocus' analysis, Industrie De Nora SpA stock appears to be undervalued. The current stock price of €6.66 is trading 27.2% below its estimated GF Value™ of €9.15. GuruFocus considers Industrie De Nora SpA to be Modestly Undervalued.

Key valuation signals for STU:M3D:

  • Scaled Net Operating Assets: 0.79
  • GF Value™: €9.15 vs. price of €6.66 (27.2% below fair value)
  • GF Score™: 85/100 with 3 warning signs

No single metric tells the full story. See the STU:M3D stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Industrie De Nora SpA Business Description

Other Exchanges DNR:Italy0ABI:UK
Address Via Leonardo Bistolfi, 35, Milan, ITA, 20134
Industrie De Nora SpA manufactures and distributes chemicals. The company is organized into three segments: the Electrode Technologies business, Energy Transition and the Water Technologies business. Electrode Technologies segment earns the majority of companies revenues. The company's products include Analyzers & Detectors, Anodes for Chlorine Evolution, Anodes for oxygen evolution, Cathodes for Hydrogen Evolution, Disinfection systems, Electrochlorination systems, Filtration Solutions, Membrane Technologies, Contaminant removal systems.
85GF Score

Get the complete analysis for STU:M3D

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

€6.66
Price
€9.15
GF Value