DRS (Leonardo DRS) Scaled Net Operating Assets: 0.60 (As of Mar. 2026)


DRS Leonardo DRS Inc DRS
80 GF Score
Price $42.45
GF Value $35.47
Valuation Modestly Overvalued
! 1 Warning Sign
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What is Leonardo DRS Scaled Net Operating Assets?

Leonardo DRS DRS -4.26% 80 Scaled Net Operating Assets is 0.60 as of Mar. 2026. GuruFocus rates DRS with a GF Score™ of 80/100 and a GF Value™ of $35.47 (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.

Leonardo DRS's operating assets for the quarter that ended in Mar. 2026 was $3,883 Mil. Leonardo DRS's operating liabilities for the quarter that ended in Mar. 2026 was $1,170 Mil. Leonardo DRS's Total Assets for the quarter that ended in Dec. 2025 was $4,486 Mil. Therefore, Leonardo DRS's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.60.


Leonardo DRS Scaled Net Operating Assets Historical Data

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The historical data trend for Leonardo DRS'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.

Leonardo DRS Scaled Net Operating Assets Chart

Leonardo DRS Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.62 0.75 0.64 0.62 0.61

Leonardo DRS 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 0.63 0.68 0.69 0.60 0.61

DRS vs HII, KTOS, MOG.A: Scaled Net Operating Assets Comparison

For the Aerospace & Defense subindustry, Leonardo DRS'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.


Leonardo DRS Scaled Net Operating Assets vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Leonardo DRS's Scaled Net Operating Assets distribution charts can be found below:

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


DRS
80GF Score
Leonardo DRS Inc DRS
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Leonardo DRS 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.

Leonardo DRS'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 )
=(3839-1286)/4184
=0.61

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4486 - 647
=3839

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1756 - 416 - 54
=1286

Leonardo DRS'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 )
=(3883-1170)/4486
=0.60

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4211 - 328
=3883

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1441 - 231 - 40
=1170

* 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?
Leonardo DRS (DRS) 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 Leonardo DRS and its competitors.
Is Leonardo DRS's Scaled Net Operating Assets too high?
Leonardo DRS's current Scaled Net Operating Assets is 0.60. Overall, Leonardo DRS has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Leonardo DRS's Scaled Net Operating Assets compare to HII and KTOS?
Leonardo DRS's Scaled Net Operating Assets of 0.60 can be compared against companies in the Aerospace & Defense 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 an Aerospace & Defense company?
A good Scaled Net Operating Assets depends on the Aerospace & Defense 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 Leonardo DRS and its competitors. Leonardo DRS'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 Leonardo DRS stock overvalued right now?
Based on GuruFocus' analysis, Leonardo DRS (DRS) is currently considered Modestly Overvalued. The stock's GF Value™ is $35.47, compared to a current price of $42.45 — trading 19.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.60. Leonardo DRS's overall GF Score™ is 80/100 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 Leonardo DRS (DRS), 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 Leonardo DRS (DRS) Overvalued in 2026?

Based on GuruFocus' analysis, Leonardo DRS stock appears to be overvalued. The current stock price of $42.45 is trading 19.7% above its estimated GF Value™ of $35.47. GuruFocus considers Leonardo DRS to be Modestly Overvalued.

Key valuation signals for DRS:

  • Scaled Net Operating Assets: 0.60
  • GF Value™: $35.47 vs. price of $42.45 (19.7% above fair value)
  • GF Score™: 80/100 with 1 warning sign

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


Leonardo DRS Business Description

Other Exchanges DRS:Mexico2VZ:Germany
Address 2345 Crystal Drive, Suite 1000, Arlington, VA, USA, 22202
Leonardo DRS Inc is a provider of defense products and technologies that are used across land, air, sea, space, and cyber domains. It is in the design, development, and manufacture of Advanced sensing, network computing, force protection, and electric power and propulsion technologies and solutions. The company has two segments: Advanced Sensing and Computing, which generates the majority of revenue, and the Integrated Mission Systems segment. The Advanced Sensing and Computing segment is engaged in designing, developing, and manufacturing sensing and network computing technology that enables real-time situational awareness required for enhanced operational decision-making and execution by the customers.
80GF 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.

$42.45
Price
$35.47
GF Value