Abercrombie & Fitch Co (FRA:AFT) Scaled Net Operating Assets: 0.58 (As of Apr. 2026)


FRA:AFT Abercrombie & Fitch Co FRA:AFT
86 GF Score
Price €76.00
GF Value €91.98
Valuation Modestly Undervalued
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What is Abercrombie & Fitch Co Scaled Net Operating Assets?

Abercrombie & Fitch Co FRA:AFT +2.15% 86 Scaled Net Operating Assets is 0.58 as of Apr. 2026. GuruFocus rates FRA:AFT with a GF Score™ of 86/100 and a GF Value™ of €91.98 (Modestly Undervalued).

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

Abercrombie & Fitch Co's operating assets for the quarter that ended in Apr. 2026 was €2,423 Mil. Abercrombie & Fitch Co's operating liabilities for the quarter that ended in Apr. 2026 was €690 Mil. Abercrombie & Fitch Co's Total Assets for the quarter that ended in Jan. 2026 was €3,014 Mil. Therefore, Abercrombie & Fitch Co's scaled net operating assets (SNOA) for the quarter that ended in Apr. 2026 was 0.58.

Abercrombie & Fitch Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Abercrombie & Fitch Co'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.

Abercrombie & Fitch Co Scaled Net Operating Assets Chart

Abercrombie & Fitch Co 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 0.40 0.51 0.44 0.50 0.48

Abercrombie & Fitch Co 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 0.45 0.56 0.56 0.51 0.58

FRA:AFT vs AEO, VSCO, BKE: Scaled Net Operating Assets Comparison

For the Apparel Retail subindustry, Abercrombie & Fitch Co'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.

Abercrombie & Fitch Co Scaled Net Operating Assets vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Abercrombie & Fitch Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Abercrombie & Fitch Co's Scaled Net Operating Assets falls into.


FRA:AFT
86GF Score
Abercrombie & Fitch Co FRA:AFT
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Abercrombie & Fitch Co 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.

Abercrombie & Fitch Co'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 )
=(2346.461-811.316)/3187.691
=0.48

where

Operating Assets(A: Jan. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3014.135 - 667.674
=2346.461

Operating Liabilities(A: Jan. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1805.365 - 788.732 - 205.317
=811.316

Abercrombie & Fitch Co'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 )
=(2422.847-689.635)/3014.135
=0.58

where

Operating Assets(Q: Apr. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2952.284 - 529.437
=2422.847

Operating Liabilities(Q: Apr. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1794.703 - 880.788 - 224.28
=689.635

* 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 0.58 mean?
Abercrombie & Fitch Co (FRA:AFT) has a Scaled Net Operating Assets of 0.58 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 Abercrombie & Fitch Co and its competitors.
Is Abercrombie & Fitch Co's Scaled Net Operating Assets too high?
Abercrombie & Fitch Co's current Scaled Net Operating Assets is 0.58. Overall, Abercrombie & Fitch Co has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Abercrombie & Fitch Co's Scaled Net Operating Assets compare to AEO and VSCO?
Abercrombie & Fitch Co's Scaled Net Operating Assets of 0.58 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 Abercrombie & Fitch Co and its competitors. Abercrombie & Fitch Co's current Scaled Net Operating Assets is 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Abercrombie & Fitch Co stock overvalued right now?
Based on GuruFocus' analysis, Abercrombie & Fitch Co (FRA:AFT) is currently considered Modestly Undervalued. The stock's GF Value™ is €91.98, compared to a current price of €76.00 — trading 17.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.58. Abercrombie & Fitch Co's overall GF Score™ is 86/100. 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 Abercrombie & Fitch Co (FRA:AFT), the current Scaled Net Operating Assets is 0.58 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 Abercrombie & Fitch Co (FRA:AFT) Overvalued in 2026?

Based on GuruFocus' analysis, Abercrombie & Fitch Co stock appears to be undervalued. The current stock price of €76.00 is trading 17.4% below its estimated GF Value™ of €91.98. GuruFocus considers Abercrombie & Fitch Co to be Modestly Undervalued.

Key valuation signals for FRA:AFT:

  • Scaled Net Operating Assets: 0.58
  • GF Value™: €91.98 vs. price of €76.00 (17.4% below fair value)
  • GF Score™: 86/100

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

Abercrombie & Fitch Co Business Description

Address 6301 Fitch Path, New Albany, OH, USA, 43054
Abercrombie & Fitch Co is a digitally led, omnichannel retailer offering apparel, personal care products, and accessories for men, women, and kids through company-owned stores, digital channels, and third-party arrangements. The company operates through three geographic segments: Americas, the maximum revenue generator; Europe, the Middle East and Africa (EMEA); and Asia-Pacific (APAC). Its brand families include Abercrombie brands and Hollister brands. The Americas segment covers North and South America, EMEA includes Europe, the Middle East and Africa, and APAC includes the Asia-Pacific region, including Asia and Oceania.
86GF Score

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

€76.00
Price
€91.98
GF Value