ATZAF (Aritzia) Scaled Net Operating Assets: 0.57 (As of Feb. 2026)


ATZAF Aritzia Inc ATZAF
84 GF Score
Price $111.73
GF Value $52.94
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Aritzia Scaled Net Operating Assets?

Aritzia ATZAF +1.25% 84 Scaled Net Operating Assets is 0.57 as of Feb. 2026. GuruFocus rates ATZAF with a GF Score™ of 84/100 and a GF Value™ of $52.94 (Significantly Overvalued). The stock has 4 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.

Aritzia's operating assets for the quarter that ended in Feb. 2026 was $1,864 Mil. Aritzia's operating liabilities for the quarter that ended in Feb. 2026 was $571 Mil. Aritzia's Total Assets for the quarter that ended in Nov. 2025 was $2,256 Mil. Therefore, Aritzia's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.57.


Aritzia Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Aritzia'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.

Aritzia Scaled Net Operating Assets Chart

Aritzia Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.67 0.91 0.79 0.84 0.75

Aritzia Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 0.73 0.76 0.62 0.57

ATZAF vs TJX, ROST, BURL: Scaled Net Operating Assets Comparison

For the Apparel Retail subindustry, Aritzia'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.


Aritzia Scaled Net Operating Assets vs Retail - Cyclical Industry

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

* The bar in red indicates where Aritzia's Scaled Net Operating Assets falls into.


ATZAF
84GF Score
Aritzia Inc ATZAF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Aritzia 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.

Aritzia's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Feb. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Feb. 2026 )
=(Operating Assets (A: Feb. 2026 )-Operating Liabilities (A: Feb. 2026 ))/Total Assets (A: Feb. 2025 )
=(1863.68-570.696)/1717.473
=0.75

where

Operating Assets(A: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2297.536 - 433.856
=1863.68

Operating Liabilities(A: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1300.3 - 652.726 - 76.878
=570.696

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

Scaled Net Operating Assets (SNOA)(Q: Feb. 2026 )
=(Operating Assets (Q: Feb. 2026 )-Operating Liabilities (Q: Feb. 2026 ))/Total Assets (Q: Nov. 2025 )
=(1863.68-570.696)/2255.753
=0.57

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2297.536 - 433.856
=1863.68

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1300.3 - 652.726 - 76.878
=570.696

* 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 0.57 mean?
Aritzia (ATZAF) has a Scaled Net Operating Assets of 0.57 as of Feb. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Aritzia and its competitors.
Is Aritzia's Scaled Net Operating Assets too high?
Aritzia's current Scaled Net Operating Assets is 0.57. Overall, Aritzia has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aritzia's Scaled Net Operating Assets compare to TJX and ROST?
Aritzia's Scaled Net Operating Assets of 0.57 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 Aritzia and its competitors. Aritzia's current Scaled Net Operating Assets is 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aritzia stock overvalued right now?
Based on GuruFocus' analysis, Aritzia (ATZAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $52.94, compared to a current price of $111.73 — trading 111.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.57. Aritzia's overall GF Score™ is 84/100 with 4 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 Aritzia (ATZAF), the current Scaled Net Operating Assets is 0.57 as of Feb. 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 Aritzia (ATZAF) Overvalued in 2026?

Based on GuruFocus' analysis, Aritzia stock appears to be overvalued. The current stock price of $111.73 is trading 111.1% above its estimated GF Value™ of $52.94. GuruFocus considers Aritzia to be Significantly Overvalued.

Key valuation signals for ATZAF:

  • Scaled Net Operating Assets: 0.57
  • GF Value™: $52.94 vs. price of $111.73 (111.1% above fair value)
  • GF Score™: 84/100 with 4 warning signs

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


Aritzia Business Description

Other Exchanges 280:GermanyATZ:Canada
Address 611 Alexander Street, Suite 118, Vancouver, BC, CAN, V6A 1E1
Aritzia Inc is an integrated design house of exclusive fashion brands. It designs apparel and accessories for its collection of exclusive brands and sells them under the Aritzia banner. The category of products offered by the firm is blouses, T-shirts, pants, dresses, sweaters, jackets and coats, skirts, shorts, jumpsuits, and accessories. The company reports as a single segment and includes all sales channels accessed by the company's clients, including sales through the company's eCommerce website and sales at the company's boutiques. Its geographical segments include Canada and the United States, of which it generates the majority of its revenue from the United States.
84GF Score

Get the complete analysis for ATZAF

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

$111.73
Price
$52.94
GF Value