Matson (FRA:68M) Scaled Net Operating Assets: 0.73 (As of Mar. 2026)


FRA:68M Matson Inc FRA:68M
87 GF Score
Price €166.00
GF Value €120.17
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Matson Scaled Net Operating Assets?

Matson FRA:68M -1.78% 87 Scaled Net Operating Assets is 0.73 as of Mar. 2026. GuruFocus rates FRA:68M with a GF Score™ of 87/100 and a GF Value™ of €120.17 (Significantly Overvalued). The stock has 9 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.

Matson's operating assets for the quarter that ended in Mar. 2026 was €3,878 Mil. Matson's operating liabilities for the quarter that ended in Mar. 2026 was €1,000 Mil. Matson's Total Assets for the quarter that ended in Dec. 2025 was €3,959 Mil. Therefore, Matson's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.73.


Matson Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Matson'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.

Matson Scaled Net Operating Assets Chart

Matson 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 0.91 0.85 0.67 0.76 0.65

Matson 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 0.68 0.67 0.73 0.73 0.73

FRA:68M vs KEX, ZIM, SBLK: Scaled Net Operating Assets Comparison

For the Marine Shipping subindustry, Matson'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.


Matson Scaled Net Operating Assets vs Transportation Industry

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

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


FRA:68M
87GF Score
Matson Inc FRA:68M
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Matson 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.

Matson'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 )
=(3837.619-981.672)/4388.607
=0.65

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3958.802 - 121.183
=3837.619

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1602.616 - 477.301 - 143.643
=981.672

Matson'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 )
=(3877.709-999.68)/3958.802
=0.73

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3964.295 - 86.586
=3877.709

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1602.758 - 460.353 - 142.725
=999.68

* 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?
Matson (FRA:68M) 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 Matson and its competitors.
Is Matson's Scaled Net Operating Assets too high?
Matson's current Scaled Net Operating Assets is 0.73. Overall, Matson has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Matson's Scaled Net Operating Assets compare to KEX and ZIM?
Matson's Scaled Net Operating Assets of 0.73 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 Matson and its competitors. Matson'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 Matson stock overvalued right now?
Based on GuruFocus' analysis, Matson (FRA:68M) is currently considered Significantly Overvalued. The stock's GF Value™ is €120.17, compared to a current price of €166.00 — trading 38.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.73. Matson's overall GF Score™ is 87/100 with 9 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 Matson (FRA:68M), 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 Matson (FRA:68M) Overvalued in 2026?

Based on GuruFocus' analysis, Matson stock appears to be overvalued. The current stock price of €166.00 is trading 38.1% above its estimated GF Value™ of €120.17. GuruFocus considers Matson to be Significantly Overvalued.

Key valuation signals for FRA:68M:

  • Scaled Net Operating Assets: 0.73
  • GF Value™: €120.17 vs. price of €166.00 (38.1% above fair value)
  • GF Score™: 87/100 with 9 warning signs

No single metric tells the full story. See the FRA:68M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Matson Business Description

Other Exchanges MATX:USA68M:Germany
Address 1411 Sand Island Parkway, Honolulu, HI, USA, 96819
Matson Inc is engaged in providing ocean transportation and logistics services. The company has two reportable business segments: Ocean Transportation and Logistics. The Ocean Transportation segment provides ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, California, Okinawa, and different islands in the South Pacific. The Logistics segment offers long-haul and regional highway trucking services, warehousing and distribution services, supply chain management, and freight forwarding services. The firm generates the majority of its revenue from the Ocean Transportation segment.
87GF Score

Get the complete analysis for FRA:68M

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

€166.00
Price
€120.17
GF Value