LMND (Lemonade) Scaled Net Operating Assets: 0.07 (As of Mar. 2026)


LMND Lemonade Inc LMND
79 GF Score
Price $58.86
GF Value $52.01
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Lemonade Scaled Net Operating Assets?

Lemonade LMND +5.13% 79 Scaled Net Operating Assets is 0.07 as of Mar. 2026. GuruFocus rates LMND with a GF Score™ of 79/100 and a GF Value™ of $52.01 (Modestly Overvalued). The stock has 2 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.

Lemonade's operating assets for the quarter that ended in Mar. 2026 was $1,380.1 Mil. Lemonade's operating liabilities for the quarter that ended in Mar. 2026 was $1,239.5 Mil. Lemonade's Total Assets for the quarter that ended in Dec. 2025 was $1,925.7 Mil. Therefore, Lemonade's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.07.

LMND
79GF Score
Lemonade Inc LMND
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Lemonade 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.

Lemonade'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 )
=(1540.7-1210)/1849.1
=0.18

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1925.7 - 385
=1540.7

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1392.1 - 182.1 - 0
=1210

Lemonade'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 )
=(1380.1-1239.5)/1925.7
=0.07

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1957.9 - 577.8
=1380.1

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1439.9 - 200.4 - 0
=1239.5

* 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 0.07 mean?
Lemonade (LMND) has a Scaled Net Operating Assets of 0.07 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 Lemonade and its competitors.
Is Lemonade's Scaled Net Operating Assets too high?
Lemonade's current Scaled Net Operating Assets is 0.07. Overall, Lemonade has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lemonade's Scaled Net Operating Assets compare to RLI and WTM?
Lemonade's Scaled Net Operating Assets of 0.07 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 Lemonade and its competitors. Lemonade's current Scaled Net Operating Assets is 0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lemonade stock overvalued right now?
Based on GuruFocus' analysis, Lemonade (LMND) is currently considered Modestly Overvalued. The stock's GF Value™ is $52.01, compared to a current price of $58.86 — trading 13.2% above its estimated fair value. The current Scaled Net Operating Assets is 0.07. Lemonade's overall GF Score™ is 79/100 with 2 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 Lemonade (LMND), the current Scaled Net Operating Assets is 0.07 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 Lemonade (LMND) Overvalued in 2026?

Based on GuruFocus' analysis, Lemonade stock appears to be overvalued. The current stock price of $58.86 is trading 13.2% above its estimated GF Value™ of $52.01. GuruFocus considers Lemonade to be Modestly Overvalued.

Key valuation signals for LMND:

  • Scaled Net Operating Assets: 0.07
  • GF Value™: $52.01 vs. price of $58.86 (13.2% above fair value)
  • GF Score™: 79/100 with 2 warning signs

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

Lemonade Business Description

Address 5 Crosby Street, 3rd Floor, New York, NY, USA, 10013
Lemonade Inc operates in the insurance industry. The company offers digital and artificial intelligence based platform for various insurances and for settling claims and paying premiums. The platform ensures transparency in issuing policies and settling disputes. The company is using technology, data, artificial intelligence, contemporary design, and social impact to deliver delightful and affordable insurances. The Company operates in one report segment providing personal property and casualty insurance products within the United States and Europe, including the UK.
79GF 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.

$58.86
Price
$52.01
GF Value