Fox (FOX) Scaled Net Operating Assets: 0.70 (As of Mar. 2026)


FOX Fox Corp FOX
84 GF Score
Price $45.37
GF Value $52.30
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Fox Scaled Net Operating Assets?

Fox FOX +1.78% 84 Scaled Net Operating Assets is 0.70 as of Mar. 2026. GuruFocus rates FOX with a GF Score™ of 84/100 and a GF Value™ of $52.30 (Modestly Undervalued). 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.

Fox's operating assets for the quarter that ended in Mar. 2026 was $18,182 Mil. Fox's operating liabilities for the quarter that ended in Mar. 2026 was $3,049 Mil. Fox's Total Assets for the quarter that ended in Dec. 2025 was $21,471 Mil. Therefore, Fox's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.70.


Fox Scaled Net Operating Assets Historical Data

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The historical data trend for Fox'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.

Fox Scaled Net Operating Assets Chart

Fox Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.64 0.61 0.66 0.68 0.66

Fox 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 0.66 0.62 0.67 0.73 0.71

FOX vs FWONA, ROKU, WMG: Scaled Net Operating Assets Comparison

For the Entertainment subindustry, Fox'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.


Fox Scaled Net Operating Assets vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Fox's Scaled Net Operating Assets distribution charts can be found below:

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


FOX
84GF Score
Fox Corp FOX
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Fox 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.

Fox's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2025 )
=(Operating Assets (A: Jun. 2025 )-Operating Liabilities (A: Jun. 2025 ))/Total Assets (A: Jun. 2024 )
=(17844-3375)/21972
=0.66

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=23195 - 5351
=17844

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=10840 - 7424 - 41
=3375

Fox'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 )
=(18182-3049)/21471
=0.70

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=21783 - 3601
=18182

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=10623 - 7529 - 45
=3049

* 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 0.70 mean?
Fox (FOX) has a Scaled Net Operating Assets of 0.70 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 Fox and its competitors.
Is Fox's Scaled Net Operating Assets too high?
Fox's current Scaled Net Operating Assets is 0.70. Overall, Fox has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fox's Scaled Net Operating Assets compare to FWONA and ROKU?
Fox's Scaled Net Operating Assets of 0.70 can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good Scaled Net Operating Assets depends on the Media - Diversified 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 Fox and its competitors. Fox's current Scaled Net Operating Assets is 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fox stock overvalued right now?
Based on GuruFocus' analysis, Fox (FOX) is currently considered Modestly Undervalued. The stock's GF Value™ is $52.30, compared to a current price of $45.37 — trading 13.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.70. Fox's overall GF Score™ is 84/100 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 Fox (FOX), the current Scaled Net Operating Assets is 0.70 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 Fox (FOX) Overvalued in 2026?

Based on GuruFocus' analysis, Fox stock appears to be undervalued. The current stock price of $45.37 is trading 13.3% below its estimated GF Value™ of $52.30. GuruFocus considers Fox to be Modestly Undervalued.

Key valuation signals for FOX:

  • Scaled Net Operating Assets: 0.70
  • GF Value™: $52.30 vs. price of $45.37 (13.3% below fair value)
  • GF Score™: 84/100 with 3 warning signs

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


Fox Business Description

Address 1211 Avenue of the Americas, New York, NY, USA, 10036
Fox operates in two segments: cable networks and television. Cable networks primarily includes Fox News, Fox Business, and several pay-TV sports stations. Television primarily includes the Fox broadcast network, 29 owned and operated local television stations, of which 18 are affiliated with the Fox network, and streaming platform Tubi, which is not subscription-based and is completely ad-supported. Fox effectively sold most of its entertainment assets to Disney in 2019, so it no longer creates entertainment content and relies heavily on live news and sports, with nearly all tied to the pay-TV bundle. The Murdoch family controls Fox.
84GF 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.

$45.37
Price
$52.30
GF Value