Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Future's operating assets for the quarter that ended in Mar. 2026 was €1,888.7 Mil. Future's operating liabilities for the quarter that ended in Mar. 2026 was €325.7 Mil. Future's Total Assets for the quarter that ended in Sep. 2025 was €1,880.3 Mil. Therefore, Future's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.83.
Future Scaled Net Operating Assets Related Terms
Future Scaled Net Operating Assets Historical Data
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The historical data trend for Future'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.
FRA:FNWA vs NYT, WLY: Scaled Net Operating Assets Comparison
For the Publishing subindustry, Future'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.
Future Scaled Net Operating Assets vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Future's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Future's Scaled Net Operating Assets falls into.
* 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 0.83 mean?
Future (FRA:FNWA) has a Scaled Net Operating Assets of 0.83 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 Future and its competitors.
Is Future's Scaled Net Operating Assets too high?
Future's current Scaled Net Operating Assets is 0.83. Overall, Future has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Future's Scaled Net Operating Assets compare to NYT and WLY?
Future's Scaled Net Operating Assets of 0.83 can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good Scaled Net Operating Assets depends on the Media - Diversified 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 Future and its competitors. Future's current Scaled Net Operating Assets is 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Future stock overvalued right now?
Based on GuruFocus' analysis, Future (FRA:FNWA) is currently considered Possible Value Trap. The stock's GF Value™ is €8.88, compared to a current price of €3.32 — trading 62.6% below its estimated fair value. The current Scaled Net Operating Assets is 0.83. Future's overall GF Score™ is 61/100 with 6 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 Future (FRA:FNWA), the current Scaled Net Operating Assets is 0.83 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 Future (FRA:FNWA) Overvalued in 2026?
Based on GuruFocus' analysis, Future stock appears to be undervalued.
The current stock price of €3.32 is trading 62.6% below its estimated GF Value™ of €8.88.
GuruFocus considers Future to be Possible Value Trap.
Key valuation signals for FRA:FNWA:
Scaled Net Operating Assets: 0.83
GF Value™: €8.88 vs. price of €3.32 (62.6% below fair value)
No single metric tells the full story. See the FRA:FNWA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Future PLC is a platform for specialist media underpinned by proprietary technology and enabled by data, with diversified revenue streams. It focuses on various areas which include technology, games, films, music, and photography under brands such as Louder, Tom's Guide, PC Gamer, Digital Camera World, Marie Claire, and others. The company functions through the following divisions; the Media division which generates maximum revenue includes income from digital advertising, affiliate revenue for products, rewards, price comparison and events; and the Magazine division includes revenue associated with digital or printed magazines or bookazines from advertising, to subscriptions, to newstrade. Its reportable segments include the United Kingdom which derives key revenue, and the United States.
61GF 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.
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