Rogers Communications (FRA:RCIB) Scaled Net Operating Assets: 0.77 (As of Mar. 2026)


FRA:RCIB Rogers Communications Inc FRA:RCIB
82 GF Score
Price €30.43
GF Value €34.16
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Rogers Communications Scaled Net Operating Assets?

Rogers Communications FRA:RCIB -2.06% 82 Scaled Net Operating Assets is 0.77 as of Mar. 2026. GuruFocus rates FRA:RCIB with a GF Score™ of 82/100 and a GF Value™ of €34.16 (Modestly Undervalued). 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.

Rogers Communications's operating assets for the quarter that ended in Mar. 2026 was €55,843 Mil. Rogers Communications's operating liabilities for the quarter that ended in Mar. 2026 was €13,135 Mil. Rogers Communications's Total Assets for the quarter that ended in Dec. 2025 was €55,723 Mil. Therefore, Rogers Communications's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.77.


Rogers Communications Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Rogers Communications'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.

Rogers Communications Scaled Net Operating Assets Chart

Rogers Communications 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 0.91 1.11 0.97 0.81 0.87

Rogers Communications Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.77 0.76 0.84 0.75 0.77

FRA:RCIB vs TMUS, VZ, T: Scaled Net Operating Assets Comparison

For the Telecom Services subindustry, Rogers Communications'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.


Rogers Communications Scaled Net Operating Assets vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Rogers Communications's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Rogers Communications's Scaled Net Operating Assets falls into.


FRA:RCIB
82GF Score
Rogers Communications Inc FRA:RCIB
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Rogers Communications 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.

Rogers Communications'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 )
=(54891.245-13340.848)/47867.976
=0.87

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=55723.268 - 832.023
=54891.245

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=40688.658 - 23710.185 - 3637.625
=13340.848

Rogers Communications'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 )
=(55842.937-13135.139)/55723.268
=0.77

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=56716.764 - 873.827
=55842.937

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=41381.928 - 23483.615 - 4763.174
=13135.139

* 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 0.77 mean?
Rogers Communications (FRA:RCIB) has a Scaled Net Operating Assets of 0.77 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 Rogers Communications and its competitors.
Is Rogers Communications' Scaled Net Operating Assets too high?
Rogers Communications' current Scaled Net Operating Assets is 0.77. Overall, Rogers Communications has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Rogers Communications' Scaled Net Operating Assets compare to TMUS and VZ?
Rogers Communications' Scaled Net Operating Assets of 0.77 can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?
A good Scaled Net Operating Assets depends on the Telecommunication Services 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 Rogers Communications and its competitors. Rogers Communications's current Scaled Net Operating Assets is 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rogers Communications stock overvalued right now?
Based on GuruFocus' analysis, Rogers Communications (FRA:RCIB) is currently considered Modestly Undervalued. The stock's GF Value™ is €34.16, compared to a current price of €30.43 — trading 10.9% below its estimated fair value. The current Scaled Net Operating Assets is 0.77. Rogers Communications' overall GF Score™ is 82/100 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 Rogers Communications (FRA:RCIB), the current Scaled Net Operating Assets is 0.77 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 Rogers Communications (FRA:RCIB) Overvalued in 2026?

Based on GuruFocus' analysis, Rogers Communications stock appears to be undervalued. The current stock price of €30.43 is trading 10.9% below its estimated GF Value™ of €34.16. GuruFocus considers Rogers Communications to be Modestly Undervalued.

Key valuation signals for FRA:RCIB:

  • Scaled Net Operating Assets: 0.77
  • GF Value™: €34.16 vs. price of €30.43 (10.9% below fair value)
  • GF Score™: 82/100 with 5 warning signs

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


Rogers Communications Business Description

Address 333 Bloor Street East, 10th Floor, Toronto, ON, CAN, M4W 1G9
Rogers Communications is the largest wireless service provider in Canada with more than 11 million subscribers, equating to one-third of the total Canadian market. Rogers' wireless business accounts for more than half of total revenue and has been growing at a higher rate than other segments. The cable segment, which provides about 38% of total revenue after acquiring Shaw, offers home internet, television, and landline phone service to consumers and businesses. Remaining sales come from Rogers' media unit, which owns and operates various television and radio stations and major Toronto sports franchises, including the Blue Jays, Maple Leafs, Raptors, Toronto FC, and Argonauts.
82GF Score

Get the complete analysis for FRA:RCIB

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

€30.43
Price
€34.16
GF Value