Ratos AB (STU:RAZB) Scaled Net Operating Assets: 0.82 (As of Mar. 2026)


STU:RAZB Ratos AB STU:RAZB
58 GF Score
Price €2.98
GF Value €2.10
! 3 Warning Signs
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What is Ratos AB Scaled Net Operating Assets?

Ratos AB STU:RAZB -1.13% 58 Scaled Net Operating Assets is 0.82 as of Mar. 2026. GuruFocus rates STU:RAZB with a GF Score™ of 58/100 and a GF Value™ of €2.10. 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.

Ratos AB's operating assets for the quarter that ended in Mar. 2026 was €2,581 Mil. Ratos AB's operating liabilities for the quarter that ended in Mar. 2026 was €471 Mil. Ratos AB's Total Assets for the quarter that ended in Dec. 2025 was €2,562 Mil. Therefore, Ratos AB's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.82.


Ratos AB Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Ratos AB'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.

Ratos AB Scaled Net Operating Assets Chart

Ratos AB 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 0.66 0.80 0.60 0.58 0.68

Ratos AB 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 0.74 0.79 0.76 0.82

STU:RAZB vs PWR, FIX, EME: Scaled Net Operating Assets Comparison

For the Engineering & Construction subindustry, Ratos AB'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.


Ratos AB Scaled Net Operating Assets vs Construction Industry

For the Construction industry and Industrials sector, Ratos AB's Scaled Net Operating Assets distribution charts can be found below:

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


STU:RAZB
58GF Score
Ratos AB STU:RAZB
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Ratos AB 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.

Ratos AB'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 )
=(2457.841-416.915)/3002.447
=0.68

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2562.414 - 104.573
=2457.841

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1144.15 - 643.429 - 83.806
=416.915

Ratos AB'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 )
=(2581.482-470.879)/2562.414
=0.82

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2708.486 - 127.004
=2581.482

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1278.022 - 688.216 - 118.927
=470.879

* 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 0.82 mean?
Ratos AB (STU:RAZB) has a Scaled Net Operating Assets of 0.82 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 Ratos AB and its competitors.
Is Ratos AB's Scaled Net Operating Assets too high?
Ratos AB's current Scaled Net Operating Assets is 0.82. Overall, Ratos AB has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does Ratos AB's Scaled Net Operating Assets compare to PWR and FIX?
Ratos AB's Scaled Net Operating Assets of 0.82 can be compared against companies in the Construction 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 Construction company?
A good Scaled Net Operating Assets depends on the Construction 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 Ratos AB and its competitors. Ratos AB's current Scaled Net Operating Assets is 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ratos AB stock overvalued right now?
Ratos AB (STU:RAZB) has a current Scaled Net Operating Assets of 0.82. The stock's GF Value™ is €2.10, compared to a current price of €2.98 — trading 41.8% above its estimated fair value. The current Scaled Net Operating Assets is 0.82. Ratos AB's overall GF Score™ is 58/100 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 Ratos AB (STU:RAZB), the current Scaled Net Operating Assets is 0.82 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 Ratos AB (STU:RAZB) Overvalued in 2026?

Based on GuruFocus' analysis, Ratos AB stock appears to be overvalued. The current stock price of €2.98 is trading 41.8% above its estimated GF Value™ of €2.10.

Key valuation signals for STU:RAZB:

  • Scaled Net Operating Assets: 0.82
  • GF Value™: €2.10 vs. price of €2.98 (41.8% above fair value)
  • GF Score™: 58/100 with 3 warning signs

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


Ratos AB Business Description

Address Sturegatan 10, Box 511, Stockholm, SWE, SE-114 11
Ratos AB is an investment company that owns and develops unlisted medium-and small-sized Nordic companies. The company focuses on technological and infrastructure solutions and comprises two business segment; Construction & Services and Consumer. Majority of the revenue is generated from its Construction & Services segment which predominantly includes maintenance of infrastructure within railway, road, energy solutions, and construction of new critical buildings such as hospitals, schools, police stations and governmental buildings in the Nordics. Geographically, the company generates majority of its revenue from Norway and rest from Sweden and other regions.
58GF Score

Get the complete analysis for STU:RAZB

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

€2.98
Price
€2.10
GF Value