Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
HCA Healthcare's operating assets for the quarter that ended in Mar. 2026 was $60,510 Mil. HCA Healthcare's operating liabilities for the quarter that ended in Mar. 2026 was $14,583 Mil. HCA Healthcare's Total Assets for the quarter that ended in Dec. 2025 was $60,720 Mil. Therefore, HCA Healthcare's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.76.
HCA Healthcare Scaled Net Operating Assets Related Terms
HCA Healthcare Scaled Net Operating Assets Historical Data
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The historical data trend for HCA Healthcare'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.
HCA vs THC, DVA, EHC: Scaled Net Operating Assets Comparison
For the Medical Care Facilities subindustry, HCA Healthcare'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.
HCA Healthcare Scaled Net Operating Assets vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, HCA Healthcare's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where HCA Healthcare'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 0.76 mean?
HCA Healthcare (HCA) has a Scaled Net Operating Assets of 0.76 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 HCA Healthcare and its competitors.
Is HCA Healthcare's Scaled Net Operating Assets too high?
HCA Healthcare's current Scaled Net Operating Assets is 0.76. Overall, HCA Healthcare has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HCA Healthcare's Scaled Net Operating Assets compare to THC and DVA?
HCA Healthcare's Scaled Net Operating Assets of 0.76 can be compared against companies in the Healthcare Providers & Services 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 Healthcare Providers & Services company?
A good Scaled Net Operating Assets depends on the Healthcare Providers & Services 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 HCA Healthcare and its competitors. HCA Healthcare's current Scaled Net Operating Assets is 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HCA Healthcare stock overvalued right now?
Based on GuruFocus' analysis, HCA Healthcare (HCA) is currently considered Modestly Undervalued. The stock's GF Value™ is $451.66, compared to a current price of $392.33 — trading 13.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.76. HCA Healthcare's overall GF Score™ is 91/100 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 HCA Healthcare (HCA), the current Scaled Net Operating Assets is 0.76 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 HCA Healthcare (HCA) Overvalued in 2026?
Based on GuruFocus' analysis, HCA Healthcare stock appears to be undervalued.
The current stock price of $392.33 is trading 13.1% below its estimated GF Value™ of $451.66.
GuruFocus considers HCA Healthcare to be Modestly Undervalued.
Key valuation signals for HCA:
Scaled Net Operating Assets: 0.76
GF Value™: $451.66 vs. price of $392.33 (13.1% below fair value)
No single metric tells the full story. See the HCA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HCA Healthcare is a Nashville-based healthcare provider organization operating the largest collection of acute-care hospitals in the United States. As of December 2025, the firm owned and operated 190 hospitals and over 2,500 outpatient facillities across 19 states and a small foothold in the United Kingdom.
91GF Score
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