CWAN (Clearwater Analytics Holdings) Scaled Net Operating Assets: 0.93 (As of Mar. 2026)


CWAN Clearwater Analytics Holdings Inc CWAN
81 GF Score
Price $24.56
GF Value $31.89
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Clearwater Analytics Holdings Scaled Net Operating Assets?

Clearwater Analytics Holdings CWAN 81 Scaled Net Operating Assets is 0.93 as of Mar. 2026. GuruFocus rates CWAN with a GF Score™ of 81/100 and a GF Value™ of $31.89 (Modestly Undervalued). The stock has 7 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.

Clearwater Analytics Holdings's operating assets for the quarter that ended in Mar. 2026 was $2,945.3 Mil. Clearwater Analytics Holdings's operating liabilities for the quarter that ended in Mar. 2026 was $111.5 Mil. Clearwater Analytics Holdings's Total Assets for the quarter that ended in Dec. 2025 was $3,031.9 Mil. Therefore, Clearwater Analytics Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.93.


Clearwater Analytics Holdings Scaled Net Operating Assets Historical Data

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The historical data trend for Clearwater Analytics Holdings'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.

Clearwater Analytics Holdings Scaled Net Operating Assets Chart

Clearwater Analytics Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.53 0.46 0.39 1.52 2.39

Clearwater Analytics Holdings 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 0.80 2.21 0.93 0.94 0.94

CWAN vs IDCC, CHYM, TTAN: Scaled Net Operating Assets Comparison

For the Software - Application subindustry, Clearwater Analytics Holdings'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.


Clearwater Analytics Holdings Scaled Net Operating Assets vs Software Industry

For the Software industry and Technology sector, Clearwater Analytics Holdings's Scaled Net Operating Assets distribution charts can be found below:

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


CWAN
81GF Score
Clearwater Analytics Holdings Inc CWAN
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Clearwater Analytics Holdings 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.

Clearwater Analytics Holdings'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 )
=(2940.684-140.501)/1169.572
=2.39

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3031.929 - 91.245
=2940.684

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1000.837 - 837.198 - 23.138
=140.501

Clearwater Analytics Holdings'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 )
=(2945.348-111.456)/3031.929
=0.93

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3026.855 - 81.507
=2945.348

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=972.293 - 838.627 - 22.21
=111.456

* 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 0.93 mean?
Clearwater Analytics Holdings (CWAN) has a Scaled Net Operating Assets of 0.93 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 Clearwater Analytics Holdings and its competitors.
Is Clearwater Analytics Holdings' Scaled Net Operating Assets too high?
Clearwater Analytics Holdings' current Scaled Net Operating Assets is 0.93. Overall, Clearwater Analytics Holdings has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Clearwater Analytics Holdings' Scaled Net Operating Assets compare to IDCC and CHYM?
Clearwater Analytics Holdings' Scaled Net Operating Assets of 0.93 can be compared against companies in the Software 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 Software company?
A good Scaled Net Operating Assets depends on the Software 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 Clearwater Analytics Holdings and its competitors. Clearwater Analytics Holdings's current Scaled Net Operating Assets is 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clearwater Analytics Holdings stock overvalued right now?
Based on GuruFocus' analysis, Clearwater Analytics Holdings (CWAN) is currently considered Modestly Undervalued. The stock's GF Value™ is $31.89, compared to a current price of $24.56 — trading 23% below its estimated fair value. The current Scaled Net Operating Assets is 0.93. Clearwater Analytics Holdings' overall GF Score™ is 81/100 with 7 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 Clearwater Analytics Holdings (CWAN), the current Scaled Net Operating Assets is 0.93 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 Clearwater Analytics Holdings (CWAN) Overvalued in 2026?

Based on GuruFocus' analysis, Clearwater Analytics Holdings stock appears to be undervalued. The current stock price of $24.56 is trading 23% below its estimated GF Value™ of $31.89. GuruFocus considers Clearwater Analytics Holdings to be Modestly Undervalued.

Key valuation signals for CWAN:

  • Scaled Net Operating Assets: 0.93
  • GF Value™: $31.89 vs. price of $24.56 (23% below fair value)
  • GF Score™: 81/100 with 7 warning signs

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


Clearwater Analytics Holdings Business Description

Address 777 W. Main Street, Suite 900, Boise, ID, USA, 83702
Clearwater Analytics describes its mission as aiming to be the world's most trusted and comprehensive technology platform for the entire investment cycle. Clearwater has historically focused on back-office functions such as investment accounting, but with acquisitions such Enfusion, Beacon, and Bistro, the firm has broadened its focus with front-office and middle-office capabilities. Clearwater primarily serves insurance companies, asset managers, hedge funds, and corporate treasuries. Pro forma for Enfusion, about 76% of Clearwater's revenue is generated in the US.
81GF 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.

$24.56
Price
$31.89
GF Value