Companhia Brasileira de Aluminio (BSP:CBAV3) Scaled Net Operating Assets: 0.57 (As of Mar. 2026)


BSP:CBAV3 Companhia Brasileira de Aluminio SA BSP:CBAV3
55 GF Score
Price R$10.73
GF Value R$5.41
Valuation Significantly Overvalued
! 11 Warning Signs
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What is Companhia Brasileira de Aluminio Scaled Net Operating Assets?

Companhia Brasileira de Aluminio BSP:CBAV3 55 Scaled Net Operating Assets is 0.57 as of Mar. 2026. GuruFocus rates BSP:CBAV3 with a GF Score™ of 55/100 and a GF Value™ of R$5.41 (Significantly Overvalued). The stock has 11 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.

Companhia Brasileira de Aluminio's operating assets for the quarter that ended in Mar. 2026 was R$12,624 Mil. Companhia Brasileira de Aluminio's operating liabilities for the quarter that ended in Mar. 2026 was R$4,628 Mil. Companhia Brasileira de Aluminio's Total Assets for the quarter that ended in Dec. 2025 was R$13,966 Mil. Therefore, Companhia Brasileira de Aluminio's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.57.


Companhia Brasileira de Aluminio Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Companhia Brasileira de Aluminio'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.

Companhia Brasileira de Aluminio Scaled Net Operating Assets Chart

Companhia Brasileira de Aluminio Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only 0.54 0.60 0.60 0.54 0.56

Companhia Brasileira de Aluminio 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 0.56 0.59 0.59 0.55 0.57

BSP:CBAV3 vs AA, CENX, CSTM: Scaled Net Operating Assets Comparison

For the Aluminum subindustry, Companhia Brasileira de Aluminio'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.


Companhia Brasileira de Aluminio Scaled Net Operating Assets vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Companhia Brasileira de Aluminio's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Companhia Brasileira de Aluminio's Scaled Net Operating Assets falls into.


BSP:CBAV3
55GF Score
Companhia Brasileira de Aluminio SA BSP:CBAV3
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Companhia Brasileira de Aluminio 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.

Companhia Brasileira de Aluminio'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 )
=(12640.625-4956.58)/13833.02
=0.56

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=13966.017 - 1325.392
=12640.625

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9451.509 - 4308.296 - 186.633
=4956.58

Companhia Brasileira de Aluminio'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 )
=(12624.109-4627.769)/13966.017
=0.57

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=14112.156 - 1488.047
=12624.109

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9248.605 - 4441.945 - 178.891
=4627.769

* 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 0.57 mean?
Companhia Brasileira de Aluminio (BSP:CBAV3) has a Scaled Net Operating Assets of 0.57 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 Companhia Brasileira de Aluminio and its competitors.
Is Companhia Brasileira de Aluminio's Scaled Net Operating Assets too high?
Companhia Brasileira de Aluminio's current Scaled Net Operating Assets is 0.57. Overall, Companhia Brasileira de Aluminio has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Companhia Brasileira de Aluminio's Scaled Net Operating Assets compare to AA and CENX?
Companhia Brasileira de Aluminio's Scaled Net Operating Assets of 0.57 can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Scaled Net Operating Assets depends on the Metals & Mining 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 Companhia Brasileira de Aluminio and its competitors. Companhia Brasileira de Aluminio's current Scaled Net Operating Assets is 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Companhia Brasileira de Aluminio stock overvalued right now?
Based on GuruFocus' analysis, Companhia Brasileira de Aluminio (BSP:CBAV3) is currently considered Significantly Overvalued. The stock's GF Value™ is R$5.41, compared to a current price of R$10.73 — trading 98.3% above its estimated fair value. The current Scaled Net Operating Assets is 0.57. Companhia Brasileira de Aluminio's overall GF Score™ is 55/100 with 11 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 Companhia Brasileira de Aluminio (BSP:CBAV3), the current Scaled Net Operating Assets is 0.57 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 Companhia Brasileira de Aluminio (BSP:CBAV3) Overvalued in 2026?

Based on GuruFocus' analysis, Companhia Brasileira de Aluminio stock appears to be overvalued. The current stock price of R$10.73 is trading 98.3% above its estimated GF Value™ of R$5.41. GuruFocus considers Companhia Brasileira de Aluminio to be Significantly Overvalued.

Key valuation signals for BSP:CBAV3:

  • Scaled Net Operating Assets: 0.57
  • GF Value™: R$5.41 vs. price of R$10.73 (98.3% above fair value)
  • GF Score™: 55/100 with 11 warning signs

No single metric tells the full story. See the BSP:CBAV3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Companhia Brasileira de Aluminio Business Description

Address Avenue Engenheiro Luiz Carlos Berrini, No. 105, 14th andar - Cidade Moncoes, Sao Paulo, SP, BRA, 04571-900
Companhia Brasileira de Aluminio SA is engaged in the exploration of bauxite mining in Brazil, producing and/or trading bauxite, alumina, primary aluminum, and semi-fabricated products in Brazil and abroad. The Company has a wide product range, such as ingots, billets, plates, coils, foil, and extruded products. The company has three operating segments; the Aluminum segment comprises the operations of the aluminum production chain, from bauxite mining to the production of primary and downstream products, the Energy segment; Comprises the sale of surplus energy to the market, and others segment.
55GF 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.

R$10.73
Price
R$5.41
GF Value