Aluminum of China (FRA:AOC) Scaled Net Operating Assets: 0.70 (As of Mar. 2026)


FRA:AOC Aluminum Corp of China Ltd FRA:AOC
81 GF Score
Price €0.82
GF Value €0.81
Valuation Fairly Valued
! 2 Warning Signs
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What is Aluminum of China Scaled Net Operating Assets?

Aluminum of China FRA:AOC -0.48% 81 Scaled Net Operating Assets is 0.70 as of Mar. 2026. GuruFocus rates FRA:AOC with a GF Score™ of 81/100 and a GF Value™ of €0.81 (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.

Aluminum of China's operating assets for the quarter that ended in Mar. 2026 was €24,655 Mil. Aluminum of China's operating liabilities for the quarter that ended in Mar. 2026 was €5,300 Mil. Aluminum of China's Total Assets for the quarter that ended in Dec. 2025 was €27,527 Mil. Therefore, Aluminum of China's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.70.


Aluminum of China Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Aluminum of China'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.

Aluminum of China Scaled Net Operating Assets Chart

Aluminum of China 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 0.66 0.66 0.73 0.65

Aluminum of China 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 0.70 0.64 0.66 0.67 0.70

FRA:AOC vs AA, CENX, CSTM: Scaled Net Operating Assets Comparison

For the Aluminum subindustry, Aluminum of China'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.


Aluminum of China Scaled Net Operating Assets vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Aluminum of China's Scaled Net Operating Assets distribution charts can be found below:

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


FRA:AOC
81GF Score
Aluminum Corp of China Ltd FRA:AOC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Aluminum of China 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.

Aluminum of China'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 )
=(23446.981-4954.236)/28324.767
=0.65

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=27526.772 - 4079.791
=23446.981

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=12664.749 - 5414.251 - 2296.262
=4954.236

Aluminum of China'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 )
=(24654.953-5299.857)/27526.772
=0.70

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=29281.422 - 4626.469
=24654.953

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=12668.746 - 5449.464 - 1919.425
=5299.857

* 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 0.70 mean?
Aluminum of China (FRA:AOC) has a Scaled Net Operating Assets of 0.70 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 Aluminum of China and its competitors.
Is Aluminum of China's Scaled Net Operating Assets too high?
Aluminum of China's current Scaled Net Operating Assets is 0.70. Overall, Aluminum of China has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Aluminum of China's Scaled Net Operating Assets compare to AA and CENX?
Aluminum of China's Scaled Net Operating Assets of 0.70 can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Scaled Net Operating Assets depends on the Metals & Mining 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 Aluminum of China and its competitors. Aluminum of China's current Scaled Net Operating Assets is 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aluminum of China stock overvalued right now?
Based on GuruFocus' analysis, Aluminum of China (FRA:AOC) is currently considered Fairly Valued. The stock's GF Value™ is €0.81, compared to a current price of €0.82 — trading 1.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.70. Aluminum of China's overall GF Score™ is 81/100 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 Aluminum of China (FRA:AOC), the current Scaled Net Operating Assets is 0.70 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 Aluminum of China (FRA:AOC) Overvalued in 2026?

Based on GuruFocus' analysis, Aluminum of China stock appears to be overvalued. The current stock price of €0.82 is trading 1.7% above its estimated GF Value™ of €0.81. GuruFocus considers Aluminum of China to be Fairly Valued.

Key valuation signals for FRA:AOC:

  • Scaled Net Operating Assets: 0.70
  • GF Value™: €0.81 vs. price of €0.82 (1.7% above fair value)
  • GF Score™: 81/100 with 2 warning signs

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


Aluminum of China Business Description

Address No. 62 North Xizhimen Street, Haidian District, Beijing, CHN, 100082
Aluminum Corp of China Ltd is an aluminum producer. Its main business includes exploration and mining of resources such as bauxite and coal, production, sales, technology research and development of alumina, primary aluminum, aluminum alloys, and carbon products, international trade, logistics industry, thermal and new energy power generation, etc. The company's reportable operating segments are: the alumina segment, the primary aluminum segment, the energy segment, the marketing segment, and the corporate and other segment. The majority of its revenue is generated from the primary aluminum segment, which consists of procuring alumina and other raw materials, supplemental materials, and electricity power, and smelting alumina to produce primary aluminum.
81GF 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.

€0.82
Price
€0.81
GF Value