AMIGF (Admiral Group) Scaled Net Operating Assets: -0.07 (As of Dec. 2025)


AMIGF Admiral Group PLC AMIGF
88 GF Score
Price $46.24
GF Value $50.41
Valuation Fairly Valued
! 3 Warning Signs
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What is Admiral Group Scaled Net Operating Assets?

Admiral Group AMIGF 88 Scaled Net Operating Assets is -0.07 as of Dec. 2025. GuruFocus rates AMIGF with a GF Score™ of 88/100 and a GF Value™ of $50.41 (Fairly Valued). The stock has 3 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.

Admiral Group's operating assets for the quarter that ended in Dec. 2025 was $6,792 Mil. Admiral Group's operating liabilities for the quarter that ended in Dec. 2025 was $7,622 Mil. Admiral Group's Total Assets for the quarter that ended in Jun. 2025 was $11,713 Mil. Therefore, Admiral Group's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was -0.07.

AMIGF
88GF Score
Admiral Group PLC AMIGF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Admiral 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.

Admiral 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 )
=(11755.422-7621.687)/10043.236
=0.41

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=12078.715 - 323.293
=11755.422

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=10146.185 - 2524.498 - 0
=7621.687

Admiral Group'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: Jun. 2025 )
=(6792.102-7621.687)/11713.433
=-0.07

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=12078.715 - 5286.613
=6792.102

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=10146.185 - 2524.498 - 0
=7621.687

* 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 -0.07 mean?
Admiral Group (AMIGF) has a Scaled Net Operating Assets of -0.07 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 Admiral Group and its competitors.
Is Admiral Group's Scaled Net Operating Assets too high?
Admiral Group's current Scaled Net Operating Assets is -0.07. Overall, Admiral Group has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Admiral Group's Scaled Net Operating Assets compare to CB and PGR?
Admiral Group's Scaled Net Operating Assets of -0.07 can be compared against companies in the Insurance 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 an Insurance company?
A good Scaled Net Operating Assets depends on the Insurance 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 Admiral Group and its competitors. Admiral Group's current Scaled Net Operating Assets is -0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Admiral Group stock overvalued right now?
Based on GuruFocus' analysis, Admiral Group (AMIGF) is currently considered Fairly Valued. The stock's GF Value™ is $50.41, compared to a current price of $46.24 — trading 8.3% below its estimated fair value. The current Scaled Net Operating Assets is -0.07. Admiral Group's overall GF Score™ is 88/100 with 3 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 Admiral Group (AMIGF), the current Scaled Net Operating Assets is -0.07 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.

Is Admiral Group (AMIGF) Overvalued in 2026?

Based on GuruFocus' analysis, Admiral Group stock appears to be undervalued. The current stock price of $46.24 is trading 8.3% below its estimated GF Value™ of $50.41. GuruFocus considers Admiral Group to be Fairly Valued.

Key valuation signals for AMIGF:

  • Scaled Net Operating Assets: -0.07
  • GF Value™: $50.41 vs. price of $46.24 (8.3% below fair value)
  • GF Score™: 88/100 with 3 warning signs

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

Admiral Group Business Description

Address David Street, Ty Admiral, Cardiff, GBR, CF10 2EH
Admiral is a personal lines insurer that operates predominantly in the United Kingdom. The business is primarily a motor insurer with UK and European auto insurance accounting for the majority of gross premium. The company also has a nascent but growing UK home insurance division. The company was established in 1993 to sell nonstandard risk motor insurance. These nonstandard policyholders included younger drivers, female drivers, drivers wanting to pay by credit card, and drivers based in London. Over the years the company has expanded its nonstandard risks perimeter.
88GF Score

Get the complete analysis for AMIGF

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

$46.24
Price
$50.41
GF Value