11 bit studios (WAR:11B) Scaled Net Operating Assets: 0.62 (As of Mar. 2026)


WAR:11B 11 bit studios SA WAR:11B
75 GF Score
Price zł132.00
GF Value zł257.45
Valuation Significantly Undervalued
! 4 Warning Signs
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What is 11 bit studios Scaled Net Operating Assets?

11 bit studios WAR:11B -0.08% 75 Scaled Net Operating Assets is 0.62 as of Mar. 2026. GuruFocus rates WAR:11B with a GF Score™ of 75/100 and a GF Value™ of zł257.45 (Significantly Undervalued). 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.

11 bit studios's operating assets for the quarter that ended in Mar. 2026 was zł191.5 Mil. 11 bit studios's operating liabilities for the quarter that ended in Mar. 2026 was zł25.0 Mil. 11 bit studios's Total Assets for the quarter that ended in Dec. 2025 was zł268.8 Mil. Therefore, 11 bit studios's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.62.

11 bit studios Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for 11 bit studios'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.

11 bit studios Scaled Net Operating Assets Chart

11 bit studios 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 0.54 0.67 0.74 0.64 0.65

11 bit studios 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 0.61 0.75 0.70 0.60 0.62

WAR:11B vs NTES, EA, TTWO: Scaled Net Operating Assets Comparison

For the Electronic Gaming & Multimedia subindustry, 11 bit studios'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.

11 bit studios Scaled Net Operating Assets vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, 11 bit studios's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where 11 bit studios's Scaled Net Operating Assets falls into.


WAR:11B
75GF Score
11 bit studios SA WAR:11B
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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11 bit studios 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.

11 bit studios'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 )
=(197.098-27.843)/262.303
=0.65

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=268.805 - 71.707
=197.098

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=32.383 - 3.265 - 1.275
=27.843

11 bit studios'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 )
=(191.474-25.004)/268.805
=0.62

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=262.867 - 71.393
=191.474

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=29.228 - 2.949 - 1.275
=25.004

* 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 0.62 mean?
11 bit studios (WAR:11B) has a Scaled Net Operating Assets of 0.62 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 11 bit studios and its competitors.
Is 11 bit studios' Scaled Net Operating Assets too high?
11 bit studios' current Scaled Net Operating Assets is 0.62. Overall, 11 bit studios has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does 11 bit studios' Scaled Net Operating Assets compare to NTES and EA?
11 bit studios' Scaled Net Operating Assets of 0.62 can be compared against companies in the Interactive Media 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 an Interactive Media company?
A good Scaled Net Operating Assets depends on the Interactive Media 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 11 bit studios and its competitors. 11 bit studios's current Scaled Net Operating Assets is 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 11 bit studios stock overvalued right now?
Based on GuruFocus' analysis, 11 bit studios (WAR:11B) is currently considered Significantly Undervalued. The stock's GF Value™ is zł257.45, compared to a current price of zł132.00 — trading 48.7% below its estimated fair value. The current Scaled Net Operating Assets is 0.62. 11 bit studios' overall GF Score™ is 75/100 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 11 bit studios (WAR:11B), the current Scaled Net Operating Assets is 0.62 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 11 bit studios (WAR:11B) Overvalued in 2026?

Based on GuruFocus' analysis, 11 bit studios stock appears to be undervalued. The current stock price of zł132.00 is trading 48.7% below its estimated GF Value™ of zł257.45. GuruFocus considers 11 bit studios to be Significantly Undervalued.

Key valuation signals for WAR:11B:

  • Scaled Net Operating Assets: 0.62
  • GF Value™: zł257.45 vs. price of zł132.00 (48.7% below fair value)
  • GF Score™: 75/100 with 4 warning signs

No single metric tells the full story. See the WAR:11B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

11 bit studios Business Description

Other Exchanges 11C:Germany
Address Brechta 7, Warszawa, POL, 03-472
11 bit studios SA is a manufacturer of multi-platform video games in Poland. It develops games for a wide range of devices including personal computers, and tablet computers.
75GF Score

Get the complete analysis for WAR:11B

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

zł132.00
Price
zł257.45
GF Value