Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Kardex Holding AG's operating assets for the quarter that ended in Dec. 2025 was CHF342.2 Mil. Kardex Holding AG's operating liabilities for the quarter that ended in Dec. 2025 was CHF217.7 Mil. Kardex Holding AG's Total Assets for the quarter that ended in Jun. 2025 was CHF463.9 Mil. Therefore, Kardex Holding AG's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.27.
Kardex Holding AG Scaled Net Operating Assets Related Terms
Kardex Holding AG Scaled Net Operating Assets Historical Data
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The historical data trend for Kardex 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.
Kardex Holding AG Scaled Net Operating Assets Chart
XSWX:KARN vs GEV, ETN, PH: Scaled Net Operating Assets Comparison
For the Specialty Industrial Machinery subindustry, Kardex 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.
Kardex Holding AG Scaled Net Operating Assets vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Kardex Holding AG's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Kardex Holding AG's Scaled Net Operating Assets falls into.
* 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 0.27 mean?
Kardex Holding AG (XSWX:KARN) has a Scaled Net Operating Assets of 0.27 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 Kardex Holding AG and its competitors.
Is Kardex Holding AG's Scaled Net Operating Assets too high?
Kardex Holding AG's current Scaled Net Operating Assets is 0.27. Overall, Kardex Holding AG has a GF Score™ of 98/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kardex Holding AG's Scaled Net Operating Assets compare to GEV and ETN?
Kardex Holding AG's Scaled Net Operating Assets of 0.27 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 Kardex Holding AG and its competitors. Kardex Holding AG's current Scaled Net Operating Assets is 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kardex Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Kardex Holding AG (XSWX:KARN) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF305.03, compared to a current price of CHF226.50 — trading 25.7% below its estimated fair value. The current Scaled Net Operating Assets is 0.27. Kardex Holding AG's overall GF Score™ is 98/100 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 Kardex Holding AG (XSWX:KARN), the current Scaled Net Operating Assets is 0.27 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 Kardex Holding AG (XSWX:KARN) Overvalued in 2026?
Based on GuruFocus' analysis, Kardex Holding AG stock appears to be undervalued.
The current stock price of CHF226.50 is trading 25.7% below its estimated GF Value™ of CHF305.03.
GuruFocus considers Kardex Holding AG to be Modestly Undervalued.
Key valuation signals for XSWX:KARN:
Scaled Net Operating Assets: 0.27
GF Value™: CHF305.03 vs. price of CHF226.50 (25.7% below fair value)
No single metric tells the full story. See the XSWX:KARN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kardex Holding AG is a partner for intralogistics solutions. The Group offers premium automated products, standardized systems, and life cycle services and provides dynamic storage and retrieval systems, integrated material handling systems, small parts storage systems including multi-shuttle technology, automated high-bay warehouses, and flexible and modular storage and order fulfillment solutions as an AutoStore partner. It is organized into two reporting segments: Automated Products, which generates maximum revenue, and Standardized Systems. Automated Products consists of the Business Unit Kardex Remstar, while Standardized Systems includes the Business Units Kardex Mlog, Kardex AS Solutions, and Rocket Solution. The company operates in Europe, the Americas, and Asia-Pacific.
98GF Score
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