ATLC (Atlanticus Holdings) Scaled Net Operating Assets: 0.86 (As of Jun. 2026)

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ATLC Atlanticus Holdings Corp ATLC
62 GF Score
Price $91.08
GF Value $83.05
Valuation Fairly Valued
! 3 Warning Signs
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What is Atlanticus Holdings Scaled Net Operating Assets?

Atlanticus Holdings ATLC -2.10% 62 Scaled Net Operating Assets is 0.86 as of Jun. 2026. GuruFocus rates ATLC with a GF Score™ of 62/100 and a GF Value™ of $83.05 (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.

Atlanticus Holdings's operating assets for the quarter that ended in Jun. 2026 was $6,936.6 Mil. Atlanticus Holdings's operating liabilities for the quarter that ended in Jun. 2026 was $499.7 Mil. Atlanticus Holdings's Total Assets for the quarter that ended in Mar. 2026 was $7,465.0 Mil. Therefore, Atlanticus Holdings's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2026 was 0.86.

ATLC
62GF Score
Atlanticus Holdings Corp ATLC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Atlanticus Holdings 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.

Atlanticus Holdings'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 )
=(7001.995-476.652)/3270.707
=2.00

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=7623.088 - 621.093
=7001.995

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7019.258 - 6542.606 - 0
=476.652

Atlanticus Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2026 )
=(Operating Assets (Q: Jun. 2026 )-Operating Liabilities (Q: Jun. 2026 ))/Total Assets (Q: Mar. 2026 )
=(6936.555-499.727)/7465.034
=0.86

where

Operating Assets(Q: Jun. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=7491.77 - 555.215
=6936.555

Operating Liabilities(Q: Jun. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6794.294 - 6294.567 - 0
=499.727

* 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 0.86 mean?
Atlanticus Holdings (ATLC) has a Scaled Net Operating Assets of 0.86 as of Jun. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Atlanticus Holdings and its competitors.
Is Atlanticus Holdings' Scaled Net Operating Assets too high?
Atlanticus Holdings' current Scaled Net Operating Assets is 0.86. Overall, Atlanticus Holdings has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Atlanticus Holdings' Scaled Net Operating Assets compare to QFIN and JCAP?
Atlanticus Holdings' Scaled Net Operating Assets of 0.86 can be compared against companies in the Credit Services 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 Credit Services company?
A good Scaled Net Operating Assets depends on the Credit Services 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 Atlanticus Holdings and its competitors. Atlanticus Holdings's current Scaled Net Operating Assets is 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atlanticus Holdings stock overvalued right now?
Based on GuruFocus' analysis, Atlanticus Holdings (ATLC) is currently considered Fairly Valued. The stock's GF Value™ is $83.05, compared to a current price of $91.08 — trading 9.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.86. Atlanticus Holdings' overall GF Score™ is 62/100 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 Atlanticus Holdings (ATLC), the current Scaled Net Operating Assets is 0.86 as of Jun. 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 Atlanticus Holdings (ATLC) Overvalued in 2026?

Based on GuruFocus' analysis, Atlanticus Holdings stock appears to be overvalued. The current stock price of $91.08 is trading 9.7% above its estimated GF Value™ of $83.05. GuruFocus considers Atlanticus Holdings to be Fairly Valued.

Key valuation signals for ATLC:

  • Scaled Net Operating Assets: 0.86
  • GF Value™: $83.05 vs. price of $91.08 (9.7% above fair value)
  • GF Score™: 62/100 with 3 warning signs

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

Atlanticus Holdings Business Description

Address Five Concourse Parkway, Suite 300, Atlanta, GA, USA, 30328
Atlanticus Holdings Corp is a financial technology company powering more inclusive financial solutions for Everyday Americans. It provides technology and other support services to lenders who offer an array of financial products and services to consumers. The company's products and services are reported through two reportable segments. Credit as a Service (CaaS) offers products including private label credit cards using the Fortiva and Curae brand names as well as merchant-associated brands and Auto Finance provides purchase and/or service loans secured by automobiles from or for, and also provides floor-plan financing for, a pre-qualified network of independent automotive dealers and automotive finance companies in the buy-here, pay-here used car business.
62GF 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.

$91.08
Price
$83.05
GF Value