Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Land Securities Group's operating assets for the quarter that ended in Mar. 2026 was €13,187 Mil. Land Securities Group's operating liabilities for the quarter that ended in Mar. 2026 was €585 Mil. Land Securities Group's Total Assets for the quarter that ended in Sep. 2025 was €13,337 Mil. Therefore, Land Securities Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.94.
Land Securities Group Scaled Net Operating Assets Related Terms
Land Securities Group Scaled Net Operating Assets Historical Data
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The historical data trend for Land Securities 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.
Land Securities Group Scaled Net Operating Assets Chart
FRA:LSU2 vs VICI, WPC: Scaled Net Operating Assets Comparison
For the REIT - Diversified subindustry, Land Securities 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.
Land Securities Group Scaled Net Operating Assets vs REITs Industry
For the REITs industry and Real Estate sector, Land Securities Group's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Land Securities Group'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 0.94 mean?
Land Securities Group (FRA:LSU2) has a Scaled Net Operating Assets of 0.94 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 Land Securities Group and its competitors.
Is Land Securities Group's Scaled Net Operating Assets too high?
Land Securities Group's current Scaled Net Operating Assets is 0.94. Overall, Land Securities Group has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Land Securities Group's Scaled Net Operating Assets compare to VICI and WPC?
Land Securities Group's Scaled Net Operating Assets of 0.94 can be compared against companies in the REITs 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 REITs company?
A good Scaled Net Operating Assets depends on the REITs 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 Land Securities Group and its competitors. Land Securities Group's current Scaled Net Operating Assets is 0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Land Securities Group stock overvalued right now?
Based on GuruFocus' analysis, Land Securities Group (FRA:LSU2) is currently considered Fairly Valued. The stock's GF Value™ is €7.16, compared to a current price of €7.62 — trading 6.4% above its estimated fair value. The current Scaled Net Operating Assets is 0.94. Land Securities Group's overall GF Score™ is 62/100 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 Land Securities Group (FRA:LSU2), the current Scaled Net Operating Assets is 0.94 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 Land Securities Group (FRA:LSU2) Overvalued in 2026?
Based on GuruFocus' analysis, Land Securities Group stock appears to be overvalued.
The current stock price of €7.62 is trading 6.4% above its estimated GF Value™ of €7.16.
GuruFocus considers Land Securities Group to be Fairly Valued.
Key valuation signals for FRA:LSU2:
Scaled Net Operating Assets: 0.94
GF Value™: €7.16 vs. price of €7.62 (6.4% above fair value)
No single metric tells the full story. See the FRA:LSU2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Land Securities Group PLC is a real estate investment trust engaged in buying, selling, developing, and managing commercial property in the United Kingdom. The company's real estate portfolio is made up of office, retail, and leisure spaces in the London and Greater London regions. Office locations in London's West End, offices in the City of London, and shopping centers comprise the majority of the value of Land Securities' total assets. The company derives nearly all of its revenue in the form of rental income from medium- to long-term leases with tenants. Land Securities' overall net rental income is fairly evenly split between revenue from its London office properties and its retail properties in Greater London. It segments as Office-led, Retail-led, Residential-led and Other assets.
62GF Score
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