Sonos (FRA:8SO) Scaled Net Operating Assets: 0.21 (As of Mar. 2026)


FRA:8SO Sonos Inc FRA:8SO
61 GF Score
Price €11.58
GF Value €12.50
Valuation Fairly Valued
! 2 Warning Signs
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What is Sonos Scaled Net Operating Assets?

Sonos FRA:8SO -0.69% 61 Scaled Net Operating Assets is 0.21 as of Mar. 2026. GuruFocus rates FRA:8SO with a GF Score™ of 61/100 and a GF Value™ of €12.50 (Fairly Valued). The stock has 2 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.

Sonos's operating assets for the quarter that ended in Mar. 2026 was €511 Mil. Sonos's operating liabilities for the quarter that ended in Mar. 2026 was €343 Mil. Sonos's Total Assets for the quarter that ended in Dec. 2025 was €809 Mil. Therefore, Sonos's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.21.


Sonos Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Sonos'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.

Sonos Scaled Net Operating Assets Chart

Sonos Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.03 0.34 0.28 0.26 0.19

Sonos 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 0.22 0.25 0.22 0.17 0.21

FRA:8SO vs TBCH, VUZI, GPRO: Scaled Net Operating Assets Comparison

For the Consumer Electronics subindustry, Sonos'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.


Sonos Scaled Net Operating Assets vs Hardware Industry

For the Hardware industry and Technology sector, Sonos's Scaled Net Operating Assets distribution charts can be found below:

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


FRA:8SO
61GF Score
Sonos Inc FRA:8SO
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Sonos 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.

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

Scaled Net Operating Assets (SNOA)(A: Sep. 2025 )
=(Operating Assets (A: Sep. 2025 )-Operating Liabilities (A: Sep. 2025 ))/Total Assets (A: Sep. 2024 )
=(507.581-347.983)/825.597
=0.19

where

Operating Assets(A: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=701.433 - 193.852
=507.581

Operating Liabilities(A: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=398.781 - 45.401 - 5.397
=347.983

Sonos'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 )
=(510.721-342.917)/809.485
=0.21

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=726.152 - 215.431
=510.721

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=393.678 - 44.81 - 5.951
=342.917

* 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 0.21 mean?
Sonos (FRA:8SO) has a Scaled Net Operating Assets of 0.21 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 Sonos and its competitors.
Is Sonos' Scaled Net Operating Assets too high?
Sonos' current Scaled Net Operating Assets is 0.21. Overall, Sonos has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sonos' Scaled Net Operating Assets compare to TBCH and VUZI?
Sonos' Scaled Net Operating Assets of 0.21 can be compared against companies in the Hardware 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 Hardware company?
A good Scaled Net Operating Assets depends on the Hardware 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 Sonos and its competitors. Sonos's current Scaled Net Operating Assets is 0.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sonos stock overvalued right now?
Based on GuruFocus' analysis, Sonos (FRA:8SO) is currently considered Fairly Valued. The stock's GF Value™ is €12.50, compared to a current price of €11.58 — trading 7.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.21. Sonos' overall GF Score™ is 61/100 with 2 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 Sonos (FRA:8SO), the current Scaled Net Operating Assets is 0.21 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 Sonos (FRA:8SO) Overvalued in 2026?

Based on GuruFocus' analysis, Sonos stock appears to be undervalued. The current stock price of €11.58 is trading 7.4% below its estimated GF Value™ of €12.50. GuruFocus considers Sonos to be Fairly Valued.

Key valuation signals for FRA:8SO:

  • Scaled Net Operating Assets: 0.21
  • GF Value™: €12.50 vs. price of €11.58 (7.4% below fair value)
  • GF Score™: 61/100 with 2 warning signs

No single metric tells the full story. See the FRA:8SO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sonos Business Description

Other Exchanges SONO:USA0ZFN:UK8SO:Germany
Address 301 Coromar Drive, Santa Barbara, CA, USA, 93117
Sonos Inc is an audio company dedicated to elevating life through sound, offering a connected platform that brings together music, movies, stories, and conversations. Its portfolio includes home theater speakers, components, plug-in and portable speakers and headphones, known for exceptional sound, thoughtful design, ease of use and seamless access to audio content. Its partner products and other revenue categories include accessories for home integration, such as custom-designed stands, mounts, and shelving units, along with partnerships for architectural speakers and automotive sound systems, as well as licensing, advertising revenue, and subscription-based services. The company operates in the United States and other countries, with the majority of revenue coming from the United States.
61GF Score

Get the complete analysis for FRA:8SO

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

€11.58
Price
€12.50
GF Value