Polski Holding Nieruchomosci (WAR:PHN) Scaled Net Operating Assets: 0.88 (As of Mar. 2026)


WAR:PHN Polski Holding Nieruchomosci SA WAR:PHN
61 GF Score
Price zł9.28
GF Value zł11.86
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Polski Holding Nieruchomosci Scaled Net Operating Assets?

Polski Holding Nieruchomosci WAR:PHN +0.43% 61 Scaled Net Operating Assets is 0.88 as of Mar. 2026. GuruFocus rates WAR:PHN with a GF Score™ of 61/100 and a GF Value™ of zł11.86 (Modestly Undervalued). The stock has 7 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.

Polski Holding Nieruchomosci's operating assets for the quarter that ended in Mar. 2026 was zł4,575.3 Mil. Polski Holding Nieruchomosci's operating liabilities for the quarter that ended in Mar. 2026 was zł519.4 Mil. Polski Holding Nieruchomosci's Total Assets for the quarter that ended in Dec. 2025 was zł4,621.2 Mil. Therefore, Polski Holding Nieruchomosci's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.88.


Polski Holding Nieruchomosci Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Polski Holding Nieruchomosci'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.

Polski Holding Nieruchomosci Scaled Net Operating Assets Chart

Polski Holding Nieruchomosci 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 0.90 0.93 0.87 0.84 0.88

Polski Holding Nieruchomosci 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 0.85 0.84 0.86 0.86 0.88

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

For the Real Estate Services subindustry, Polski Holding Nieruchomosci'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.


Polski Holding Nieruchomosci Scaled Net Operating Assets vs Real Estate Industry

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

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


WAR:PHN
61GF Score
Polski Holding Nieruchomosci SA WAR:PHN
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Polski Holding Nieruchomosci 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.

Polski Holding Nieruchomosci'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 )
=(4523.6-510.2)/4583.6
=0.88

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4621.2 - 97.6
=4523.6

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2369.4 - 1500.7 - 358.5
=510.2

Polski Holding Nieruchomosci'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 )
=(4575.3-519.4)/4621.2
=0.88

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4641.3 - 66
=4575.3

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2367.2 - 1184.1 - 663.7
=519.4

* 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 0.88 mean?
Polski Holding Nieruchomosci (WAR:PHN) has a Scaled Net Operating Assets of 0.88 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 Polski Holding Nieruchomosci and its competitors.
Is Polski Holding Nieruchomosci's Scaled Net Operating Assets too high?
Polski Holding Nieruchomosci's current Scaled Net Operating Assets is 0.88. Overall, Polski Holding Nieruchomosci has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Polski Holding Nieruchomosci's Scaled Net Operating Assets compare to CBRE and BEKE?
Polski Holding Nieruchomosci's Scaled Net Operating Assets of 0.88 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 Polski Holding Nieruchomosci and its competitors. Polski Holding Nieruchomosci's current Scaled Net Operating Assets is 0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polski Holding Nieruchomosci stock overvalued right now?
Based on GuruFocus' analysis, Polski Holding Nieruchomosci (WAR:PHN) is currently considered Modestly Undervalued. The stock's GF Value™ is zł11.86, compared to a current price of zł9.28 — trading 21.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.88. Polski Holding Nieruchomosci's overall GF Score™ is 61/100 with 7 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 Polski Holding Nieruchomosci (WAR:PHN), the current Scaled Net Operating Assets is 0.88 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 Polski Holding Nieruchomosci (WAR:PHN) Overvalued in 2026?

Based on GuruFocus' analysis, Polski Holding Nieruchomosci stock appears to be undervalued. The current stock price of zł9.28 is trading 21.8% below its estimated GF Value™ of zł11.86. GuruFocus considers Polski Holding Nieruchomosci to be Modestly Undervalued.

Key valuation signals for WAR:PHN:

  • Scaled Net Operating Assets: 0.88
  • GF Value™: zł11.86 vs. price of zł9.28 (21.8% below fair value)
  • GF Score™: 61/100 with 7 warning signs

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


Polski Holding Nieruchomosci Business Description

Address al. Jana Pawla II 12, Warsaw, POL, 00-124
Polski Holding Nieruchomosci SA engages in the development, management, sale of commercial and residential real estate. It offers properties for lease and venues for training, business meetings, and recreational activities. The company operates through Lease, Property Development, and Other Activities segments. Lease segment which contributes majority revenue engages in leasing of office, retail, warehouse and logistics space, residential and other properties. Property Development segment deals with construction and sale of residential premises.
61GF Score

Get the complete analysis for WAR:PHN

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

zł9.28
Price
zł11.86
GF Value