Protector Forsikring ASA (HAM:PR4) Scaled Net Operating Assets: 0.32 (As of Mar. 2026)


HAM:PR4 Protector Forsikring ASA HAM:PR4
47 GF Score
Price €42.10
GF Value €31.40
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Protector Forsikring ASA Scaled Net Operating Assets?

Protector Forsikring ASA HAM:PR4 +0.29% 47 Scaled Net Operating Assets is 0.32 as of Mar. 2026. GuruFocus rates HAM:PR4 with a GF Score™ of 47/100 and a GF Value™ of €31.40 (Significantly Overvalued). The stock has 3 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.

Protector Forsikring ASA's operating assets for the quarter that ended in Mar. 2026 was €2,443 Mil. Protector Forsikring ASA's operating liabilities for the quarter that ended in Mar. 2026 was €1,671 Mil. Protector Forsikring ASA's Total Assets for the quarter that ended in Dec. 2025 was €2,413 Mil. Therefore, Protector Forsikring ASA's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.32.

HAM:PR4
47GF Score
Protector Forsikring ASA HAM:PR4
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Protector Forsikring ASA 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.

Protector Forsikring ASA'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 )
=(2382.47-1536.657)/2098.372
=0.40

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2412.889 - 30.419
=2382.47

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1764.376 - 227.719 - 0
=1536.657

Protector Forsikring ASA'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 )
=(2442.949-1670.963)/2412.889
=0.32

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2535.641 - 92.692
=2442.949

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1880.528 - 209.565 - 0
=1670.963

* 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 0.32 mean?
Protector Forsikring ASA (HAM:PR4) has a Scaled Net Operating Assets of 0.32 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 Protector Forsikring ASA and its competitors.
Is Protector Forsikring ASA's Scaled Net Operating Assets too high?
Protector Forsikring ASA's current Scaled Net Operating Assets is 0.32. Overall, Protector Forsikring ASA has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Protector Forsikring ASA's Scaled Net Operating Assets compare to FNF and AXS?
Protector Forsikring ASA's Scaled Net Operating Assets of 0.32 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 Protector Forsikring ASA and its competitors. Protector Forsikring ASA's current Scaled Net Operating Assets is 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Protector Forsikring ASA stock overvalued right now?
Based on GuruFocus' analysis, Protector Forsikring ASA (HAM:PR4) is currently considered Significantly Overvalued. The stock's GF Value™ is €31.40, compared to a current price of €42.10 — trading 34.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.32. Protector Forsikring ASA's overall GF Score™ is 47/100 with 3 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 Protector Forsikring ASA (HAM:PR4), the current Scaled Net Operating Assets is 0.32 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 Protector Forsikring ASA (HAM:PR4) Overvalued in 2026?

Based on GuruFocus' analysis, Protector Forsikring ASA stock appears to be overvalued. The current stock price of €42.10 is trading 34.1% above its estimated GF Value™ of €31.40. GuruFocus considers Protector Forsikring ASA to be Significantly Overvalued.

Key valuation signals for HAM:PR4:

  • Scaled Net Operating Assets: 0.32
  • GF Value™: €31.40 vs. price of €42.10 (34.1% above fair value)
  • GF Score™: 47/100 with 3 warning signs

No single metric tells the full story. See the HAM:PR4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Protector Forsikring ASA Business Description

Address Stoperigata 2, PB 1351 Vika, Oslo, NOR, 0113
Protector Forsikring ASA developer of a general P&C and employee benefits insurance provider designed to deliver cost and quality leadership in the insurance industry. The company offers standardized insurance products, all core systems insourced and developed in-house, enabling brokers and businesses across multiple countries to access competitive pricing and a value-based performance culture.
47GF Score

Get the complete analysis for HAM:PR4

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

€42.10
Price
€31.40
GF Value