AGMA (CAS:AGM) Scaled Net Operating Assets: -0.04 (As of Dec. 2025)


CAS:AGM AGMA CAS:AGM
34 GF Score
Price MAD6,768.00
GF Value MAD7,914.10
Valuation Modestly Undervalued
! 5 Warning Signs
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What is AGMA Scaled Net Operating Assets?

AGMA CAS:AGM 34 Scaled Net Operating Assets is -0.04 as of Dec. 2025. GuruFocus rates CAS:AGM with a GF Score™ of 34/100 and a GF Value™ of MAD7,914.10 (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.

AGMA's operating assets for the quarter that ended in Dec. 2025 was MAD527.0 Mil. AGMA's operating liabilities for the quarter that ended in Dec. 2025 was MAD559.5 Mil. AGMA's Total Assets for the quarter that ended in Jun. 2025 was MAD915.9 Mil. Therefore, AGMA's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was -0.04.


AGMA Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for AGMA'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.

AGMA Scaled Net Operating Assets Chart

AGMA 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 0.17 0.08 0.03 0.01 -0.04

AGMA Semi-Annual Data
Dec17 Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.02 0.21 0.01 0.22 -0.04

CAS:AGM vs BRK.A, AIG, HIG: Scaled Net Operating Assets Comparison

For the Insurance - Diversified subindustry, AGMA'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.


AGMA Scaled Net Operating Assets vs Insurance Industry

For the Insurance industry and Financial Services sector, AGMA's Scaled Net Operating Assets distribution charts can be found below:

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


CAS:AGM
34GF Score
AGMA CAS:AGM
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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AGMA 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.

AGMA'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 )
=(527.01-559.488)/749.347
=-0.04

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=731.386 - 204.376
=527.01

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=559.488 - 0 - 0
=559.488

AGMA's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(527.01-559.488)/915.94
=-0.04

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=731.386 - 204.376
=527.01

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=559.488 - 0 - 0
=559.488

* 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 -0.04 mean?
AGMA (CAS:AGM) has a Scaled Net Operating Assets of -0.04 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on AGMA and its competitors.
Is AGMA's Scaled Net Operating Assets too high?
AGMA's current Scaled Net Operating Assets is -0.04. Overall, AGMA has a GF Score™ of 34/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AGMA's Scaled Net Operating Assets compare to BRK.A and AIG?
AGMA's Scaled Net Operating Assets of -0.04 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 AGMA and its competitors. AGMA's current Scaled Net Operating Assets is -0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AGMA stock overvalued right now?
Based on GuruFocus' analysis, AGMA (CAS:AGM) is currently considered Modestly Undervalued. The stock's GF Value™ is MAD7,914.10, compared to a current price of MAD6,768.00 — trading 14.5% below its estimated fair value. The current Scaled Net Operating Assets is -0.04. AGMA's overall GF Score™ is 34/100 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 AGMA (CAS:AGM), the current Scaled Net Operating Assets is -0.04 as of Dec. 2025. 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 AGMA (CAS:AGM) Overvalued in 2026?

Based on GuruFocus' analysis, AGMA stock appears to be undervalued. The current stock price of MAD6,768.00 is trading 14.5% below its estimated GF Value™ of MAD7,914.10. GuruFocus considers AGMA to be Modestly Undervalued.

Key valuation signals for CAS:AGM:

  • Scaled Net Operating Assets: -0.04
  • GF Value™: MAD7,914.10 vs. price of MAD6,768.00 (14.5% below fair value)
  • GF Score™: 34/100 with 5 warning signs

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


AGMA Business Description

Address 102, Rue Abderrahmane Sahraoui, Casablanca, MAR, 20070
AGMA provides insurance and reinsurance broking services. The services provided by the company include automobile, housing and property insurance, assistance, and education annuity.
34GF Score

Get the complete analysis for CAS:AGM

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

MAD6,768.00
Price
MAD7,914.10
GF Value