BETR (Better Home & Finance Holding Co) Scaled Net Operating Assets: 0.44 (As of Mar. 2026)


BETR Better Home & Finance Holding Co BETR
26 GF Score
Price $25.68
GF Value $34.42
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Better Home & Finance Holding Co Scaled Net Operating Assets?

Better Home & Finance Holding Co BETR +0.55% 26 Scaled Net Operating Assets is 0.44 as of Mar. 2026. GuruFocus rates BETR with a GF Score™ of 26/100 and a GF Value™ of $34.42 (Modestly Undervalued). The stock has 7 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.

Better Home & Finance Holding Co's operating assets for the quarter that ended in Mar. 2026 was $1,504.5 Mil. Better Home & Finance Holding Co's operating liabilities for the quarter that ended in Mar. 2026 was $849.5 Mil. Better Home & Finance Holding Co's Total Assets for the quarter that ended in Dec. 2025 was $1,505.4 Mil. Therefore, Better Home & Finance Holding Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.44.


Better Home & Finance Holding Co Scaled Net Operating Assets Historical Data

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The historical data trend for Better Home & Finance Holding Co'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.

Better Home & Finance Holding Co Scaled Net Operating Assets Chart

Better Home & Finance Holding Co Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
0.64 0.19 0.25 0.49 0.49

Better Home & Finance Holding Co Quarterly Data
Dec21 Mar22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.48 0.43 0.32 0.32 0.44

BETR vs LDI, ONIT, VEL: Scaled Net Operating Assets Comparison

For the Mortgage Finance subindustry, Better Home & Finance Holding Co'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.


Better Home & Finance Holding Co Scaled Net Operating Assets vs Banks Industry

For the Banks industry and Financial Services sector, Better Home & Finance Holding Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Better Home & Finance Holding Co's Scaled Net Operating Assets falls into.


BETR
26GF Score
Better Home & Finance Holding Co BETR
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Better Home & Finance Holding Co 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.

Better Home & Finance Holding Co'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 )
=(1302-852.958)/913.057
=0.49

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1505.434 - 203.434
=1302

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1468.251 - 203.431 - 411.862
=852.958

Better Home & Finance Holding Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(1504.53-849.476)/1505.434
=0.44

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1568.795 - 64.265
=1504.53

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1560.242 - 203.185 - 507.581
=849.476

* 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?
Better Home & Finance Holding Co (BETR) has a Scaled Net Operating Assets of 0.44 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 Better Home & Finance Holding Co and its competitors.
Is Better Home & Finance Holding Co's Scaled Net Operating Assets too high?
Better Home & Finance Holding Co's current Scaled Net Operating Assets is 0.44. Overall, Better Home & Finance Holding Co has a GF Score™ of 26/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Better Home & Finance Holding Co's Scaled Net Operating Assets compare to LDI and ONIT?
Better Home & Finance Holding Co's Scaled Net Operating Assets of 0.44 can be compared against companies in the Banks 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 Banks company?
A good Scaled Net Operating Assets depends on the Banks 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 Better Home & Finance Holding Co and its competitors. Better Home & Finance Holding Co'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 Better Home & Finance Holding Co stock overvalued right now?
Based on GuruFocus' analysis, Better Home & Finance Holding Co (BETR) is currently considered Modestly Undervalued. The stock's GF Value™ is $34.42, compared to a current price of $25.68 — trading 25.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.44. Better Home & Finance Holding Co's overall GF Score™ is 26/100 with 7 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 Better Home & Finance Holding Co (BETR), the current Scaled Net Operating Assets is 0.44 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 Better Home & Finance Holding Co (BETR) Overvalued in 2026?

Based on GuruFocus' analysis, Better Home & Finance Holding Co stock appears to be undervalued. The current stock price of $25.68 is trading 25.4% below its estimated GF Value™ of $34.42. GuruFocus considers Better Home & Finance Holding Co to be Modestly Undervalued.

Key valuation signals for BETR:

  • Scaled Net Operating Assets: 0.44
  • GF Value™: $34.42 vs. price of $25.68 (25.4% below fair value)
  • GF Score™: 26/100 with 7 warning signs

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


Better Home & Finance Holding Co Business Description

Other Exchanges V6L:Germany
Address 285 Fulton Street, Suite A, 80th Floor, 1 World Trade Center, New York, NY, USA, 10007
Better Home & Finance Holding Co is a technology-enabled homeownership company that provides mortgage, home equity, and related services through a digital platform. The company operates through two reportable segments: Home Finance, which focuses on residential mortgage origination, including purchase, refinance, and home equity products, generating revenue mainly from loan sales; and Banking, which, through its U.K. subsidiary Birmingham Bank, offers a range of financial products and services to consumers and small businesses. It generates the majority of its revenue from the Home Finance segment.
26GF 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.

$25.68
Price
$34.42
GF Value