Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
ANA Holdings's operating assets for the quarter that ended in Mar. 2026 was $17,004 Mil. ANA Holdings's operating liabilities for the quarter that ended in Mar. 2026 was $8,071 Mil. ANA Holdings's Total Assets for the quarter that ended in Dec. 2025 was $24,524 Mil. Therefore, ANA Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.36.
ANA Holdings Scaled Net Operating Assets Related Terms
ANA Holdings Scaled Net Operating Assets Historical Data
* Premium members only.
The historical data trend for ANA Holdings'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.
ALNPY vs DAL, UAL, LUV: Scaled Net Operating Assets Comparison
For the Airlines subindustry, ANA Holdings'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.
ANA Holdings Scaled Net Operating Assets vs Transportation Industry
For the Transportation industry and Industrials sector, ANA Holdings's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where ANA Holdings'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 0.36 mean?
ANA Holdings (ALNPY) has a Scaled Net Operating Assets of 0.36 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 ANA Holdings and its competitors.
Is ANA Holdings' Scaled Net Operating Assets too high?
ANA Holdings' current Scaled Net Operating Assets is 0.36. Overall, ANA Holdings has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ANA Holdings' Scaled Net Operating Assets compare to DAL and UAL?
ANA Holdings' Scaled Net Operating Assets of 0.36 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 ANA Holdings and its competitors. ANA Holdings's current Scaled Net Operating Assets is 0.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ANA Holdings stock overvalued right now?
Based on GuruFocus' analysis, ANA Holdings (ALNPY) is currently considered Fairly Valued. The stock's GF Value™ is $4.05, compared to a current price of $3.79 — trading 6.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.36. ANA Holdings' overall GF Score™ is 80/100 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 ANA Holdings (ALNPY), the current Scaled Net Operating Assets is 0.36 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 ANA Holdings (ALNPY) Overvalued in 2026?
Based on GuruFocus' analysis, ANA Holdings stock appears to be undervalued.
The current stock price of $3.79 is trading 6.4% below its estimated GF Value™ of $4.05.
GuruFocus considers ANA Holdings to be Fairly Valued.
Key valuation signals for ALNPY:
Scaled Net Operating Assets: 0.36
GF Value™: $4.05 vs. price of $3.79 (6.4% below fair value)
No single metric tells the full story. See the ALNPY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ANA Holdings is the holding firm of Japan's largest airline, All Nippon Airways. Besides the flagship carrier, ANA also owns discount airline Peach Aviation, Hokkaido-based Air Do, and airfreight carrier Nippon Cargo Airlines. Air Japan, which was launched to provide discount flights to Southeast Asia, will cease in 2026. Prior to covid-19, passenger transport made up over 50% of group revenue, split almost equally between domestic and international passenger routes while cargo revenue made up 4%-5%. Its primary hub is Tokyo's Narita International Airport, but it is also expanding routes from Haneda Airport. ANA has minor stakes in Philippine Airlines, Vietnam Airlines, and IHG ANA Hotels Group Japan. The latter is a hotel chain in Japan owned and operated by InterContinental Hotels Group.
80GF Score
Get the complete analysis for ALNPY
Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ALNPY has been successfully added to your 
