Charles Schwab (FRA:SWG) Scaled Net Operating Assets: -0.05 (As of Mar. 2026)


FRA:SWG Charles Schwab Corp FRA:SWG
73 GF Score
Price €80.30
GF Value €88.99
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Charles Schwab Scaled Net Operating Assets?

Charles Schwab FRA:SWG -1.47% 73 Scaled Net Operating Assets is -0.05 as of Mar. 2026. GuruFocus rates FRA:SWG with a GF Score™ of 73/100 and a GF Value™ of €88.99 (Modestly Undervalued). The stock has 2 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.

Charles Schwab's operating assets for the quarter that ended in Mar. 2026 was €335,535 Mil. Charles Schwab's operating liabilities for the quarter that ended in Mar. 2026 was €355,529 Mil. Charles Schwab's Total Assets for the quarter that ended in Dec. 2025 was €419,310 Mil. Therefore, Charles Schwab's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was -0.05.

FRA:SWG
73GF Score
Charles Schwab Corp FRA:SWG
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Charles Schwab 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.

Charles Schwab'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 )
=(380000.11-350668.626)/458250.065
=0.06

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=419309.73 - 39309.62
=380000.11

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=377100.78 - 18948.552 - 7483.602
=350668.626

Charles Schwab'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 )
=(335535.23-355528.84)/419309.73
=-0.05

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=426720.935 - 91185.705
=335535.23

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=384133.525 - 17804.295 - 10800.39
=355528.84

* 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 -0.05 mean?
Charles Schwab (FRA:SWG) has a Scaled Net Operating Assets of -0.05 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 Charles Schwab and its competitors.
Is Charles Schwab's Scaled Net Operating Assets too high?
Charles Schwab's current Scaled Net Operating Assets is -0.05. Overall, Charles Schwab has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Charles Schwab's Scaled Net Operating Assets compare to HOOD and IBKR?
Charles Schwab's Scaled Net Operating Assets of -0.05 can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Scaled Net Operating Assets depends on the Capital Markets 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 Charles Schwab and its competitors. Charles Schwab's current Scaled Net Operating Assets is -0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Charles Schwab stock overvalued right now?
Based on GuruFocus' analysis, Charles Schwab (FRA:SWG) is currently considered Modestly Undervalued. The stock's GF Value™ is €88.99, compared to a current price of €80.30 — trading 9.8% below its estimated fair value. The current Scaled Net Operating Assets is -0.05. Charles Schwab's overall GF Score™ is 73/100 with 2 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 Charles Schwab (FRA:SWG), the current Scaled Net Operating Assets is -0.05 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 Charles Schwab (FRA:SWG) Overvalued in 2026?

Based on GuruFocus' analysis, Charles Schwab stock appears to be undervalued. The current stock price of €80.30 is trading 9.8% below its estimated GF Value™ of €88.99. GuruFocus considers Charles Schwab to be Modestly Undervalued.

Key valuation signals for FRA:SWG:

  • Scaled Net Operating Assets: -0.05
  • GF Value™: €88.99 vs. price of €80.30 (9.8% below fair value)
  • GF Score™: 73/100 with 2 warning signs

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

Charles Schwab Business Description

Address 3000 Schwab Way, Westlake, TX, USA, 76262
Charles Schwab is one of the largest retail-oriented financial-services companies in the US, with $11.9 trillion in client assets across its brokerage, banking, asset management, custody, financial advisory, and wealth management businesses at the end of 2025. While best known for its retail brokerage offering, Schwab generates the lion's share of its revenue and profits through its Charles Schwab Bank and asset management segments. The firm is a dominant player in Registered Investment Advisor(RIA) custody, with over 40% market share, and has recently pushed into wealth management with robo-advisory, direct indexing, and other managed-investment solutions.
73GF 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.

€80.30
Price
€88.99
GF Value