Sunex (WAR:SNX) Scaled Net Operating Assets: 0.72 (As of Mar. 2026)


WAR:SNX Sunex SA WAR:SNX
62 GF Score
Price zł2.86
GF Value zł6.69
Valuation Possible Value Trap
! 6 Warning Signs
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What is Sunex Scaled Net Operating Assets?

Sunex WAR:SNX +4.76% 62 Scaled Net Operating Assets is 0.72 as of Mar. 2026. GuruFocus rates WAR:SNX with a GF Score™ of 62/100 and a GF Value™ of zł6.69 (Possible Value Trap). The stock has 6 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.

Sunex's operating assets for the quarter that ended in Mar. 2026 was zł273.7 Mil. Sunex's operating liabilities for the quarter that ended in Mar. 2026 was zł74.5 Mil. Sunex's Total Assets for the quarter that ended in Dec. 2025 was zł275.2 Mil. Therefore, Sunex's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.72.


Sunex Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Sunex'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.

Sunex Scaled Net Operating Assets Chart

Sunex 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 0.96 1.19 1.09 0.83 0.69

Sunex 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 0.76 0.73 0.71 0.69 0.72

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

For the Solar subindustry, Sunex'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.


Sunex Scaled Net Operating Assets vs Semiconductors Industry

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

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


WAR:SNX
62GF Score
Sunex SA WAR:SNX
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Sunex 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.

Sunex'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 )
=(273.778-69.495)/294.253
=0.69

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=275.24 - 1.462
=273.778

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=192.801 - 55.215 - 68.091
=69.495

Sunex'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 )
=(273.737-74.543)/275.24
=0.72

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=274.465 - 0.728
=273.737

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=202.357 - 56.391 - 71.423
=74.543

* 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 0.72 mean?
Sunex (WAR:SNX) has a Scaled Net Operating Assets of 0.72 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 Sunex and its competitors.
Is Sunex's Scaled Net Operating Assets too high?
Sunex's current Scaled Net Operating Assets is 0.72. Overall, Sunex has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sunex's Scaled Net Operating Assets compare to FSLR and NXT?
Sunex's Scaled Net Operating Assets of 0.72 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 Sunex and its competitors. Sunex's current Scaled Net Operating Assets is 0.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sunex stock overvalued right now?
Based on GuruFocus' analysis, Sunex (WAR:SNX) is currently considered Possible Value Trap. The stock's GF Value™ is zł6.69, compared to a current price of zł2.86 — trading 57.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.72. Sunex's overall GF Score™ is 62/100 with 6 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 Sunex (WAR:SNX), the current Scaled Net Operating Assets is 0.72 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 Sunex (WAR:SNX) Overvalued in 2026?

Based on GuruFocus' analysis, Sunex stock appears to be undervalued. The current stock price of zł2.86 is trading 57.2% below its estimated GF Value™ of zł6.69. GuruFocus considers Sunex to be Possible Value Trap.

Key valuation signals for WAR:SNX:

  • Scaled Net Operating Assets: 0.72
  • GF Value™: zł6.69 vs. price of zł2.86 (57.2% below fair value)
  • GF Score™: 62/100 with 6 warning signs

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


Sunex Business Description

Other Exchanges HN6:Germany
Address Ulica Piaskowa 7, Raciborz, POL, 47-400
Sunex SA is a manufacturer of solutions based on renewable energy sources. The company offers Heat pumps, Solar panels, Thermo-siphons, Assembly systems, Connection systems, Water heater tanks, Pump stations, Heat exchange-stations, Heat carriers, Custom products and Solar controllers.
62GF Score

Get the complete analysis for WAR:SNX

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

zł2.86
Price
zł6.69
GF Value