Great-West Lifeco (FRA:GWS) Scaled Net Operating Assets: 0.02 (As of Mar. 2026)


FRA:GWS Great-West Lifeco Inc FRA:GWS
59 GF Score
Price €54.70
GF Value €31.71
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Great-West Lifeco Scaled Net Operating Assets?

Great-West Lifeco FRA:GWS -0.07% 59 Scaled Net Operating Assets is 0.02 as of Mar. 2026. GuruFocus rates FRA:GWS with a GF Score™ of 59/100 and a GF Value™ of €31.71 (Significantly Overvalued). The stock has 8 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.

Great-West Lifeco's operating assets for the quarter that ended in Mar. 2026 was €529,358 Mil. Great-West Lifeco's operating liabilities for the quarter that ended in Mar. 2026 was €518,101 Mil. Great-West Lifeco's Total Assets for the quarter that ended in Dec. 2025 was €534,147 Mil. Therefore, Great-West Lifeco's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.02.

FRA:GWS
59GF Score
Great-West Lifeco Inc FRA:GWS
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Great-West Lifeco 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.

Great-West Lifeco'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 )
=(529073.893-505410.758)/537703.141
=0.04

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=534146.511 - 5072.618
=529073.893

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=513715.513 - 7903.601 - 401.154
=505410.758

Great-West Lifeco'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 )
=(529357.933-518100.955)/534146.511
=0.02

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=544595.047 - 15237.114
=529357.933

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=523685.627 - 5584.672 - 0
=518100.955

* 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 0.02 mean?
Great-West Lifeco (FRA:GWS) has a Scaled Net Operating Assets of 0.02 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 Great-West Lifeco and its competitors.
Is Great-West Lifeco's Scaled Net Operating Assets too high?
Great-West Lifeco's current Scaled Net Operating Assets is 0.02. Overall, Great-West Lifeco has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Great-West Lifeco's Scaled Net Operating Assets compare to AFL and MET?
Great-West Lifeco's Scaled Net Operating Assets of 0.02 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 Great-West Lifeco and its competitors. Great-West Lifeco's current Scaled Net Operating Assets is 0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Great-West Lifeco stock overvalued right now?
Based on GuruFocus' analysis, Great-West Lifeco (FRA:GWS) is currently considered Significantly Overvalued. The stock's GF Value™ is €31.71, compared to a current price of €54.70 — trading 72.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.02. Great-West Lifeco's overall GF Score™ is 59/100 with 8 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 Great-West Lifeco (FRA:GWS), the current Scaled Net Operating Assets is 0.02 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 Great-West Lifeco (FRA:GWS) Overvalued in 2026?

Based on GuruFocus' analysis, Great-West Lifeco stock appears to be overvalued. The current stock price of €54.70 is trading 72.5% above its estimated GF Value™ of €31.71. GuruFocus considers Great-West Lifeco to be Significantly Overvalued.

Key valuation signals for FRA:GWS:

  • Scaled Net Operating Assets: 0.02
  • GF Value™: €31.71 vs. price of €54.70 (72.5% above fair value)
  • GF Score™: 59/100 with 8 warning signs

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

Great-West Lifeco Business Description

Address 100 Osborne Street North, Winnipeg, MB, CAN, R3C 1V3
Great-West Lifeco is one of the Big Three Canadian life insurers. The firm's Canadian business contributed around 31% of its 2025 adjusted earnings. The firm generates a further 29% of adjusted earnings from the United States, attributable to its recordkeeping business, Empower, and its US life insurance business. Great-West Lifeco also offers various products across European markets with a strong presence in the UK and Ireland, which collectively accounted for 20% of adjusted earnings, while the firm's reinsurance business accounts for the remainder. Great-West Lifeco had around CAD 3.5 trillion of assets under administration across its business segments at the end of December 2025.
59GF 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.

€54.70
Price
€31.71
GF Value