NIS AD (XBEL:NIIS) Scaled Net Operating Assets: 0.81 (As of Mar. 2026)

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XBEL:NIIS NIS AD XBEL:NIIS
18 GF Score
Price RSD705.00
GF Value RSD705.03
! 3 Warning Signs
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What is NIS AD Scaled Net Operating Assets?

NIS AD XBEL:NIIS 18 Scaled Net Operating Assets is 0.81 as of Mar. 2026. GuruFocus rates XBEL:NIIS with a GF Score™ of 18/100 and a GF Value™ of RSD705.03. 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.

NIS AD's operating assets for the quarter that ended in Mar. 2026 was RSD437,267 Mil. NIS AD's operating liabilities for the quarter that ended in Mar. 2026 was RSD63,019 Mil. NIS AD's Total Assets for the quarter that ended in Dec. 2025 was RSD462,008 Mil. Therefore, NIS AD's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.81.


NIS AD Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for NIS AD'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.

NIS AD Scaled Net Operating Assets Chart

NIS AD 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 0.83 0.80 0.75 0.79 0.75

NIS AD 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 0.82 0.82 0.80 0.77 0.81

XBEL:NIIS vs PSX, MPC, VLO: Scaled Net Operating Assets Comparison

For the Oil & Gas Refining & Marketing subindustry, NIS AD'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.


NIS AD Scaled Net Operating Assets vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, NIS AD's Scaled Net Operating Assets distribution charts can be found below:

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


XBEL:NIIS
18GF Score
NIS AD XBEL:NIIS
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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NIS AD 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.

NIS AD'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 )
=(431842.31-50868.22)/507049.897
=0.75

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=462007.504 - 30165.194
=431842.31

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=101401.593 - 30108.881 - 20424.492
=50868.22

NIS AD'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 )
=(437266.979-63018.634)/462007.504
=0.81

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=474006.004 - 36739.025
=437266.979

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=110628.207 - 28688.991 - 18920.582
=63018.634

* 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?
NIS AD (XBEL:NIIS) 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 NIS AD and its competitors.
Is NIS AD's Scaled Net Operating Assets too high?
NIS AD's current Scaled Net Operating Assets is 0.81. Overall, NIS AD has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does NIS AD's Scaled Net Operating Assets compare to PSX and MPC?
NIS AD's Scaled Net Operating Assets of 0.81 can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good Scaled Net Operating Assets depends on the Oil & Gas 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 NIS AD and its competitors. NIS AD'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 NIS AD stock overvalued right now?
NIS AD (XBEL:NIIS) has a current Scaled Net Operating Assets of 0.81. The stock's GF Value™ is RSD705.03, compared to a current price of RSD705.00 — trading 0% below its estimated fair value. The current Scaled Net Operating Assets is 0.81. NIS AD's overall GF Score™ is 18/100 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 NIS AD (XBEL:NIIS), 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 NIS AD (XBEL:NIIS) Overvalued in 2026?

Based on GuruFocus' analysis, NIS AD stock appears to be undervalued. The current stock price of RSD705.00 is trading 0% below its estimated GF Value™ of RSD705.03.

Key valuation signals for XBEL:NIIS:

  • Scaled Net Operating Assets: 0.81
  • GF Value™: RSD705.03 vs. price of RSD705.00 (0% below fair value)
  • GF Score™: 18/100 with 3 warning signs

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


NIS AD Business Description

Industry EnergyOil & Gas
Address Narodnog Fronta 12, Novi Sad, SRB, 21000
NIS AD is vertically-integrated energy company operating in Serbia. It engages in the exploration, production, and development of crude oil and gas as well as the production of refined petroleum products, petroleum products and gas trading and electric generation and trading. NIS operates through two segments namely Upstream and Downstream. The Upstream segment includes exploration, development, and production of crude oil and natural gas and oil field services whereas the Downstream segment includes refining and marketing, processing of crude oil into refined products and purchases, sale and transport of crude and refined petroleum products. The company's products are compressed natural gas, motor fuels, energy fuels, oils and lubricants, petrochemical products, and other products.
18GF Score

Get the complete analysis for XBEL:NIIS

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

RSD705.00
Price
RSD705.03
GF Value