Apogee Enterprises (FRA:ANP) Scaled Net Operating Assets: 0.66 (As of Feb. 2026)


FRA:ANP Apogee Enterprises Inc FRA:ANP
71 GF Score
Price €36.60
GF Value €42.25
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Apogee Enterprises Scaled Net Operating Assets?

Apogee Enterprises FRA:ANP +4.57% 71 Scaled Net Operating Assets is 0.66 as of Feb. 2026. GuruFocus rates FRA:ANP with a GF Score™ of 71/100 and a GF Value™ of €42.25 (Modestly Undervalued). The stock has 3 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.

Apogee Enterprises's operating assets for the quarter that ended in Feb. 2026 was €916 Mil. Apogee Enterprises's operating liabilities for the quarter that ended in Feb. 2026 was €274 Mil. Apogee Enterprises's Total Assets for the quarter that ended in Nov. 2025 was €965 Mil. Therefore, Apogee Enterprises's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.66.


Apogee Enterprises Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Apogee Enterprises'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.

Apogee Enterprises Scaled Net Operating Assets Chart

Apogee Enterprises Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.59 0.71 0.59 0.94 0.57

Apogee Enterprises Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 0.69 0.65 0.66 0.68 0.67

FRA:ANP vs NX, JBI, LMB: Scaled Net Operating Assets Comparison

For the Building Products & Equipment subindustry, Apogee Enterprises'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.


Apogee Enterprises Scaled Net Operating Assets vs Construction Industry

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

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


FRA:ANP
71GF Score
Apogee Enterprises Inc FRA:ANP
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Apogee Enterprises 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.

Apogee Enterprises's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Feb. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Feb. 2026 )
=(Operating Assets (A: Feb. 2026 )-Operating Liabilities (A: Feb. 2026 ))/Total Assets (A: Feb. 2025 )
=(916.068-274.246)/1128.258
=0.57

where

Operating Assets(A: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=949.504 - 33.436
=916.068

Operating Liabilities(A: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=516.526 - 229.819 - 12.461
=274.246

Apogee Enterprises's Scaled Net Operating Assets (SNOA) for the quarter that ended in Feb. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Feb. 2026 )
=(Operating Assets (Q: Feb. 2026 )-Operating Liabilities (Q: Feb. 2026 ))/Total Assets (Q: Nov. 2025 )
=(916.068-274.246)/965.364
=0.66

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=949.504 - 33.436
=916.068

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=516.526 - 229.819 - 12.461
=274.246

* 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 0.66 mean?
Apogee Enterprises (FRA:ANP) has a Scaled Net Operating Assets of 0.66 as of Feb. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Apogee Enterprises and its competitors.
Is Apogee Enterprises' Scaled Net Operating Assets too high?
Apogee Enterprises' current Scaled Net Operating Assets is 0.66. Overall, Apogee Enterprises has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Apogee Enterprises' Scaled Net Operating Assets compare to NX and JBI?
Apogee Enterprises' Scaled Net Operating Assets of 0.66 can be compared against companies in the Construction 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 Construction company?
A good Scaled Net Operating Assets depends on the Construction 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 Apogee Enterprises and its competitors. Apogee Enterprises's current Scaled Net Operating Assets is 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apogee Enterprises stock overvalued right now?
Based on GuruFocus' analysis, Apogee Enterprises (FRA:ANP) is currently considered Modestly Undervalued. The stock's GF Value™ is €42.25, compared to a current price of €36.60 — trading 13.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.66. Apogee Enterprises' overall GF Score™ is 71/100 with 3 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 Apogee Enterprises (FRA:ANP), the current Scaled Net Operating Assets is 0.66 as of Feb. 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 Apogee Enterprises (FRA:ANP) Overvalued in 2026?

Based on GuruFocus' analysis, Apogee Enterprises stock appears to be undervalued. The current stock price of €36.60 is trading 13.4% below its estimated GF Value™ of €42.25. GuruFocus considers Apogee Enterprises to be Modestly Undervalued.

Key valuation signals for FRA:ANP:

  • Scaled Net Operating Assets: 0.66
  • GF Value™: €42.25 vs. price of €36.60 (13.4% below fair value)
  • GF Score™: 71/100 with 3 warning signs

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


Apogee Enterprises Business Description

Other Exchanges APOG:USA
Address 4400 West 78th Street, Suite 520, Minneapolis, MN, USA, 55435
Apogee Enterprises Inc is a provider of architectural products and services for enclosing buildings, and high-performance glass and acrylic products used in applications for preservation, protection, and enhanced viewing. The company's operating segment consists of the Architectural Metals Segment, Architectural Services Segment, Architectural Glass Segment, and Performance Surfaces Segment. The company generates the majority of its revenue from the Architectural Metals Segment, which designs, engineers, fabricates, and finishes aluminum window, curtainwall, storefront, and entrance systems used principally in non-residential construction. The company geographically operates in the United States, Canada, and Brazil, with the majority revenue generated from the United States.
71GF Score

Get the complete analysis for FRA:ANP

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

€36.60
Price
€42.25
GF Value