Air Astana JSC (LSE:AIRA) Scaled Net Operating Assets: 0.46 (As of Mar. 2026)


LSE:AIRA Air Astana JSC LSE:AIRA
46 GF Score
Price $5.32
! 7 Warning Signs
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What is Air Astana JSC Scaled Net Operating Assets?

Air Astana JSC LSE:AIRA 46 Scaled Net Operating Assets is 0.46 as of Mar. 2026. GuruFocus rates LSE:AIRA with a GF Score™ of 46/100. The stock has 7 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.

Air Astana JSC's operating assets for the quarter that ended in Mar. 2026 was $1,652 Mil. Air Astana JSC's operating liabilities for the quarter that ended in Mar. 2026 was $715 Mil. Air Astana JSC's Total Assets for the quarter that ended in Dec. 2025 was $2,057 Mil. Therefore, Air Astana JSC's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.46.


Air Astana JSC Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Air Astana JSC'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.

Air Astana JSC Scaled Net Operating Assets Chart

Air Astana JSC Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.59 0.58 0.53 0.58 0.52

Air Astana JSC Quarterly Data
Dec20 Dec21 Sep22 Dec22 Mar23 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 0.48 0.43 0.41 0.47 0.46

LSE:AIRA vs DAL, UAL, LUV: Scaled Net Operating Assets Comparison

For the Airlines subindustry, Air Astana JSC'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.


Air Astana JSC Scaled Net Operating Assets vs Transportation Industry

For the Transportation industry and Industrials sector, Air Astana JSC's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Air Astana JSC's Scaled Net Operating Assets falls into.


LSE:AIRA
46GF Score
Air Astana JSC LSE:AIRA
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Air Astana JSC 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.

Air Astana JSC'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 )
=(1583.462-637.308)/1813.075
=0.52

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2056.581 - 473.119
=1583.462

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1687.267 - 851.221 - 198.738
=637.308

Air Astana JSC'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 )
=(1651.925-714.673)/2056.581
=0.46

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2096.142 - 444.217
=1651.925

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1746.348 - 824.767 - 206.908
=714.673

* 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?
Air Astana JSC (LSE:AIRA) 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 Air Astana JSC and its competitors.
Is Air Astana JSC's Scaled Net Operating Assets too high?
Air Astana JSC's current Scaled Net Operating Assets is 0.46. Overall, Air Astana JSC has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.
How does Air Astana JSC's Scaled Net Operating Assets compare to DAL and UAL?
Air Astana JSC's Scaled Net Operating Assets of 0.46 can be compared against companies in the Transportation 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 Transportation company?
A good Scaled Net Operating Assets depends on the Transportation 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 Air Astana JSC and its competitors. Air Astana JSC'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 Air Astana JSC stock overvalued right now?
Air Astana JSC (LSE:AIRA) has a current Scaled Net Operating Assets of 0.46. The current Scaled Net Operating Assets is 0.46. Air Astana JSC's overall GF Score™ is 46/100 with 7 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 Air Astana JSC (LSE:AIRA), 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.

Air Astana JSC Business Description

Address 4A Zakarpatskaya Street, Turksib District, Almaty, KAZ, 050039
Air Astana JSC is an airline company engaged in providing scheduled and charter, point-to-point and transit, short-haul and long-haul passenger air transportation and cargo services on domestic, regional, and international routes across Central Asia, the Caucasus, Europe (including Turkey), the Middle East, and Asia (including India and China). The group has two reportable segments. The Air Astana segment operates as a full-service airline brand providing domestic and international passenger and cargo transportation services. The FlyArystan segment operates as a low-cost airline brand providing scheduled short-haul and medium-haul passenger air transportation services across Kazakhstan and neighboring regions, including the Caucasus, Central Asia, Turkey, and the Middle East.
46GF Score

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