Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Messer Tehnogas a.d's operating assets for the quarter that ended in Dec. 2025 was RSD28,404 Mil. Messer Tehnogas a.d's operating liabilities for the quarter that ended in Dec. 2025 was RSD2,020 Mil. Messer Tehnogas a.d's Total Assets for the quarter that ended in Jun. 2025 was RSD38,967 Mil. Therefore, Messer Tehnogas a.d's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.68.
Messer Tehnogas a.d Scaled Net Operating Assets Related Terms
Messer Tehnogas a.d Scaled Net Operating Assets Historical Data
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The historical data trend for Messer Tehnogas a.d'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.
Messer Tehnogas a.d Scaled Net Operating Assets Chart
XBEL:TGAS vs LIN, SHW, ECL: Scaled Net Operating Assets Comparison
For the Specialty Chemicals subindustry, Messer Tehnogas a.d'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.
Messer Tehnogas a.d Scaled Net Operating Assets vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Messer Tehnogas a.d's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Messer Tehnogas a.d's Scaled Net Operating Assets falls into.
* 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 0.68 mean?
Messer Tehnogas a.d (XBEL:TGAS) has a Scaled Net Operating Assets of 0.68 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Messer Tehnogas a.d and its competitors.
Is Messer Tehnogas a.d's Scaled Net Operating Assets too high?
Messer Tehnogas a.d's current Scaled Net Operating Assets is 0.68. Overall, Messer Tehnogas a.d has a GF Score™ of 100/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Messer Tehnogas a.d's Scaled Net Operating Assets compare to LIN and SHW?
Messer Tehnogas a.d's Scaled Net Operating Assets of 0.68 can be compared against companies in the Chemicals 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 Chemicals company?
A good Scaled Net Operating Assets depends on the Chemicals 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 Messer Tehnogas a.d and its competitors. Messer Tehnogas a.d's current Scaled Net Operating Assets is 0.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Messer Tehnogas a.d stock overvalued right now?
Based on GuruFocus' analysis, Messer Tehnogas a.d (XBEL:TGAS) is currently considered Modestly Overvalued. The stock's GF Value™ is RSD28,839.18, compared to a current price of RSD34,001.00 — trading 17.9% above its estimated fair value. The current Scaled Net Operating Assets is 0.68. Messer Tehnogas a.d's overall GF Score™ is 100/100 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 Messer Tehnogas a.d (XBEL:TGAS), the current Scaled Net Operating Assets is 0.68 as of Dec. 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.
Is Messer Tehnogas a.d (XBEL:TGAS) Overvalued in 2026?
Based on GuruFocus' analysis, Messer Tehnogas a.d stock appears to be overvalued.
The current stock price of RSD34,001.00 is trading 17.9% above its estimated GF Value™ of RSD28,839.18.
GuruFocus considers Messer Tehnogas a.d to be Modestly Overvalued.
Key valuation signals for XBEL:TGAS:
Scaled Net Operating Assets: 0.68
GF Value™: RSD28,839.18 vs. price of RSD34,001.00 (17.9% above fair value)
No single metric tells the full story. See the XBEL:TGAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Messer Tehnogas a.d. is engaged in the production and marketing of industrial and medical gases. The company serves steel and metal, metallurgy, chemical and petrochemical, food and beverage, pharmaceutical, automobile, electronics, medicine, home care, cutting and welding, water treatment and ecology and scientific research industry. Its products include oxygen, azot, argon, hydrogen, helium, home care, special gases, distribution line, HFC refrigerant fluids, natural cooling fluids, and other gases.
100GF Score
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