Bul Land Inv Re (XBUL:LAND) Scaled Net Operating Assets: 0.87 (As of Sep. 2025)


XBUL:LAND Bul Land Inv Re XBUL:LAND
29 GF Score
Price €0.58
GF Value €0.73
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Bul Land Inv Re Scaled Net Operating Assets?

Bul Land Inv Re XBUL:LAND 29 Scaled Net Operating Assets is 0.87 as of Sep. 2025. GuruFocus rates XBUL:LAND with a GF Score™ of 29/100 and a GF Value™ of €0.73 (Modestly Undervalued). The stock has 2 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.

Bul Land Inv Re's operating assets for the quarter that ended in Sep. 2025 was €7.65 Mil. Bul Land Inv Re's operating liabilities for the quarter that ended in Sep. 2025 was €0.02 Mil. Bul Land Inv Re's Total Assets for the quarter that ended in Jun. 2025 was €8.82 Mil. Therefore, Bul Land Inv Re's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2025 was 0.87.


Bul Land Inv Re Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Bul Land Inv Re'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.

Bul Land Inv Re Scaled Net Operating Assets Chart

Bul Land Inv Re 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 0.99 0.99 0.62 0.96 0.88

Bul Land Inv Re Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 0.98 0.87 0.87 0.87 0.87

XBUL:LAND vs VICI, WPC, BNL: Scaled Net Operating Assets Comparison

For the REIT - Diversified subindustry, Bul Land Inv Re'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.


Bul Land Inv Re Scaled Net Operating Assets vs REITs Industry

For the REITs industry and Real Estate sector, Bul Land Inv Re's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Bul Land Inv Re's Scaled Net Operating Assets falls into.


XBUL:LAND
29GF Score
Bul Land Inv Re XBUL:LAND
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Bul Land Inv Re 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.

Bul Land Inv Re'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 )
=(7.657-0.038)/8.704
=0.88

where

Operating Assets(A: Dec. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=8.806 - 1.149
=7.657

Operating Liabilities(A: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.038 - 0 - 0
=0.038

Bul Land Inv Re'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: Jun. 2025 )
=(7.654-0.016)/8.818
=0.87

where

Operating Assets(Q: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=8.832 - 1.178
=7.654

Operating Liabilities(Q: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.016 - 0 - 0
=0.016

* 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 0.87 mean?
Bul Land Inv Re (XBUL:LAND) has a Scaled Net Operating Assets of 0.87 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 Bul Land Inv Re and its competitors.
Is Bul Land Inv Re's Scaled Net Operating Assets too high?
Bul Land Inv Re's current Scaled Net Operating Assets is 0.87. Overall, Bul Land Inv Re has a GF Score™ of 29/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bul Land Inv Re's Scaled Net Operating Assets compare to VICI and WPC?
Bul Land Inv Re's Scaled Net Operating Assets of 0.87 can be compared against companies in the REITs 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 REITs company?
A good Scaled Net Operating Assets depends on the REITs 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 Bul Land Inv Re and its competitors. Bul Land Inv Re's current Scaled Net Operating Assets is 0.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bul Land Inv Re stock overvalued right now?
Based on GuruFocus' analysis, Bul Land Inv Re (XBUL:LAND) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.73, compared to a current price of €0.58 — trading 20.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.87. Bul Land Inv Re's overall GF Score™ is 29/100 with 2 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 Bul Land Inv Re (XBUL:LAND), the current Scaled Net Operating Assets is 0.87 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.

Is Bul Land Inv Re (XBUL:LAND) Overvalued in 2026?

Based on GuruFocus' analysis, Bul Land Inv Re stock appears to be undervalued. The current stock price of €0.58 is trading 20.5% below its estimated GF Value™ of €0.73. GuruFocus considers Bul Land Inv Re to be Modestly Undervalued.

Key valuation signals for XBUL:LAND:

  • Scaled Net Operating Assets: 0.87
  • GF Value™: €0.73 vs. price of €0.58 (20.5% below fair value)
  • GF Score™: 29/100 with 2 warning signs

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


Bul Land Inv Re Business Description

Industry Real EstateREITs
Address Christopher Columbus boulevard. No. 43, Sofia, BGR, 1592
Bul Land Inv Re is an investment company for securitization of agricultural land. The objective is to provide shareholders with a growing value of the company's shares and current income through the distribution of dividends.
29GF Score

Get the complete analysis for XBUL:LAND

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

€0.58
Price
€0.73
GF Value