LEM Holding (XSWX:LEHN) Scaled Net Operating Assets: 0.69 (As of Mar. 2026)


XSWX:LEHN LEM Holding SA XSWX:LEHN
65 GF Score
Price CHF447.50
GF Value CHF818.58
Valuation Significantly Undervalued
! 6 Warning Signs
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What is LEM Holding Scaled Net Operating Assets?

LEM Holding XSWX:LEHN -0.22% 65 Scaled Net Operating Assets is 0.69 as of Mar. 2026. GuruFocus rates XSWX:LEHN with a GF Score™ of 65/100 and a GF Value™ of CHF818.58 (Significantly Undervalued). The stock has 6 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.

LEM Holding's operating assets for the quarter that ended in Mar. 2026 was CHF283.1 Mil. LEM Holding's operating liabilities for the quarter that ended in Mar. 2026 was CHF58.2 Mil. LEM Holding's Total Assets for the quarter that ended in Sep. 2025 was CHF325.4 Mil. Therefore, LEM Holding's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.69.


LEM Holding Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for LEM 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.

LEM Holding Scaled Net Operating Assets Chart

LEM Holding Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.81 0.75 0.76 0.73 0.65

LEM Holding Semi-Annual Data
Sep16 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 0.72 0.80 0.70 0.71 0.69

XSWX:LEHN vs APH, GLW, TEL: Scaled Net Operating Assets Comparison

For the Electronic Components subindustry, LEM 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.


LEM Holding Scaled Net Operating Assets vs Hardware Industry

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

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


XSWX:LEHN
65GF Score
LEM Holding SA XSWX:LEHN
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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LEM 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.

LEM Holding's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(283.074-58.241)/345.604
=0.65

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=318.488 - 35.414
=283.074

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=183.695 - 85.658 - 39.796
=58.241

LEM Holding'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 )
=(283.074-58.241)/325.407
=0.69

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=318.488 - 35.414
=283.074

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=183.695 - 85.658 - 39.796
=58.241

* 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 0.69 mean?
LEM Holding (XSWX:LEHN) has a Scaled Net Operating Assets of 0.69 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 LEM Holding and its competitors.
Is LEM Holding's Scaled Net Operating Assets too high?
LEM Holding's current Scaled Net Operating Assets is 0.69. Overall, LEM Holding has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does LEM Holding's Scaled Net Operating Assets compare to APH and GLW?
LEM Holding's Scaled Net Operating Assets of 0.69 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 LEM Holding and its competitors. LEM Holding's current Scaled Net Operating Assets is 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LEM Holding stock overvalued right now?
Based on GuruFocus' analysis, LEM Holding (XSWX:LEHN) is currently considered Significantly Undervalued. The stock's GF Value™ is CHF818.58, compared to a current price of CHF447.50 — trading 45.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.69. LEM Holding's overall GF Score™ is 65/100 with 6 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 LEM Holding (XSWX:LEHN), the current Scaled Net Operating Assets is 0.69 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 LEM Holding (XSWX:LEHN) Overvalued in 2026?

Based on GuruFocus' analysis, LEM Holding stock appears to be undervalued. The current stock price of CHF447.50 is trading 45.3% below its estimated GF Value™ of CHF818.58. GuruFocus considers LEM Holding to be Significantly Undervalued.

Key valuation signals for XSWX:LEHN:

  • Scaled Net Operating Assets: 0.69
  • GF Value™: CHF818.58 vs. price of CHF447.50 (45.3% below fair value)
  • GF Score™: 65/100 with 6 warning signs

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


LEM Holding Business Description

Other Exchanges LEHNz:UK0QKB:UK
Address Route du Nant-d’Avril 152, Meyrin, CHE, 1217
LEM Holding SA develops electrical measurement solutions for energy and mobility applications. Its products are used in customer systems for measurement, monitoring, and control purposes. Its product portfolio includes Energy meters, Rogowski coils, Voltage sensors, Current sensors, and Integrated current sensors. The company's operations are organized in two reportable segments, namely, i) Region of Asia which includes China, Japan, South Korea, India, Southeast Asia; ii) Region of Europe/Americas which includes Europe, the Middle East, Africa, NAFTA and Latin America. The majority of revenue is derived from the Asia segment.
65GF Score

Get the complete analysis for XSWX:LEHN

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

CHF447.50
Price
CHF818.58
GF Value