Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Hormel Foods's operating assets for the quarter that ended in Apr. 2026 was $12,484 Mil. Hormel Foods's operating liabilities for the quarter that ended in Apr. 2026 was $2,524 Mil. Hormel Foods's Total Assets for the quarter that ended in Jan. 2026 was $13,316 Mil. Therefore, Hormel Foods's scaled net operating assets (SNOA) for the quarter that ended in Apr. 2026 was 0.75.
Hormel Foods Scaled Net Operating Assets Related Terms
Hormel Foods Scaled Net Operating Assets Historical Data
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The historical data trend for Hormel Foods'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.
HRL vs MKC, JBS, SJM: Scaled Net Operating Assets Comparison
For the Packaged Foods subindustry, Hormel Foods'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.
Hormel Foods Scaled Net Operating Assets vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Hormel Foods's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Hormel Foods'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 0.75 mean?
Hormel Foods (HRL) has a Scaled Net Operating Assets of 0.75 as of Apr. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Hormel Foods and its competitors.
Is Hormel Foods' Scaled Net Operating Assets too high?
Hormel Foods' current Scaled Net Operating Assets is 0.75. Overall, Hormel Foods has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hormel Foods' Scaled Net Operating Assets compare to MKC and JBS?
Hormel Foods' Scaled Net Operating Assets of 0.75 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Scaled Net Operating Assets depends on the Consumer Packaged Goods 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 Hormel Foods and its competitors. Hormel Foods's current Scaled Net Operating Assets is 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hormel Foods stock overvalued right now?
Based on GuruFocus' analysis, Hormel Foods (HRL) is currently considered Modestly Undervalued. The stock's GF Value™ is $31.22, compared to a current price of $26.51 — trading 15.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.75. Hormel Foods' overall GF Score™ is 64/100 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 Hormel Foods (HRL), the current Scaled Net Operating Assets is 0.75 as of Apr. 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 Hormel Foods (HRL) Overvalued in 2026?
Based on GuruFocus' analysis, Hormel Foods stock appears to be undervalued.
The current stock price of $26.51 is trading 15.1% below its estimated GF Value™ of $31.22.
GuruFocus considers Hormel Foods to be Modestly Undervalued.
Key valuation signals for HRL:
Scaled Net Operating Assets: 0.75
GF Value™: $31.22 vs. price of $26.51 (15.1% below fair value)
No single metric tells the full story. See the HRL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Historically meat-focused, Hormel Foods broadened its lineup to include other protein offerings and became a branded food company. The firm sells its wares through multiple channels, including US retail (61.6% of fiscal 2025 sales), US foodservice (32.6%), and international (5.9%). By product, 73% of fiscal 2025 sales were from perishable food and 27% from shelf-stable. Major brands include Hormel, Spam, Jennie-O, Columbus, Applegate, Planters, and Skippy. Many of these hold the number one or two market share in their respective categories.
64GF Score
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