HRTG (Heritage Insurance Holdings) Scaled Net Operating Assets: -0.03 (As of Jun. 2026)

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HRTG Heritage Insurance Holdings Inc HRTG
63 GF Score
Price $33.33
GF Value $26.87
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Heritage Insurance Holdings Scaled Net Operating Assets?

Heritage Insurance Holdings HRTG -1.07% 63 Scaled Net Operating Assets is -0.03 as of Jun. 2026. GuruFocus rates HRTG with a GF Score™ of 63/100 and a GF Value™ of $26.87 (Modestly Overvalued). The stock has 6 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.

Heritage Insurance Holdings's operating assets for the quarter that ended in Jun. 2026 was $1,736.9 Mil. Heritage Insurance Holdings's operating liabilities for the quarter that ended in Jun. 2026 was $1,792.9 Mil. Heritage Insurance Holdings's Total Assets for the quarter that ended in Mar. 2026 was $2,021.0 Mil. Therefore, Heritage Insurance Holdings's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2026 was -0.03.

HRTG
63GF Score
Heritage Insurance Holdings Inc HRTG
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Heritage Insurance 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.

Heritage Insurance 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 )
=(1636.548-1590.756)/2468.924
=0.02

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2195.822 - 559.274
=1636.548

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1690.571 - 25.752 - 74.063
=1590.756

Heritage Insurance Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2026 )
=(Operating Assets (Q: Jun. 2026 )-Operating Liabilities (Q: Jun. 2026 ))/Total Assets (Q: Mar. 2026 )
=(1736.939-1792.874)/2020.984
=-0.03

where

Operating Assets(Q: Jun. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2452.436 - 715.497
=1736.939

Operating Liabilities(Q: Jun. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1884.708 - 19.646 - 72.188
=1792.874

* 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 -0.03 mean?
Heritage Insurance Holdings (HRTG) has a Scaled Net Operating Assets of -0.03 as of Jun. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Heritage Insurance Holdings and its competitors.
Is Heritage Insurance Holdings' Scaled Net Operating Assets too high?
Heritage Insurance Holdings' current Scaled Net Operating Assets is -0.03. Overall, Heritage Insurance Holdings has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Heritage Insurance Holdings' Scaled Net Operating Assets compare to ROOT and HIPO?
Heritage Insurance Holdings' Scaled Net Operating Assets of -0.03 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 Heritage Insurance Holdings and its competitors. Heritage Insurance Holdings's current Scaled Net Operating Assets is -0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heritage Insurance Holdings stock overvalued right now?
Based on GuruFocus' analysis, Heritage Insurance Holdings (HRTG) is currently considered Modestly Overvalued. The stock's GF Value™ is $26.87, compared to a current price of $33.33 — trading 24% above its estimated fair value. The current Scaled Net Operating Assets is -0.03. Heritage Insurance Holdings' overall GF Score™ is 63/100 with 6 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 Heritage Insurance Holdings (HRTG), the current Scaled Net Operating Assets is -0.03 as of Jun. 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 Heritage Insurance Holdings (HRTG) Overvalued in 2026?

Based on GuruFocus' analysis, Heritage Insurance Holdings stock appears to be overvalued. The current stock price of $33.33 is trading 24% above its estimated GF Value™ of $26.87. GuruFocus considers Heritage Insurance Holdings to be Modestly Overvalued.

Key valuation signals for HRTG:

  • Scaled Net Operating Assets: -0.03
  • GF Value™: $26.87 vs. price of $33.33 (24% above fair value)
  • GF Score™: 63/100 with 6 warning signs

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

Heritage Insurance Holdings Business Description

Other Exchanges 11H:Germany
Address 1401 North Westshore Boulevard, Tampa, FL, USA, 33607
Heritage Insurance Holdings Inc is a regional property and casualty insurance company that offers a variety of personal and commercial insurance products. Through its subsidiaries, Heritage Property & Casualty Insurance, Narragansett Bay Insurance, and Zephyr Insurance, the company issues personal residential property insurance across various states in the U.S. It also offers commercial residential insurance predominantly for its Florida properties. Heritage Insurance manages insurance underwriting, customer services, actuarial analysis, distribution, and claims processing internally. The company operates in Alabama, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Maryland, Massachusetts, Mississippi, New Jersey, New York, North Carolina, Rhode Island, and South Carolina.
63GF 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.

$33.33
Price
$26.87
GF Value