GPEAF (Great Portland Estates) Scaled Net Operating Assets: 0.92 (As of Mar. 2026)


GPEAF Great Portland Estates PLC GPEAF
66 GF Score
Price $4.01
GF Value $4.24
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is Great Portland Estates Scaled Net Operating Assets?

Great Portland Estates GPEAF 66 Scaled Net Operating Assets is 0.92 as of Mar. 2026. GuruFocus rates GPEAF with a GF Score™ of 66/100 and a GF Value™ of $4.24 (Fairly Valued). The stock has 8 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.

Great Portland Estates's operating assets for the quarter that ended in Mar. 2026 was $4,153.5 Mil. Great Portland Estates's operating liabilities for the quarter that ended in Mar. 2026 was $150.1 Mil. Great Portland Estates's Total Assets for the quarter that ended in Sep. 2025 was $4,361.9 Mil. Therefore, Great Portland Estates's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.92.


Great Portland Estates Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Great Portland Estates'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.

Great Portland Estates Scaled Net Operating Assets Chart

Great Portland Estates Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.00 0.81 1.00 1.20 1.02

Great Portland Estates Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 1.00 1.07 0.99 1.08 0.92

GPEAF vs BXP, ARE, VNO: Scaled Net Operating Assets Comparison

For the REIT - Office subindustry, Great Portland Estates'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.


Great Portland Estates Scaled Net Operating Assets vs REITs Industry

For the REITs industry and Real Estate sector, Great Portland Estates's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Great Portland Estates's Scaled Net Operating Assets falls into.


GPEAF
66GF Score
Great Portland Estates PLC GPEAF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Great Portland Estates 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.

Great Portland Estates's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(4153.467-150.133)/3913.178
=1.02

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4156.4 - 2.933
=4153.467

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1320.8 - 1170.667 - 0
=150.133

Great Portland Estates'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: Sep. 2025 )
=(4153.467-150.133)/4361.892
=0.92

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4156.4 - 2.933
=4153.467

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1320.8 - 1170.667 - 0
=150.133

* 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 0.92 mean?
Great Portland Estates (GPEAF) has a Scaled Net Operating Assets of 0.92 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 Great Portland Estates and its competitors.
Is Great Portland Estates' Scaled Net Operating Assets too high?
Great Portland Estates' current Scaled Net Operating Assets is 0.92. Overall, Great Portland Estates has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Great Portland Estates' Scaled Net Operating Assets compare to BXP and ARE?
Great Portland Estates' Scaled Net Operating Assets of 0.92 can be compared against companies in the REITs 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 REITs company?
A good Scaled Net Operating Assets depends on the REITs 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 Great Portland Estates and its competitors. Great Portland Estates's current Scaled Net Operating Assets is 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Great Portland Estates stock overvalued right now?
Based on GuruFocus' analysis, Great Portland Estates (GPEAF) is currently considered Fairly Valued. The stock's GF Value™ is $4.24, compared to a current price of $4.01 — trading 5.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.92. Great Portland Estates' overall GF Score™ is 66/100 with 8 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 Great Portland Estates (GPEAF), the current Scaled Net Operating Assets is 0.92 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 Great Portland Estates (GPEAF) Overvalued in 2026?

Based on GuruFocus' analysis, Great Portland Estates stock appears to be undervalued. The current stock price of $4.01 is trading 5.4% below its estimated GF Value™ of $4.24. GuruFocus considers Great Portland Estates to be Fairly Valued.

Key valuation signals for GPEAF:

  • Scaled Net Operating Assets: 0.92
  • GF Value™: $4.24 vs. price of $4.01 (5.4% below fair value)
  • GF Score™: 66/100 with 8 warning signs

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


Great Portland Estates Business Description

Industry Real EstateREITs
Other Exchanges GPEl:UKGPE:UKG9KB:Germany
Address 33 Cavendish Square, London, GBR, W1G 0PW
Great Portland Estates PLC is a United Kingdom-based property investment and development company. The company invests in and develops central London real estate. The company's property portfolio includes 35 Portman Square, Orchard Court, One Chapel Place, 23/24 Newman Street, The Courtyard, Whittington House, 10 South Crescent, Pollen House, 141 Wardour Street, Soho Square Estate, SIX St Andrew Street, The Hickman, City Tower, and others. Its segments include Fully Managed offices, which generate maximum revenue, including joint ventures, and Group Fully Managed offices.
66GF Score

Get the complete analysis for GPEAF

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

$4.01
Price
$4.24
GF Value