Talanx AG (CHIX:TLXD) Scaled Net Operating Assets: 0.12 (As of Mar. 2026)


CHIX:TLXD Talanx AG CHIX:TLXD
73 GF Score
Price €103.70
GF Value €98.01
Valuation Fairly Valued
! 2 Warning Signs
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What is Talanx AG Scaled Net Operating Assets?

Talanx AG CHIX:TLXD 73 Scaled Net Operating Assets is 0.12 as of Mar. 2026. GuruFocus rates CHIX:TLXD with a GF Score™ of 73/100 and a GF Value™ of €98.01 (Fairly Valued). The stock has 2 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.

Talanx AG's operating assets for the quarter that ended in Mar. 2026 was €183,700 Mil. Talanx AG's operating liabilities for the quarter that ended in Mar. 2026 was €161,500 Mil. Talanx AG's Total Assets for the quarter that ended in Dec. 2025 was €180,814 Mil. Therefore, Talanx AG's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.12.

CHIX:TLXD
73GF Score
Talanx AG CHIX:TLXD
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Talanx AG 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.

Talanx AG'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 )
=(175554-151651)/180419
=0.13

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=180814 - 5260
=175554

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=159917 - 8183 - 83
=151651

Talanx AG'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 )
=(183700-161500)/180814
=0.12

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=183700 - 0
=183700

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=161500 - 0 - 0
=161500

* 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 0.12 mean?
Talanx AG (CHIX:TLXD) has a Scaled Net Operating Assets of 0.12 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 Talanx AG and its competitors.
Is Talanx AG's Scaled Net Operating Assets too high?
Talanx AG's current Scaled Net Operating Assets is 0.12. Overall, Talanx AG has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Talanx AG's Scaled Net Operating Assets compare to BRK.A and AIG?
Talanx AG's Scaled Net Operating Assets of 0.12 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 Talanx AG and its competitors. Talanx AG's current Scaled Net Operating Assets is 0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Talanx AG stock overvalued right now?
Based on GuruFocus' analysis, Talanx AG (CHIX:TLXD) is currently considered Fairly Valued. The stock's GF Value™ is €98.01, compared to a current price of €103.70 — trading 5.8% above its estimated fair value. The current Scaled Net Operating Assets is 0.12. Talanx AG's overall GF Score™ is 73/100 with 2 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 Talanx AG (CHIX:TLXD), the current Scaled Net Operating Assets is 0.12 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 Talanx AG (CHIX:TLXD) Overvalued in 2026?

Based on GuruFocus' analysis, Talanx AG stock appears to be overvalued. The current stock price of €103.70 is trading 5.8% above its estimated GF Value™ of €98.01. GuruFocus considers Talanx AG to be Fairly Valued.

Key valuation signals for CHIX:TLXD:

  • Scaled Net Operating Assets: 0.12
  • GF Value™: €98.01 vs. price of €103.70 (5.8% above fair value)
  • GF Score™: 73/100 with 2 warning signs

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

Talanx AG Business Description

Address HDI-Platz 1, Hannover, NI, DEU, 30659
Talanx is the third largest insurer in Germany. It sells insurance to businesses, individuals, and reinsures other insurers. The origins of Talanx go back to the early 1900s and the founding of two mutuals in Germany, HDI and FSV, that were set up to provide liability insurance to the German iron and steel industry, and fire insurance to the German mining industry as a result of a growing dissatisfaction with providers of insurance. These two mutuals merged to form Halfplichtverband der Deutschen Industrie, or HDI, in 1970. Over the years companies outside of metals and mining have joined the mutual. HDI started providing reinsurance services in the mid-1920s, and individual insurance in the 1950s. HDI owns just over three-quarters of the Talanx share capital.
73GF 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.

€103.70
Price
€98.01
GF Value