Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
The Trade Desk's operating assets for the quarter that ended in Mar. 2026 was €3,744 Mil. The Trade Desk's operating liabilities for the quarter that ended in Mar. 2026 was €2,472 Mil. The Trade Desk's Total Assets for the quarter that ended in Dec. 2025 was €5,255 Mil. Therefore, The Trade Desk's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.24.
The Trade Desk Scaled Net Operating Assets Related Terms
The Trade Desk Scaled Net Operating Assets Historical Data
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The historical data trend for The Trade Desk'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.
CHIX:TT8D vs MGNI, STGW, ZD: Scaled Net Operating Assets Comparison
For the Advertising Agencies subindustry, The Trade Desk'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.
The Trade Desk Scaled Net Operating Assets vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, The Trade Desk's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where The Trade Desk's Scaled Net Operating Assets falls into.
* 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 0.24 mean?
The Trade Desk (CHIX:TT8D) has a Scaled Net Operating Assets of 0.24 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 The Trade Desk and its competitors.
Is The Trade Desk's Scaled Net Operating Assets too high?
The Trade Desk's current Scaled Net Operating Assets is 0.24. Overall, The Trade Desk has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does The Trade Desk's Scaled Net Operating Assets compare to MGNI and STGW?
The Trade Desk's Scaled Net Operating Assets of 0.24 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 The Trade Desk and its competitors. The Trade Desk's current Scaled Net Operating Assets is 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Trade Desk stock overvalued right now?
Based on GuruFocus' analysis, The Trade Desk (CHIX:TT8D) is currently considered Significantly Undervalued. The stock's GF Value™ is €123.28, compared to a current price of €17.71 — trading 85.6% below its estimated fair value. The current Scaled Net Operating Assets is 0.24. The Trade Desk's overall GF Score™ is 71/100 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 The Trade Desk (CHIX:TT8D), the current Scaled Net Operating Assets is 0.24 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 The Trade Desk (CHIX:TT8D) Overvalued in 2026?
Based on GuruFocus' analysis, The Trade Desk stock appears to be undervalued.
The current stock price of €17.71 is trading 85.6% below its estimated GF Value™ of €123.28.
GuruFocus considers The Trade Desk to be Significantly Undervalued.
Key valuation signals for CHIX:TT8D:
Scaled Net Operating Assets: 0.24
GF Value™: €123.28 vs. price of €17.71 (85.6% below fair value)
No single metric tells the full story. See the CHIX:TT8D stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Trade Desk provides a self-service platform that helps advertisers and ad agencies programmatically find and purchase digital ad inventory (display, video, audio, and social) on devices like computers, smartphones, and connected TVs. The firm's platform is referred to as a DSP in the digital ad industry, and it generates revenue from fees based on a percentage of what its clients spend on advertising, sometimes referred to as a "take rate."
71GF 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.
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