Emaar Properties PJSC (DFM:EMAAR) Scaled Net Operating Assets: 0.42 (As of Mar. 2026)


DFM:EMAAR Emaar Properties PJSC DFM:EMAAR
97 GF Score
Price د.إ12.20
GF Value د.إ16.06
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Emaar Properties PJSC Scaled Net Operating Assets?

Emaar Properties PJSC DFM:EMAAR 97 Scaled Net Operating Assets is 0.42 as of Mar. 2026. GuruFocus rates DFM:EMAAR with a GF Score™ of 97/100 and a GF Value™ of د.إ16.06 (Modestly Undervalued). 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.

Emaar Properties PJSC's operating assets for the quarter that ended in Mar. 2026 was د.إ160,321 Mil. Emaar Properties PJSC's operating liabilities for the quarter that ended in Mar. 2026 was د.إ81,637 Mil. Emaar Properties PJSC's Total Assets for the quarter that ended in Dec. 2025 was د.إ186,701 Mil. Therefore, Emaar Properties PJSC's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.42.


Emaar Properties PJSC Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Emaar Properties PJSC'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.

Emaar Properties PJSC Scaled Net Operating Assets Chart

Emaar Properties PJSC 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 0.66 0.60 0.49 0.40 0.29

Emaar Properties PJSC 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 0.27 0.28 0.29 0.27 0.42

Emaar Properties PJSC Scaled Net Operating Assets Competitor Comparison

For the Real Estate - Development subindustry, Emaar Properties PJSC'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.


Emaar Properties PJSC Scaled Net Operating Assets vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Emaar Properties PJSC's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Emaar Properties PJSC's Scaled Net Operating Assets falls into.


DFM:EMAAR
97GF Score
Emaar Properties PJSC DFM:EMAAR
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Emaar Properties PJSC 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.

Emaar Properties PJSC'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 )
=(115429.181-68409.391)/160222.368
=0.29

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=186700.687 - 71271.506
=115429.181

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=79024.38 - 5435.233 - 5179.756
=68409.391

Emaar Properties PJSC'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 )
=(160321.44-81637.167)/186700.687
=0.42

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=195293.707 - 34972.267
=160321.44

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=91701.546 - 8068.202 - 1996.177
=81637.167

* 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 0.42 mean?
Emaar Properties PJSC (DFM:EMAAR) has a Scaled Net Operating Assets of 0.42 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 Emaar Properties PJSC and its competitors.
Is Emaar Properties PJSC's Scaled Net Operating Assets too high?
Emaar Properties PJSC's current Scaled Net Operating Assets is 0.42. Overall, Emaar Properties PJSC has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Emaar Properties PJSC's Scaled Net Operating Assets compare to competitors?
Emaar Properties PJSC's Scaled Net Operating Assets of 0.42 can be compared against companies in the Real Estate 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 Real Estate company?
A good Scaled Net Operating Assets depends on the Real Estate 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 Emaar Properties PJSC and its competitors. Emaar Properties PJSC's current Scaled Net Operating Assets is 0.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emaar Properties PJSC stock overvalued right now?
Based on GuruFocus' analysis, Emaar Properties PJSC (DFM:EMAAR) is currently considered Modestly Undervalued. The stock's GF Value™ is د.إ16.06, compared to a current price of د.إ12.20 — trading 24% below its estimated fair value. The current Scaled Net Operating Assets is 0.42. Emaar Properties PJSC's overall GF Score™ is 97/100 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 Emaar Properties PJSC (DFM:EMAAR), the current Scaled Net Operating Assets is 0.42 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 Emaar Properties PJSC (DFM:EMAAR) Overvalued in 2026?

Based on GuruFocus' analysis, Emaar Properties PJSC stock appears to be undervalued. The current stock price of د.إ12.20 is trading 24% below its estimated GF Value™ of د.إ16.06. GuruFocus considers Emaar Properties PJSC to be Modestly Undervalued.

Key valuation signals for DFM:EMAAR:

  • Scaled Net Operating Assets: 0.42
  • GF Value™: د.إ16.06 vs. price of د.إ12.20 (24% below fair value)
  • GF Score™: 97/100 with 1 warning sign

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


Emaar Properties PJSC Business Description

Address Emaar Business Park Building 1, Level 7, P.O. Box 9440, Dubai Hills Estate, Dubai, ARE
Emaar Properties PJSC is engaged in property investment, development, and development management, shopping malls and retail, hospitality, property management, utility services, and investments in providers of financial services. Its segments are, namely, real estate (develop, sell, and manage condominiums, villas, commercial units and plots of land), leasing, retail and related activities (develop, lease and manage malls, retail, commercial, and residential spaces), and hospitality (develop, own, and/or manage hotels, serviced apartments and leisure activities). It earns revenue from sources other than property sales, leasing, retail and related activities, and hospitality, and this revenue is included in other operating income. The majority of revenue comes from real estate.
97GF Score

Get the complete analysis for DFM:EMAAR

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

د.إ12.20
Price
د.إ16.06
GF Value