FNNNF (Finnair Oyj) Scaled Net Operating Assets: 0.39 (As of Mar. 2026)


FNNNF Finnair Oyj FNNNF
67 GF Score
Price $5.73
GF Value $3.30
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Finnair Oyj Scaled Net Operating Assets?

Finnair Oyj FNNNF +17.32% 67 Scaled Net Operating Assets is 0.39 as of Mar. 2026. GuruFocus rates FNNNF with a GF Score™ of 67/100 and a GF Value™ of $3.30 (Significantly Overvalued). The stock has 7 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.

Finnair Oyj's operating assets for the quarter that ended in Mar. 2026 was $3,443 Mil. Finnair Oyj's operating liabilities for the quarter that ended in Mar. 2026 was $1,743 Mil. Finnair Oyj's Total Assets for the quarter that ended in Dec. 2025 was $4,317 Mil. Therefore, Finnair Oyj's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.39.

Finnair Oyj Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Finnair Oyj'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.

Finnair Oyj Scaled Net Operating Assets Chart

Finnair Oyj Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.51 0.35 0.42 0.42 0.41

Finnair Oyj 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 0.37 0.39 0.40 0.39 0.39

FNNNF vs DAL, UAL, LUV: Scaled Net Operating Assets Comparison

For the Airlines subindustry, Finnair Oyj'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.

Finnair Oyj Scaled Net Operating Assets vs Transportation Industry

For the Transportation industry and Industrials sector, Finnair Oyj's Scaled Net Operating Assets distribution charts can be found below:

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


FNNNF
67GF Score
Finnair Oyj FNNNF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Finnair Oyj 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.

Finnair Oyj'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 )
=(3074.824-1484.075)/3896.335
=0.41

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4317.213 - 1242.389
=3074.824

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3571.663 - 1874.59 - 212.998
=1484.075

Finnair Oyj'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 )
=(3443.468-1742.774)/4317.213
=0.39

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4836.994 - 1393.526
=3443.468

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3766.358 - 1815.029 - 208.555
=1742.774

* 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 0.39 mean?
Finnair Oyj (FNNNF) has a Scaled Net Operating Assets of 0.39 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 Finnair Oyj and its competitors.
Is Finnair Oyj's Scaled Net Operating Assets too high?
Finnair Oyj's current Scaled Net Operating Assets is 0.39. Overall, Finnair Oyj has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Finnair Oyj's Scaled Net Operating Assets compare to DAL and UAL?
Finnair Oyj's Scaled Net Operating Assets of 0.39 can be compared against companies in the Transportation 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 Transportation company?
A good Scaled Net Operating Assets depends on the Transportation 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 Finnair Oyj and its competitors. Finnair Oyj's current Scaled Net Operating Assets is 0.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Finnair Oyj stock overvalued right now?
Based on GuruFocus' analysis, Finnair Oyj (FNNNF) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.30, compared to a current price of $5.73 — trading 73.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.39. Finnair Oyj's overall GF Score™ is 67/100 with 7 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 Finnair Oyj (FNNNF), the current Scaled Net Operating Assets is 0.39 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 Finnair Oyj (FNNNF) Overvalued in 2026?

Based on GuruFocus' analysis, Finnair Oyj stock appears to be overvalued. The current stock price of $5.73 is trading 73.5% above its estimated GF Value™ of $3.30. GuruFocus considers Finnair Oyj to be Significantly Overvalued.

Key valuation signals for FNNNF:

  • Scaled Net Operating Assets: 0.39
  • GF Value™: $3.30 vs. price of $5.73 (73.5% above fair value)
  • GF Score™: 67/100 with 7 warning signs

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

Finnair Oyj Business Description

Address Tietotie 9 A Helsinki Airport, PO Box 15, Vantaa, FIN, 01053
Finnair Oyj is a Finland-based airline company that provides air transport operations and supporting services. The company is engaged in delivering services for scheduled passenger and charter traffic as well as cargo sales, customer service and service concepts, flight operations, and activities connected with the procurement and financing of aircraft. The company also provides travel services which consist of travel agency operations as well as tour operations and travel sector software business operations. It operates in only one segment which is Airline Business. Its travel services provide various traveling packages to customers through its travel operators and travel agencies, support services include catering services, Aircraft maintenance, ground handling, and Airline training.
67GF 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.

$5.73
Price
$3.30
GF Value