ELFIF (E-L Financial) Scaled Net Operating Assets: 0.35 (As of Mar. 2026)


ELFIF E-L Financial Corp Ltd ELFIF
60 GF Score
Price $11.94
GF Value $10.82
Valuation Fairly Valued
! 8 Warning Signs
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What is E-L Financial Scaled Net Operating Assets?

E-L Financial ELFIF -0.25% 60 Scaled Net Operating Assets is 0.35 as of Mar. 2026. GuruFocus rates ELFIF with a GF Score™ of 60/100 and a GF Value™ of $10.82 (Fairly Valued). The stock has 8 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.

E-L Financial's operating assets for the quarter that ended in Mar. 2026 was $21,139 Mil. E-L Financial's operating liabilities for the quarter that ended in Mar. 2026 was $13,605 Mil. E-L Financial's Total Assets for the quarter that ended in Dec. 2025 was $21,719 Mil. Therefore, E-L Financial's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.35.

ELFIF
60GF Score
E-L Financial Corp Ltd ELFIF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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E-L Financial 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.

E-L Financial'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 )
=(21309.66-13565.188)/19736.665
=0.39

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=21718.794 - 409.134
=21309.66

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=13999.817 - 434.629 - 0
=13565.188

E-L Financial'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 )
=(21138.87-13604.847)/21718.794
=0.35

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=21482.15 - 343.28
=21138.87

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=14041.913 - 437.066 - 0
=13604.847

* 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 0.35 mean?
E-L Financial (ELFIF) has a Scaled Net Operating Assets of 0.35 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 E-L Financial and its competitors.
Is E-L Financial's Scaled Net Operating Assets too high?
E-L Financial's current Scaled Net Operating Assets is 0.35. Overall, E-L Financial has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does E-L Financial's Scaled Net Operating Assets compare to AFL and MET?
E-L Financial's Scaled Net Operating Assets of 0.35 can be compared against companies in the Insurance 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 Insurance company?
A good Scaled Net Operating Assets depends on the Insurance 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 E-L Financial and its competitors. E-L Financial's current Scaled Net Operating Assets is 0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is E-L Financial stock overvalued right now?
Based on GuruFocus' analysis, E-L Financial (ELFIF) is currently considered Fairly Valued. The stock's GF Value™ is $10.82, compared to a current price of $11.94 — trading 10.4% above its estimated fair value. The current Scaled Net Operating Assets is 0.35. E-L Financial's overall GF Score™ is 60/100 with 8 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 E-L Financial (ELFIF), the current Scaled Net Operating Assets is 0.35 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 E-L Financial (ELFIF) Overvalued in 2026?

Based on GuruFocus' analysis, E-L Financial stock appears to be overvalued. The current stock price of $11.94 is trading 10.4% above its estimated GF Value™ of $10.82. GuruFocus considers E-L Financial to be Fairly Valued.

Key valuation signals for ELFIF:

  • Scaled Net Operating Assets: 0.35
  • GF Value™: $10.82 vs. price of $11.94 (10.4% above fair value)
  • GF Score™: 60/100 with 8 warning signs

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

E-L Financial Business Description

Address 165 University Avenue, 10th Floor, Toronto, ON, CAN, M5H 3B8
E-L Financial Corp Ltd operates as an investment and insurance holding company that provides a broad range of wealth management products, individual insurance products, group plans, and financial services to meet the needs of individuals, professionals, and businesses. The firm has two segments; The Empire Life operating segment underwrites life and health insurance policies and provides segregated funds, mutual funds, and annuity products, and the E-L Corporate segment operations include the oversight of investments in equities held through holdings of common shares, investment funds, closed-end investment companies, and other private companies.
60GF 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.

$11.94
Price
$10.82
GF Value