Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Air New Zealand's operating assets for the quarter that ended in Dec. 2025 was $4,653 Mil. Air New Zealand's operating liabilities for the quarter that ended in Dec. 2025 was $2,340 Mil. Air New Zealand's Total Assets for the quarter that ended in Jun. 2025 was $5,269 Mil. Therefore, Air New Zealand's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.44.
Air New Zealand Scaled Net Operating Assets Related Terms
Air New Zealand Scaled Net Operating Assets Historical Data
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The historical data trend for Air New Zealand'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.
ANZFF vs DAL, UAL, LUV: Scaled Net Operating Assets Comparison
For the Airlines subindustry, Air New Zealand'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 New Zealand Scaled Net Operating Assets vs Transportation Industry
For the Transportation industry and Industrials sector, Air New Zealand's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Air New Zealand'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 0.44 mean?
Air New Zealand (ANZFF) has a Scaled Net Operating Assets of 0.44 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 New Zealand and its competitors.
Is Air New Zealand's Scaled Net Operating Assets too high?
Air New Zealand's current Scaled Net Operating Assets is 0.44. Overall, Air New Zealand has a GF Score™ of 38/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Air New Zealand's Scaled Net Operating Assets compare to DAL and UAL?
Air New Zealand's Scaled Net Operating Assets of 0.44 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 Air New Zealand and its competitors. Air New Zealand's current Scaled Net Operating Assets is 0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air New Zealand stock overvalued right now?
Based on GuruFocus' analysis, Air New Zealand (ANZFF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.38, compared to a current price of $0.25 — trading 35% below its estimated fair value. The current Scaled Net Operating Assets is 0.44. Air New Zealand's overall GF Score™ is 38/100 with 6 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 New Zealand (ANZFF), the current Scaled Net Operating Assets is 0.44 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 Air New Zealand (ANZFF) Overvalued in 2026?
Based on GuruFocus' analysis, Air New Zealand stock appears to be undervalued.
The current stock price of $0.25 is trading 35% below its estimated GF Value™ of $0.38.
GuruFocus considers Air New Zealand to be Possible Value Trap.
Key valuation signals for ANZFF:
Scaled Net Operating Assets: 0.44
GF Value™: $0.38 vs. price of $0.25 (35% below fair value)
No single metric tells the full story. See the ANZFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Air New Zealand, majority owned by the New Zealand government, provides air passenger and cargo transport services within New Zealand as well as to and from Australia, the Southwest Pacific, Asia, North America, the United Kingdom, and South America. Air New Zealand also encompasses business units providing engineering and ground handling services. Air New Zealand dominates the local market with around 80% share, although the majority of revenue is derived from international and trans-Tasman activity.
38GF 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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