MGIC Investment (FRA:MGC) Scaled Net Operating Assets: -0.04 (As of Mar. 2026)


FRA:MGC MGIC Investment Corp FRA:MGC
85 GF Score
Price €23.80
GF Value €24.13
! 5 Warning Signs
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What is MGIC Investment Scaled Net Operating Assets?

MGIC Investment FRA:MGC 85 Scaled Net Operating Assets is -0.04 as of Mar. 2026. GuruFocus rates FRA:MGC with a GF Score™ of 85/100 and a GF Value™ of €24.13. 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.

MGIC Investment's operating assets for the quarter that ended in Mar. 2026 was €414 Mil. MGIC Investment's operating liabilities for the quarter that ended in Mar. 2026 was €634 Mil. MGIC Investment's Total Assets for the quarter that ended in Dec. 2025 was €5,670 Mil. Therefore, MGIC Investment's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was -0.04.

FRA:MGC
85GF Score
MGIC Investment Corp FRA:MGC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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MGIC Investment 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.

MGIC Investment'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 )
=(5355.004-722.31)/6252.609
=0.74

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=5670.121 - 315.117
=5355.004

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1274.112 - 551.802 - 0
=722.31

MGIC Investment'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 )
=(413.935-634.007)/5670.121
=-0.04

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=5550.488 - 5136.553
=413.935

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1193.235 - 559.228 - 0
=634.007

* 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 -0.04 mean?
MGIC Investment (FRA:MGC) has a Scaled Net Operating Assets of -0.04 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 MGIC Investment and its competitors.
Is MGIC Investment's Scaled Net Operating Assets too high?
MGIC Investment's current Scaled Net Operating Assets is -0.04. Overall, MGIC Investment has a GF Score™ of 85/100, reflecting its overall financial health beyond just this single metric.
How does MGIC Investment's Scaled Net Operating Assets compare to ESNT and ACT?
MGIC Investment's Scaled Net Operating Assets of -0.04 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 MGIC Investment and its competitors. MGIC Investment's current Scaled Net Operating Assets is -0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGIC Investment stock overvalued right now?
MGIC Investment (FRA:MGC) has a current Scaled Net Operating Assets of -0.04. The stock's GF Value™ is €24.13, compared to a current price of €23.80 — trading 1.4% below its estimated fair value. The current Scaled Net Operating Assets is -0.04. MGIC Investment's overall GF Score™ is 85/100 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 MGIC Investment (FRA:MGC), the current Scaled Net Operating Assets is -0.04 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 MGIC Investment (FRA:MGC) Overvalued in 2026?

Based on GuruFocus' analysis, MGIC Investment stock appears to be undervalued. The current stock price of €23.80 is trading 1.4% below its estimated GF Value™ of €24.13.

Key valuation signals for FRA:MGC:

  • Scaled Net Operating Assets: -0.04
  • GF Value™: €24.13 vs. price of €23.80 (1.4% below fair value)
  • GF Score™: 85/100 with 5 warning signs

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

MGIC Investment Business Description

Other Exchanges MTG:USAMTG:Mexico
Address 250 E. Kilbourn Avenue, MGIC Plaza, Milwaukee, WI, USA, 53202
MGIC Investment Corp provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services. The insurance premiums that these customers pay for the protection account for close to the majority of the company's total revenue. Investment income accounts for the remaining revenue. The company sells its insurance products in all states of the United States and in Puerto Rico. Its greatest exposure is in California, Florida, Texas, Pennsylvania, Ohio, Illinois, Virginia, North Carolina, Georgia, and New York.
85GF 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.

€23.80
Price
€24.13
GF Value