Forbo Holding AG (XSWX:FORN) Scaled Net Operating Assets: 0.58 (As of Dec. 2025)


XSWX:FORN Forbo Holding AG XSWX:FORN
73 GF Score
Price CHF739.00
GF Value CHF879.59
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Forbo Holding AG Scaled Net Operating Assets?

Forbo Holding AG XSWX:FORN +0.41% 73 Scaled Net Operating Assets is 0.58 as of Dec. 2025. GuruFocus rates XSWX:FORN with a GF Score™ of 73/100 and a GF Value™ of CHF879.59 (Modestly Undervalued). The stock has 3 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.

Forbo Holding AG's operating assets for the quarter that ended in Dec. 2025 was CHF881 Mil. Forbo Holding AG's operating liabilities for the quarter that ended in Dec. 2025 was CHF322 Mil. Forbo Holding AG's Total Assets for the quarter that ended in Jun. 2025 was CHF958 Mil. Therefore, Forbo Holding AG's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.58.


Forbo Holding AG Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Forbo Holding AG'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.

Forbo Holding AG Scaled Net Operating Assets Chart

Forbo Holding AG 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 0.39 0.51 0.51 0.57 0.57

Forbo Holding AG Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.50 0.62 0.54 0.58 0.58

XSWX:FORN vs TT, JCI, CARR: Scaled Net Operating Assets Comparison

For the Building Products & Equipment subindustry, Forbo Holding AG'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.


Forbo Holding AG Scaled Net Operating Assets vs Construction Industry

For the Construction industry and Industrials sector, Forbo Holding AG's Scaled Net Operating Assets distribution charts can be found below:

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


XSWX:FORN
73GF Score
Forbo Holding AG XSWX:FORN
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Forbo Holding AG 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.

Forbo Holding AG'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 )
=(881.2-322.3)/975.8
=0.57

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=971.9 - 90.7
=881.2

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=322.3 - 0 - 0
=322.3

Forbo Holding AG'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 )
=(881.2-322.3)/957.5
=0.58

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=971.9 - 90.7
=881.2

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=322.3 - 0 - 0
=322.3

* 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 0.58 mean?
Forbo Holding AG (XSWX:FORN) has a Scaled Net Operating Assets of 0.58 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 Forbo Holding AG and its competitors.
Is Forbo Holding AG's Scaled Net Operating Assets too high?
Forbo Holding AG's current Scaled Net Operating Assets is 0.58. Overall, Forbo Holding AG has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Forbo Holding AG's Scaled Net Operating Assets compare to TT and JCI?
Forbo Holding AG's Scaled Net Operating Assets of 0.58 can be compared against companies in the Construction 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 Construction company?
A good Scaled Net Operating Assets depends on the Construction 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 Forbo Holding AG and its competitors. Forbo Holding AG's current Scaled Net Operating Assets is 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forbo Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Forbo Holding AG (XSWX:FORN) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF879.59, compared to a current price of CHF739.00 — trading 16% below its estimated fair value. The current Scaled Net Operating Assets is 0.58. Forbo Holding AG's overall GF Score™ is 73/100 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 Forbo Holding AG (XSWX:FORN), the current Scaled Net Operating Assets is 0.58 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 Forbo Holding AG (XSWX:FORN) Overvalued in 2026?

Based on GuruFocus' analysis, Forbo Holding AG stock appears to be undervalued. The current stock price of CHF739.00 is trading 16% below its estimated GF Value™ of CHF879.59. GuruFocus considers Forbo Holding AG to be Modestly Undervalued.

Key valuation signals for XSWX:FORN:

  • Scaled Net Operating Assets: 0.58
  • GF Value™: CHF879.59 vs. price of CHF739.00 (16% below fair value)
  • GF Score™: 73/100 with 3 warning signs

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


Forbo Holding AG Business Description

Other Exchanges FORNz:UK0QKD:UKFOZN:Germany
Address Lindenstrasse 8, P.O. Box 1339, Baar, CHE, CH-6341
Forbo Holding AG manufactures and sells flooring and movement systems. The company organizes itself into two segments based on product type. The Flooring Systems segment, which generates the majority of revenue, sells commercial and residential floor coverings, entrance flooring systems, and building and construction flooring adhesives to the construction and remodeling industries. The Movement Systems segment sells conveyor and processing belts, plastic modular belts, power transmission belts, and flat modular belts, to the food, automotive, and fitness equipment industries. The majority of revenue comes from Europe, and also has its presence in Americas and Asia/Pacific and Africa.
73GF Score

Get the complete analysis for XSWX:FORN

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

CHF739.00
Price
CHF879.59
GF Value