Walker & Dunlop (FRA:5WD) Scaled Net Operating Assets: 0.98 (As of Mar. 2026)


FRA:5WD Walker & Dunlop Inc FRA:5WD
65 GF Score
Price €46.80
GF Value €85.85
Valuation Possible Value Trap
! 10 Warning Signs
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What is Walker & Dunlop Scaled Net Operating Assets?

Walker & Dunlop FRA:5WD -2.09% 65 Scaled Net Operating Assets is 0.98 as of Mar. 2026. GuruFocus rates FRA:5WD with a GF Score™ of 65/100 and a GF Value™ of €85.85 (Possible Value Trap). The stock has 10 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.

Walker & Dunlop's operating assets for the quarter that ended in Mar. 2026 was €5,167 Mil. Walker & Dunlop's operating liabilities for the quarter that ended in Mar. 2026 was €926 Mil. Walker & Dunlop's Total Assets for the quarter that ended in Dec. 2025 was €4,321 Mil. Therefore, Walker & Dunlop's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.98.


Walker & Dunlop Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Walker & Dunlop'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.

Walker & Dunlop Scaled Net Operating Assets Chart

Walker & Dunlop 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 0.92 0.58 0.69 0.83 0.80

Walker & Dunlop 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 0.73 0.73 0.95 0.68 0.98

FRA:5WD vs UWMC, VEL, LDI: Scaled Net Operating Assets Comparison

For the Mortgage Finance subindustry, Walker & Dunlop'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.


Walker & Dunlop Scaled Net Operating Assets vs Banks Industry

For the Banks industry and Financial Services sector, Walker & Dunlop's Scaled Net Operating Assets distribution charts can be found below:

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


FRA:5WD
65GF Score
Walker & Dunlop Inc FRA:5WD
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Walker & Dunlop 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.

Walker & Dunlop'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 )
=(4065.179-717.738)/4184.803
=0.80

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4320.794 - 255.615
=4065.179

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2829.828 - 2010.841 - 101.249
=717.738

Walker & Dunlop'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 )
=(5166.587-926.096)/4320.794
=0.98

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5333.123 - 166.536
=5166.587

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3833.398 - 2907.302 - 0
=926.096

* 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 0.98 mean?
Walker & Dunlop (FRA:5WD) has a Scaled Net Operating Assets of 0.98 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 Walker & Dunlop and its competitors.
Is Walker & Dunlop's Scaled Net Operating Assets too high?
Walker & Dunlop's current Scaled Net Operating Assets is 0.98. Overall, Walker & Dunlop has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Walker & Dunlop's Scaled Net Operating Assets compare to UWMC and VEL?
Walker & Dunlop's Scaled Net Operating Assets of 0.98 can be compared against companies in the Banks 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 Banks company?
A good Scaled Net Operating Assets depends on the Banks 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 Walker & Dunlop and its competitors. Walker & Dunlop's current Scaled Net Operating Assets is 0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Walker & Dunlop stock overvalued right now?
Based on GuruFocus' analysis, Walker & Dunlop (FRA:5WD) is currently considered Possible Value Trap. The stock's GF Value™ is €85.85, compared to a current price of €46.80 — trading 45.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.98. Walker & Dunlop's overall GF Score™ is 65/100 with 10 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 Walker & Dunlop (FRA:5WD), the current Scaled Net Operating Assets is 0.98 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 Walker & Dunlop (FRA:5WD) Overvalued in 2026?

Based on GuruFocus' analysis, Walker & Dunlop stock appears to be undervalued. The current stock price of €46.80 is trading 45.5% below its estimated GF Value™ of €85.85. GuruFocus considers Walker & Dunlop to be Possible Value Trap.

Key valuation signals for FRA:5WD:

  • Scaled Net Operating Assets: 0.98
  • GF Value™: €85.85 vs. price of €46.80 (45.5% below fair value)
  • GF Score™: 65/100 with 10 warning signs

No single metric tells the full story. See the FRA:5WD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Walker & Dunlop Business Description

Other Exchanges WD:USA0A8P:UK
Address 7272 Wisconsin Avenue, Suite 1300, Bethesda, MD, USA, 20814
Walker & Dunlop Inc is a United States-based commercial real estate finance company. It is principally engaged in originating, selling, and servicing a number of multifamily and other commercial real estate financing products that are sold under the programs of Freddie Mac, Fannie Mae, Ginnie Mae, and the Federal Housing Administration. The company is managed based on three reportable segments: Capital Markets (CM), Servicing & Asset Management (SAM), and Corporate. The company generates a majority of its total revenue from gains from mortgage banking activities and servicing fees. It conducts business solely in the United States.
65GF Score

Get the complete analysis for FRA:5WD

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

€46.80
Price
€85.85
GF Value