Greenlight Capital Re (FRA:G8L) Scaled Net Operating Assets: 0.31 (As of Mar. 2026)

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FRA:G8L Greenlight Capital Re Ltd FRA:G8L
72 GF Score
Price €14.30
GF Value €14.18
Valuation Fairly Valued
! 6 Warning Signs
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What is Greenlight Capital Re Scaled Net Operating Assets?

Greenlight Capital Re FRA:G8L -0.69% 72 Scaled Net Operating Assets is 0.31 as of Mar. 2026. GuruFocus rates FRA:G8L with a GF Score™ of 72/100 and a GF Value™ of €14.18 (Fairly Valued). The stock has 6 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.

Greenlight Capital Re's operating assets for the quarter that ended in Mar. 2026 was €1,898.0 Mil. Greenlight Capital Re's operating liabilities for the quarter that ended in Mar. 2026 was €1,317.7 Mil. Greenlight Capital Re's Total Assets for the quarter that ended in Dec. 2025 was €1,853.0 Mil. Therefore, Greenlight Capital Re's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.31.

FRA:G8L
72GF Score
Greenlight Capital Re Ltd FRA:G8L
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Greenlight Capital Re 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.

Greenlight Capital Re'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 )
=(1757.555-1244.348)/1925.493
=0.27

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1852.995 - 95.44
=1757.555

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1248.382 - 0 - 4.034
=1244.348

Greenlight Capital Re'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 )
=(1897.969-1317.707)/1852.995
=0.31

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1962.92 - 64.951
=1897.969

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1321.806 - 0 - 4.099
=1317.707

* 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 0.31 mean?
Greenlight Capital Re (FRA:G8L) has a Scaled Net Operating Assets of 0.31 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 Greenlight Capital Re and its competitors.
Is Greenlight Capital Re's Scaled Net Operating Assets too high?
Greenlight Capital Re's current Scaled Net Operating Assets is 0.31. Overall, Greenlight Capital Re has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Greenlight Capital Re's Scaled Net Operating Assets compare to KG and OXBR?
Greenlight Capital Re's Scaled Net Operating Assets of 0.31 can be compared against companies in the Insurance 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 an Insurance company?
A good Scaled Net Operating Assets depends on the Insurance 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 Greenlight Capital Re and its competitors. Greenlight Capital Re's current Scaled Net Operating Assets is 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Greenlight Capital Re stock overvalued right now?
Based on GuruFocus' analysis, Greenlight Capital Re (FRA:G8L) is currently considered Fairly Valued. The stock's GF Value™ is €14.18, compared to a current price of €14.30 — trading 0.8% above its estimated fair value. The current Scaled Net Operating Assets is 0.31. Greenlight Capital Re's overall GF Score™ is 72/100 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 Greenlight Capital Re (FRA:G8L), the current Scaled Net Operating Assets is 0.31 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 Greenlight Capital Re (FRA:G8L) Overvalued in 2026?

Based on GuruFocus' analysis, Greenlight Capital Re stock appears to be overvalued. The current stock price of €14.30 is trading 0.8% above its estimated GF Value™ of €14.18. GuruFocus considers Greenlight Capital Re to be Fairly Valued.

Key valuation signals for FRA:G8L:

  • Scaled Net Operating Assets: 0.31
  • GF Value™: €14.18 vs. price of €14.30 (0.8% above fair value)
  • GF Score™: 72/100 with 6 warning signs

No single metric tells the full story. See the FRA:G8L stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Greenlight Capital Re Business Description

Other Exchanges GLRE:USA
Address 65 Market Street, Suite 1207, Jasmine Court, P.O. Box 31110, Camana Bay, Grand Cayman, CYM, KY1-1205
Greenlight Capital Re Ltd offers property and casualty reinsurance. Its customers are property and casualty insurers, and Greenlight takes on some of their risk in exchange for insurance premiums. It operates through one operating segment: property and casualty reinsurance. It generates revenue through premiums from reinsurance on property and casualty business assumed and income from investments.
72GF 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.

€14.30
Price
€14.18
GF Value