ETGA Group (XTAE:ETGA) Scaled Net Operating Assets: 0.79 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XTAE:ETGA ETGA Group Ltd XTAE:ETGA
86 GF Score
Price ₪20.52
GF Value ₪22.64
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is ETGA Group Scaled Net Operating Assets?

ETGA Group XTAE:ETGA +2.09% 86 Scaled Net Operating Assets is 0.79 as of Mar. 2026. GuruFocus rates XTAE:ETGA with a GF Score™ of 86/100 and a GF Value™ of ₪22.64 (Fairly Valued). 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.

ETGA Group's operating assets for the quarter that ended in Mar. 2026 was ₪1,006.9 Mil. ETGA Group's operating liabilities for the quarter that ended in Mar. 2026 was ₪222.2 Mil. ETGA Group's Total Assets for the quarter that ended in Dec. 2025 was ₪988.3 Mil. Therefore, ETGA Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.79.


ETGA Group Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for ETGA Group'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.

ETGA Group Scaled Net Operating Assets Chart

ETGA Group Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.93 0.88 0.71 1.07 0.89

ETGA Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 0.77 0.67 0.81 0.83 0.79

XTAE:ETGA vs UPS, FDX, JBHT: Scaled Net Operating Assets Comparison

For the Integrated Freight & Logistics subindustry, ETGA Group'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.


ETGA Group Scaled Net Operating Assets vs Transportation Industry

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

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


XTAE:ETGA
86GF Score
ETGA Group Ltd XTAE:ETGA
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ETGA Group 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.

ETGA Group'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 )
=(906.378-246.456)/738.006
=0.89

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=988.265 - 81.887
=906.378

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=744.538 - 19.11 - 478.972
=246.456

ETGA Group'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: Dec. 2025 )
=(1006.932-222.233)/988.265
=0.79

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1054.367 - 47.435
=1006.932

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=809.39 - 18.084 - 569.073
=222.233

* 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 0.79 mean?
ETGA Group (XTAE:ETGA) has a Scaled Net Operating Assets of 0.79 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 ETGA Group and its competitors.
Is ETGA Group's Scaled Net Operating Assets too high?
ETGA Group's current Scaled Net Operating Assets is 0.79. Overall, ETGA Group has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ETGA Group's Scaled Net Operating Assets compare to UPS and FDX?
ETGA Group's Scaled Net Operating Assets of 0.79 can be compared against companies in the Transportation 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 Transportation company?
A good Scaled Net Operating Assets depends on the Transportation 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 ETGA Group and its competitors. ETGA Group's current Scaled Net Operating Assets is 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ETGA Group stock overvalued right now?
Based on GuruFocus' analysis, ETGA Group (XTAE:ETGA) is currently considered Fairly Valued. The stock's GF Value™ is ₪22.64, compared to a current price of ₪20.52 — trading 9.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.79. ETGA Group's overall GF Score™ is 86/100 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 ETGA Group (XTAE:ETGA), the current Scaled Net Operating Assets is 0.79 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 ETGA Group (XTAE:ETGA) Overvalued in 2026?

Based on GuruFocus' analysis, ETGA Group stock appears to be undervalued. The current stock price of ₪20.52 is trading 9.4% below its estimated GF Value™ of ₪22.64. GuruFocus considers ETGA Group to be Fairly Valued.

Key valuation signals for XTAE:ETGA:

  • Scaled Net Operating Assets: 0.79
  • GF Value™: ₪22.64 vs. price of ₪20.52 (9.4% below fair value)
  • GF Score™: 86/100 with 5 warning signs

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


ETGA Group Business Description

Address Harokamim Street, Azrieli Business Park, Building D, 5th Floor, Azrieli Business Park, Building D, 26, 5th floor, Holon, ISR, 5885849
ETGA Group Ltd is engaged in two segments, logistics and financing, which constitute complementary and synergistic activities that offer an extensive basket of logistics and financing services.
86GF Score

Get the complete analysis for XTAE:ETGA

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

₪20.52
Price
₪22.64
GF Value