Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Ferguson Enterprises's operating assets for the quarter that ended in Mar. 2026 was $16,969 Mil. Ferguson Enterprises's operating liabilities for the quarter that ended in Mar. 2026 was $5,832 Mil. Ferguson Enterprises's Total Assets for the quarter that ended in Oct. 2025 was $17,694 Mil. Therefore, Ferguson Enterprises's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.63.
Ferguson Enterprises Scaled Net Operating Assets Related Terms
Ferguson Enterprises Scaled Net Operating Assets Historical Data
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The historical data trend for Ferguson Enterprises'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.
Ferguson Enterprises Scaled Net Operating Assets Chart
FERG vs FAST, GWW, WCC: Scaled Net Operating Assets Comparison
For the Industrial Distribution subindustry, Ferguson Enterprises'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.
Ferguson Enterprises Scaled Net Operating Assets vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Ferguson Enterprises's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Ferguson Enterprises's Scaled Net Operating Assets falls into.
* 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 0.63 mean?
Ferguson Enterprises (FERG) has a Scaled Net Operating Assets of 0.63 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 Ferguson Enterprises and its competitors.
Is Ferguson Enterprises' Scaled Net Operating Assets too high?
Ferguson Enterprises' current Scaled Net Operating Assets is 0.63. Overall, Ferguson Enterprises has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ferguson Enterprises' Scaled Net Operating Assets compare to FAST and GWW?
Ferguson Enterprises' Scaled Net Operating Assets of 0.63 can be compared against companies in the Industrial Distribution 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 Industrial Distribution company?
A good Scaled Net Operating Assets depends on the Industrial Distribution 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 Ferguson Enterprises and its competitors. Ferguson Enterprises's current Scaled Net Operating Assets is 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ferguson Enterprises stock overvalued right now?
Based on GuruFocus' analysis, Ferguson Enterprises (FERG) is currently considered Fairly Valued. The stock's GF Value™ is $229.93, compared to a current price of $238.61 — trading 3.8% above its estimated fair value. The current Scaled Net Operating Assets is 0.63. Ferguson Enterprises' overall GF Score™ is 88/100 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 Ferguson Enterprises (FERG), the current Scaled Net Operating Assets is 0.63 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 Ferguson Enterprises (FERG) Overvalued in 2026?
Based on GuruFocus' analysis, Ferguson Enterprises stock appears to be overvalued.
The current stock price of $238.61 is trading 3.8% above its estimated GF Value™ of $229.93.
GuruFocus considers Ferguson Enterprises to be Fairly Valued.
Key valuation signals for FERG:
Scaled Net Operating Assets: 0.63
GF Value™: $229.93 vs. price of $238.61 (3.8% above fair value)
No single metric tells the full story. See the FERG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ferguson distributes plumbing and HVAC products to North American repair, maintenance, and improvement, new construction, and civil infrastructure markets. It serves over 1 million customers and sources products from 37,000 suppliers. Ferguson engages customers through approximately 1,700 North American branches, over the phone, online, and in residential showrooms. The firm sold its UK business in 2021 and is now solely focused on the North American market.
88GF 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.
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