Willis Towers Watson (FRA:WTY) Scaled Net Operating Assets: 0.45 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:WTY Willis Towers Watson PLC FRA:WTY
77 GF Score
Price €251.20
GF Value €287.77
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Willis Towers Watson Scaled Net Operating Assets?

Willis Towers Watson FRA:WTY -2.56% 77 Scaled Net Operating Assets is 0.45 as of Mar. 2026. GuruFocus rates FRA:WTY with a GF Score™ of 77/100 and a GF Value™ of €287.77 (Modestly Undervalued). The stock has 1 warning sign investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Willis Towers Watson's operating assets for the quarter that ended in Mar. 2026 was €24,031 Mil. Willis Towers Watson's operating liabilities for the quarter that ended in Mar. 2026 was €12,691 Mil. Willis Towers Watson's Total Assets for the quarter that ended in Dec. 2025 was €25,219 Mil. Therefore, Willis Towers Watson's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.45.


Willis Towers Watson Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Willis Towers Watson'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.

Willis Towers Watson Scaled Net Operating Assets Chart

Willis Towers Watson 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 0.39 0.44 0.43 0.43 0.38

Willis Towers Watson 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 0.44 0.41 0.41 0.43 0.45

FRA:WTY vs BRO, ERIE, NP: Scaled Net Operating Assets Comparison

For the Insurance Brokers subindustry, Willis Towers Watson'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.


Willis Towers Watson Scaled Net Operating Assets vs Insurance Industry

For the Insurance industry and Financial Services sector, Willis Towers Watson's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Willis Towers Watson's Scaled Net Operating Assets falls into.


FRA:WTY
77GF Score
Willis Towers Watson PLC FRA:WTY
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Willis Towers Watson 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.

Willis Towers Watson'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 )
=(22515.71-12447.05)/26435.355
=0.38

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=25218.62 - 2702.91
=22515.71

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=18342.212 - 5318.712 - 576.45
=12447.05

Willis Towers Watson'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 )
=(24031.43-12691.28)/25218.62
=0.45

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=25636.005 - 1604.575
=24031.43

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=18664.97 - 5872.485 - 101.205
=12691.28

* 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 0.45 mean?
Willis Towers Watson (FRA:WTY) has a Scaled Net Operating Assets of 0.45 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 Willis Towers Watson and its competitors.
Is Willis Towers Watson's Scaled Net Operating Assets too high?
Willis Towers Watson's current Scaled Net Operating Assets is 0.45. Overall, Willis Towers Watson has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Willis Towers Watson's Scaled Net Operating Assets compare to BRO and ERIE?
Willis Towers Watson's Scaled Net Operating Assets of 0.45 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 Willis Towers Watson and its competitors. Willis Towers Watson's current Scaled Net Operating Assets is 0.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Willis Towers Watson stock overvalued right now?
Based on GuruFocus' analysis, Willis Towers Watson (FRA:WTY) is currently considered Modestly Undervalued. The stock's GF Value™ is €287.77, compared to a current price of €251.20 — trading 12.7% below its estimated fair value. The current Scaled Net Operating Assets is 0.45. Willis Towers Watson's overall GF Score™ is 77/100 with 1 warning sign 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 Willis Towers Watson (FRA:WTY), the current Scaled Net Operating Assets is 0.45 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 Willis Towers Watson (FRA:WTY) Overvalued in 2026?

Based on GuruFocus' analysis, Willis Towers Watson stock appears to be undervalued. The current stock price of €251.20 is trading 12.7% below its estimated GF Value™ of €287.77. GuruFocus considers Willis Towers Watson to be Modestly Undervalued.

Key valuation signals for FRA:WTY:

  • Scaled Net Operating Assets: 0.45
  • GF Value™: €287.77 vs. price of €251.20 (12.7% below fair value)
  • GF Score™: 77/100 with 1 warning sign

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


Willis Towers Watson Business Description

Address c/o Willis Group Limited, 51 Lime Street, London, GBR, EC3M 7DQ
Willis Towers Watson PLC is an advisory, broking, and solutions company that provides data-driven, insight-led solutions in the areas of people, risk, and capital. The company's segments include Health, Wealth & Career (HWC) and Risk & Broking (R&B). The HWC segment provides an array of advice, broking, solutions and technology for employee benefit plans, institutional investors, compensation and career programs, and employee experience overall. It focuses on four key areas: Health, Wealth, Career and Benefits Delivery & Outsourcing. The R&B segment provides risk advice, insurance brokerage and consulting services to clients ranging from small businesses to multinational corporations. Its R&B segment includes two businesses: Corporate Risk & Broking and Insurance Consulting and Technology.
77GF Score

Get the complete analysis for FRA:WTY

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

€251.20
Price
€287.77
GF Value