HIPO (Hippo Holdings) Scaled Net Operating Assets: -0.01 (As of Mar. 2026)


HIPO Hippo Holdings Inc HIPO
78 GF Score
Price $27.46
GF Value $32.82
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Hippo Holdings Scaled Net Operating Assets?

Hippo Holdings HIPO +6.15% 78 Scaled Net Operating Assets is -0.01 as of Mar. 2026. GuruFocus rates HIPO with a GF Score™ of 78/100 and a GF Value™ of $32.82 (Modestly Undervalued). The stock has 4 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.

Hippo Holdings's operating assets for the quarter that ended in Mar. 2026 was $1,542.1 Mil. Hippo Holdings's operating liabilities for the quarter that ended in Mar. 2026 was $1,561.7 Mil. Hippo Holdings's Total Assets for the quarter that ended in Dec. 2025 was $1,905.5 Mil. Therefore, Hippo Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was -0.01.

HIPO
78GF Score
Hippo Holdings Inc HIPO
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Hippo Holdings 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.

Hippo Holdings'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 )
=(1687.2-1417)/1543.4
=0.18

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1905.5 - 218.3
=1687.2

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1469.4 - 52.4 - 0
=1417

Hippo Holdings'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 )
=(1542.1-1561.7)/1905.5
=-0.01

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2061.9 - 519.8
=1542.1

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1613.2 - 51.5 - 0
=1561.7

* 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 -0.01 mean?
Hippo Holdings (HIPO) has a Scaled Net Operating Assets of -0.01 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 Hippo Holdings and its competitors.
Is Hippo Holdings' Scaled Net Operating Assets too high?
Hippo Holdings' current Scaled Net Operating Assets is -0.01. Overall, Hippo Holdings has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hippo Holdings' Scaled Net Operating Assets compare to HRTG and DGICA?
Hippo Holdings' Scaled Net Operating Assets of -0.01 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 Hippo Holdings and its competitors. Hippo Holdings's current Scaled Net Operating Assets is -0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hippo Holdings stock overvalued right now?
Based on GuruFocus' analysis, Hippo Holdings (HIPO) is currently considered Modestly Undervalued. The stock's GF Value™ is $32.82, compared to a current price of $27.46 — trading 16.3% below its estimated fair value. The current Scaled Net Operating Assets is -0.01. Hippo Holdings' overall GF Score™ is 78/100 with 4 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 Hippo Holdings (HIPO), the current Scaled Net Operating Assets is -0.01 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 Hippo Holdings (HIPO) Overvalued in 2026?

Based on GuruFocus' analysis, Hippo Holdings stock appears to be undervalued. The current stock price of $27.46 is trading 16.3% below its estimated GF Value™ of $32.82. GuruFocus considers Hippo Holdings to be Modestly Undervalued.

Key valuation signals for HIPO:

  • Scaled Net Operating Assets: -0.01
  • GF Value™: $32.82 vs. price of $27.46 (16.3% below fair value)
  • GF Score™: 78/100 with 4 warning signs

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

Hippo Holdings Business Description

Address One Almaden boulevard, Suite 400, San Jose, CA, USA, 95113
Hippo Holdings Inc is a home insurance group that created a new standard of care and protection for homeowners. It provides insurance for computers, home offices, electronics, appliances, water backup, and service line coverage, among others. It has three reportable segments Services segment earns fees and commission income without assuming underwriting risk or need for reinsurance, Insurance-as-a-Service managed through the company's subsidiary Spinnaker is a platform to support third-party MGAs, and the Hippo Home Insurance Program engaged in homeowners insurance business. It generates the majority of its revenue from the Insurance-as-a-Service segment.
78GF Score

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$27.46
Price
$32.82
GF Value