Letus Capital (WAR:LET) Scaled Net Operating Assets: 0.81 (As of Mar. 2026)


WAR:LET Letus Capital SA WAR:LET
38 GF Score
Price zł0.15
GF Value zł1.15
Valuation Possible Value Trap
! 2 Warning Signs
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What is Letus Capital Scaled Net Operating Assets?

Letus Capital WAR:LET -6.25% 38 Scaled Net Operating Assets is 0.81 as of Mar. 2026. GuruFocus rates WAR:LET with a GF Score™ of 38/100 and a GF Value™ of zł1.15 (Possible Value Trap). The stock has 2 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.

Letus Capital's operating assets for the quarter that ended in Mar. 2026 was zł2.86 Mil. Letus Capital's operating liabilities for the quarter that ended in Mar. 2026 was zł0.53 Mil. Letus Capital's Total Assets for the quarter that ended in Dec. 2025 was zł2.89 Mil. Therefore, Letus Capital's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.81.


Letus Capital Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Letus Capital'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.

Letus Capital Scaled Net Operating Assets Chart

Letus Capital 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 0.70 0.34 0.83 0.53 0.81

Letus Capital 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 0.72 0.82 0.81 0.93 0.81

WAR:LET vs CBRE, BEKE, JLL: Scaled Net Operating Assets Comparison

For the Real Estate Services subindustry, Letus Capital'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.


Letus Capital Scaled Net Operating Assets vs Real Estate Industry

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

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


WAR:LET
38GF Score
Letus Capital SA WAR:LET
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Letus Capital 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.

Letus Capital'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 )
=(2.876-0.138)/3.382
=0.81

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2.887 - 0.011
=2.876

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.582 - 0.424 - 0.02
=0.138

Letus Capital'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 )
=(2.862-0.529)/2.887
=0.81

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2.871 - 0.009
=2.862

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.529 - 0 - 0
=0.529

* 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 0.81 mean?
Letus Capital (WAR:LET) has a Scaled Net Operating Assets of 0.81 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 Letus Capital and its competitors.
Is Letus Capital's Scaled Net Operating Assets too high?
Letus Capital's current Scaled Net Operating Assets is 0.81. Overall, Letus Capital has a GF Score™ of 38/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Letus Capital's Scaled Net Operating Assets compare to CBRE and BEKE?
Letus Capital's Scaled Net Operating Assets of 0.81 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 Letus Capital and its competitors. Letus Capital's current Scaled Net Operating Assets is 0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Letus Capital stock overvalued right now?
Based on GuruFocus' analysis, Letus Capital (WAR:LET) is currently considered Possible Value Trap. The stock's GF Value™ is zł1.15, compared to a current price of zł0.15 — trading 87% below its estimated fair value. The current Scaled Net Operating Assets is 0.81. Letus Capital's overall GF Score™ is 38/100 with 2 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 Letus Capital (WAR:LET), the current Scaled Net Operating Assets is 0.81 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 Letus Capital (WAR:LET) Overvalued in 2026?

Based on GuruFocus' analysis, Letus Capital stock appears to be undervalued. The current stock price of zł0.15 is trading 87% below its estimated GF Value™ of zł1.15. GuruFocus considers Letus Capital to be Possible Value Trap.

Key valuation signals for WAR:LET:

  • Scaled Net Operating Assets: 0.81
  • GF Value™: zł1.15 vs. price of zł0.15 (87% below fair value)
  • GF Score™: 38/100 with 2 warning signs

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


Letus Capital Business Description

Address Al. Jerozolimskie 85/21, Warsaw, POL, 02-001
Letus Capital SA core business is the real estate market, focusing on long-term commercial rentals and short-term rentals, including hotels and guesthouses. The company also through its subsidiaries engaged in transportation and construction services.
38GF Score

Get the complete analysis for WAR:LET

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

zł0.15
Price
zł1.15
GF Value