Exel Industries (XPAR:EXE) Scaled Net Operating Assets: 0.73 (As of Mar. 2026)


XPAR:EXE Exel Industries SA XPAR:EXE
67 GF Score
Price €20.10
GF Value €38.27
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Exel Industries Scaled Net Operating Assets?

Exel Industries XPAR:EXE -0.50% 67 Scaled Net Operating Assets is 0.73 as of Mar. 2026. GuruFocus rates XPAR:EXE with a GF Score™ of 67/100 and a GF Value™ of €38.27 (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.

Exel Industries's operating assets for the quarter that ended in Mar. 2026 was €884.4 Mil. Exel Industries's operating liabilities for the quarter that ended in Mar. 2026 was €269.3 Mil. Exel Industries's Total Assets for the quarter that ended in Sep. 2025 was €840.4 Mil. Therefore, Exel Industries's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.73.


Exel Industries Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Exel Industries'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.

Exel Industries Scaled Net Operating Assets Chart

Exel Industries Annual Data
Trend Aug15 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.57 0.74 0.63 0.67 0.64

Exel Industries Semi-Annual Data
Feb16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.73 0.60 0.72 0.61 0.73

XPAR:EXE vs CAT, DE, PCAR: Scaled Net Operating Assets Comparison

For the Farm & Heavy Construction Machinery subindustry, Exel Industries'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.


Exel Industries Scaled Net Operating Assets vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Exel Industries's Scaled Net Operating Assets distribution charts can be found below:

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


XPAR:EXE
67GF Score
Exel Industries SA XPAR:EXE
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Exel Industries 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.

Exel Industries's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Sep. 2025 )
=(Operating Assets (A: Sep. 2025 )-Operating Liabilities (A: Sep. 2025 ))/Total Assets (A: Sep. 2024 )
=(798.631-232.828)/887.293
=0.64

where

Operating Assets(A: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=840.403 - 41.772
=798.631

Operating Liabilities(A: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=373.135 - 62.888 - 77.419
=232.828

Exel Industries'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: Sep. 2025 )
=(884.436-269.253)/840.403
=0.73

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=925.702 - 41.266
=884.436

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=478.572 - 90.94 - 118.379
=269.253

* 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 0.73 mean?
Exel Industries (XPAR:EXE) has a Scaled Net Operating Assets of 0.73 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 Exel Industries and its competitors.
Is Exel Industries' Scaled Net Operating Assets too high?
Exel Industries' current Scaled Net Operating Assets is 0.73. Overall, Exel Industries has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Exel Industries' Scaled Net Operating Assets compare to CAT and DE?
Exel Industries' Scaled Net Operating Assets of 0.73 can be compared against companies in the Farm & Heavy Construction Machinery 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 Farm & Heavy Construction Machinery company?
A good Scaled Net Operating Assets depends on the Farm & Heavy Construction Machinery 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 Exel Industries and its competitors. Exel Industries's current Scaled Net Operating Assets is 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Exel Industries stock overvalued right now?
Based on GuruFocus' analysis, Exel Industries (XPAR:EXE) is currently considered Significantly Undervalued. The stock's GF Value™ is €38.27, compared to a current price of €20.10 — trading 47.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.73. Exel Industries' overall GF Score™ is 67/100 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 Exel Industries (XPAR:EXE), the current Scaled Net Operating Assets is 0.73 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 Exel Industries (XPAR:EXE) Overvalued in 2026?

Based on GuruFocus' analysis, Exel Industries stock appears to be undervalued. The current stock price of €20.10 is trading 47.5% below its estimated GF Value™ of €38.27. GuruFocus considers Exel Industries to be Significantly Undervalued.

Key valuation signals for XPAR:EXE:

  • Scaled Net Operating Assets: 0.73
  • GF Value™: €38.27 vs. price of €20.10 (47.5% below fair value)
  • GF Score™: 67/100 with 5 warning signs

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


Exel Industries Business Description

Other Exchanges 0NA0:UK8YK:Germany
Address 52, rue de la Victoire, Paris, FRA, 75009
Exel Industries SA is a French company which is active in the business of manufacture of spraying equipment for plant protection for professional, semi-professional and consumer agricultural applications. The company is also engaged in the business of sugar beet harvesting, providing gardening, spraying and watering equipment and industrial precision spraying solutions which cover protection, finishes, lubrication and pollution clean-up. It markets its products under the brand name of Hozelock, Berthoud, Tecnoma, Laser and Cooper Pegler brands, Kremlin rexsons and Sames. The company earns the majority of its revenue from the agricultural equipment business and geographically from Europe region.
67GF 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.

€20.10
Price
€38.27
GF Value