Maroc Telecom (CAS:IAM) Scaled Net Operating Assets: 0.60 (As of Dec. 2025)


CAS:IAM Maroc Telecom SA CAS:IAM
79 GF Score
Price MAD91.68
GF Value MAD99.47
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Maroc Telecom Scaled Net Operating Assets?

Maroc Telecom CAS:IAM 79 Scaled Net Operating Assets is 0.60 as of Dec. 2025. GuruFocus rates CAS:IAM with a GF Score™ of 79/100 and a GF Value™ of MAD99.47 (Fairly Valued). The stock has 4 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.

Maroc Telecom's operating assets for the quarter that ended in Dec. 2025 was MAD73,647 Mil. Maroc Telecom's operating liabilities for the quarter that ended in Dec. 2025 was MAD31,422 Mil. Maroc Telecom's Total Assets for the quarter that ended in Jun. 2025 was MAD70,374 Mil. Therefore, Maroc Telecom's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.60.


Maroc Telecom Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Maroc Telecom'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.

Maroc Telecom Scaled Net Operating Assets Chart

Maroc Telecom 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 0.52 0.56 0.57 0.63 0.60

Maroc Telecom Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.56 0.46 0.61 0.58 0.60

CAS:IAM vs TMUS, VZ, T: Scaled Net Operating Assets Comparison

For the Telecom Services subindustry, Maroc Telecom'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.


Maroc Telecom Scaled Net Operating Assets vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Maroc Telecom's Scaled Net Operating Assets distribution charts can be found below:

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


CAS:IAM
79GF Score
Maroc Telecom SA CAS:IAM
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Maroc Telecom 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.

Maroc Telecom'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 )
=(73647-31422)/70374
=0.60

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=75811 - 2164
=73647

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=51026 - 10450 - 9154
=31422

Maroc Telecom'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 )
=(73647-31422)/70374
=0.60

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=75811 - 2164
=73647

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=51026 - 10450 - 9154
=31422

* 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 0.60 mean?
Maroc Telecom (CAS:IAM) has a Scaled Net Operating Assets of 0.60 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 Maroc Telecom and its competitors.
Is Maroc Telecom's Scaled Net Operating Assets too high?
Maroc Telecom's current Scaled Net Operating Assets is 0.60. Overall, Maroc Telecom has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Maroc Telecom's Scaled Net Operating Assets compare to TMUS and VZ?
Maroc Telecom's Scaled Net Operating Assets of 0.60 can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?
A good Scaled Net Operating Assets depends on the Telecommunication Services 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 Maroc Telecom and its competitors. Maroc Telecom's current Scaled Net Operating Assets is 0.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maroc Telecom stock overvalued right now?
Based on GuruFocus' analysis, Maroc Telecom (CAS:IAM) is currently considered Fairly Valued. The stock's GF Value™ is MAD99.47, compared to a current price of MAD91.68 — trading 7.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.60. Maroc Telecom's overall GF Score™ is 79/100 with 4 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 Maroc Telecom (CAS:IAM), the current Scaled Net Operating Assets is 0.60 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 Maroc Telecom (CAS:IAM) Overvalued in 2026?

Based on GuruFocus' analysis, Maroc Telecom stock appears to be undervalued. The current stock price of MAD91.68 is trading 7.8% below its estimated GF Value™ of MAD99.47. GuruFocus considers Maroc Telecom to be Fairly Valued.

Key valuation signals for CAS:IAM:

  • Scaled Net Operating Assets: 0.60
  • GF Value™: MAD99.47 vs. price of MAD91.68 (7.8% below fair value)
  • GF Score™: 79/100 with 4 warning signs

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


Maroc Telecom Business Description

Other Exchanges IAM:FranceMSPA:Germany
Address Avenue Annakhil, Hay Riad, Rabat, MAR
Maroc Telecom SA telecommunications operator in the Kingdom of Morocco. The company provides a wide range of services covering Fixed-Line and Mobile communications, data transfer, and other value-added services. It operates in the Fixed-Line telephony, Mobile telephony and Internet segments. The Fixed-Line and Mobile operating segments are combined within the Services Division (DGS) and the Networks and Systems Division. The company derives majority revenues from Morocco.
79GF Score

Get the complete analysis for CAS:IAM

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

MAD91.68
Price
MAD99.47
GF Value