Medical Properties Trust (HAM:M3P) Scaled Net Operating Assets: 0.98 (As of Mar. 2026)


HAM:M3P Medical Properties Trust Inc HAM:M3P
64 GF Score
Price €3.93
GF Value €4.63
! 8 Warning Signs
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What is Medical Properties Trust Scaled Net Operating Assets?

Medical Properties Trust HAM:M3P +4.13% 64 Scaled Net Operating Assets is 0.98 as of Mar. 2026. GuruFocus rates HAM:M3P with a GF Score™ of 64/100 and a GF Value™ of €4.63. 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.

Medical Properties Trust's operating assets for the quarter that ended in Mar. 2026 was €12,402.1 Mil. Medical Properties Trust's operating liabilities for the quarter that ended in Mar. 2026 was €-185.0 Mil. Medical Properties Trust's Total Assets for the quarter that ended in Dec. 2025 was €12,811.5 Mil. Therefore, Medical Properties Trust's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.98.


Medical Properties Trust Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Medical Properties Trust'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.

Medical Properties Trust Scaled Net Operating Assets Chart

Medical Properties Trust Annual Data
Trend Dec16 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 1.24 0.98 0.87 0.77 0.91

Medical Properties Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 0.97 0.93 0.95 0.98 0.98

HAM:M3P vs DHC, LTC, SILA: Scaled Net Operating Assets Comparison

For the REIT - Healthcare Facilities subindustry, Medical Properties Trust'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.


Medical Properties Trust Scaled Net Operating Assets vs REITs Industry

For the REITs industry and Real Estate sector, Medical Properties Trust's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Medical Properties Trust's Scaled Net Operating Assets falls into.


HAM:M3P
64GF Score
Medical Properties Trust Inc HAM:M3P
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Medical Properties Trust 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.

Medical Properties Trust'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 )
=(12349.622--59.498000000001)/13651.337
=0.91

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=12811.516 - 461.894
=12349.622

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8876.925 - 8391.517 - 544.906
=-59.498000000001

Medical Properties Trust'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 )
=(12402.09--184.965)/12811.516
=0.98

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=12769.716 - 367.626
=12402.09

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8837.634 - 8446.875 - 575.724
=-184.965

* 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 0.98 mean?
Medical Properties Trust (HAM:M3P) has a Scaled Net Operating Assets of 0.98 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 Medical Properties Trust and its competitors.
Is Medical Properties Trust's Scaled Net Operating Assets too high?
Medical Properties Trust's current Scaled Net Operating Assets is 0.98. Overall, Medical Properties Trust has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does Medical Properties Trust's Scaled Net Operating Assets compare to DHC and LTC?
Medical Properties Trust's Scaled Net Operating Assets of 0.98 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 Medical Properties Trust and its competitors. Medical Properties Trust's current Scaled Net Operating Assets is 0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Medical Properties Trust stock overvalued right now?
Medical Properties Trust (HAM:M3P) has a current Scaled Net Operating Assets of 0.98. The stock's GF Value™ is €4.63, compared to a current price of €3.93 — trading 15.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.98. Medical Properties Trust's overall GF Score™ is 64/100 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 Medical Properties Trust (HAM:M3P), the current Scaled Net Operating Assets is 0.98 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 Medical Properties Trust (HAM:M3P) Overvalued in 2026?

Based on GuruFocus' analysis, Medical Properties Trust stock appears to be undervalued. The current stock price of €3.93 is trading 15.1% below its estimated GF Value™ of €4.63.

Key valuation signals for HAM:M3P:

  • Scaled Net Operating Assets: 0.98
  • GF Value™: €4.63 vs. price of €3.93 (15.1% below fair value)
  • GF Score™: 64/100 with 8 warning signs

No single metric tells the full story. See the HAM:M3P stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Medical Properties Trust Business Description

Industry Real EstateREITs
Address 10500 Liberty Parkway, Birmingham, AL, USA, 35242
Medical Properties Trust Inc acquires and develops net-leased healthcare facilities. Its investments in healthcare real estate, other loans, and any investments in tenants are considered a single reportable segment. Its business strategy is to acquire and develop healthcare facilities and lease the facilities to healthcare operating companies under long-term net leases, which require the tenant to bear of the costs associated with the property. The group's geographic areas are the United States, the United Kingdom, and All other countries.
64GF Score

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

€3.93
Price
€4.63
GF Value