Buckle (FRA:BK2) Scaled Net Operating Assets: 0.59 (As of Apr. 2026)


FRA:BK2 Buckle Inc FRA:BK2
79 GF Score
Price €36.58
GF Value €39.64
Valuation Fairly Valued
! 2 Warning Signs
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What is Buckle Scaled Net Operating Assets?

Buckle FRA:BK2 +1.55% 79 Scaled Net Operating Assets is 0.59 as of Apr. 2026. GuruFocus rates FRA:BK2 with a GF Score™ of 79/100 and a GF Value™ of €39.64 (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.

Buckle's operating assets for the quarter that ended in Apr. 2026 was €649 Mil. Buckle's operating liabilities for the quarter that ended in Apr. 2026 was €153 Mil. Buckle's Total Assets for the quarter that ended in Jan. 2026 was €844 Mil. Therefore, Buckle's scaled net operating assets (SNOA) for the quarter that ended in Apr. 2026 was 0.59.


Buckle Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Buckle'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.

Buckle Scaled Net Operating Assets Chart

Buckle Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.40 0.43 0.55 0.52 0.54

Buckle 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 0.53 0.52 0.53 0.49 0.59

FRA:BK2 vs CRI, AEO, SFIX: Scaled Net Operating Assets Comparison

For the Apparel Retail subindustry, Buckle'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.


Buckle Scaled Net Operating Assets vs Retail - Cyclical Industry

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

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


FRA:BK2
79GF Score
Buckle Inc FRA:BK2
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Buckle 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.

Buckle's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jan. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jan. 2025 )
=(Operating Assets (A: Jan. 2025 )-Operating Liabilities (A: Jan. 2025 ))/Total Assets (A: Jan. 2024 )
=(601.28-157.56)/816.846
=0.54

where

Operating Assets(A: Jan. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=882.125 - 280.845
=601.28

Operating Liabilities(A: Jan. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=472.73 - 238.912 - 76.258
=157.56

Buckle'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 )
=(648.78-153.087)/843.578
=0.59

where

Operating Assets(Q: Apr. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=896.715 - 247.935
=648.78

Operating Liabilities(Q: Apr. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=504.38 - 278.232 - 73.061
=153.087

* 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 0.59 mean?
Buckle (FRA:BK2) has a Scaled Net Operating Assets of 0.59 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 Buckle and its competitors.
Is Buckle's Scaled Net Operating Assets too high?
Buckle's current Scaled Net Operating Assets is 0.59. Overall, Buckle has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Buckle's Scaled Net Operating Assets compare to CRI and AEO?
Buckle's Scaled Net Operating Assets of 0.59 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 Buckle and its competitors. Buckle's current Scaled Net Operating Assets is 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Buckle stock overvalued right now?
Based on GuruFocus' analysis, Buckle (FRA:BK2) is currently considered Fairly Valued. The stock's GF Value™ is €39.64, compared to a current price of €36.58 — trading 7.7% below its estimated fair value. The current Scaled Net Operating Assets is 0.59. Buckle's overall GF Score™ is 79/100 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 Buckle (FRA:BK2), the current Scaled Net Operating Assets is 0.59 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 Buckle (FRA:BK2) Overvalued in 2026?

Based on GuruFocus' analysis, Buckle stock appears to be undervalued. The current stock price of €36.58 is trading 7.7% below its estimated GF Value™ of €39.64. GuruFocus considers Buckle to be Fairly Valued.

Key valuation signals for FRA:BK2:

  • Scaled Net Operating Assets: 0.59
  • GF Value™: €39.64 vs. price of €36.58 (7.7% below fair value)
  • GF Score™: 79/100 with 2 warning signs

No single metric tells the full story. See the FRA:BK2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Buckle Business Description

Other Exchanges BKE:USA0HQ7:UKBK2:Germany
Address 2407 West 24th Street, Kearney, NE, USA, 68845-4915
Buckle Inc is a retailer of casual apparel, footwear, and accessories. The company retails medium to affordable priced casual apparel, footwear, and accessories for fashion-conscious young men and women. It retails under the brand names 'Buckle' and 'The Buckle'. Buckle markets a wide selection of mostly brand-name casual apparel including denim, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear.
79GF Score

Get the complete analysis for FRA:BK2

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

€36.58
Price
€39.64
GF Value