Stara Planina Holding AD (XBUL:SPH) Scaled Net Operating Assets: 0.77 (As of Mar. 2026)

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XBUL:SPH Stara Planina Holding AD XBUL:SPH
69 GF Score
Price €4.64
GF Value €10.19
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Stara Planina Holding AD Scaled Net Operating Assets?

Stara Planina Holding AD XBUL:SPH 69 Scaled Net Operating Assets is 0.77 as of Mar. 2026. GuruFocus rates XBUL:SPH with a GF Score™ of 69/100 and a GF Value™ of €10.19 (Significantly Undervalued). The stock has 5 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.

Stara Planina Holding AD's operating assets for the quarter that ended in Mar. 2026 was €145.6 Mil. Stara Planina Holding AD's operating liabilities for the quarter that ended in Mar. 2026 was €28.3 Mil. Stara Planina Holding AD's Total Assets for the quarter that ended in Dec. 2025 was €152.1 Mil. Therefore, Stara Planina Holding AD's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.77.


Stara Planina Holding AD Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Stara Planina Holding 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.

Stara Planina Holding AD Scaled Net Operating Assets Chart

Stara Planina Holding 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 0.75 0.75 0.79 0.74 0.73

Stara Planina Holding 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 0.77 0.71 0.75 0.73 0.77

XBUL:SPH vs GEV, ETN, PH: Scaled Net Operating Assets Comparison

For the Specialty Industrial Machinery subindustry, Stara Planina Holding 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.


Stara Planina Holding AD Scaled Net Operating Assets vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Stara Planina Holding AD's Scaled Net Operating Assets distribution charts can be found below:

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


XBUL:SPH
69GF Score
Stara Planina Holding AD XBUL:SPH
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Stara Planina Holding 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.

Stara Planina Holding 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 )
=(145.403-26.292)/162.518
=0.73

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=152.139 - 6.736
=145.403

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=28.747 - 0.134 - 2.321
=26.292

Stara Planina Holding 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 )
=(145.567-28.301)/152.139
=0.77

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=156.979 - 11.412
=145.567

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=30.434 - 0.179 - 1.954
=28.301

* 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 0.77 mean?
Stara Planina Holding AD (XBUL:SPH) has a Scaled Net Operating Assets of 0.77 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 Stara Planina Holding AD and its competitors.
Is Stara Planina Holding AD's Scaled Net Operating Assets too high?
Stara Planina Holding AD's current Scaled Net Operating Assets is 0.77. Overall, Stara Planina Holding AD has a GF Score™ of 69/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Stara Planina Holding AD's Scaled Net Operating Assets compare to GEV and ETN?
Stara Planina Holding AD's Scaled Net Operating Assets of 0.77 can be compared against companies in the Industrial Products 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 Industrial Products company?
A good Scaled Net Operating Assets depends on the Industrial Products 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 Stara Planina Holding AD and its competitors. Stara Planina Holding AD's current Scaled Net Operating Assets is 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stara Planina Holding AD stock overvalued right now?
Based on GuruFocus' analysis, Stara Planina Holding AD (XBUL:SPH) is currently considered Significantly Undervalued. The stock's GF Value™ is €10.19, compared to a current price of €4.64 — trading 54.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.77. Stara Planina Holding AD's overall GF Score™ is 69/100 with 5 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 Stara Planina Holding AD (XBUL:SPH), the current Scaled Net Operating Assets is 0.77 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 Stara Planina Holding AD (XBUL:SPH) Overvalued in 2026?

Based on GuruFocus' analysis, Stara Planina Holding AD stock appears to be undervalued. The current stock price of €4.64 is trading 54.5% below its estimated GF Value™ of €10.19. GuruFocus considers Stara Planina Holding AD to be Significantly Undervalued.

Key valuation signals for XBUL:SPH:

  • Scaled Net Operating Assets: 0.77
  • GF Value™: €10.19 vs. price of €4.64 (54.5% below fair value)
  • GF Score™: 69/100 with 5 warning signs

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


Stara Planina Holding AD Business Description

Address 20, Frederic Joliot-Curie Street, 9th Floor, Sofia, BGR, 1113
Stara Planina Holding AD is a holding company. The company is engaged in the acquisition, management, evaluation, and sale of shareholdings in Bulgarian and foreign companies; acquisition, management, and sale of bonds, evaluation and sale of patents, transfer of licenses for the use of patents, belonging to companies where the holding company has participation; financing companies where the holding company has participations; other commercial operations, except those prohibited by law. The investment portfolio of the holding is distributed mainly in the following industries, Machine Building; Electrical Engineering, Light Industry, and Financial.
69GF Score

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

€4.64
Price
€10.19
GF Value