Binect AG (STU:MA10) Scaled Net Operating Assets: 0.61 (As of Dec. 2025)

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STU:MA10 Binect AG STU:MA10
58 GF Score
Price €1.71
GF Value €3.01
Valuation Significantly Undervalued
! 7 Warning Signs
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What is Binect AG Scaled Net Operating Assets?

Binect AG STU:MA10 +1.18% 58 Scaled Net Operating Assets is 0.61 as of Dec. 2025. GuruFocus rates STU:MA10 with a GF Score™ of 58/100 and a GF Value™ of €3.01 (Significantly Undervalued). 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.

Binect AG's operating assets for the quarter that ended in Dec. 2025 was €11.18 Mil. Binect AG's operating liabilities for the quarter that ended in Dec. 2025 was €3.81 Mil. Binect AG's Total Assets for the quarter that ended in Jun. 2025 was €12.13 Mil. Therefore, Binect AG's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.61.


Binect AG Scaled Net Operating Assets Historical Data

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The historical data trend for Binect AG'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.

Binect AG Scaled Net Operating Assets Chart

Binect AG 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 0.77 0.70 0.63 0.59 0.51

Binect AG Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 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 0.59 0.60 0.59 0.50 0.61

STU:MA10 vs QH, SHOP, UBER: Scaled Net Operating Assets Comparison

For the Software - Application subindustry, Binect AG'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.


Binect AG Scaled Net Operating Assets vs Software Industry

For the Software industry and Technology sector, Binect AG's Scaled Net Operating Assets distribution charts can be found below:

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


STU:MA10
58GF Score
Binect AG STU:MA10
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Binect AG 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.

Binect AG'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 )
=(11.178-3.805)/14.395
=0.51

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=13.308 - 2.13
=11.178

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4.323 - 0.378 - 0.14
=3.805

Binect AG'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: Jun. 2025 )
=(11.178-3.805)/12.127
=0.61

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=13.308 - 2.13
=11.178

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4.323 - 0.378 - 0.14
=3.805

* 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 0.61 mean?
Binect AG (STU:MA10) has a Scaled Net Operating Assets of 0.61 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 Binect AG and its competitors.
Is Binect AG's Scaled Net Operating Assets too high?
Binect AG's current Scaled Net Operating Assets is 0.61. Overall, Binect AG has a GF Score™ of 58/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Binect AG's Scaled Net Operating Assets compare to QH and SHOP?
Binect AG's Scaled Net Operating Assets of 0.61 can be compared against companies in the Software 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 Software company?
A good Scaled Net Operating Assets depends on the Software 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 Binect AG and its competitors. Binect AG's current Scaled Net Operating Assets is 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Binect AG stock overvalued right now?
Based on GuruFocus' analysis, Binect AG (STU:MA10) is currently considered Significantly Undervalued. The stock's GF Value™ is €3.01, compared to a current price of €1.71 — trading 43.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.61. Binect AG's overall GF Score™ is 58/100 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 Binect AG (STU:MA10), the current Scaled Net Operating Assets is 0.61 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 Binect AG (STU:MA10) Overvalued in 2026?

Based on GuruFocus' analysis, Binect AG stock appears to be undervalued. The current stock price of €1.71 is trading 43.2% below its estimated GF Value™ of €3.01. GuruFocus considers Binect AG to be Significantly Undervalued.

Key valuation signals for STU:MA10:

  • Scaled Net Operating Assets: 0.61
  • GF Value™: €3.01 vs. price of €1.71 (43.2% below fair value)
  • GF Score™: 58/100 with 7 warning signs

No single metric tells the full story. See the STU:MA10 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Binect AG Business Description

Other Exchanges MA10:GermanyMA10:Germany
Address Brunnenweg 17, Weiterstadt, HE, DEU, 64331
Binect AG is a German management holding company. Along with its subsidiaries, it is engaged in the digitization of document-based business communication. The group digitizes all processes of document incoming and outgoing communication, such as contracts and invoices, with its solutions and the Binect ONE platform. Binect is also focused on venturing into the field of Intelligent Document Processing (IDP), which involves, among other things, using self-learning software components to process document content and transform it into digitally usable and processable data. The group develops and integrates its digital modules and solutions for medium-sized businesses, government agencies, and other institutions.
58GF Score

Get the complete analysis for STU:MA10

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

€1.71
Price
€3.01
GF Value