Television Francaise 1 (FRA:FSE) Scaled Net Operating Assets: 0.43 (As of Mar. 2026)


FRA:FSE Television Francaise 1 SA FRA:FSE
73 GF Score
Price €6.60
GF Value €7.43
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Television Francaise 1 Scaled Net Operating Assets?

Television Francaise 1 FRA:FSE +0.92% 73 Scaled Net Operating Assets is 0.43 as of Mar. 2026. GuruFocus rates FRA:FSE with a GF Score™ of 73/100 and a GF Value™ of €7.43 (Modestly Undervalued). The stock has 7 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.

Television Francaise 1's operating assets for the quarter that ended in Mar. 2026 was €3,105 Mil. Television Francaise 1's operating liabilities for the quarter that ended in Mar. 2026 was €1,500 Mil. Television Francaise 1's Total Assets for the quarter that ended in Dec. 2025 was €3,746 Mil. Therefore, Television Francaise 1's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.43.

Television Francaise 1 Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Television Francaise 1'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.

Television Francaise 1 Scaled Net Operating Assets Chart

Television Francaise 1 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 0.46 0.39 0.37 0.45 0.43

Television Francaise 1 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 0.42 0.41 0.44 0.45 0.43

FRA:FSE vs NXST: Scaled Net Operating Assets Comparison

For the Broadcasting subindustry, Television Francaise 1'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.

Television Francaise 1 Scaled Net Operating Assets vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Television Francaise 1's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Television Francaise 1's Scaled Net Operating Assets falls into.


FRA:FSE
73GF Score
Television Francaise 1 SA FRA:FSE
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Television Francaise 1 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.

Television Francaise 1'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 )
=(3063.2-1411.2)/3884.2
=0.43

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3746.3 - 683.1
=3063.2

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1632.6 - 72.5 - 148.9
=1411.2

Television Francaise 1'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 )
=(3105.3-1499.9)/3746.3
=0.43

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3823.3 - 718
=3105.3

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1706.3 - 72.6 - 133.8
=1499.9

* 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 0.43 mean?
Television Francaise 1 (FRA:FSE) has a Scaled Net Operating Assets of 0.43 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 Television Francaise 1 and its competitors.
Is Television Francaise 1's Scaled Net Operating Assets too high?
Television Francaise 1's current Scaled Net Operating Assets is 0.43. Overall, Television Francaise 1 has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Television Francaise 1's Scaled Net Operating Assets compare to NXST?
Television Francaise 1's Scaled Net Operating Assets of 0.43 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 Television Francaise 1 and its competitors. Television Francaise 1's current Scaled Net Operating Assets is 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Television Francaise 1 stock overvalued right now?
Based on GuruFocus' analysis, Television Francaise 1 (FRA:FSE) is currently considered Modestly Undervalued. The stock's GF Value™ is €7.43, compared to a current price of €6.60 — trading 11.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.43. Television Francaise 1's overall GF Score™ is 73/100 with 7 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 Television Francaise 1 (FRA:FSE), the current Scaled Net Operating Assets is 0.43 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 Television Francaise 1 (FRA:FSE) Overvalued in 2026?

Based on GuruFocus' analysis, Television Francaise 1 stock appears to be undervalued. The current stock price of €6.60 is trading 11.2% below its estimated GF Value™ of €7.43. GuruFocus considers Television Francaise 1 to be Modestly Undervalued.

Key valuation signals for FRA:FSE:

  • Scaled Net Operating Assets: 0.43
  • GF Value™: €7.43 vs. price of €6.60 (11.2% below fair value)
  • GF Score™: 73/100 with 7 warning signs

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

Television Francaise 1 Business Description

Address 1, quai du Point du Jour, Boulogne-Billancourt, Paris, FRA, 92656
Television Francaise 1 SA is a television broadcasting company. The firm operates numerous television channels, including TF1, which is the company's flagship channel that broadcasts a variety of television programming. Additionally, the company controls other channels such as LCI, which focuses on news and current events, and Eurosport, the company's sports broadcasting. It is also involved in television and film production, publishing, as well as social media services. The company operates in two segments The Media segment and Studio TF1 segment. The company generates the vast majority of its revenue in France.
73GF Score

Get the complete analysis for FRA:FSE

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

€6.60
Price
€7.43
GF Value