Croatia Airlines DD (ZAG:CRAL) Scaled Net Operating Assets: 0.62 (As of Jun. 2026)

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ZAG:CRAL Croatia Airlines DD ZAG:CRAL
45 GF Score
Price €2.50
GF Value €4.31
Valuation Possible Value Trap
! 5 Warning Signs
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What is Croatia Airlines DD Scaled Net Operating Assets?

Croatia Airlines DD ZAG:CRAL 45 Scaled Net Operating Assets is 0.62 as of Jun. 2026. GuruFocus rates ZAG:CRAL with a GF Score™ of 45/100 and a GF Value™ of €4.31 (Possible Value Trap). 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.

Croatia Airlines DD's operating assets for the quarter that ended in Jun. 2026 was €424.5 Mil. Croatia Airlines DD's operating liabilities for the quarter that ended in Jun. 2026 was €160.1 Mil. Croatia Airlines DD's Total Assets for the quarter that ended in Mar. 2026 was €424.1 Mil. Therefore, Croatia Airlines DD's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2026 was 0.62.


Croatia Airlines DD Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Croatia Airlines DD'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.

Croatia Airlines DD Scaled Net Operating Assets Chart

Croatia Airlines DD 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 0.32 0.32 0.25 0.55 0.85

Croatia Airlines DD Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.45 0.89 0.59 0.65 0.62

ZAG:CRAL vs DAL, UAL, LUV: Scaled Net Operating Assets Comparison

For the Airlines subindustry, Croatia Airlines DD'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.


Croatia Airlines DD Scaled Net Operating Assets vs Transportation Industry

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

* The bar in red indicates where Croatia Airlines DD's Scaled Net Operating Assets falls into.


ZAG:CRAL
45GF Score
Croatia Airlines DD ZAG:CRAL
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Croatia Airlines DD 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.

Croatia Airlines DD'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 )
=(352.957-121.267)/274.301
=0.84

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=365.674 - 12.717
=352.957

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=358.162 - 218.027 - 18.868
=121.267

Croatia Airlines DD's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2026 )
=(Operating Assets (Q: Jun. 2026 )-Operating Liabilities (Q: Jun. 2026 ))/Total Assets (Q: Mar. 2026 )
=(424.5-160.135)/424.143
=0.62

where

Operating Assets(Q: Jun. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=446.653 - 22.153
=424.5

Operating Liabilities(Q: Jun. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=411.075 - 227.464 - 23.476
=160.135

* 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 0.62 mean?
Croatia Airlines DD (ZAG:CRAL) has a Scaled Net Operating Assets of 0.62 as of Jun. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Croatia Airlines DD and its competitors.
Is Croatia Airlines DD's Scaled Net Operating Assets too high?
Croatia Airlines DD's current Scaled Net Operating Assets is 0.62. Overall, Croatia Airlines DD has a GF Score™ of 45/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Croatia Airlines DD's Scaled Net Operating Assets compare to DAL and UAL?
Croatia Airlines DD's Scaled Net Operating Assets of 0.62 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 Croatia Airlines DD and its competitors. Croatia Airlines DD's current Scaled Net Operating Assets is 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Croatia Airlines DD stock overvalued right now?
Based on GuruFocus' analysis, Croatia Airlines DD (ZAG:CRAL) is currently considered Possible Value Trap. The stock's GF Value™ is €4.31, compared to a current price of €2.50 — trading 42% below its estimated fair value. The current Scaled Net Operating Assets is 0.62. Croatia Airlines DD's overall GF Score™ is 45/100 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 Croatia Airlines DD (ZAG:CRAL), the current Scaled Net Operating Assets is 0.62 as of Jun. 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 Croatia Airlines DD (ZAG:CRAL) Overvalued in 2026?

Based on GuruFocus' analysis, Croatia Airlines DD stock appears to be undervalued. The current stock price of €2.50 is trading 42% below its estimated GF Value™ of €4.31. GuruFocus considers Croatia Airlines DD to be Possible Value Trap.

Key valuation signals for ZAG:CRAL:

  • Scaled Net Operating Assets: 0.62
  • GF Value™: €4.31 vs. price of €2.50 (42% below fair value)
  • GF Score™: 45/100 with 5 warning signs

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


Croatia Airlines DD Business Description

Address Bani 75/b, Buzin, Zagreb, HRV, 10 010
Croatia Airlines DD is an airline transportation service provider in Croatia. Its operations consist of light and cabin operations, traffic training center, operations center, operations engineering, crew plan, ground operations, traffic administrative support, and traffic quality and operations safety management. The company offers both scheduled services as well as charter services, and the scheduled services earn majority revenues. Geographically, it has a presence in Croatia, Germany, USA, France, Great Britain, and Other countries.
45GF Score

Get the complete analysis for ZAG:CRAL

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

€2.50
Price
€4.31
GF Value