Migros Ticaret AS (IST:MGROS) Scaled Net Operating Assets: 0.46 (As of Mar. 2026)


IST:MGROS Migros Ticaret AS IST:MGROS
87 GF Score
Price ₺688.50
GF Value ₺678.00
Valuation Fairly Valued
! 6 Warning Signs
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What is Migros Ticaret AS Scaled Net Operating Assets?

Migros Ticaret AS IST:MGROS -0.79% 87 Scaled Net Operating Assets is 0.46 as of Mar. 2026. GuruFocus rates IST:MGROS with a GF Score™ of 87/100 and a GF Value™ of ₺678.00 (Fairly Valued). 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.

Migros Ticaret AS's operating assets for the quarter that ended in Mar. 2026 was ₺200,741 Mil. Migros Ticaret AS's operating liabilities for the quarter that ended in Mar. 2026 was ₺103,936 Mil. Migros Ticaret AS's Total Assets for the quarter that ended in Dec. 2025 was ₺209,583 Mil. Therefore, Migros Ticaret AS's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.46.


Migros Ticaret AS Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Migros Ticaret AS'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.

Migros Ticaret AS Scaled Net Operating Assets Chart

Migros Ticaret AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.20 1.54 0.60 0.56 0.43

Migros Ticaret AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.36 0.45 0.43 0.43 0.46

IST:MGROS vs KR, SFM, ACI: Scaled Net Operating Assets Comparison

For the Grocery Stores subindustry, Migros Ticaret AS'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.


Migros Ticaret AS Scaled Net Operating Assets vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Migros Ticaret AS's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Migros Ticaret AS's Scaled Net Operating Assets falls into.


IST:MGROS
87GF Score
Migros Ticaret AS IST:MGROS
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Migros Ticaret AS 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.

Migros Ticaret AS'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 )
=(182526.136-97868.843)/196415.076
=0.43

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=209583.279 - 27057.143
=182526.136

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=129670.573 - 25678.885 - 6122.845
=97868.843

Migros Ticaret AS'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 )
=(200740.739-103936.145)/209583.279
=0.46

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=229677.789 - 28937.05
=200740.739

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=140476.904 - 31631.938 - 4908.821
=103936.145

* 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 0.46 mean?
Migros Ticaret AS (IST:MGROS) has a Scaled Net Operating Assets of 0.46 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 Migros Ticaret AS and its competitors.
Is Migros Ticaret AS's Scaled Net Operating Assets too high?
Migros Ticaret AS's current Scaled Net Operating Assets is 0.46. Overall, Migros Ticaret AS has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Migros Ticaret AS's Scaled Net Operating Assets compare to KR and SFM?
Migros Ticaret AS's Scaled Net Operating Assets of 0.46 can be compared against companies in the Retail - Defensive 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 Retail - Defensive company?
A good Scaled Net Operating Assets depends on the Retail - Defensive 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 Migros Ticaret AS and its competitors. Migros Ticaret AS's current Scaled Net Operating Assets is 0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Migros Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Migros Ticaret AS (IST:MGROS) is currently considered Fairly Valued. The stock's GF Value™ is ₺678.00, compared to a current price of ₺688.50 — trading 1.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.46. Migros Ticaret AS's overall GF Score™ is 87/100 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 Migros Ticaret AS (IST:MGROS), the current Scaled Net Operating Assets is 0.46 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 Migros Ticaret AS (IST:MGROS) Overvalued in 2026?

Based on GuruFocus' analysis, Migros Ticaret AS stock appears to be overvalued. The current stock price of ₺688.50 is trading 1.5% above its estimated GF Value™ of ₺678.00. GuruFocus considers Migros Ticaret AS to be Fairly Valued.

Key valuation signals for IST:MGROS:

  • Scaled Net Operating Assets: 0.46
  • GF Value™: ₺678.00 vs. price of ₺688.50 (1.5% above fair value)
  • GF Score™: 87/100 with 6 warning signs

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


Migros Ticaret AS Business Description

Address Ataturk Mahallesi Turgut Ozal Bulvari No 7, Atasehir - Istanbul, TUR, 34758
Migros Ticaret AS is a Turkey-based company that is principally engaged in the retail business. The company also operates in the business lines of online food retailing and ready meals, payment and electronic money services, logistics services, media, shopping center management, and others.
87GF Score

Get the complete analysis for IST:MGROS

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₺688.50
Price
₺678.00
GF Value