BRLAF (British Land Co) Scaled Net Operating Assets: 0.97 (As of Mar. 2026)


BRLAF British Land Co PLC BRLAF
72 GF Score
Price $5.56
GF Value $5.09
Valuation Fairly Valued
! 5 Warning Signs
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What is British Land Co Scaled Net Operating Assets?

British Land Co BRLAF 72 Scaled Net Operating Assets is 0.97 as of Mar. 2026. GuruFocus rates BRLAF with a GF Score™ of 72/100 and a GF Value™ of $5.09 (Fairly Valued). 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.

British Land Co's operating assets for the quarter that ended in Mar. 2026 was $12,245.3 Mil. British Land Co's operating liabilities for the quarter that ended in Mar. 2026 was $430.7 Mil. British Land Co's Total Assets for the quarter that ended in Sep. 2025 was $12,154.1 Mil. Therefore, British Land Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.97.


British Land Co Scaled Net Operating Assets Historical Data

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The historical data trend for British Land 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.

British Land Co Scaled Net Operating Assets Chart

British Land Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.01 0.72 0.96 1.08 1.03

British Land Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 Premium Member Only Premium Member Only Premium Member Only 0.96 1.02 1.00 1.00 0.97

BRLAF vs VICI, WPC: Scaled Net Operating Assets Comparison

For the REIT - Diversified subindustry, British Land 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.


British Land Co Scaled Net Operating Assets vs REITs Industry

For the REITs industry and Real Estate sector, British Land Co's Scaled Net Operating Assets distribution charts can be found below:

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


BRLAF
72GF Score
British Land Co PLC BRLAF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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British Land 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.

British Land Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(12245.333-430.667)/11466.408
=1.03

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=12480 - 234.667
=12245.333

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4570.667 - 3436 - 704
=430.667

British Land 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: Sep. 2025 )
=(12245.333-430.667)/12154.054
=0.97

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=12480 - 234.667
=12245.333

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4570.667 - 3436 - 704
=430.667

* 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 0.97 mean?
British Land Co (BRLAF) has a Scaled Net Operating Assets of 0.97 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 British Land Co and its competitors.
Is British Land Co's Scaled Net Operating Assets too high?
British Land Co's current Scaled Net Operating Assets is 0.97. Overall, British Land Co has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does British Land Co's Scaled Net Operating Assets compare to VICI and WPC?
British Land Co's Scaled Net Operating Assets of 0.97 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 British Land Co and its competitors. British Land Co's current Scaled Net Operating Assets is 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is British Land Co stock overvalued right now?
Based on GuruFocus' analysis, British Land Co (BRLAF) is currently considered Fairly Valued. The stock's GF Value™ is $5.09, compared to a current price of $5.56 — trading 9.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.97. British Land Co's overall GF Score™ is 72/100 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 British Land Co (BRLAF), the current Scaled Net Operating Assets is 0.97 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 British Land Co (BRLAF) Overvalued in 2026?

Based on GuruFocus' analysis, British Land Co stock appears to be overvalued. The current stock price of $5.56 is trading 9.1% above its estimated GF Value™ of $5.09. GuruFocus considers British Land Co to be Fairly Valued.

Key valuation signals for BRLAF:

  • Scaled Net Operating Assets: 0.97
  • GF Value™: $5.09 vs. price of $5.56 (9.1% above fair value)
  • GF Score™: 72/100 with 5 warning signs

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


British Land Co Business Description

Industry Real EstateREITs
Address 45 Seymour Street, York House, London, GBR, W1H 7LX
British Land Co PLC is a diversified real estate business focused on owning and managing high-quality UK commercial property. The company's portfolio is concentrated in office-led campuses in Central London and retail parks across the UK, while also including shopping centres, other retail assets, and London urban logistics sites. It leverages its development, asset management and property management expertise to create and manage commercial real estate assets. The business operates through two segments: Campuses, comprising Broadgate, Regent's Place, Paddington Central and other campuses, and Retail & London Urban Logistics, comprising retail parks, shopping centres and other retail assets, and London urban logistics sites.
72GF 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.

$5.56
Price
$5.09
GF Value