InterContinental Hotels Group (FRA:IC1B) Scaled Net Operating Assets: 0.15 (As of Dec. 2025)


FRA:IC1B InterContinental Hotels Group PLC FRA:IC1B
91 GF Score
Price €147.00
GF Value €118.46
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is InterContinental Hotels Group Scaled Net Operating Assets?

InterContinental Hotels Group FRA:IC1B -1.34% 91 Scaled Net Operating Assets is 0.15 as of Dec. 2025. GuruFocus rates FRA:IC1B with a GF Score™ of 91/100 and a GF Value™ of €118.46 (Modestly Overvalued). The stock has 5 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.

InterContinental Hotels Group's operating assets for the quarter that ended in Dec. 2025 was €3,621 Mil. InterContinental Hotels Group's operating liabilities for the quarter that ended in Dec. 2025 was €2,967 Mil. InterContinental Hotels Group's Total Assets for the quarter that ended in Jun. 2025 was €4,281 Mil. Therefore, InterContinental Hotels Group's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.15.


InterContinental Hotels Group Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for InterContinental Hotels Group'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.

InterContinental Hotels Group Scaled Net Operating Assets Chart

InterContinental Hotels Group 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 0.09 0.07 0.09 0.08 0.14

InterContinental Hotels Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.09 0.11 0.09 0.16 0.15

FRA:IC1B vs MAR, HLT, H: Scaled Net Operating Assets Comparison

For the Lodging subindustry, InterContinental Hotels Group'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.


InterContinental Hotels Group Scaled Net Operating Assets vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, InterContinental Hotels Group's Scaled Net Operating Assets distribution charts can be found below:

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


FRA:IC1B
91GF Score
InterContinental Hotels Group PLC FRA:IC1B
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

InterContinental Hotels Group 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.

InterContinental Hotels Group'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 )
=(3620.96-2966.796)/4534.34
=0.14

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4564.63 - 943.67
=3620.96

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6901.174 - 3502.254 - 432.124
=2966.796

InterContinental Hotels Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(3620.96-2966.796)/4281.246
=0.15

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4564.63 - 943.67
=3620.96

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6901.174 - 3502.254 - 432.124
=2966.796

* 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 0.15 mean?
InterContinental Hotels Group (FRA:IC1B) has a Scaled Net Operating Assets of 0.15 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on InterContinental Hotels Group and its competitors.
Is InterContinental Hotels Group's Scaled Net Operating Assets too high?
InterContinental Hotels Group's current Scaled Net Operating Assets is 0.15. Overall, InterContinental Hotels Group has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does InterContinental Hotels Group's Scaled Net Operating Assets compare to MAR and HLT?
InterContinental Hotels Group's Scaled Net Operating Assets of 0.15 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Scaled Net Operating Assets depends on the Travel & Leisure 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 InterContinental Hotels Group and its competitors. InterContinental Hotels Group's current Scaled Net Operating Assets is 0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is InterContinental Hotels Group stock overvalued right now?
Based on GuruFocus' analysis, InterContinental Hotels Group (FRA:IC1B) is currently considered Modestly Overvalued. The stock's GF Value™ is €118.46, compared to a current price of €147.00 — trading 24.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.15. InterContinental Hotels Group's overall GF Score™ is 91/100 with 5 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 InterContinental Hotels Group (FRA:IC1B), the current Scaled Net Operating Assets is 0.15 as of Dec. 2025. 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 InterContinental Hotels Group (FRA:IC1B) Overvalued in 2026?

Based on GuruFocus' analysis, InterContinental Hotels Group stock appears to be overvalued. The current stock price of €147.00 is trading 24.1% above its estimated GF Value™ of €118.46. GuruFocus considers InterContinental Hotels Group to be Modestly Overvalued.

Key valuation signals for FRA:IC1B:

  • Scaled Net Operating Assets: 0.15
  • GF Value™: €118.46 vs. price of €147.00 (24.1% above fair value)
  • GF Score™: 91/100 with 5 warning signs

No single metric tells the full story. See the FRA:IC1B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


InterContinental Hotels Group Business Description

Address 1 Windsor Dials, Arthur Road, Windsor, Berkshire, GBR, SL4 1RS
InterContinental Hotels Group operates 1 million rooms across 20 brands addressing the midscale through luxury segments, as of Dec. 31, 2025. Holiday Inn and Holiday Inn Express constitute the largest brand, while Hotel Indigo, Even, Hualuxe, Kimpton, and Voco are newer lifestyle brands experiencing strong demand. The company launched a midscale brand, Avid, in 2017 and closed on a 51% stake in Regent Hotels in 2018. It acquired Six Senses in 2019 and launched another midscale brand, Garner, in 2023, followed by a premium conversion brand, Noted Collections, in 2026. Managed and franchised represent 99% of total rooms. As of Dec. 31, 2025, the Americas represented 52% of total rooms, with Greater China accounting for 20% and Europe, Asia, the Middle East, and Africa making up 28%.
91GF Score

Get the complete analysis for FRA:IC1B

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

€147.00
Price
€118.46
GF Value