Fonterra Co-operative Group (FRA:X4I) Scaled Net Operating Assets: 0.77 (As of Jan. 2026)

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FRA:X4I Fonterra Co-operative Group Ltd FRA:X4I
67 GF Score
Price €2.71
GF Value €1.88
! 5 Warning Signs
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What is Fonterra Co-operative Group Scaled Net Operating Assets?

Fonterra Co-operative Group FRA:X4I 67 Scaled Net Operating Assets is 0.77 as of Jan. 2026. GuruFocus rates FRA:X4I with a GF Score™ of 67/100 and a GF Value™ of €1.88. 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.

Fonterra Co-operative Group's operating assets for the quarter that ended in Jan. 2026 was €10,440 Mil. Fonterra Co-operative Group's operating liabilities for the quarter that ended in Jan. 2026 was €3,472 Mil. Fonterra Co-operative Group's Total Assets for the quarter that ended in Jul. 2025 was €8,999 Mil. Therefore, Fonterra Co-operative Group's scaled net operating assets (SNOA) for the quarter that ended in Jan. 2026 was 0.77.


Fonterra Co-operative Group Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Fonterra Co-operative Group'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.

Fonterra Co-operative Group Scaled Net Operating Assets Chart

Fonterra Co-operative Group Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.63 0.71 0.50 0.59 0.62

Fonterra Co-operative Group Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
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 0.68 0.60 0.81 0.52 0.77

FRA:X4I vs KHC, GIS, HRL: Scaled Net Operating Assets Comparison

For the Packaged Foods subindustry, Fonterra Co-operative Group'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.


Fonterra Co-operative Group Scaled Net Operating Assets vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Fonterra Co-operative Group's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Fonterra Co-operative Group's Scaled Net Operating Assets falls into.


FRA:X4I
67GF Score
Fonterra Co-operative Group Ltd FRA:X4I
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Fonterra Co-operative Group 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.

Fonterra Co-operative Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jul. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jul. 2025 )
=(Operating Assets (A: Jul. 2025 )-Operating Liabilities (A: Jul. 2025 ))/Total Assets (A: Jul. 2024 )
=(8840.604-3091.156)/9275.053
=0.62

where

Operating Assets(A: Jul. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=8999.27 - 158.666
=8840.604

Operating Liabilities(A: Jul. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4717.865 - 1369.968 - 256.741
=3091.156

Fonterra Co-operative Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jan. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jan. 2026 )
=(Operating Assets (Q: Jan. 2026 )-Operating Liabilities (Q: Jan. 2026 ))/Total Assets (Q: Jul. 2025 )
=(10440.062-3472.219)/8999.27
=0.77

where

Operating Assets(Q: Jan. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=10498.322 - 58.26
=10440.062

Operating Liabilities(Q: Jan. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6123.316 - 2049.073 - 602.024
=3472.219

* 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?
Fonterra Co-operative Group (FRA:X4I) has a Scaled Net Operating Assets of 0.77 as of Jan. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Fonterra Co-operative Group and its competitors.
Is Fonterra Co-operative Group's Scaled Net Operating Assets too high?
Fonterra Co-operative Group's current Scaled Net Operating Assets is 0.77. Overall, Fonterra Co-operative Group has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Fonterra Co-operative Group's Scaled Net Operating Assets compare to KHC and GIS?
Fonterra Co-operative Group's Scaled Net Operating Assets of 0.77 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Scaled Net Operating Assets depends on the Consumer Packaged Goods 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 Fonterra Co-operative Group and its competitors. Fonterra Co-operative Group'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 Fonterra Co-operative Group stock overvalued right now?
Fonterra Co-operative Group (FRA:X4I) has a current Scaled Net Operating Assets of 0.77. The stock's GF Value™ is €1.88, compared to a current price of €2.71 — trading 43.9% above its estimated fair value. The current Scaled Net Operating Assets is 0.77. Fonterra Co-operative Group's overall GF Score™ is 67/100 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 Fonterra Co-operative Group (FRA:X4I), the current Scaled Net Operating Assets is 0.77 as of Jan. 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 Fonterra Co-operative Group (FRA:X4I) Overvalued in 2026?

Based on GuruFocus' analysis, Fonterra Co-operative Group stock appears to be overvalued. The current stock price of €2.71 is trading 43.9% above its estimated GF Value™ of €1.88.

Key valuation signals for FRA:X4I:

  • Scaled Net Operating Assets: 0.77
  • GF Value™: €1.88 vs. price of €2.71 (43.9% above fair value)
  • GF Score™: 67/100 with 5 warning signs

No single metric tells the full story. See the FRA:X4I stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fonterra Co-operative Group Business Description

Other Exchanges FCG:New Zealand
Address 109 Fanshawe Street, Auckland Central, Auckland, NTL, NZL, 1010
Fonterra Co-operative Group Ltd operates predominantly in the international dairy industry. The company is involved in the collection, manufacture, and sale of milk and milk-derived products through its ingredients, Consumer and Foodservice channels. The company's reportable segments are Global Markets, Greater China, and Core Operations and the majority of the revenue is generated from its core operations segment. Its primary geographic markets is Asia, China, Australia, New Zealand, the United States, and the Rest of the world.
67GF Score

Get the complete analysis for FRA:X4I

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

€2.71
Price
€1.88
GF Value