Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Warner Music Group's operating assets for the quarter that ended in Mar. 2026 was €8,538 Mil. Warner Music Group's operating liabilities for the quarter that ended in Mar. 2026 was €4,065 Mil. Warner Music Group's Total Assets for the quarter that ended in Dec. 2025 was €8,549 Mil. Therefore, Warner Music Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.52.
Warner Music Group Scaled Net Operating Assets Related Terms
Warner Music Group Scaled Net Operating Assets Historical Data
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The historical data trend for Warner Music Group'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.
Warner Music Group Scaled Net Operating Assets Chart
HAM:WA4 vs NWSA, TKO, PSKY: Scaled Net Operating Assets Comparison
For the Entertainment subindustry, Warner Music Group'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.
Warner Music Group Scaled Net Operating Assets vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Warner Music Group's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Warner Music Group'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 0.52 mean?
Warner Music Group (HAM:WA4) has a Scaled Net Operating Assets of 0.52 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 Warner Music Group and its competitors.
Is Warner Music Group's Scaled Net Operating Assets too high?
Warner Music Group's current Scaled Net Operating Assets is 0.52. Overall, Warner Music Group has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Warner Music Group's Scaled Net Operating Assets compare to NWSA and TKO?
Warner Music Group's Scaled Net Operating Assets of 0.52 can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good Scaled Net Operating Assets depends on the Media - Diversified 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 Warner Music Group and its competitors. Warner Music Group's current Scaled Net Operating Assets is 0.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Warner Music Group stock overvalued right now?
Warner Music Group (HAM:WA4) has a current Scaled Net Operating Assets of 0.52. The stock's GF Value™ is €31.39, compared to a current price of €23.81 — trading 24.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.52. Warner Music Group's overall GF Score™ is 79/100 with 2 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 Warner Music Group (HAM:WA4), the current Scaled Net Operating Assets is 0.52 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 Warner Music Group (HAM:WA4) Overvalued in 2026?
Based on GuruFocus' analysis, Warner Music Group stock appears to be undervalued.
The current stock price of €23.81 is trading 24.1% below its estimated GF Value™ of €31.39.
Key valuation signals for HAM:WA4:
Scaled Net Operating Assets: 0.52
GF Value™: €31.39 vs. price of €23.81 (24.1% below fair value)
No single metric tells the full story. See the HAM:WA4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Warner Music is the third-largest of the three major record companies. Recorded music accounts for most of the firm's revenue, with the segment housing notable record labels including Atlantic Records, Warner Records, Elektra Records. Some of the most successful current artists signed to record deals with Warner include Ed Sheeran, Bruno Mars, Cardi B, and Dua Lipa. Warner's remaining revenue comes from its publishing business, where Warner Chappell represents more than 180,000 songwriters and composers, some of whom are also Warner recording artists but many of whom are not recording artists or are attached to other labels. Warner Chappell controls more than 1 million musical compositions. Access Industries controls 98% of Warner's voting rights, while holding a 72% economic interest.
79GF Score
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