Sirius XM Holdings (BSP:SRXM34) Scaled Net Operating Assets: 0.75 (As of Mar. 2026)


BSP:SRXM34 Sirius XM Holdings Inc BSP:SRXM34
71 GF Score
Price R$17.75
GF Value R$15.34
! 11 Warning Signs
View Full Analysis

What is Sirius XM Holdings Scaled Net Operating Assets?

Sirius XM Holdings BSP:SRXM34 71 Scaled Net Operating Assets is 0.75 as of Mar. 2026. GuruFocus rates BSP:SRXM34 with a GF Score™ of 71/100 and a GF Value™ of R$15.34. 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.

Sirius XM Holdings's operating assets for the quarter that ended in Mar. 2026 was R$141,576 Mil. Sirius XM Holdings's operating liabilities for the quarter that ended in Mar. 2026 was R$29,647 Mil. Sirius XM Holdings's Total Assets for the quarter that ended in Dec. 2025 was R$148,597 Mil. Therefore, Sirius XM Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.75.


Sirius XM Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Sirius XM Holdings'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.

Sirius XM Holdings Scaled Net Operating Assets Chart

Sirius XM Holdings 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 0.68 0.58 2.23 0.88 0.69

Sirius XM Holdings 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 0.74 0.75 0.76 0.79 0.75

BSP:SRXM34 vs MSGS, LLYVA, PSKY: Scaled Net Operating Assets Comparison

For the Entertainment subindustry, Sirius XM Holdings'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.


Sirius XM Holdings Scaled Net Operating Assets vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Sirius XM Holdings's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Sirius XM Holdings's Scaled Net Operating Assets falls into.


BSP:SRXM34
71GF Score
Sirius XM Holdings Inc BSP:SRXM34
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sirius XM Holdings 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.

Sirius XM Holdings'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 )
=(148084.065-32559.617)/167905.621
=0.69

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=148596.901 - 512.836
=148084.065

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=85512.642 - 47180.894 - 5772.131
=32559.617

Sirius XM Holdings'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 )
=(141575.731-29646.603)/148596.901
=0.75

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=141967.951 - 392.22
=141575.731

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=80619.514 - 50664.365 - 308.546
=29646.603

* 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 0.75 mean?
Sirius XM Holdings (BSP:SRXM34) has a Scaled Net Operating Assets of 0.75 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 Sirius XM Holdings and its competitors.
Is Sirius XM Holdings' Scaled Net Operating Assets too high?
Sirius XM Holdings' current Scaled Net Operating Assets is 0.75. Overall, Sirius XM Holdings has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Sirius XM Holdings' Scaled Net Operating Assets compare to MSGS and LLYVA?
Sirius XM Holdings' Scaled Net Operating Assets of 0.75 can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good Scaled Net Operating Assets depends on the Media - Diversified 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 Sirius XM Holdings and its competitors. Sirius XM Holdings's current Scaled Net Operating Assets is 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sirius XM Holdings stock overvalued right now?
Sirius XM Holdings (BSP:SRXM34) has a current Scaled Net Operating Assets of 0.75. The stock's GF Value™ is R$15.34, compared to a current price of R$17.75 — trading 15.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.75. Sirius XM Holdings' overall GF Score™ is 71/100 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 Sirius XM Holdings (BSP:SRXM34), the current Scaled Net Operating Assets is 0.75 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 Sirius XM Holdings (BSP:SRXM34) Overvalued in 2026?

Based on GuruFocus' analysis, Sirius XM Holdings stock appears to be overvalued. The current stock price of R$17.75 is trading 15.7% above its estimated GF Value™ of R$15.34.

Key valuation signals for BSP:SRXM34:

  • Scaled Net Operating Assets: 0.75
  • GF Value™: R$15.34 vs. price of R$17.75 (15.7% above fair value)
  • GF Score™: 71/100 with 11 warning signs

No single metric tells the full story. See the BSP:SRXM34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sirius XM Holdings Business Description

Address 1221 Avenue of the Americas, 35th Floor, New York, NY, USA, 10020
Sirius XM operates almost exclusively in the US through its SiriusXM and Pandora audio services. SiriusXM is primarily a satellite radio service that offers nationwide coverage and mostly ad-free listening, with proprietary channels and exclusive content. It makes agreements with automakers to install its radios in vehicles and give trial services to vehicle buyers, which have traditionally fed its subscriber base. The company provides the service via a fleet of geostationary satellites it owns and operates and now offers a streaming SiriusXM option. Pandora, which accounts for a much smaller portion of revenue and profit, offers a subscription and ad-supported streaming music service that competes with industry giants such as Spotify, Apple Music, and YouTube Music.
71GF Score

Get the complete analysis for BSP:SRXM34

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

R$17.75
Price
R$15.34
GF Value