CVCO (Cavco Industries) Scaled Net Operating Assets: 0.60 (As of Mar. 2026)


CVCO Cavco Industries Inc CVCO
95 GF Score
Price $614.54
GF Value $534.00
Valuation Modestly Overvalued
! 1 Warning Sign
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What is Cavco Industries Scaled Net Operating Assets?

Cavco Industries CVCO +0.20% 95 Scaled Net Operating Assets is 0.60 as of Mar. 2026. GuruFocus rates CVCO with a GF Score™ of 95/100 and a GF Value™ of $534.00 (Modestly Overvalued). The stock has 1 warning sign investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Cavco Industries's operating assets for the quarter that ended in Mar. 2026 was $1,238 Mil. Cavco Industries's operating liabilities for the quarter that ended in Mar. 2026 was $357 Mil. Cavco Industries's Total Assets for the quarter that ended in Dec. 2025 was $1,472 Mil. Therefore, Cavco Industries's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.60.


Cavco Industries Scaled Net Operating Assets Historical Data

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The historical data trend for Cavco Industries'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.

Cavco Industries Scaled Net Operating Assets Chart

Cavco Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.61 0.62 0.53 0.53 0.63

Cavco Industries 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 0.52 0.52 0.51 0.61 0.60

CVCO vs SKY, MHO, MTH: Scaled Net Operating Assets Comparison

For the Residential Construction subindustry, Cavco Industries'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.


Cavco Industries Scaled Net Operating Assets vs Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Cavco Industries's Scaled Net Operating Assets distribution charts can be found below:

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


CVCO
95GF Score
Cavco Industries Inc CVCO
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Cavco Industries 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.

Cavco Industries's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(1238.185-357.21)/1406.645
=0.63

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1491.139 - 252.954
=1238.185

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=387.957 - 30.747 - 0
=357.21

Cavco Industries'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 )
=(1238.185-357.21)/1472.195
=0.60

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1491.139 - 252.954
=1238.185

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=387.957 - 30.747 - 0
=357.21

* 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?
Cavco Industries (CVCO) has a Scaled Net Operating Assets of 0.60 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 Cavco Industries and its competitors.
Is Cavco Industries' Scaled Net Operating Assets too high?
Cavco Industries' current Scaled Net Operating Assets is 0.60. Overall, Cavco Industries has a GF Score™ of 95/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cavco Industries' Scaled Net Operating Assets compare to SKY and MHO?
Cavco Industries' Scaled Net Operating Assets of 0.60 can be compared against companies in the Homebuilding & Construction 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 Homebuilding & Construction company?
A good Scaled Net Operating Assets depends on the Homebuilding & Construction 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 Cavco Industries and its competitors. Cavco Industries'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 Cavco Industries stock overvalued right now?
Based on GuruFocus' analysis, Cavco Industries (CVCO) is currently considered Modestly Overvalued. The stock's GF Value™ is $534.00, compared to a current price of $614.54 — trading 15.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.60. Cavco Industries' overall GF Score™ is 95/100 with 1 warning sign 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 Cavco Industries (CVCO), the current Scaled Net Operating Assets is 0.60 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 Cavco Industries (CVCO) Overvalued in 2026?

Based on GuruFocus' analysis, Cavco Industries stock appears to be overvalued. The current stock price of $614.54 is trading 15.1% above its estimated GF Value™ of $534.00. GuruFocus considers Cavco Industries to be Modestly Overvalued.

Key valuation signals for CVCO:

  • Scaled Net Operating Assets: 0.60
  • GF Value™: $534.00 vs. price of $614.54 (15.1% above fair value)
  • GF Score™: 95/100 with 1 warning sign

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


Cavco Industries Business Description

Address 3636 North Central Avenue, Suite 1200, Phoenix, AZ, USA, 85012
Cavco Industries Inc designs and produces factory-built homes distributed through a network of independent and company-owned retailers, planned community operators and residential developers. It is also a producer of park model RVs, vacation cabins and Factory-built commercial structures. It operates principally in two segments: factory-built housing, which includes wholesale and retail factory-built housing operations and Financial services, which include manufactured housing consumer finance and insurance. The factory-built housing segment generates the majority of revenue from building and selling manufactured and modular homes to both wholesale customers and end consumers through company owned retail stores.
95GF Score

Get the complete analysis for CVCO

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

$614.54
Price
$534.00
GF Value