Grupo Casas Bahia (BSP:BHIA3) Scaled Net Operating Assets: 0.32 (As of Mar. 2026)


BSP:BHIA3 Grupo Casas Bahia SA BSP:BHIA3
61 GF Score
Price R$1.08
GF Value R$1.27
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Grupo Casas Bahia Scaled Net Operating Assets?

Grupo Casas Bahia BSP:BHIA3 61 Scaled Net Operating Assets is 0.32 as of Mar. 2026. GuruFocus rates BSP:BHIA3 with a GF Score™ of 61/100 and a GF Value™ of R$1.27 (Modestly Undervalued). The stock has 6 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.

Grupo Casas Bahia's operating assets for the quarter that ended in Mar. 2026 was R$31,798 Mil. Grupo Casas Bahia's operating liabilities for the quarter that ended in Mar. 2026 was R$21,090 Mil. Grupo Casas Bahia's Total Assets for the quarter that ended in Dec. 2025 was R$33,638 Mil. Therefore, Grupo Casas Bahia's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.32.


Grupo Casas Bahia Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Grupo Casas Bahia'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.

Grupo Casas Bahia Scaled Net Operating Assets Chart

Grupo Casas Bahia Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.53 0.46 0.38 0.40 0.32

Grupo Casas Bahia Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 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 Premium Member Only Premium Member Only Premium Member Only 0.41 0.41 0.39 0.31 0.32

BSP:BHIA3 vs CASY, WSM, DKS: Scaled Net Operating Assets Comparison

For the Specialty Retail subindustry, Grupo Casas Bahia'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.


Grupo Casas Bahia Scaled Net Operating Assets vs Retail - Cyclical Industry

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

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


BSP:BHIA3
61GF Score
Grupo Casas Bahia SA BSP:BHIA3
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Grupo Casas Bahia 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.

Grupo Casas Bahia'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 )
=(32099-21349)/33889
=0.32

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=33638 - 1539
=32099

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=30864 - 3119 - 6396
=21349

Grupo Casas Bahia'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 )
=(31798-21090)/33638
=0.32

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=33330 - 1532
=31798

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=31552 - 4256 - 6206
=21090

* 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 0.32 mean?
Grupo Casas Bahia (BSP:BHIA3) has a Scaled Net Operating Assets of 0.32 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 Grupo Casas Bahia and its competitors.
Is Grupo Casas Bahia's Scaled Net Operating Assets too high?
Grupo Casas Bahia's current Scaled Net Operating Assets is 0.32. Overall, Grupo Casas Bahia has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Grupo Casas Bahia's Scaled Net Operating Assets compare to CASY and WSM?
Grupo Casas Bahia's Scaled Net Operating Assets of 0.32 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 Grupo Casas Bahia and its competitors. Grupo Casas Bahia's current Scaled Net Operating Assets is 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grupo Casas Bahia stock overvalued right now?
Based on GuruFocus' analysis, Grupo Casas Bahia (BSP:BHIA3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$1.27, compared to a current price of R$1.08 — trading 15% below its estimated fair value. The current Scaled Net Operating Assets is 0.32. Grupo Casas Bahia's overall GF Score™ is 61/100 with 6 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 Grupo Casas Bahia (BSP:BHIA3), the current Scaled Net Operating Assets is 0.32 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 Grupo Casas Bahia (BSP:BHIA3) Overvalued in 2026?

Based on GuruFocus' analysis, Grupo Casas Bahia stock appears to be undervalued. The current stock price of R$1.08 is trading 15% below its estimated GF Value™ of R$1.27. GuruFocus considers Grupo Casas Bahia to be Modestly Undervalued.

Key valuation signals for BSP:BHIA3:

  • Scaled Net Operating Assets: 0.32
  • GF Value™: R$1.27 vs. price of R$1.08 (15% below fair value)
  • GF Score™: 61/100 with 6 warning signs

No single metric tells the full story. See the BSP:BHIA3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Grupo Casas Bahia Business Description

Address Eldorado Business Tower Avenue, 8501-23rd floor, Pinheiros, Sao Caetano do Sul, SP, BRA, CEP 05425-070
Grupo Casas Bahia SA is an omnichannel retailer engaged in the sale of consumer electronics, home appliances, furniture, and other household products through physical stores, e-commerce, and marketplace platforms. The company operates mainly under the Casas Bahia and Ponto brands. It also provides related services, including extended warranties, installation services, marketplace intermediation, and financial services such as installment sales and co-branded credit cards.
61GF Score

Get the complete analysis for BSP:BHIA3

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

R$1.08
Price
R$1.27
GF Value