THRM (Gentherm) Scaled Net Operating Assets: 0.58 (As of Mar. 2026)


THRM Gentherm Inc THRM
77 GF Score
Price $36.34
GF Value $45.61
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Gentherm Scaled Net Operating Assets?

Gentherm THRM +2.57% 77 Scaled Net Operating Assets is 0.58 as of Mar. 2026. GuruFocus rates THRM with a GF Score™ of 77/100 and a GF Value™ of $45.61 (Modestly Undervalued). The stock has 5 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.

Gentherm's operating assets for the quarter that ended in Mar. 2026 was $1,253 Mil. Gentherm's operating liabilities for the quarter that ended in Mar. 2026 was $440 Mil. Gentherm's Total Assets for the quarter that ended in Dec. 2025 was $1,396 Mil. Therefore, Gentherm's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.58.

Gentherm Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Gentherm'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.

Gentherm Scaled Net Operating Assets Chart

Gentherm 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 0.52 0.84 0.60 0.61 0.65

Gentherm 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 0.65 0.63 0.60 0.58 0.58

THRM vs PLOW, HYLN, SMP: Scaled Net Operating Assets Comparison

For the Auto Parts subindustry, Gentherm'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.

Gentherm Scaled Net Operating Assets vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Gentherm's Scaled Net Operating Assets distribution charts can be found below:

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


THRM
77GF Score
Gentherm Inc THRM
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gentherm 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.

Gentherm'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 )
=(1235.596-429.282)/1247.556
=0.65

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1396.429 - 160.833
=1235.596

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=676.106 - 237.105 - 9.719
=429.282

Gentherm'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 )
=(1252.893-440.39)/1396.429
=0.58

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1430.294 - 177.401
=1252.893

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=713.824 - 264.298 - 9.136
=440.39

* 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 0.58 mean?
Gentherm (THRM) has a Scaled Net Operating Assets of 0.58 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 Gentherm and its competitors.
Is Gentherm's Scaled Net Operating Assets too high?
Gentherm's current Scaled Net Operating Assets is 0.58. Overall, Gentherm has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gentherm's Scaled Net Operating Assets compare to PLOW and HYLN?
Gentherm's Scaled Net Operating Assets of 0.58 can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Scaled Net Operating Assets depends on the Vehicles & Parts 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 Gentherm and its competitors. Gentherm's current Scaled Net Operating Assets is 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gentherm stock overvalued right now?
Based on GuruFocus' analysis, Gentherm (THRM) is currently considered Modestly Undervalued. The stock's GF Value™ is $45.61, compared to a current price of $36.34 — trading 20.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.58. Gentherm's overall GF Score™ is 77/100 with 5 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 Gentherm (THRM), the current Scaled Net Operating Assets is 0.58 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 Gentherm (THRM) Overvalued in 2026?

Based on GuruFocus' analysis, Gentherm stock appears to be undervalued. The current stock price of $36.34 is trading 20.3% below its estimated GF Value™ of $45.61. GuruFocus considers Gentherm to be Modestly Undervalued.

Key valuation signals for THRM:

  • Scaled Net Operating Assets: 0.58
  • GF Value™: $45.61 vs. price of $36.34 (20.3% below fair value)
  • GF Score™: 77/100 with 5 warning signs

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

Gentherm Business Description

Other Exchanges QA4A:Germany
Address 28875 Cabot Drive, Novi, MI, USA, 48377
Gentherm Inc is an automotive parts manufacturer. The business activities of the group function through the Automotive and Medical segments. The vast majority of the firm's revenue comes from the Automotive segment, which includes automotive climate comfort systems, automotive cable systems, battery performance solutions, and automotive electronics and software systems. The medical segment is comprised of the results from the patient temperature management business in the medical industry. Its geographical segments are the USA, China, South Korea, Germany, Japan, the Czech Republic, and other countries.
77GF Score

Get the complete analysis for THRM

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

$36.34
Price
$45.61
GF Value