Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Li Auto's operating assets for the quarter that ended in Mar. 2026 was $7,467 Mil. Li Auto's operating liabilities for the quarter that ended in Mar. 2026 was $8,157 Mil. Li Auto's Total Assets for the quarter that ended in Dec. 2025 was $21,907 Mil. Therefore, Li Auto's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was -0.03.
Li Auto Scaled Net Operating Assets Related Terms
Li Auto Scaled Net Operating Assets Historical Data
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The historical data trend for Li Auto'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.
LAAOF vs XPEV, NIO, RIVN: Scaled Net Operating Assets Comparison
For the Auto Manufacturers subindustry, Li Auto'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.
Li Auto Scaled Net Operating Assets vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Li Auto's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Li Auto'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 -0.03 mean?
Li Auto (LAAOF) has a Scaled Net Operating Assets of -0.03 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 Li Auto and its competitors.
Is Li Auto's Scaled Net Operating Assets too high?
Li Auto's current Scaled Net Operating Assets is -0.03. Overall, Li Auto has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Li Auto's Scaled Net Operating Assets compare to XPEV and NIO?
Li Auto's Scaled Net Operating Assets of -0.03 can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Scaled Net Operating Assets depends on the Vehicles & Parts 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 Li Auto and its competitors. Li Auto'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 Li Auto stock overvalued right now?
Li Auto (LAAOF) has a current Scaled Net Operating Assets of -0.03. The stock's GF Value™ is $16.35, compared to a current price of $9.49 — trading 42% below its estimated fair value. The current Scaled Net Operating Assets is -0.03. Li Auto's overall GF Score™ is 74/100 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 Li Auto (LAAOF), the current Scaled Net Operating Assets is -0.03 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 Li Auto (LAAOF) Overvalued in 2026?
Based on GuruFocus' analysis, Li Auto stock appears to be undervalued.
The current stock price of $9.49 is trading 42% below its estimated GF Value™ of $16.35.
Key valuation signals for LAAOF:
Scaled Net Operating Assets: -0.03
GF Value™: $16.35 vs. price of $9.49 (42% below fair value)
No single metric tells the full story. See the LAAOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Li Auto is one of China's leading new energy vehicle manufacturers. Founded in 2015, the company designs, develops, manufactures, and sells premium smart NEVs with a particular focus on family size premium SUVs and MPVs. Li Auto started volume production of its first model—the Li One, an SUV that is a premium plug-in electric vehicle- in November 2019. Besides PHEVs, its product portfolio now extends to EVs that are fully battery-powered, reaching a wide audience. It has sold over 400,000 NEVs in 2025, accounting for about 3% of China's passenger NEV market.
74GF Score
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