Zehnder Group AG (XSWX:ZEHN) Scaled Net Operating Assets: 0.47 (As of Dec. 2025)

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XSWX:ZEHN Zehnder Group AG XSWX:ZEHN
78 GF Score
Price CHF62.60
GF Value CHF58.24
Valuation Fairly Valued
! 2 Warning Signs
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What is Zehnder Group AG Scaled Net Operating Assets?

Zehnder Group AG XSWX:ZEHN -0.63% 78 Scaled Net Operating Assets is 0.47 as of Dec. 2025. GuruFocus rates XSWX:ZEHN with a GF Score™ of 78/100 and a GF Value™ of CHF58.24 (Fairly Valued). The stock has 2 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.

Zehnder Group AG's operating assets for the quarter that ended in Dec. 2025 was CHF389.1 Mil. Zehnder Group AG's operating liabilities for the quarter that ended in Dec. 2025 was CHF176.8 Mil. Zehnder Group AG's Total Assets for the quarter that ended in Jun. 2025 was CHF447.3 Mil. Therefore, Zehnder Group AG's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.47.


Zehnder Group AG Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Zehnder Group 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.

Zehnder Group AG Scaled Net Operating Assets Chart

Zehnder Group 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 0.44 0.49 0.49 0.35 0.48

Zehnder Group 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 0.49 0.54 0.37 0.42 0.48

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

For the Building Products & Equipment subindustry, Zehnder Group 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.


Zehnder Group AG Scaled Net Operating Assets vs Construction Industry

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

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


XSWX:ZEHN
78GF Score
Zehnder Group AG XSWX:ZEHN
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Zehnder Group 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.

Zehnder Group 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 )
=(389.118-176.83)/445.053
=0.48

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=426.444 - 37.326
=389.118

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=176.83 - 0 - 0
=176.83

Zehnder Group 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 )
=(389.118-176.83)/447.307
=0.47

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=426.444 - 37.326
=389.118

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=176.83 - 0 - 0
=176.83

* 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 0.47 mean?
Zehnder Group AG (XSWX:ZEHN) has a Scaled Net Operating Assets of 0.47 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 Zehnder Group AG and its competitors.
Is Zehnder Group AG's Scaled Net Operating Assets too high?
Zehnder Group AG's current Scaled Net Operating Assets is 0.47. Overall, Zehnder Group AG has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zehnder Group AG's Scaled Net Operating Assets compare to TT and JCI?
Zehnder Group AG's Scaled Net Operating Assets of 0.47 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 Zehnder Group AG and its competitors. Zehnder Group AG's current Scaled Net Operating Assets is 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zehnder Group AG stock overvalued right now?
Based on GuruFocus' analysis, Zehnder Group AG (XSWX:ZEHN) is currently considered Fairly Valued. The stock's GF Value™ is CHF58.24, compared to a current price of CHF62.60 — trading 7.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.47. Zehnder Group AG's overall GF Score™ is 78/100 with 2 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 Zehnder Group AG (XSWX:ZEHN), the current Scaled Net Operating Assets is 0.47 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 Zehnder Group AG (XSWX:ZEHN) Overvalued in 2026?

Based on GuruFocus' analysis, Zehnder Group AG stock appears to be overvalued. The current stock price of CHF62.60 is trading 7.5% above its estimated GF Value™ of CHF58.24. GuruFocus considers Zehnder Group AG to be Fairly Valued.

Key valuation signals for XSWX:ZEHN:

  • Scaled Net Operating Assets: 0.47
  • GF Value™: CHF58.24 vs. price of CHF62.60 (7.5% above fair value)
  • GF Score™: 78/100 with 2 warning signs

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


Zehnder Group AG Business Description

Other Exchanges ZEHNz:UK0R6S:UKZEH2:Germany
Address Moortalstrasse 1, Granichen, CHE, 5722
Zehnder Group AG is an indoor climate system supplier. The products and services of the Group include heating, cooling, indoor ventilation, and air cleaning. The business activity of the company functions through Europe, China, and North America. The company has two segments, Ventilation and Radiators. The ventilation segment covers the three product lines for ventilation, heat exchangers, and clean air solutions, and generates maximum revenue. The radiator segment contains two product lines: radiators and climate ceilings. The company generates revenue from the EMEA (Europe, the Middle East, and Africa) Region.
78GF Score

Get the complete analysis for XSWX:ZEHN

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

CHF62.60
Price
CHF58.24
GF Value