CSG NV (XAMS:CSG) Scaled Net Operating Assets: 0.65 (As of Sep. 2025)


XAMS:CSG CSG NV XAMS:CSG
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What is CSG NV Scaled Net Operating Assets?

CSG NV XAMS:CSG +0.73% 12 Scaled Net Operating Assets is 0.65 as of Sep. 2025. GuruFocus rates XAMS:CSG with a GF Score™ of 12/100. The stock has 3 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.

CSG NV's operating assets for the quarter that ended in Sep. 2025 was €8,809 Mil. CSG NV's operating liabilities for the quarter that ended in Sep. 2025 was €3,604 Mil. CSG NV's Total Assets for the quarter that ended in Dec. 2024 was €8,029 Mil. Therefore, CSG NV's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2025 was 0.65.


CSG NV Scaled Net Operating Assets Historical Data

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The historical data trend for CSG NV'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.

CSG NV Scaled Net Operating Assets Chart

CSG NV Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
0.55 1.11 0.02 0.94 0.00

CSG NV Quarterly Data
Dec21 Dec22 Dec23 Dec24 Sep25 Dec25
Scaled Net Operating Assets Get a 7-Day Free Trial 1.11 0.02 0.94 0.65 0.00

XAMS:CSG vs SPCX, GE, RTX: Scaled Net Operating Assets Comparison

For the Aerospace & Defense subindustry, CSG NV'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.


CSG NV Scaled Net Operating Assets vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, CSG NV's Scaled Net Operating Assets distribution charts can be found below:

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


XAMS:CSG
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CSG NV XAMS:CSG
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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CSG NV 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.

CSG NV'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 )
=(6780.8-3617.208)/3352.327
=0.94

where

Operating Assets(A: Dec. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=8029.287 - 1248.487
=6780.8

Operating Liabilities(A: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6535.402 - 2141.22 - 776.974
=3617.208

CSG NV's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2025 )
=(Operating Assets (Q: Sep. 2025 )-Operating Liabilities (Q: Sep. 2025 ))/Total Assets (Q: Dec. 2024 )
=(8808.957-3603.894)/8029.287
=0.65

where

Operating Assets(Q: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=9646.183 - 837.226
=8808.957

Operating Liabilities(Q: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7916.153 - 3952.694 - 359.565
=3603.894

* 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 0.65 mean?
CSG NV (XAMS:CSG) has a Scaled Net Operating Assets of 0.65 as of Sep. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on CSG NV and its competitors.
Is CSG NV's Scaled Net Operating Assets too high?
CSG NV's current Scaled Net Operating Assets is 0.65. Overall, CSG NV has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does CSG NV's Scaled Net Operating Assets compare to SPCX and GE?
CSG NV's Scaled Net Operating Assets of 0.65 can be compared against companies in the Aerospace & Defense 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 Aerospace & Defense company?
A good Scaled Net Operating Assets depends on the Aerospace & Defense 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 CSG NV and its competitors. CSG NV's current Scaled Net Operating Assets is 0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CSG NV stock overvalued right now?
CSG NV (XAMS:CSG) has a current Scaled Net Operating Assets of 0.65. The current Scaled Net Operating Assets is 0.65. CSG NV's overall GF Score™ is 12/100 with 3 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 CSG NV (XAMS:CSG), the current Scaled Net Operating Assets is 0.65 as of Sep. 2025. 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.

CSG NV Business Description

Address U Rustonky 714/1, Karlin, Prague, CZE, 186 00
CSG NV is a defence group in terms of medium, large- and small-calibre ammunition sales based in Prague, Czech Republic, operating in Europe, the United States and in other regions including Asia Pacific. The company's business is divided into two segments: CSG Defence Systems and CSG Ammo.
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