American Eagle Outfitters (FRA:AFG) Scaled Net Operating Assets: 0.86 (As of Apr. 2026)


FRA:AFG American Eagle Outfitters Inc FRA:AFG
80 GF Score
Price €15.60
GF Value €18.64
Valuation Modestly Undervalued
! 1 Warning Sign
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What is American Eagle Outfitters Scaled Net Operating Assets?

American Eagle Outfitters FRA:AFG -1.67% 80 Scaled Net Operating Assets is 0.86 as of Apr. 2026. GuruFocus rates FRA:AFG with a GF Score™ of 80/100 and a GF Value™ of €18.64 (Modestly Undervalued). The stock has 1 warning sign investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

American Eagle Outfitters's operating assets for the quarter that ended in Apr. 2026 was €3,401 Mil. American Eagle Outfitters's operating liabilities for the quarter that ended in Apr. 2026 was €481 Mil. American Eagle Outfitters's Total Assets for the quarter that ended in Jan. 2026 was €3,412 Mil. Therefore, American Eagle Outfitters's scaled net operating assets (SNOA) for the quarter that ended in Apr. 2026 was 0.86.


American Eagle Outfitters Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for American Eagle Outfitters'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.

American Eagle Outfitters Scaled Net Operating Assets Chart

American Eagle Outfitters Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.88 0.78 0.71 0.84 0.73

American Eagle Outfitters Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.76 0.87 0.86 0.75 0.86

FRA:AFG vs BKE, ANF, CRI: Scaled Net Operating Assets Comparison

For the Apparel Retail subindustry, American Eagle Outfitters'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.


American Eagle Outfitters Scaled Net Operating Assets vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, American Eagle Outfitters's Scaled Net Operating Assets distribution charts can be found below:

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


FRA:AFG
80GF Score
American Eagle Outfitters Inc FRA:AFG
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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American Eagle Outfitters 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.

American Eagle Outfitters's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jan. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jan. 2026 )
=(Operating Assets (A: Jan. 2026 )-Operating Liabilities (A: Jan. 2026 ))/Total Assets (A: Jan. 2025 )
=(3208.915-525.852)/3700.529
=0.73

where

Operating Assets(A: Jan. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3412.238 - 203.323
=3208.915

Operating Liabilities(A: Jan. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1972.827 - 1174.651 - 272.324
=525.852

American Eagle Outfitters's Scaled Net Operating Assets (SNOA) for the quarter that ended in Apr. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Apr. 2026 )
=(Operating Assets (Q: Apr. 2026 )-Operating Liabilities (Q: Apr. 2026 ))/Total Assets (Q: Jan. 2026 )
=(3400.834-481.055)/3412.238
=0.86

where

Operating Assets(Q: Apr. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3489.144 - 88.31
=3400.834

Operating Liabilities(Q: Apr. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2083.914 - 1337.308 - 265.551
=481.055

* 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 0.86 mean?
American Eagle Outfitters (FRA:AFG) has a Scaled Net Operating Assets of 0.86 as of Apr. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on American Eagle Outfitters and its competitors.
Is American Eagle Outfitters' Scaled Net Operating Assets too high?
American Eagle Outfitters' current Scaled Net Operating Assets is 0.86. Overall, American Eagle Outfitters has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does American Eagle Outfitters' Scaled Net Operating Assets compare to BKE and ANF?
American Eagle Outfitters' Scaled Net Operating Assets of 0.86 can be compared against companies in the Retail - Cyclical 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 - Cyclical company?
A good Scaled Net Operating Assets depends on the Retail - Cyclical 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 American Eagle Outfitters and its competitors. American Eagle Outfitters's current Scaled Net Operating Assets is 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Eagle Outfitters stock overvalued right now?
Based on GuruFocus' analysis, American Eagle Outfitters (FRA:AFG) is currently considered Modestly Undervalued. The stock's GF Value™ is €18.64, compared to a current price of €15.60 — trading 16.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.86. American Eagle Outfitters' overall GF Score™ is 80/100 with 1 warning sign 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 American Eagle Outfitters (FRA:AFG), the current Scaled Net Operating Assets is 0.86 as of Apr. 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 American Eagle Outfitters (FRA:AFG) Overvalued in 2026?

Based on GuruFocus' analysis, American Eagle Outfitters stock appears to be undervalued. The current stock price of €15.60 is trading 16.3% below its estimated GF Value™ of €18.64. GuruFocus considers American Eagle Outfitters to be Modestly Undervalued.

Key valuation signals for FRA:AFG:

  • Scaled Net Operating Assets: 0.86
  • GF Value™: €18.64 vs. price of €15.60 (16.3% below fair value)
  • GF Score™: 80/100 with 1 warning sign

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


American Eagle Outfitters Business Description

Address 77 Hot Metal Street, Pittsburgh, PA, USA, 15203-2329
American Eagle Outfitters Inc is a specialty retailer. The company is engaged in the retail of apparel and accessories with company stores in the United States, Canada, Mexico, and Hong Kong. The Company leases all store premises, regional distribution facilities, some of its office space, and certain information technology and office equipment. American Eagle also has its online business. It operates in two segments: American Eagle and Aerie. The majority of its revenue comes from its primary brand, American Eagle, which offers an assortment of specialty apparel, accessories, and personal care products for women and men. Geographically, it generates the majority of its revenue from the United States.
80GF Score

Get the complete analysis for FRA:AFG

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

€15.60
Price
€18.64
GF Value