Icape Holding (XPAR:ALICA) Scaled Net Operating Assets: 0.38 (As of Dec. 2025)


XPAR:ALICA Icape Holding SA XPAR:ALICA
83 GF Score
Price €7.20
GF Value €11.09
Valuation Possible Value Trap
! 5 Warning Signs
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What is Icape Holding Scaled Net Operating Assets?

Icape Holding XPAR:ALICA 83 Scaled Net Operating Assets is 0.38 as of Dec. 2025. GuruFocus rates XPAR:ALICA with a GF Score™ of 83/100 and a GF Value™ of €11.09 (Possible Value Trap). 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.

Icape Holding's operating assets for the quarter that ended in Dec. 2025 was €127.4 Mil. Icape Holding's operating liabilities for the quarter that ended in Dec. 2025 was €67.1 Mil. Icape Holding's Total Assets for the quarter that ended in Jun. 2025 was €160.2 Mil. Therefore, Icape Holding's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.38.


Icape Holding Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Icape Holding'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.

Icape Holding Scaled Net Operating Assets Chart

Icape Holding Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.26 0.41 0.39 0.48 0.38

Icape Holding Semi-Annual Data
Dec18 Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.40 0.40 0.49 0.42 0.38

XPAR:ALICA vs APH, GLW, TEL: Scaled Net Operating Assets Comparison

For the Electronic Components subindustry, Icape Holding'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.


Icape Holding Scaled Net Operating Assets vs Hardware Industry

For the Hardware industry and Technology sector, Icape Holding's Scaled Net Operating Assets distribution charts can be found below:

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


XPAR:ALICA
83GF Score
Icape Holding SA XPAR:ALICA
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Icape Holding 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.

Icape Holding'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 )
=(127.355-67.082)/159.615
=0.38

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=145.251 - 17.896
=127.355

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=120.447 - 35.874 - 17.491
=67.082

Icape Holding's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(127.355-67.082)/160.202
=0.38

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=145.251 - 17.896
=127.355

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=120.447 - 35.874 - 17.491
=67.082

* 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 0.38 mean?
Icape Holding (XPAR:ALICA) has a Scaled Net Operating Assets of 0.38 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 Icape Holding and its competitors.
Is Icape Holding's Scaled Net Operating Assets too high?
Icape Holding's current Scaled Net Operating Assets is 0.38. Overall, Icape Holding has a GF Score™ of 83/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Icape Holding's Scaled Net Operating Assets compare to APH and GLW?
Icape Holding's Scaled Net Operating Assets of 0.38 can be compared against companies in the Hardware 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 Hardware company?
A good Scaled Net Operating Assets depends on the Hardware 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 Icape Holding and its competitors. Icape Holding's current Scaled Net Operating Assets is 0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Icape Holding stock overvalued right now?
Based on GuruFocus' analysis, Icape Holding (XPAR:ALICA) is currently considered Possible Value Trap. The stock's GF Value™ is €11.09, compared to a current price of €7.20 — trading 35.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.38. Icape Holding's overall GF Score™ is 83/100 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 Icape Holding (XPAR:ALICA), the current Scaled Net Operating Assets is 0.38 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 Icape Holding (XPAR:ALICA) Overvalued in 2026?

Based on GuruFocus' analysis, Icape Holding stock appears to be undervalued. The current stock price of €7.20 is trading 35.1% below its estimated GF Value™ of €11.09. GuruFocus considers Icape Holding to be Possible Value Trap.

Key valuation signals for XPAR:ALICA:

  • Scaled Net Operating Assets: 0.38
  • GF Value™: €11.09 vs. price of €7.20 (35.1% below fair value)
  • GF Score™: 83/100 with 5 warning signs

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


Icape Holding Business Description

Other Exchanges Z8J:Germany
Address Immeuble Volta 33 Avenue du General Leclerc, Fontenay-aux-Roses, FRA, 92260
Icape Holding SA is engaged in the distribution, trade, and production of printed circuit boards (PCB), which are essential components used across the electronics industry, including the business, telecommunications, automotive, connected objects, home automation, e-mobility, medical, power, multimedia, and IT industries. Its segemnts are: It operates through the Trade in printed circuit boards (PCB) - Americas; Trade and production of printed circuit boards (PCB); Trade and production of printed circuit boards (PCB) - Central Europe; Trade in printed circuit boards (PCB) - Asia and the Rest of the World, which generates maximum revenue; Trade and production of technical parts (Tech Parts) - Europe; and Trade and production of technical parts (Tech Parts) - Rest of the World.
83GF Score

Get the complete analysis for XPAR:ALICA

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

€7.20
Price
€11.09
GF Value