Zurich Insurance Group AG (HAM:ZFIN) Scaled Net Operating Assets: 0.07 (As of Dec. 2025)


HAM:ZFIN Zurich Insurance Group AG HAM:ZFIN
71 GF Score
Price €641.00
GF Value €505.48
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Zurich Insurance Group AG Scaled Net Operating Assets?

Zurich Insurance Group AG HAM:ZFIN -0.03% 71 Scaled Net Operating Assets is 0.07 as of Dec. 2025. GuruFocus rates HAM:ZFIN with a GF Score™ of 71/100 and a GF Value™ of €505.48 (Modestly Overvalued). The stock has 5 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.

Zurich Insurance Group AG's operating assets for the quarter that ended in Dec. 2025 was €332,389 Mil. Zurich Insurance Group AG's operating liabilities for the quarter that ended in Dec. 2025 was €308,605 Mil. Zurich Insurance Group AG's Total Assets for the quarter that ended in Jun. 2025 was €340,338 Mil. Therefore, Zurich Insurance Group AG's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.07.

HAM:ZFIN
71GF Score
Zurich Insurance Group AG HAM:ZFIN
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Zurich Insurance Group AG 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.

Zurich Insurance Group AG'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 )
=(341706.75-308604.856)/341894.775
=0.10

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=347758.194 - 6051.444
=341706.75

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=321996.43 - 13210.526 - 181.048
=308604.856

Zurich Insurance Group AG's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(332388.756-308604.856)/340338.249
=0.07

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=347758.194 - 15369.438
=332388.756

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=321996.43 - 13210.526 - 181.048
=308604.856

* 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 0.07 mean?
Zurich Insurance Group AG (HAM:ZFIN) has a Scaled Net Operating Assets of 0.07 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Zurich Insurance Group AG and its competitors.
Is Zurich Insurance Group AG's Scaled Net Operating Assets too high?
Zurich Insurance Group AG's current Scaled Net Operating Assets is 0.07. Overall, Zurich Insurance Group AG has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zurich Insurance Group AG's Scaled Net Operating Assets compare to BRK.A and AIG?
Zurich Insurance Group AG's Scaled Net Operating Assets of 0.07 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 Zurich Insurance Group AG and its competitors. Zurich Insurance Group AG's current Scaled Net Operating Assets is 0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zurich Insurance Group AG stock overvalued right now?
Based on GuruFocus' analysis, Zurich Insurance Group AG (HAM:ZFIN) is currently considered Modestly Overvalued. The stock's GF Value™ is €505.48, compared to a current price of €641.00 — trading 26.8% above its estimated fair value. The current Scaled Net Operating Assets is 0.07. Zurich Insurance Group AG's overall GF Score™ is 71/100 with 5 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 Zurich Insurance Group AG (HAM:ZFIN), the current Scaled Net Operating Assets is 0.07 as of Dec. 2025. 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 Zurich Insurance Group AG (HAM:ZFIN) Overvalued in 2026?

Based on GuruFocus' analysis, Zurich Insurance Group AG stock appears to be overvalued. The current stock price of €641.00 is trading 26.8% above its estimated GF Value™ of €505.48. GuruFocus considers Zurich Insurance Group AG to be Modestly Overvalued.

Key valuation signals for HAM:ZFIN:

  • Scaled Net Operating Assets: 0.07
  • GF Value™: €505.48 vs. price of €641.00 (26.8% above fair value)
  • GF Score™: 71/100 with 5 warning signs

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

Zurich Insurance Group AG Business Description

Address Mythenquai 2, Corporate Center, Zurich, CHE, 8002
Zurich is a multiline insurer that writes business across both life and nonlife insurance and also owns Farmers Management Services. Zurich was founded in 1872 as a marine reinsurer to provide reinsurance to its parent company. The company subsequently expanded into transport and accident insurance and rode the wave of transport technology innovation that drove rising demand for insurance. One of Zurich's early principles was that setting prices too low would result in unfair claims handling, which would be damaging to both customers and Zurich. Over the years, Zurich has sought to combine customer goodwill through claims and a sufficient premium. Zurich is one of the most successful European multilines.
71GF 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.

€641.00
Price
€505.48
GF Value