Unity Software (FRA:US3) Scaled Net Operating Assets: 0.49 (As of Mar. 2026)


FRA:US3 Unity Software Inc FRA:US3
65 GF Score
Price €24.64
GF Value €22.04
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Unity Software Scaled Net Operating Assets?

Unity Software FRA:US3 -0.48% 65 Scaled Net Operating Assets is 0.49 as of Mar. 2026. GuruFocus rates FRA:US3 with a GF Score™ of 65/100 and a GF Value™ of €22.04 (Modestly Overvalued). The stock has 3 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.

Unity Software's operating assets for the quarter that ended in Mar. 2026 was €3,789 Mil. Unity Software's operating liabilities for the quarter that ended in Mar. 2026 was €903 Mil. Unity Software's Total Assets for the quarter that ended in Dec. 2025 was €5,839 Mil. Therefore, Unity Software's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.49.


Unity Software Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Unity Software'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.

Unity Software Scaled Net Operating Assets Chart

Unity Software Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.95 1.07 0.56 0.60 0.49

Unity Software 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 0.59 0.56 0.56 0.54 0.49

FRA:US3 vs TYL, DT, PTC: Scaled Net Operating Assets Comparison

For the Software - Application subindustry, Unity Software'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.


Unity Software Scaled Net Operating Assets vs Software Industry

For the Software industry and Technology sector, Unity Software's Scaled Net Operating Assets distribution charts can be found below:

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


FRA:US3
65GF Score
Unity Software Inc FRA:US3
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Unity Software 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.

Unity Software'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 )
=(4083.629-944.626)/6434.224
=0.49

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5839.316 - 1755.687
=4083.629

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2853.615 - 1433.78 - 475.209
=944.626

Unity Software'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 )
=(3789.461-903.274)/5839.316
=0.49

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5641.306 - 1851.845
=3789.461

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2837.734 - 1452.819 - 481.641
=903.274

* 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 0.49 mean?
Unity Software (FRA:US3) has a Scaled Net Operating Assets of 0.49 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 Unity Software and its competitors.
Is Unity Software's Scaled Net Operating Assets too high?
Unity Software's current Scaled Net Operating Assets is 0.49. Overall, Unity Software has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Unity Software's Scaled Net Operating Assets compare to TYL and DT?
Unity Software's Scaled Net Operating Assets of 0.49 can be compared against companies in the Software 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 Software company?
A good Scaled Net Operating Assets depends on the Software 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 Unity Software and its competitors. Unity Software's current Scaled Net Operating Assets is 0.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Unity Software stock overvalued right now?
Based on GuruFocus' analysis, Unity Software (FRA:US3) is currently considered Modestly Overvalued. The stock's GF Value™ is €22.04, compared to a current price of €24.64 — trading 11.8% above its estimated fair value. The current Scaled Net Operating Assets is 0.49. Unity Software's overall GF Score™ is 65/100 with 3 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 Unity Software (FRA:US3), the current Scaled Net Operating Assets is 0.49 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 Unity Software (FRA:US3) Overvalued in 2026?

Based on GuruFocus' analysis, Unity Software stock appears to be overvalued. The current stock price of €24.64 is trading 11.8% above its estimated GF Value™ of €22.04. GuruFocus considers Unity Software to be Modestly Overvalued.

Key valuation signals for FRA:US3:

  • Scaled Net Operating Assets: 0.49
  • GF Value™: €22.04 vs. price of €24.64 (11.8% above fair value)
  • GF Score™: 65/100 with 3 warning signs

No single metric tells the full story. See the FRA:US3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Unity Software Business Description

Address 116 New Montgomery Street, San Francisco, CA, USA, 94105-3607
Unity Software Inc provides a software platform for creating and operating interactive, real-time 3D content. The platform can be used to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The business is spread across the United States, Greater China, EMEA, APAC, and other Americas, and key revenue is derived from the EMEA region. Its products are used in the gaming industry, retail, automotive, architecture, engineering, and construction.
65GF Score

Get the complete analysis for FRA:US3

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

€24.64
Price
€22.04
GF Value