Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
The Chefs' Warehouse's operating assets for the quarter that ended in Mar. 2026 was €1,615 Mil. The Chefs' Warehouse's operating liabilities for the quarter that ended in Mar. 2026 was €349 Mil. The Chefs' Warehouse's Total Assets for the quarter that ended in Dec. 2025 was €1,732 Mil. Therefore, The Chefs' Warehouse's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.73.
The Chefs' Warehouse Scaled Net Operating Assets Related Terms
The Chefs' Warehouse Scaled Net Operating Assets Historical Data
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The historical data trend for The Chefs' Warehouse'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.
The Chefs' Warehouse Scaled Net Operating Assets Chart
FRA:2CF vs UNFI, ANDE, AVO: Scaled Net Operating Assets Comparison
For the Food Distribution subindustry, The Chefs' Warehouse'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.
The Chefs' Warehouse Scaled Net Operating Assets vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, The Chefs' Warehouse's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where The Chefs' Warehouse'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 0.73 mean?
The Chefs' Warehouse (FRA:2CF) has a Scaled Net Operating Assets of 0.73 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 The Chefs' Warehouse and its competitors.
Is The Chefs' Warehouse's Scaled Net Operating Assets too high?
The Chefs' Warehouse's current Scaled Net Operating Assets is 0.73. Overall, The Chefs' Warehouse has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The Chefs' Warehouse's Scaled Net Operating Assets compare to UNFI and ANDE?
The Chefs' Warehouse's Scaled Net Operating Assets of 0.73 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 The Chefs' Warehouse and its competitors. The Chefs' Warehouse's current Scaled Net Operating Assets is 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Chefs' Warehouse stock overvalued right now?
Based on GuruFocus' analysis, The Chefs' Warehouse (FRA:2CF) is currently considered Significantly Overvalued. The stock's GF Value™ is €45.14, compared to a current price of €81.50 — trading 80.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.73. The Chefs' Warehouse's overall GF Score™ is 72/100 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 The Chefs' Warehouse (FRA:2CF), the current Scaled Net Operating Assets is 0.73 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 The Chefs' Warehouse (FRA:2CF) Overvalued in 2026?
Based on GuruFocus' analysis, The Chefs' Warehouse stock appears to be overvalued.
The current stock price of €81.50 is trading 80.5% above its estimated GF Value™ of €45.14.
GuruFocus considers The Chefs' Warehouse to be Significantly Overvalued.
Key valuation signals for FRA:2CF:
Scaled Net Operating Assets: 0.73
GF Value™: €45.14 vs. price of €81.50 (80.5% above fair value)
No single metric tells the full story. See the FRA:2CF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Chefs' Warehouse Inc is a specialty food distributor in metropolitan areas across the United States, the Middle East and Canada. The company's product portfolio is comprised of imported and local specialty food products such as cheese, cooking oils, chocolates, dried food, baking products, meats, and other food products. It operates via one reporting segment called Food Product Distribution. Operations are concentrated on the east, midwest, and west coasts of the U.S. The company provides service to restaurants, clubs, hotels, caterers, schools, bakeries, casinos, and specialty food stores.
72GF Score
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