EMLAF (Empire Co) Scaled Net Operating Assets: 0.75 (As of Apr. 2026)


EMLAF Empire Co Ltd EMLAF
78 GF Score
Price $36.05
GF Value $32.94
Valuation Fairly Valued
! 3 Warning Signs
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What is Empire Co Scaled Net Operating Assets?

Empire Co EMLAF -1.04% 78 Scaled Net Operating Assets is 0.75 as of Apr. 2026. GuruFocus rates EMLAF with a GF Score™ of 78/100 and a GF Value™ of $32.94 (Fairly Valued). The stock has 3 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.

Empire Co's operating assets for the quarter that ended in Apr. 2026 was $12,207 Mil. Empire Co's operating liabilities for the quarter that ended in Apr. 2026 was $2,960 Mil. Empire Co's Total Assets for the quarter that ended in Jan. 2026 was $12,398 Mil. Therefore, Empire Co's scaled net operating assets (SNOA) for the quarter that ended in Apr. 2026 was 0.75.


Empire Co Scaled Net Operating Assets Historical Data

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The historical data trend for Empire Co'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.

Empire Co Scaled Net Operating Assets Chart

Empire Co Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.77 0.70 0.75 0.74 0.76

Empire Co 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 0.78 0.77 0.74 0.75 0.75

EMLAF vs KR, SFM, ACI: Scaled Net Operating Assets Comparison

For the Grocery Stores subindustry, Empire Co'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.


Empire Co Scaled Net Operating Assets vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Empire Co's Scaled Net Operating Assets distribution charts can be found below:

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


EMLAF
78GF Score
Empire Co Ltd EMLAF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Empire Co 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.

Empire Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Apr. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Apr. 2026 )
=(Operating Assets (A: Apr. 2026 )-Operating Liabilities (A: Apr. 2026 ))/Total Assets (A: Apr. 2025 )
=(12206.631-2959.866)/12172.949
=0.76

where

Operating Assets(A: Apr. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=12418.206 - 211.575
=12206.631

Operating Liabilities(A: Apr. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8672.386 - 5108.332 - 604.188
=2959.866

Empire Co'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 )
=(12206.631-2959.866)/12397.792
=0.75

where

Operating Assets(Q: Apr. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=12418.206 - 211.575
=12206.631

Operating Liabilities(Q: Apr. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8672.386 - 5108.332 - 604.188
=2959.866

* 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 0.75 mean?
Empire Co (EMLAF) has a Scaled Net Operating Assets of 0.75 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 Empire Co and its competitors.
Is Empire Co's Scaled Net Operating Assets too high?
Empire Co's current Scaled Net Operating Assets is 0.75. Overall, Empire Co has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Empire Co's Scaled Net Operating Assets compare to KR and SFM?
Empire Co's Scaled Net Operating Assets of 0.75 can be compared against companies in the Retail - Defensive 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 - Defensive company?
A good Scaled Net Operating Assets depends on the Retail - Defensive 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 Empire Co and its competitors. Empire Co's current Scaled Net Operating Assets is 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Empire Co stock overvalued right now?
Based on GuruFocus' analysis, Empire Co (EMLAF) is currently considered Fairly Valued. The stock's GF Value™ is $32.94, compared to a current price of $36.05 — trading 9.4% above its estimated fair value. The current Scaled Net Operating Assets is 0.75. Empire Co's overall GF Score™ is 78/100 with 3 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 Empire Co (EMLAF), the current Scaled Net Operating Assets is 0.75 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 Empire Co (EMLAF) Overvalued in 2026?

Based on GuruFocus' analysis, Empire Co stock appears to be overvalued. The current stock price of $36.05 is trading 9.4% above its estimated GF Value™ of $32.94. GuruFocus considers Empire Co to be Fairly Valued.

Key valuation signals for EMLAF:

  • Scaled Net Operating Assets: 0.75
  • GF Value™: $32.94 vs. price of $36.05 (9.4% above fair value)
  • GF Score™: 78/100 with 3 warning signs

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


Empire Co Business Description

Other Exchanges C15:GermanyEMP.A:Canada
Address 115 King Street, Stellarton, NS, CAN, B0K 1S0
Empire Co Ltd is a Canadian company whose key businesses are food retailing and related real estate. The Company's business operations were conducted through its two reportable segments: Food retailing and Investments and other operations. The Food retailing segment is comprised of three operating segments: Sobeys National, Farm Boy and Longo's. Food retailing consists of corporate and franchisee-owned retail food stores, and includes convenience and fuel stores, retail pharmacy stores and in-store pharmacies, as well as an e-commerce grocery-business, providing customers offerings in fresh and non-fresh grocery, fuel, pharmacy, health and beauty care and general merchandise. The Investments and other operations consists of investments in Crombie REIT, real estate partnership.
78GF Score

Get the complete analysis for EMLAF

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

$36.05
Price
$32.94
GF Value