Hortico (WAR:HOR) Scaled Net Operating Assets: 0.64 (As of Mar. 2026)


WAR:HOR Hortico SA WAR:HOR
89 GF Score
Price zł7.45
GF Value zł7.00
Valuation Fairly Valued
! 5 Warning Signs
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What is Hortico Scaled Net Operating Assets?

Hortico WAR:HOR +1.40% 89 Scaled Net Operating Assets is 0.64 as of Mar. 2026. GuruFocus rates WAR:HOR with a GF Score™ of 89/100 and a GF Value™ of zł7.00 (Fairly Valued). 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.

Hortico's operating assets for the quarter that ended in Mar. 2026 was zł161.9 Mil. Hortico's operating liabilities for the quarter that ended in Mar. 2026 was zł60.0 Mil. Hortico's Total Assets for the quarter that ended in Dec. 2025 was zł159.6 Mil. Therefore, Hortico's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.64.


Hortico Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Hortico'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.

Hortico Scaled Net Operating Assets Chart

Hortico 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 0.62 0.57 0.62 0.73 0.76

Hortico 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 0.62 0.55 0.59 0.89 0.64

WAR:HOR vs GWW, FAST, FERG: Scaled Net Operating Assets Comparison

For the Industrial Distribution subindustry, Hortico'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.


Hortico Scaled Net Operating Assets vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Hortico's Scaled Net Operating Assets distribution charts can be found below:

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


WAR:HOR
89GF Score
Hortico SA WAR:HOR
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Hortico 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.

Hortico'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 )
=(156.092-57.295)/130.444
=0.76

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=159.648 - 3.556
=156.092

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=80.215 - 0 - 22.92
=57.295

Hortico'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 )
=(161.879-60.028)/159.648
=0.64

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=165.357 - 3.478
=161.879

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=79.946 - 0 - 19.918
=60.028

* 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 0.64 mean?
Hortico (WAR:HOR) has a Scaled Net Operating Assets of 0.64 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 Hortico and its competitors.
Is Hortico's Scaled Net Operating Assets too high?
Hortico's current Scaled Net Operating Assets is 0.64. Overall, Hortico has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hortico's Scaled Net Operating Assets compare to GWW and FAST?
Hortico's Scaled Net Operating Assets of 0.64 can be compared against companies in the Industrial Distribution 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 Industrial Distribution company?
A good Scaled Net Operating Assets depends on the Industrial Distribution 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 Hortico and its competitors. Hortico's current Scaled Net Operating Assets is 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hortico stock overvalued right now?
Based on GuruFocus' analysis, Hortico (WAR:HOR) is currently considered Fairly Valued. The stock's GF Value™ is zł7.00, compared to a current price of zł7.45 — trading 6.4% above its estimated fair value. The current Scaled Net Operating Assets is 0.64. Hortico's overall GF Score™ is 89/100 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 Hortico (WAR:HOR), the current Scaled Net Operating Assets is 0.64 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 Hortico (WAR:HOR) Overvalued in 2026?

Based on GuruFocus' analysis, Hortico stock appears to be overvalued. The current stock price of zł7.45 is trading 6.4% above its estimated GF Value™ of zł7.00. GuruFocus considers Hortico to be Fairly Valued.

Key valuation signals for WAR:HOR:

  • Scaled Net Operating Assets: 0.64
  • GF Value™: zł7.00 vs. price of zł7.45 (6.4% above fair value)
  • GF Score™: 89/100 with 5 warning signs

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


Hortico Business Description

Address Ulica Gieldowa 12H, Wroclaw, POL, 52-437
Hortico SA operates on the wholesale and retail sale of gardening articles. The company offers a wide range of goods, seeds and cuttings, fertilizers, garden substrates, biological protection agents, films and nonwovens, plant protection products, gardening equipment, garden tools and nursery articles. It works with suppliers from all over Europe and sells in Poland, Russia, Portugal, Hungary, Ukraine and Belarus.
89GF Score

Get the complete analysis for WAR:HOR

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

zł7.45
Price
zł7.00
GF Value