FRFHF (Fairfax Financial Holdings) Scaled Net Operating Assets: 0.35 (As of Mar. 2026)


FRFHF Fairfax Financial Holdings Ltd FRFHF
78 GF Score
Price $1,646.22
GF Value $1,517.84
Valuation Fairly Valued
! 5 Warning Signs
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What is Fairfax Financial Holdings Scaled Net Operating Assets?

Fairfax Financial Holdings FRFHF -0.23% 78 Scaled Net Operating Assets is 0.35 as of Mar. 2026. GuruFocus rates FRFHF with a GF Score™ of 78/100 and a GF Value™ of $1,517.84 (Fairly Valued). 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.

Fairfax Financial Holdings's operating assets for the quarter that ended in Mar. 2026 was $100,702 Mil. Fairfax Financial Holdings's operating liabilities for the quarter that ended in Mar. 2026 was $62,683 Mil. Fairfax Financial Holdings's Total Assets for the quarter that ended in Dec. 2025 was $107,788 Mil. Therefore, Fairfax Financial Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.35.

FRFHF
78GF Score
Fairfax Financial Holdings Ltd FRFHF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Fairfax Financial Holdings 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.

Fairfax Financial Holdings'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 )
=(101649.4-62079.7)/96777.3
=0.41

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=107787.7 - 6138.3
=101649.4

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=76913.6 - 12354.1 - 2479.8
=62079.7

Fairfax Financial Holdings'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 )
=(100702-62682.7)/107787.7
=0.35

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=107389.8 - 6687.8
=100702

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=76731.5 - 14048.8 - 0
=62682.7

* 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 0.35 mean?
Fairfax Financial Holdings (FRFHF) has a Scaled Net Operating Assets of 0.35 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 Fairfax Financial Holdings and its competitors.
Is Fairfax Financial Holdings' Scaled Net Operating Assets too high?
Fairfax Financial Holdings' current Scaled Net Operating Assets is 0.35. Overall, Fairfax Financial Holdings has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fairfax Financial Holdings' Scaled Net Operating Assets compare to CB and PGR?
Fairfax Financial Holdings' Scaled Net Operating Assets of 0.35 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 Fairfax Financial Holdings and its competitors. Fairfax Financial Holdings's current Scaled Net Operating Assets is 0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fairfax Financial Holdings stock overvalued right now?
Based on GuruFocus' analysis, Fairfax Financial Holdings (FRFHF) is currently considered Fairly Valued. The stock's GF Value™ is $1,517.84, compared to a current price of $1,646.22 — trading 8.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.35. Fairfax Financial Holdings' overall GF Score™ is 78/100 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 Fairfax Financial Holdings (FRFHF), the current Scaled Net Operating Assets is 0.35 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 Fairfax Financial Holdings (FRFHF) Overvalued in 2026?

Based on GuruFocus' analysis, Fairfax Financial Holdings stock appears to be overvalued. The current stock price of $1,646.22 is trading 8.5% above its estimated GF Value™ of $1,517.84. GuruFocus considers Fairfax Financial Holdings to be Fairly Valued.

Key valuation signals for FRFHF:

  • Scaled Net Operating Assets: 0.35
  • GF Value™: $1,517.84 vs. price of $1,646.22 (8.5% above fair value)
  • GF Score™: 78/100 with 5 warning signs

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

Fairfax Financial Holdings Business Description

Address 95 Wellington Street West, Suite 800, Toronto, ON, CAN, M5J 2N7
Fairfax Financial Holdings provides reinsurance and property and casualty insurance in Canada, the United States, and other international markets. The company also has some noninsurance operations such as restaurants. Fairfax has been led by Prem Watsa, its chair and CEO, since its formation in 1985.
78GF Score

Get the complete analysis for FRFHF

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

$1,646.22
Price
$1,517.84
GF Value