Grainger (LSE:GRI) Scaled Net Operating Assets: 0.95 (As of Sep. 2025)


LSE:GRI Grainger PLC LSE:GRI
68 GF Score
Price £1.70
GF Value £1.55
Valuation Fairly Valued
! 6 Warning Signs
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What is Grainger Scaled Net Operating Assets?

Grainger LSE:GRI -0.47% 68 Scaled Net Operating Assets is 0.95 as of Sep. 2025. GuruFocus rates LSE:GRI with a GF Score™ of 68/100 and a GF Value™ of £1.55 (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.

Grainger's operating assets for the quarter that ended in Sep. 2025 was £3,686.0 Mil. Grainger's operating liabilities for the quarter that ended in Sep. 2025 was £135.6 Mil. Grainger's Total Assets for the quarter that ended in Mar. 2025 was £3,735.7 Mil. Therefore, Grainger's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2025 was 0.95.


Grainger Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Grainger'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.

Grainger Scaled Net Operating Assets Chart

Grainger Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.93 0.99 0.94 0.91 0.95

Grainger Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 0.92 0.91 0.93 0.91 0.95

LSE:GRI vs CBRE, BEKE, JLL: Scaled Net Operating Assets Comparison

For the Real Estate Services subindustry, Grainger'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.


Grainger Scaled Net Operating Assets vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Grainger's Scaled Net Operating Assets distribution charts can be found below:

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


LSE:GRI
68GF Score
Grainger PLC LSE:GRI
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Grainger 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.

Grainger's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Sep. 2025 )
=(Operating Assets (A: Sep. 2025 )-Operating Liabilities (A: Sep. 2025 ))/Total Assets (A: Sep. 2024 )
=(3686-135.6)/3742.7
=0.95

where

Operating Assets(A: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3771.8 - 85.8
=3686

Operating Liabilities(A: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1732 - 1520.8 - 75.6
=135.6

Grainger's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2025 )
=(Operating Assets (Q: Sep. 2025 )-Operating Liabilities (Q: Sep. 2025 ))/Total Assets (Q: Mar. 2025 )
=(3686-135.6)/3735.7
=0.95

where

Operating Assets(Q: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3771.8 - 85.8
=3686

Operating Liabilities(Q: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1732 - 1520.8 - 75.6
=135.6

* 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 0.95 mean?
Grainger (LSE:GRI) has a Scaled Net Operating Assets of 0.95 as of Sep. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Grainger and its competitors.
Is Grainger's Scaled Net Operating Assets too high?
Grainger's current Scaled Net Operating Assets is 0.95. Overall, Grainger has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Grainger's Scaled Net Operating Assets compare to CBRE and BEKE?
Grainger's Scaled Net Operating Assets of 0.95 can be compared against companies in the Real Estate 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 Real Estate company?
A good Scaled Net Operating Assets depends on the Real Estate 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 Grainger and its competitors. Grainger's current Scaled Net Operating Assets is 0.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grainger stock overvalued right now?
Based on GuruFocus' analysis, Grainger (LSE:GRI) is currently considered Fairly Valued. The stock's GF Value™ is £1.55, compared to a current price of £1.70 — trading 9.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.95. Grainger's overall GF Score™ is 68/100 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 Grainger (LSE:GRI), the current Scaled Net Operating Assets is 0.95 as of Sep. 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 Grainger (LSE:GRI) Overvalued in 2026?

Based on GuruFocus' analysis, Grainger stock appears to be overvalued. The current stock price of £1.70 is trading 9.5% above its estimated GF Value™ of £1.55. GuruFocus considers Grainger to be Fairly Valued.

Key valuation signals for LSE:GRI:

  • Scaled Net Operating Assets: 0.95
  • GF Value™: £1.55 vs. price of £1.70 (9.5% above fair value)
  • GF Score™: 68/100 with 6 warning signs

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


Grainger Business Description

Other Exchanges GRGTF:USAGRIl:UK1U4:Germany
Address St James Boulevard, Citygate, Newcastle upon Tyne, GBR, NE1 4JE
Grainger PLC owns, leases, and manages residential properties. The company derives the vast majority of its revenue through property sales and rental income. The business categorizes its operations into U.K. residential, retirement solutions, fund and third-party management, the U.K. and European development, German residential, and others. U.K. Residential represents the bulk of the group's revenue, with retirement solutions and the UK and European development also contributing a substantial portion. The company also offers residential fund- and asset management services. The two segments for the company are PRS which derives maximum revenue, and Reversionary.
68GF 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.

£1.70
Price
£1.55
GF Value