Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Cognor Holding's operating assets for the quarter that ended in Mar. 2026 was zł2,838 Mil. Cognor Holding's operating liabilities for the quarter that ended in Mar. 2026 was zł552 Mil. Cognor Holding's Total Assets for the quarter that ended in Dec. 2025 was zł2,752 Mil. Therefore, Cognor Holding's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.83.
Cognor Holding Scaled Net Operating Assets Related Terms
Cognor Holding Scaled Net Operating Assets Historical Data
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The historical data trend for Cognor Holding'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.
WAR:COG vs NUE, STLD, RS: Scaled Net Operating Assets Comparison
For the Steel subindustry, Cognor Holding'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.
Cognor Holding Scaled Net Operating Assets vs Steel Industry
For the Steel industry and Basic Materials sector, Cognor Holding's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Cognor Holding's Scaled Net Operating Assets falls into.
* 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 0.83 mean?
Cognor Holding (WAR:COG) has a Scaled Net Operating Assets of 0.83 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 Cognor Holding and its competitors.
Is Cognor Holding's Scaled Net Operating Assets too high?
Cognor Holding's current Scaled Net Operating Assets is 0.83. Overall, Cognor Holding has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cognor Holding's Scaled Net Operating Assets compare to NUE and STLD?
Cognor Holding's Scaled Net Operating Assets of 0.83 can be compared against companies in the Steel 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 Steel company?
A good Scaled Net Operating Assets depends on the Steel 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 Cognor Holding and its competitors. Cognor Holding's current Scaled Net Operating Assets is 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cognor Holding stock overvalued right now?
Based on GuruFocus' analysis, Cognor Holding (WAR:COG) is currently considered Fairly Valued. The stock's GF Value™ is zł5.62, compared to a current price of zł5.85 — trading 4% above its estimated fair value. The current Scaled Net Operating Assets is 0.83. Cognor Holding's overall GF Score™ is 66/100 with 6 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 Cognor Holding (WAR:COG), the current Scaled Net Operating Assets is 0.83 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 Cognor Holding (WAR:COG) Overvalued in 2026?
Based on GuruFocus' analysis, Cognor Holding stock appears to be overvalued.
The current stock price of zł5.85 is trading 4% above its estimated GF Value™ of zł5.62.
GuruFocus considers Cognor Holding to be Fairly Valued.
Key valuation signals for WAR:COG:
Scaled Net Operating Assets: 0.83
GF Value™: zł5.62 vs. price of zł5.85 (4% above fair value)
No single metric tells the full story. See the WAR:COG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cognor Holding SA operates in the steel industry. Along with its subsidiaries, the company is engaged in the business of scrap collection, scrap processing into steel billets, and steel products. Its product portfolio comprises metal bars, steel scrap, steel slabs, flat plates, round bars, and steel alloys, among others. The group operates in the following business segments: Zlomrex Metal (ZLMET), HSJ, Ferrostal (FER), OMS, JAP, and Others. The majority of its revenue is generated from the Ferrostal (FER) segment, which is involved in the production and sale of semi-finished steel products (raw steel) and final steel products to external customers. Geographically, the group generates maximum revenue from Poland, followed by Germany, Czechia, and other countries.
66GF Score
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