AIIR (AIR Global) Scaled Net Operating Assets: 0.75 (As of Dec. 2025)


AIIR AIR Global PLC AIIR
21 GF Score
Price $6.77
! 2 Warning Signs
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What is AIR Global Scaled Net Operating Assets?

AIR Global AIIR +0.89% 21 Scaled Net Operating Assets is 0.75 as of Dec. 2025. GuruFocus rates AIIR with a GF Score™ of 21/100. 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.

AIR Global's operating assets for the quarter that ended in Dec. 2025 was $603.7 Mil. AIR Global's operating liabilities for the quarter that ended in Dec. 2025 was $113.0 Mil. AIR Global's Total Assets for the quarter that ended in Dec. 2024 was $656.0 Mil. Therefore, AIR Global's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.75.

AIR Global Scaled Net Operating Assets Historical Data

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The historical data trend for AIR Global'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.

AIR Global Scaled Net Operating Assets Chart

AIR Global Annual Data
Trend Dec23 Dec24 Dec25
Scaled Net Operating Assets
0.79 0.71 0.75

AIR Global Semi-Annual Data
Dec23 Dec24 Dec25
Scaled Net Operating Assets 0.79 0.71 0.75

AIIR vs UVV, TPB, ISPR: Scaled Net Operating Assets Comparison

For the Tobacco subindustry, AIR Global'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.

AIR Global Scaled Net Operating Assets vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, AIR Global's Scaled Net Operating Assets distribution charts can be found below:

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


AIIR
21GF Score
AIR Global PLC AIIR
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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AIR Global 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.

AIR Global'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 )
=(603.734-113.006)/656.017
=0.75

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=723.19 - 119.456
=603.734

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=513.82 - 367.614 - 33.2
=113.006

AIR Global'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: Dec. 2024 )
=(603.734-113.006)/656.017
=0.75

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=723.19 - 119.456
=603.734

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=513.82 - 367.614 - 33.2
=113.006

* 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?
AIR Global (AIIR) has a Scaled Net Operating Assets of 0.75 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 AIR Global and its competitors.
Is AIR Global's Scaled Net Operating Assets too high?
AIR Global's current Scaled Net Operating Assets is 0.75. Overall, AIR Global has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does AIR Global's Scaled Net Operating Assets compare to UVV and TPB?
AIR Global's Scaled Net Operating Assets of 0.75 can be compared against companies in the Tobacco Products 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 Tobacco Products company?
A good Scaled Net Operating Assets depends on the Tobacco Products 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 AIR Global and its competitors. AIR Global'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 AIR Global stock overvalued right now?
AIR Global (AIIR) has a current Scaled Net Operating Assets of 0.75. The current Scaled Net Operating Assets is 0.75. AIR Global's overall GF Score™ is 21/100 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 AIR Global (AIIR), the current Scaled Net Operating Assets is 0.75 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.

AIR Global Business Description

Address Festival Office Tower, Dubai Festival City, 7th Floor, Dubai, ARE
AIR Global PLC operates in the social inhalation products sector and has operations across multiple international markets. Its portfolio includes businesses and products related to shisha and hookah, including flavored shisha molasses, hookah and shisha e-commerce platforms, and charcoal-free shisha devices. The company also conducts product research and testing in partnership with independent laboratories to support the development of inhalation-related products and technologies.
21GF Score

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

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