ASO (Academy Sports and Outdoors) Scaled Net Operating Assets: 0.71 (As of Apr. 2026)


ASO Academy Sports and Outdoors Inc ASO
80 GF Score
Price $48.28
GF Value $59.39
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Academy Sports and Outdoors Scaled Net Operating Assets?

Academy Sports and Outdoors ASO -5.72% 80 Scaled Net Operating Assets is 0.71 as of Apr. 2026. GuruFocus rates ASO with a GF Score™ of 80/100 and a GF Value™ of $59.39 (Modestly Undervalued). 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.

Academy Sports and Outdoors's operating assets for the quarter that ended in Apr. 2026 was $5,166 Mil. Academy Sports and Outdoors's operating liabilities for the quarter that ended in Apr. 2026 was $1,432 Mil. Academy Sports and Outdoors's Total Assets for the quarter that ended in Jan. 2026 was $5,277 Mil. Therefore, Academy Sports and Outdoors's scaled net operating assets (SNOA) for the quarter that ended in Apr. 2026 was 0.71.


Academy Sports and Outdoors Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Academy Sports and Outdoors'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.

Academy Sports and Outdoors Scaled Net Operating Assets Chart

Academy Sports and Outdoors Annual Data
Trend Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only 0.65 0.67 0.72 0.75 0.76

Academy Sports and Outdoors Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.71 0.70 0.71 0.69 0.71

ASO vs MNSO, RH, BBWI: Scaled Net Operating Assets Comparison

For the Specialty Retail subindustry, Academy Sports and Outdoors'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.


Academy Sports and Outdoors Scaled Net Operating Assets vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Academy Sports and Outdoors's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Academy Sports and Outdoors's Scaled Net Operating Assets falls into.


ASO
80GF Score
Academy Sports and Outdoors Inc ASO
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Academy Sports and Outdoors 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.

Academy Sports and Outdoors's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jan. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jan. 2026 )
=(Operating Assets (A: Jan. 2026 )-Operating Liabilities (A: Jan. 2026 ))/Total Assets (A: Jan. 2025 )
=(4946.716-1213.208)/4900.963
=0.76

where

Operating Assets(A: Jan. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5277.036 - 330.32
=4946.716

Operating Liabilities(A: Jan. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3105.659 - 1741.96 - 150.491
=1213.208

Academy Sports and Outdoors's Scaled Net Operating Assets (SNOA) for the quarter that ended in Apr. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Apr. 2026 )
=(Operating Assets (Q: Apr. 2026 )-Operating Liabilities (Q: Apr. 2026 ))/Total Assets (Q: Jan. 2026 )
=(5165.79-1431.723)/5277.036
=0.71

where

Operating Assets(Q: Apr. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5503.6 - 337.81
=5165.79

Operating Liabilities(Q: Apr. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3382.634 - 1795.91 - 155.001
=1431.723

* 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 0.71 mean?
Academy Sports and Outdoors (ASO) has a Scaled Net Operating Assets of 0.71 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 Academy Sports and Outdoors and its competitors.
Is Academy Sports and Outdoors' Scaled Net Operating Assets too high?
Academy Sports and Outdoors' current Scaled Net Operating Assets is 0.71. Overall, Academy Sports and Outdoors has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Academy Sports and Outdoors' Scaled Net Operating Assets compare to MNSO and RH?
Academy Sports and Outdoors' Scaled Net Operating Assets of 0.71 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Scaled Net Operating Assets depends on the Retail - Cyclical 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 Academy Sports and Outdoors and its competitors. Academy Sports and Outdoors's current Scaled Net Operating Assets is 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Academy Sports and Outdoors stock overvalued right now?
Based on GuruFocus' analysis, Academy Sports and Outdoors (ASO) is currently considered Modestly Undervalued. The stock's GF Value™ is $59.39, compared to a current price of $48.28 — trading 18.7% below its estimated fair value. The current Scaled Net Operating Assets is 0.71. Academy Sports and Outdoors' overall GF Score™ is 80/100 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 Academy Sports and Outdoors (ASO), the current Scaled Net Operating Assets is 0.71 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 Academy Sports and Outdoors (ASO) Overvalued in 2026?

Based on GuruFocus' analysis, Academy Sports and Outdoors stock appears to be undervalued. The current stock price of $48.28 is trading 18.7% below its estimated GF Value™ of $59.39. GuruFocus considers Academy Sports and Outdoors to be Modestly Undervalued.

Key valuation signals for ASO:

  • Scaled Net Operating Assets: 0.71
  • GF Value™: $59.39 vs. price of $48.28 (18.7% below fair value)
  • GF Score™: 80/100 with 3 warning signs

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


Academy Sports and Outdoors Business Description

Other Exchanges A2SO34:Brazil
Address 1800 North Mason Road, Katy, TX, USA, 77449
Academy Sports and Outdoors Inc is engaged in the full-line sporting goods and outdoor recreation retailer in the United States. The company's product categories are outdoors, apparel, sports & recreation, and footwear.
80GF Score

Get the complete analysis for ASO

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

$48.28
Price
$59.39
GF Value