DLTH (Duluth Holdings) Scaled Net Operating Assets: 0.74 (As of Apr. 2026)


DLTH Duluth Holdings Inc DLTH
61 GF Score
Price $4.21
GF Value $3.09
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Duluth Holdings Scaled Net Operating Assets?

Duluth Holdings DLTH +1.81% 61 Scaled Net Operating Assets is 0.74 as of Apr. 2026. GuruFocus rates DLTH with a GF Score™ of 61/100 and a GF Value™ of $3.09 (Significantly Overvalued). 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.

Duluth Holdings's operating assets for the quarter that ended in Apr. 2026 was $374.5 Mil. Duluth Holdings's operating liabilities for the quarter that ended in Apr. 2026 was $75.4 Mil. Duluth Holdings's Total Assets for the quarter that ended in Jan. 2026 was $402.6 Mil. Therefore, Duluth Holdings's scaled net operating assets (SNOA) for the quarter that ended in Apr. 2026 was 0.74.

Duluth Holdings Scaled Net Operating Assets Historical Data

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The historical data trend for Duluth 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.

Duluth Holdings Scaled Net Operating Assets Chart

Duluth Holdings Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.65 0.74 0.71 0.69 0.66

Duluth Holdings Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.84 0.76 0.80 0.64 0.74

DLTH vs RENT, TLYS, AKA: Scaled Net Operating Assets Comparison

For the Apparel Retail subindustry, Duluth 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.

Duluth Holdings Scaled Net Operating Assets vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Duluth Holdings's Scaled Net Operating Assets distribution charts can be found below:

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


DLTH
61GF Score
Duluth Holdings Inc DLTH
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Duluth 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.

Duluth Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jan. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jan. 2026 )
=(Operating Assets (A: Jan. 2026 )-Operating Liabilities (A: Jan. 2026 ))/Total Assets (A: Jan. 2025 )
=(386.264-89.059)/452.442
=0.66

where

Operating Assets(A: Jan. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=402.609 - 16.345
=386.264

Operating Liabilities(A: Jan. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=236.494 - 127.285 - 20.15
=89.059

Duluth Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Apr. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Apr. 2026 )
=(Operating Assets (Q: Apr. 2026 )-Operating Liabilities (Q: Apr. 2026 ))/Total Assets (Q: Jan. 2026 )
=(374.516-75.404)/402.609
=0.74

where

Operating Assets(Q: Apr. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=380.65 - 6.134
=374.516

Operating Liabilities(Q: Apr. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=224.08 - 122.351 - 26.325
=75.404

* 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 0.74 mean?
Duluth Holdings (DLTH) has a Scaled Net Operating Assets of 0.74 as of Apr. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Duluth Holdings and its competitors.
Is Duluth Holdings' Scaled Net Operating Assets too high?
Duluth Holdings' current Scaled Net Operating Assets is 0.74. Overall, Duluth Holdings has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Duluth Holdings' Scaled Net Operating Assets compare to RENT and TLYS?
Duluth Holdings' Scaled Net Operating Assets of 0.74 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Scaled Net Operating Assets depends on the Retail - Cyclical 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 Duluth Holdings and its competitors. Duluth Holdings's current Scaled Net Operating Assets is 0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Duluth Holdings stock overvalued right now?
Based on GuruFocus' analysis, Duluth Holdings (DLTH) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.09, compared to a current price of $4.21 — trading 36.2% above its estimated fair value. The current Scaled Net Operating Assets is 0.74. Duluth Holdings' overall GF Score™ is 61/100 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 Duluth Holdings (DLTH), the current Scaled Net Operating Assets is 0.74 as of Apr. 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 Duluth Holdings (DLTH) Overvalued in 2026?

Based on GuruFocus' analysis, Duluth Holdings stock appears to be overvalued. The current stock price of $4.21 is trading 36.2% above its estimated GF Value™ of $3.09. GuruFocus considers Duluth Holdings to be Significantly Overvalued.

Key valuation signals for DLTH:

  • Scaled Net Operating Assets: 0.74
  • GF Value™: $3.09 vs. price of $4.21 (36.2% above fair value)
  • GF Score™: 61/100 with 2 warning signs

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

Duluth Holdings Business Description

Other Exchanges 6DU:Germany
Address 201 East Front Street, Mount Horeb, WI, USA, 53572
Duluth Holdings Inc is an apparel brand in the United States. The company offers shirts, pants, and casual wear for men and women under brands like Alaskan Hardgear, Armachillo, Ballroom, Cab Commander, Crouch Gusset, Dry on the Fly, Duluth Trading Co, Duluthflex, Fire Hose, Longtail T, No Polo Shirt, No Yank, Wild Boar, and others. The Company's revenue consists of the sale of apparel, footwear, and hard goods. The company operates in a single operating segment.
61GF 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.

$4.21
Price
$3.09
GF Value