Allianz Technology Trust (LSE:ATT) Scaled Net Operating Assets: 1.13 (As of Dec. 2025)


LSE:ATT Allianz Technology Trust PLC LSE:ATT
51 GF Score
Price £7.30
GF Value £3.91
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Allianz Technology Trust Scaled Net Operating Assets?

Allianz Technology Trust LSE:ATT +0.27% 51 Scaled Net Operating Assets is 1.13 as of Dec. 2025. GuruFocus rates LSE:ATT with a GF Score™ of 51/100 and a GF Value™ of £3.91 (Significantly Overvalued). 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.

Allianz Technology Trust's operating assets for the quarter that ended in Dec. 2025 was £2,007.4 Mil. Allianz Technology Trust's operating liabilities for the quarter that ended in Dec. 2025 was £3.7 Mil. Allianz Technology Trust's Total Assets for the quarter that ended in Jun. 2025 was £1,766.5 Mil. Therefore, Allianz Technology Trust's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 1.13.

LSE:ATT
51GF Score
Allianz Technology Trust PLC LSE:ATT
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Allianz Technology Trust 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.

Allianz Technology Trust'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 )
=(2007.432-3.698)/1749.817
=1.15

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2032.553 - 25.121
=2007.432

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3.698 - 0 - 0
=3.698

Allianz Technology Trust's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(2007.432-3.698)/1766.509
=1.13

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2032.553 - 25.121
=2007.432

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3.698 - 0 - 0
=3.698

* 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 1.13 mean?
Allianz Technology Trust (LSE:ATT) has a Scaled Net Operating Assets of 1.13 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Allianz Technology Trust and its competitors.
Is Allianz Technology Trust's Scaled Net Operating Assets too high?
Allianz Technology Trust's current Scaled Net Operating Assets is 1.13. Overall, Allianz Technology Trust has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Allianz Technology Trust's Scaled Net Operating Assets compare to BLK and BX?
Allianz Technology Trust's Scaled Net Operating Assets of 1.13 can be compared against companies in the Asset Management 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 Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management 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 Allianz Technology Trust and its competitors. Allianz Technology Trust's current Scaled Net Operating Assets is 1.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Allianz Technology Trust stock overvalued right now?
Based on GuruFocus' analysis, Allianz Technology Trust (LSE:ATT) is currently considered Significantly Overvalued. The stock's GF Value™ is £3.91, compared to a current price of £7.30 — trading 86.7% above its estimated fair value. The current Scaled Net Operating Assets is 1.13. Allianz Technology Trust's overall GF Score™ is 51/100 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 Allianz Technology Trust (LSE:ATT), the current Scaled Net Operating Assets is 1.13 as of Dec. 2025. 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 Allianz Technology Trust (LSE:ATT) Overvalued in 2026?

Based on GuruFocus' analysis, Allianz Technology Trust stock appears to be overvalued. The current stock price of £7.30 is trading 86.7% above its estimated GF Value™ of £3.91. GuruFocus considers Allianz Technology Trust to be Significantly Overvalued.

Key valuation signals for LSE:ATT:

  • Scaled Net Operating Assets: 1.13
  • GF Value™: £3.91 vs. price of £7.30 (86.7% above fair value)
  • GF Score™: 51/100 with 7 warning signs

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

Allianz Technology Trust Business Description

Address 199 Bishopsgate, London, GBR, EC2M 3TY
Allianz Technology Trust PLC is a United Kingdom-based investment company. It invests principally in the equity securities of quoted technology companies across the world to achieve long-term capital growth in excess of the Dow Jones World Technology Index (sterling adjusted, total return) (the benchmark). The company's investment portfolio comprises equity securities of various companies from the technology sector such as Microsoft, Cloudflare, Nvidia, Meta Platforms, Broadcom, Alphabet, and ServiceNow, among others.
51GF Score

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£7.30
Price
£3.91
GF Value