FRPH (FRP Holdings) Scaled Net Operating Assets: 0.77 (As of Jun. 2026)

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FRPH FRP Holdings Inc FRPH
73 GF Score
Price $21.90
GF Value $29.41
Valuation Modestly Undervalued
! 4 Warning Signs
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What is FRP Holdings Scaled Net Operating Assets?

FRP Holdings FRPH -0.68% 73 Scaled Net Operating Assets is 0.77 as of Jun. 2026. GuruFocus rates FRPH with a GF Score™ of 73/100 and a GF Value™ of $29.41 (Modestly Undervalued). The stock has 4 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.

FRP Holdings's operating assets for the quarter that ended in Jun. 2026 was $672.91 Mil. FRP Holdings's operating liabilities for the quarter that ended in Jun. 2026 was $92.87 Mil. FRP Holdings's Total Assets for the quarter that ended in Mar. 2026 was $750.39 Mil. Therefore, FRP Holdings's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2026 was 0.77.


FRP Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for FRP Holdings'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.

FRP Holdings Scaled Net Operating Assets Chart

FRP Holdings Annual Data
Trend Sep16 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 0.82 0.66 0.67 0.70 0.76

FRP Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.71 0.76 0.76 0.77

FRPH vs REAX, TCI, RMR: Scaled Net Operating Assets Comparison

For the Real Estate Services subindustry, FRP Holdings'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.


FRP Holdings Scaled Net Operating Assets vs Real Estate Industry

For the Real Estate industry and Real Estate sector, FRP Holdings's Scaled Net Operating Assets distribution charts can be found below:

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


FRPH
73GF Score
FRP Holdings Inc FRPH
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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FRP 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.

FRP 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 )
=(641.178-86.934)/728.485
=0.76

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=735.145 - 93.967
=641.178

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=279.488 - 192.554 - 0
=86.934

FRP Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2026 )
=(Operating Assets (Q: Jun. 2026 )-Operating Liabilities (Q: Jun. 2026 ))/Total Assets (Q: Mar. 2026 )
=(672.908-92.868)/750.389
=0.77

where

Operating Assets(Q: Jun. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=762.313 - 89.405
=672.908

Operating Liabilities(Q: Jun. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=307.486 - 214.618 - 0
=92.868

* 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?
FRP Holdings (FRPH) has a Scaled Net Operating Assets of 0.77 as of Jun. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on FRP Holdings and its competitors.
Is FRP Holdings' Scaled Net Operating Assets too high?
FRP Holdings' current Scaled Net Operating Assets is 0.77. Overall, FRP Holdings has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does FRP Holdings' Scaled Net Operating Assets compare to REAX and TCI?
FRP Holdings' Scaled Net Operating Assets of 0.77 can be compared against companies in the Real Estate 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 Real Estate company?
A good Scaled Net Operating Assets depends on the Real Estate 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 FRP Holdings and its competitors. FRP Holdings'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 FRP Holdings stock overvalued right now?
Based on GuruFocus' analysis, FRP Holdings (FRPH) is currently considered Modestly Undervalued. The stock's GF Value™ is $29.41, compared to a current price of $21.90 — trading 25.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.77. FRP Holdings' overall GF Score™ is 73/100 with 4 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 FRP Holdings (FRPH), the current Scaled Net Operating Assets is 0.77 as of Jun. 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 FRP Holdings (FRPH) Overvalued in 2026?

Based on GuruFocus' analysis, FRP Holdings stock appears to be undervalued. The current stock price of $21.90 is trading 25.5% below its estimated GF Value™ of $29.41. GuruFocus considers FRP Holdings to be Modestly Undervalued.

Key valuation signals for FRPH:

  • Scaled Net Operating Assets: 0.77
  • GF Value™: $29.41 vs. price of $21.90 (25.5% below fair value)
  • GF Score™: 73/100 with 4 warning signs

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


FRP Holdings Business Description

Address 200 West Forsyth Street, 7th Floor, Jacksonville, FL, USA, 32202
FRP Holdings Inc is a holding company engaged in various real estate businesses. The company's business segments are Leasing and management of commercial properties owned by the company (the Industrial/Commercial Segment); Leasing and management of mining royalty land owned by the company (the Mining Royalty Lands Segment); real property acquisition, entitlement, development and construction for apartment, retail, industrial, and office (the Development Segment), and (iv) management of mixed-use residential/retail properties owned through joint ventures.
73GF Score

Get the complete analysis for FRPH

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

$21.90
Price
$29.41
GF Value