Starhedge (WAR:SHG) Scaled Net Operating Assets: 0.73 (As of Mar. 2026)


WAR:SHG Starhedge SA WAR:SHG
35 GF Score
Price zł0.22
GF Value zł0.14
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Starhedge Scaled Net Operating Assets?

Starhedge WAR:SHG 35 Scaled Net Operating Assets is 0.73 as of Mar. 2026. GuruFocus rates WAR:SHG with a GF Score™ of 35/100 and a GF Value™ of zł0.14 (Significantly 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.

Starhedge's operating assets for the quarter that ended in Mar. 2026 was zł45.35 Mil. Starhedge's operating liabilities for the quarter that ended in Mar. 2026 was zł4.95 Mil. Starhedge's Total Assets for the quarter that ended in Sep. 2025 was zł55.22 Mil. Therefore, Starhedge's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.73.


Starhedge Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Starhedge'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.

Starhedge Scaled Net Operating Assets Chart

Starhedge 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 0.77 0.83 0.00 0.00 0.52

Starhedge 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 0.53 0.87 0.87 0.87 0.73

WAR:SHG vs FSLR, NXT, ENPH: Scaled Net Operating Assets Comparison

For the Solar subindustry, Starhedge'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.


Starhedge Scaled Net Operating Assets vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Starhedge's Scaled Net Operating Assets distribution charts can be found below:

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


WAR:SHG
35GF Score
Starhedge SA WAR:SHG
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Starhedge 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.

Starhedge'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 )
=(55.823-6.023)/96.528
=0.52

where

Operating Assets(A: Dec. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=56.509 - 0.686
=55.823

Operating Liabilities(A: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8.365 - 0.416 - 1.926
=6.023

Starhedge'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 )
=(45.352-4.95)/55.224
=0.73

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=46.167 - 0.815
=45.352

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7.844 - 0.261 - 2.633
=4.95

* 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 0.73 mean?
Starhedge (WAR:SHG) has a Scaled Net Operating Assets of 0.73 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 Starhedge and its competitors.
Is Starhedge's Scaled Net Operating Assets too high?
Starhedge's current Scaled Net Operating Assets is 0.73. Overall, Starhedge has a GF Score™ of 35/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Starhedge's Scaled Net Operating Assets compare to FSLR and NXT?
Starhedge's Scaled Net Operating Assets of 0.73 can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Scaled Net Operating Assets depends on the Semiconductors 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 Starhedge and its competitors. Starhedge's current Scaled Net Operating Assets is 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Starhedge stock overvalued right now?
Based on GuruFocus' analysis, Starhedge (WAR:SHG) is currently considered Significantly Overvalued. The stock's GF Value™ is zł0.14, compared to a current price of zł0.22 — trading 54.3% above its estimated fair value. The current Scaled Net Operating Assets is 0.73. Starhedge's overall GF Score™ is 35/100 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 Starhedge (WAR:SHG), the current Scaled Net Operating Assets is 0.73 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 Starhedge (WAR:SHG) Overvalued in 2026?

Based on GuruFocus' analysis, Starhedge stock appears to be overvalued. The current stock price of zł0.22 is trading 54.3% above its estimated GF Value™ of zł0.14. GuruFocus considers Starhedge to be Significantly Overvalued.

Key valuation signals for WAR:SHG:

  • Scaled Net Operating Assets: 0.73
  • GF Value™: zł0.14 vs. price of zł0.22 (54.3% above fair value)
  • GF Score™: 35/100 with 8 warning signs

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


Starhedge Business Description

Address Ul. Pankiewicza 3, Warsaw, POL, 00 696
Starhedge SA is a Poland-based company active in the renewable energy sector. The company has made investments in the renewable energy sector by acquiring shares in companies that own photovoltaic panels and specialize in services related to the sale and distribution of energy.
35GF Score

Get the complete analysis for WAR:SHG

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

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Price
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GF Value