TTEC Holdings (STU:TH1) Scaled Net Operating Assets: 0.66 (As of Jun. 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:TH1 TTEC Holdings Inc STU:TH1
54 GF Score
Price €1.20
GF Value €3.26
Valuation Significantly Undervalued
! 7 Warning Signs
View Full Analysis

What is TTEC Holdings Scaled Net Operating Assets?

TTEC Holdings STU:TH1 +3.01% 54 Scaled Net Operating Assets is 0.66 as of Jun. 2026. GuruFocus rates STU:TH1 with a GF Score™ of 54/100 and a GF Value™ of €3.26 (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.

TTEC Holdings's operating assets for the quarter that ended in Jun. 2026 was €1,111 Mil. TTEC Holdings's operating liabilities for the quarter that ended in Jun. 2026 was €303 Mil. TTEC Holdings's Total Assets for the quarter that ended in Mar. 2026 was €1,222 Mil. Therefore, TTEC Holdings's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2026 was 0.66.


TTEC Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for TTEC Holdings'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.

TTEC Holdings Scaled Net Operating Assets Chart

TTEC Holdings 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 0.95 0.83 0.71 0.60 0.53

TTEC Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.69 0.61 0.67 0.66

STU:TH1 vs WYY, CSPI, QXL: Scaled Net Operating Assets Comparison

For the Information Technology Services subindustry, TTEC Holdings'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.


TTEC Holdings Scaled Net Operating Assets vs Software Industry

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

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


STU:TH1
54GF Score
TTEC Holdings Inc STU:TH1
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TTEC Holdings 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.

TTEC Holdings'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 )
=(1209.419-329.491)/1674.478
=0.53

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1280.216 - 70.797
=1209.419

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1183.797 - 825.109 - 29.197
=329.491

TTEC Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2026 )
=(Operating Assets (Q: Jun. 2026 )-Operating Liabilities (Q: Jun. 2026 ))/Total Assets (Q: Mar. 2026 )
=(1110.848-303.316)/1221.912
=0.66

where

Operating Assets(Q: Jun. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1192.326 - 81.478
=1110.848

Operating Liabilities(Q: Jun. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1113.485 - 783.906 - 26.263
=303.316

* 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 0.66 mean?
TTEC Holdings (STU:TH1) has a Scaled Net Operating Assets of 0.66 as of Jun. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on TTEC Holdings and its competitors.
Is TTEC Holdings' Scaled Net Operating Assets too high?
TTEC Holdings' current Scaled Net Operating Assets is 0.66. Overall, TTEC Holdings has a GF Score™ of 54/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TTEC Holdings' Scaled Net Operating Assets compare to WYY and CSPI?
TTEC Holdings' Scaled Net Operating Assets of 0.66 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 TTEC Holdings and its competitors. TTEC Holdings's current Scaled Net Operating Assets is 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TTEC Holdings stock overvalued right now?
Based on GuruFocus' analysis, TTEC Holdings (STU:TH1) is currently considered Significantly Undervalued. The stock's GF Value™ is €3.26, compared to a current price of €1.20 — trading 63.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.66. TTEC Holdings' overall GF Score™ is 54/100 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 TTEC Holdings (STU:TH1), the current Scaled Net Operating Assets is 0.66 as of Jun. 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 TTEC Holdings (STU:TH1) Overvalued in 2026?

Based on GuruFocus' analysis, TTEC Holdings stock appears to be undervalued. The current stock price of €1.20 is trading 63.3% below its estimated GF Value™ of €3.26. GuruFocus considers TTEC Holdings to be Significantly Undervalued.

Key valuation signals for STU:TH1:

  • Scaled Net Operating Assets: 0.66
  • GF Value™: €3.26 vs. price of €1.20 (63.3% below fair value)
  • GF Score™: 54/100 with 7 warning signs

No single metric tells the full story. See the STU:TH1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TTEC Holdings Business Description

Other Exchanges TTEC:USATH1:Germany
Address 100 Congress Avenue, Suite 1425, Austin, TX, USA, 78701
TTEC Holdings Inc provides customer engagement management tools and services. The company operates through two operating segment, TTEC Digital and TTEC Engage. TTEC Digital is engaged in building and implementing cloud-based and on-premises customer experience tools that enable clients to develop customer engagement strategies. TTEC Engage focuses on delivering sales and marketing solutions to help clients boost their revenue as well as on managing customer's front-to-back office processes to optimize the customer experience. TTEC Engage contributes the vast majority of the company's revenue, and its revenues are derived from the United States and Canada, followed by Philippines, Asia-Pacific and India.
54GF Score

Get the complete analysis for STU:TH1

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

€1.20
Price
€3.26
GF Value