Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
AvalonBay Communities's operating assets for the quarter that ended in Mar. 2026 was $22,006 Mil. AvalonBay Communities's operating liabilities for the quarter that ended in Mar. 2026 was $889 Mil. AvalonBay Communities's Total Assets for the quarter that ended in Dec. 2025 was $22,192 Mil. Therefore, AvalonBay Communities's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.95.
AvalonBay Communities Scaled Net Operating Assets Related Terms
AvalonBay Communities Scaled Net Operating Assets Historical Data
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The historical data trend for AvalonBay Communities'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.
AvalonBay Communities Scaled Net Operating Assets Chart
AVB vs EQR, ESS, INVH: Scaled Net Operating Assets Comparison
For the REIT - Residential subindustry, AvalonBay Communities'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.
AvalonBay Communities Scaled Net Operating Assets vs REITs Industry
For the REITs industry and Real Estate sector, AvalonBay Communities's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where AvalonBay Communities'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 0.95 mean?
AvalonBay Communities (AVB) has a Scaled Net Operating Assets of 0.95 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on AvalonBay Communities and its competitors.
Is AvalonBay Communities' Scaled Net Operating Assets too high?
AvalonBay Communities' current Scaled Net Operating Assets is 0.95. Overall, AvalonBay Communities has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does AvalonBay Communities' Scaled Net Operating Assets compare to EQR and ESS?
AvalonBay Communities' Scaled Net Operating Assets of 0.95 can be compared against companies in the REITs 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 REITs company?
A good Scaled Net Operating Assets depends on the REITs 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 AvalonBay Communities and its competitors. AvalonBay Communities's current Scaled Net Operating Assets is 0.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AvalonBay Communities stock overvalued right now?
Based on GuruFocus' analysis, AvalonBay Communities (AVB) is currently considered Fairly Valued. The stock's GF Value™ is $207.83, compared to a current price of $190.12 — trading 8.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.95. AvalonBay Communities' overall GF Score™ is 84/100 with 5 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 AvalonBay Communities (AVB), the current Scaled Net Operating Assets is 0.95 as of Mar. 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 AvalonBay Communities (AVB) Overvalued in 2026?
Based on GuruFocus' analysis, AvalonBay Communities stock appears to be undervalued.
The current stock price of $190.12 is trading 8.5% below its estimated GF Value™ of $207.83.
GuruFocus considers AvalonBay Communities to be Fairly Valued.
Key valuation signals for AVB:
Scaled Net Operating Assets: 0.95
GF Value™: $207.83 vs. price of $190.12 (8.5% below fair value)
No single metric tells the full story. See the AVB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AvalonBay Communities owns a portfolio of 296 apartment communities with more than 90,000 units and is developing 24 additional properties with approximately 8,600 units. The company focuses on owning large, high-quality properties in major metropolitan areas of New England, New York/New Jersey, Washington, D.C., California, and the Pacific Northwest.
84GF 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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