Boston Beer Co (FRA:BBEA) Scaled Net Operating Assets: 0.47 (As of Mar. 2026)


FRA:BBEA Boston Beer Co Inc FRA:BBEA
70 GF Score
Price €154.90
GF Value €267.45
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What is Boston Beer Co Scaled Net Operating Assets?

Boston Beer Co FRA:BBEA +1.64% 70 Scaled Net Operating Assets is 0.47 as of Mar. 2026. GuruFocus rates FRA:BBEA with a GF Score™ of 70/100 and a GF Value™ of €267.45.

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

Boston Beer Co's operating assets for the quarter that ended in Mar. 2026 was €871 Mil. Boston Beer Co's operating liabilities for the quarter that ended in Mar. 2026 was €392 Mil. Boston Beer Co's Total Assets for the quarter that ended in Dec. 2025 was €1,019 Mil. Therefore, Boston Beer Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.47.


Boston Beer Co Scaled Net Operating Assets Historical Data

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The historical data trend for Boston Beer 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.

Boston Beer Co Scaled Net Operating Assets Chart

Boston Beer Co 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 0.80 0.73 0.56 0.54 0.47

Boston Beer Co 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 0.61 0.56 0.54 0.53 0.47

FRA:BBEA vs TAP, BUD, STZ: Scaled Net Operating Assets Comparison

For the Beverages - Brewers subindustry, Boston Beer 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.


Boston Beer Co Scaled Net Operating Assets vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Boston Beer Co's Scaled Net Operating Assets distribution charts can be found below:

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


FRA:BBEA
70GF Score
Boston Beer Co Inc FRA:BBEA
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Boston Beer 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.

Boston Beer Co'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 )
=(828.565-264.263)/1193.767
=0.47

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1019.33 - 190.765
=828.565

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=296.607 - 21.445 - 10.899
=264.263

Boston Beer Co'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 )
=(870.99-392.461)/1019.33
=0.47

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1012.957 - 141.967
=870.99

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=422.514 - 20.065 - 9.988
=392.461

* 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 0.47 mean?
Boston Beer Co (FRA:BBEA) has a Scaled Net Operating Assets of 0.47 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 Boston Beer Co and its competitors.
Is Boston Beer Co's Scaled Net Operating Assets too high?
Boston Beer Co's current Scaled Net Operating Assets is 0.47. Overall, Boston Beer Co has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Boston Beer Co's Scaled Net Operating Assets compare to TAP and BUD?
Boston Beer Co's Scaled Net Operating Assets of 0.47 can be compared against companies in the Beverages - Alcoholic 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 Beverages - Alcoholic company?
A good Scaled Net Operating Assets depends on the Beverages - Alcoholic 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 Boston Beer Co and its competitors. Boston Beer Co's current Scaled Net Operating Assets is 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boston Beer Co stock overvalued right now?
Boston Beer Co (FRA:BBEA) has a current Scaled Net Operating Assets of 0.47. The stock's GF Value™ is €267.45, compared to a current price of €154.90 — trading 42.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.47. Boston Beer Co's overall GF Score™ is 70/100. 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 Boston Beer Co (FRA:BBEA), the current Scaled Net Operating Assets is 0.47 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 Boston Beer Co (FRA:BBEA) Overvalued in 2026?

Based on GuruFocus' analysis, Boston Beer Co stock appears to be undervalued. The current stock price of €154.90 is trading 42.1% below its estimated GF Value™ of €267.45.

Key valuation signals for FRA:BBEA:

  • Scaled Net Operating Assets: 0.47
  • GF Value™: €267.45 vs. price of €154.90 (42.1% below fair value)
  • GF Score™: 70/100

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


Boston Beer Co Business Description

Other Exchanges SAM:USABBEA:Germany
Address One Design Center Place, Suite 850, Boston, MA, USA, 02210
Boston Beer is a top player in high-end malt beverages and adjacent categories in the US, with strong positions in craft beer, flavored malt beverages, hard cider, and hard seltzer. The bulk of volume and revenue is concentrated in four brands: Samuel Adams, Angry Orchard, Twisted Tea, and Truly. Beverages are produced using a hybrid model leveraging both in-house capacities and third-party breweries through contract arrangements. While the firm is required to use distributors to reach end markets, including retailers and on-premises operators, it also employs 500 internal sales representatives to educate the market about its products. The firm generates almost all sales in the US.
70GF Score

Get the complete analysis for FRA:BBEA

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

€154.90
Price
€267.45
GF Value