Develia (WAR:DVL) Scaled Net Operating Assets: 0.53 (As of Mar. 2026)


WAR:DVL Develia SA WAR:DVL
85 GF Score
Price zł10.20
GF Value zł8.02
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Develia Scaled Net Operating Assets?

Develia WAR:DVL -1.92% 85 Scaled Net Operating Assets is 0.53 as of Mar. 2026. GuruFocus rates WAR:DVL with a GF Score™ of 85/100 and a GF Value™ of zł8.02 (Modestly Overvalued). The stock has 8 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.

Develia's operating assets for the quarter that ended in Mar. 2026 was zł4,724 Mil. Develia's operating liabilities for the quarter that ended in Mar. 2026 was zł2,082 Mil. Develia's Total Assets for the quarter that ended in Sep. 2025 was zł5,016 Mil. Therefore, Develia's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.53.


Develia Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Develia'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.

Develia Scaled Net Operating Assets Chart

Develia Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.52 0.66 0.49 0.66 0.54

Develia Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 0.48 0.52 0.45 0.57 0.53

Develia Scaled Net Operating Assets Competitor Comparison

For the Real Estate - Development subindustry, Develia'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.


Develia Scaled Net Operating Assets vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Develia's Scaled Net Operating Assets distribution charts can be found below:

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


WAR:DVL
85GF Score
Develia SA WAR:DVL
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Develia 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.

Develia's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2024 )
=(Operating Assets (A: Dec. 2024 )-Operating Liabilities (A: Dec. 2024 ))/Total Assets (A: Dec. 2023 )
=(3629.5-1581.108)/3808.066
=0.54

where

Operating Assets(A: Dec. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4281.909 - 652.409
=3629.5

Operating Liabilities(A: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2564.904 - 862.914 - 120.882
=1581.108

Develia'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: Sep. 2025 )
=(4723.795-2082.195)/5016.311
=0.53

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5148.564 - 424.769
=4723.795

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3032.209 - 833.211 - 116.803
=2082.195

* 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 0.53 mean?
Develia (WAR:DVL) has a Scaled Net Operating Assets of 0.53 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 Develia and its competitors.
Is Develia's Scaled Net Operating Assets too high?
Develia's current Scaled Net Operating Assets is 0.53. Overall, Develia has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Develia's Scaled Net Operating Assets compare to competitors?
Develia's Scaled Net Operating Assets of 0.53 can be compared against companies in the Real Estate 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 Real Estate company?
A good Scaled Net Operating Assets depends on the Real Estate 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 Develia and its competitors. Develia's current Scaled Net Operating Assets is 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Develia stock overvalued right now?
Based on GuruFocus' analysis, Develia (WAR:DVL) is currently considered Modestly Overvalued. The stock's GF Value™ is zł8.02, compared to a current price of zł10.20 — trading 27.2% above its estimated fair value. The current Scaled Net Operating Assets is 0.53. Develia's overall GF Score™ is 85/100 with 8 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 Develia (WAR:DVL), the current Scaled Net Operating Assets is 0.53 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 Develia (WAR:DVL) Overvalued in 2026?

Based on GuruFocus' analysis, Develia stock appears to be overvalued. The current stock price of zł10.20 is trading 27.2% above its estimated GF Value™ of zł8.02. GuruFocus considers Develia to be Modestly Overvalued.

Key valuation signals for WAR:DVL:

  • Scaled Net Operating Assets: 0.53
  • GF Value™: zł8.02 vs. price of zł10.20 (27.2% above fair value)
  • GF Score™: 85/100 with 8 warning signs

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


Develia Business Description

Other Exchanges 0LVI:UK94L:Germany
Address ul. Powstancow Slaskich 2-4, Wroclaw, POL, 53-333
Develia SA is a Poland based real estate developer. The company executes commercial and residential investment projects. It is engaged in activities, consisting of the purchasing of real estate and the development of residential, office, commercial or retail projects, and the sale or lease of premises. Its properties are built in Polish cities including Warsaw, Wroclaw, Krakow, Katowice, Gdansk, and Lodz.
85GF Score

Get the complete analysis for WAR:DVL

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

zł10.20
Price
zł8.02
GF Value