TCIIF (Tracsis) Scaled Net Operating Assets: 0.44 (As of Jan. 2026)


TCIIF Tracsis PLC TCIIF
73 GF Score
Price $5.60
GF Value $11.49
! 4 Warning Signs
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What is Tracsis Scaled Net Operating Assets?

Tracsis TCIIF 73 Scaled Net Operating Assets is 0.44 as of Jan. 2026. GuruFocus rates TCIIF with a GF Score™ of 73/100 and a GF Value™ of $11.49. The stock has 4 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.

Tracsis's operating assets for the quarter that ended in Jan. 2026 was $93.8 Mil. Tracsis's operating liabilities for the quarter that ended in Jan. 2026 was $36.0 Mil. Tracsis's Total Assets for the quarter that ended in Jul. 2025 was $132.2 Mil. Therefore, Tracsis's scaled net operating assets (SNOA) for the quarter that ended in Jan. 2026 was 0.44.

Tracsis Scaled Net Operating Assets Historical Data

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The historical data trend for Tracsis'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.

Tracsis Scaled Net Operating Assets Chart

Tracsis Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.43 0.45 0.56 0.50 0.45

Tracsis Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
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 0.52 0.54 0.44 0.51 0.44

TCIIF vs CRM, SHOP, UBER: Scaled Net Operating Assets Comparison

For the Software - Application subindustry, Tracsis'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.

Tracsis Scaled Net Operating Assets vs Software Industry

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

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


TCIIF
73GF Score
Tracsis PLC TCIIF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Tracsis 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.

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

Scaled Net Operating Assets (SNOA)(A: Jul. 2025 )
=(Operating Assets (A: Jul. 2025 )-Operating Liabilities (A: Jul. 2025 ))/Total Assets (A: Jul. 2024 )
=(100.651-40.919)/132.317
=0.45

where

Operating Assets(A: Jul. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=132.215 - 31.564
=100.651

Operating Liabilities(A: Jul. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=44.486 - 2.498 - 1.069
=40.919

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

Scaled Net Operating Assets (SNOA)(Q: Jan. 2026 )
=(Operating Assets (Q: Jan. 2026 )-Operating Liabilities (Q: Jan. 2026 ))/Total Assets (Q: Jul. 2025 )
=(93.768-35.98)/132.215
=0.44

where

Operating Assets(Q: Jan. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=128.683 - 34.915
=93.768

Operating Liabilities(Q: Jan. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=41.34 - 3.988 - 1.372
=35.98

* 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 0.44 mean?
Tracsis (TCIIF) has a Scaled Net Operating Assets of 0.44 as of Jan. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Tracsis and its competitors.
Is Tracsis' Scaled Net Operating Assets too high?
Tracsis' current Scaled Net Operating Assets is 0.44. Overall, Tracsis has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Tracsis' Scaled Net Operating Assets compare to CRM and SHOP?
Tracsis' Scaled Net Operating Assets of 0.44 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 Tracsis and its competitors. Tracsis's current Scaled Net Operating Assets is 0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tracsis stock overvalued right now?
Tracsis (TCIIF) has a current Scaled Net Operating Assets of 0.44. The stock's GF Value™ is $11.49, compared to a current price of $5.60 — trading 51.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.44. Tracsis' overall GF Score™ is 73/100 with 4 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 Tracsis (TCIIF), the current Scaled Net Operating Assets is 0.44 as of Jan. 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 Tracsis (TCIIF) Overvalued in 2026?

Based on GuruFocus' analysis, Tracsis stock appears to be undervalued. The current stock price of $5.60 is trading 51.3% below its estimated GF Value™ of $11.49.

Key valuation signals for TCIIF:

  • Scaled Net Operating Assets: 0.44
  • GF Value™: $11.49 vs. price of $5.60 (51.3% below fair value)
  • GF Score™: 73/100 with 4 warning signs

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

Tracsis Business Description

Other Exchanges TRCS:UK4T2:Germany
Address Discovery Way, Nexus, Leeds, GBR, LS2 3AA
Tracsis PLC is engaged in the business of software development and consultancy for the rail industry. It is organized into two main business segments: Rail Technology and Services and Data, Analytics, Consultancy & Events. The Rail Technology and Services division includes software, consultancy, and remote condition monitoring technology, and also includes Ontrac. The Data, Analytics, Consultancy & Events division which derives majority revenue, focuses on data capture and analytics, geographic information systems, earth observation, consultancy and event traffic management within a range of transport and pedestrian rich environments. The company currently operates in three geographical markets: the United Kingdom, Ireland, Rest of Europe, North America, and Rest of the world.
73GF Score

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

$5.60
Price
$11.49
GF Value