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Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Amer Sports's operating assets for the quarter that ended in Jun. 2026 was €8,252 Mil. Amer Sports's operating liabilities for the quarter that ended in Jun. 2026 was €1,942 Mil. Amer Sports's Total Assets for the quarter that ended in Mar. 2026 was €8,659 Mil. Therefore, Amer Sports's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2026 was 0.73.
Amer Sports Scaled Net Operating Assets Related Terms
Amer Sports Scaled Net Operating Assets Historical Data
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The historical data trend for Amer Sports'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.
HAM:483 vs : Scaled Net Operating Assets Comparison
For the Leisure subindustry, Amer Sports'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.
Amer Sports Scaled Net Operating Assets vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Amer Sports's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Amer Sports's Scaled Net Operating Assets falls into.
* 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 0.73 mean?
Amer Sports (HAM:483) has a Scaled Net Operating Assets of 0.73 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 Amer Sports and its competitors.
Is Amer Sports' Scaled Net Operating Assets too high?
Amer Sports' current Scaled Net Operating Assets is 0.73. Overall, Amer Sports has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Amer Sports' Scaled Net Operating Assets compare to ?
Amer Sports' Scaled Net Operating Assets of 0.73 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Scaled Net Operating Assets depends on the Travel & Leisure 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 Amer Sports and its competitors. Amer Sports's current Scaled Net Operating Assets is 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Amer Sports stock overvalued right now?
Amer Sports (HAM:483) has a current Scaled Net Operating Assets of 0.73. The stock's GF Value™ is €30.79, compared to a current price of €23.20 — trading 24.7% below its estimated fair value. The current Scaled Net Operating Assets is 0.73. Amer Sports' overall GF Score™ is 68/100 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 Amer Sports (HAM:483), the current Scaled Net Operating Assets is 0.73 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 Amer Sports (HAM:483) Overvalued in 2026?
Based on GuruFocus' analysis, Amer Sports stock appears to be undervalued.
The current stock price of €23.20 is trading 24.7% below its estimated GF Value™ of €30.79.
Key valuation signals for HAM:483:
Scaled Net Operating Assets: 0.73
GF Value™: €30.79 vs. price of €23.20 (24.7% below fair value)
No single metric tells the full story. See the HAM:483 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Amer Sports manages a diverse portfolio of 10 outdoor and action sports brands that collectively generated revenue of $6.6 billion in 2025. Although primarily owned by the Chinese conglomerate Anta Sports, Amer operates with a degree of autonomy. In its rapidly expanding China business, the company is subject to closer oversight, but it manages its operations outside of China with relative independence. In 2025, the firm generated 32% of its revenue from the Americas, 28% from Europe, the Middle East, and Africa, 28% from China, and 12% from the Asia-Pacific, excluding China.
68GF Score
Get the complete analysis for HAM:483
Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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