BHF (Brighthouse Financial) Scaled Net Operating Assets: -0.33 (As of Mar. 2026)


BHF Brighthouse Financial Inc BHF
75 GF Score
Price $63.17
GF Value $79.16
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Brighthouse Financial Scaled Net Operating Assets?

Brighthouse Financial BHF +0.69% 75 Scaled Net Operating Assets is -0.33 as of Mar. 2026. GuruFocus rates BHF with a GF Score™ of 75/100 and a GF Value™ of $79.16 (Modestly Undervalued). The stock has 5 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.

Brighthouse Financial's operating assets for the quarter that ended in Mar. 2026 was $149,428 Mil. Brighthouse Financial's operating liabilities for the quarter that ended in Mar. 2026 was $228,021 Mil. Brighthouse Financial's Total Assets for the quarter that ended in Dec. 2025 was $241,800 Mil. Therefore, Brighthouse Financial's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was -0.33.

BHF
75GF Score
Brighthouse Financial Inc BHF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Brighthouse Financial 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.

Brighthouse Financial'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 )
=(236413-231812)/238537
=0.02

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=241800 - 5387
=236413

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=234967 - 3155 - 0
=231812

Brighthouse Financial'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 )
=(149428-228021)/241800
=-0.33

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=236803 - 87375
=149428

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=231175 - 3154 - 0
=228021

* 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 -0.33 mean?
Brighthouse Financial (BHF) has a Scaled Net Operating Assets of -0.33 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 Brighthouse Financial and its competitors.
Is Brighthouse Financial's Scaled Net Operating Assets too high?
Brighthouse Financial's current Scaled Net Operating Assets is -0.33. Overall, Brighthouse Financial has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Brighthouse Financial's Scaled Net Operating Assets compare to FG and GNW?
Brighthouse Financial's Scaled Net Operating Assets of -0.33 can be compared against companies in the Insurance 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 an Insurance company?
A good Scaled Net Operating Assets depends on the Insurance 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 Brighthouse Financial and its competitors. Brighthouse Financial's current Scaled Net Operating Assets is -0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Brighthouse Financial stock overvalued right now?
Based on GuruFocus' analysis, Brighthouse Financial (BHF) is currently considered Modestly Undervalued. The stock's GF Value™ is $79.16, compared to a current price of $63.17 — trading 20.2% below its estimated fair value. The current Scaled Net Operating Assets is -0.33. Brighthouse Financial's overall GF Score™ is 75/100 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 Brighthouse Financial (BHF), the current Scaled Net Operating Assets is -0.33 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 Brighthouse Financial (BHF) Overvalued in 2026?

Based on GuruFocus' analysis, Brighthouse Financial stock appears to be undervalued. The current stock price of $63.17 is trading 20.2% below its estimated GF Value™ of $79.16. GuruFocus considers Brighthouse Financial to be Modestly Undervalued.

Key valuation signals for BHF:

  • Scaled Net Operating Assets: -0.33
  • GF Value™: $79.16 vs. price of $63.17 (20.2% below fair value)
  • GF Score™: 75/100 with 5 warning signs

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

Brighthouse Financial Business Description

Address 11225 North Community House Road, Charlotte, NC, USA, 28277
Brighthouse Financial Inc is a United States-based provider of annuity products and life insurance through independent distribution channels and marketing arrangements with distribution partners. Its segments are: Annuities, that derives majority of the revenue, includes variable, fixed, index-linked, and income annuities; The life segment includes variable, term, universal, and whole life policies; The Run-off segment consists of products that are no longer actively sold and are separately managed, including ULSG, structured settlements, pension risk transfer contracts, certain company-owned life insurance policies and certain funding agreements; and The Corporate & Other segment consists of activities related to funding agreements associated with the company.
75GF 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.

$63.17
Price
$79.16
GF Value