Helios Underwriting (LSE:HUW) Scaled Net Operating Assets: 0.84 (As of Dec. 2025)


LSE:HUW Helios Underwriting PLC LSE:HUW
55 GF Score
Price £2.18
GF Value £2.69
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Helios Underwriting Scaled Net Operating Assets?

Helios Underwriting LSE:HUW +0.46% 55 Scaled Net Operating Assets is 0.84 as of Dec. 2025. GuruFocus rates LSE:HUW with a GF Score™ of 55/100 and a GF Value™ of £2.69 (Modestly Undervalued). The stock has 3 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.

Helios Underwriting's operating assets for the quarter that ended in Dec. 2025 was £220.15 Mil. Helios Underwriting's operating liabilities for the quarter that ended in Dec. 2025 was £14.53 Mil. Helios Underwriting's Total Assets for the quarter that ended in Jun. 2025 was £243.36 Mil. Therefore, Helios Underwriting's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.84.

LSE:HUW
55GF Score
Helios Underwriting PLC LSE:HUW
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Helios Underwriting 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.

Helios Underwriting'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 )
=(220.151-14.526)/243.01
=0.85

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=249.141 - 28.99
=220.151

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=68.862 - 54.336 - 0
=14.526

Helios Underwriting'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 )
=(220.151-14.526)/243.358
=0.84

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=249.141 - 28.99
=220.151

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=68.862 - 54.336 - 0
=14.526

* 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 0.84 mean?
Helios Underwriting (LSE:HUW) has a Scaled Net Operating Assets of 0.84 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 Helios Underwriting and its competitors.
Is Helios Underwriting's Scaled Net Operating Assets too high?
Helios Underwriting's current Scaled Net Operating Assets is 0.84. Overall, Helios Underwriting has a GF Score™ of 55/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Helios Underwriting's Scaled Net Operating Assets compare to BRK.A and AIG?
Helios Underwriting's Scaled Net Operating Assets of 0.84 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 Helios Underwriting and its competitors. Helios Underwriting's current Scaled Net Operating Assets is 0.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Helios Underwriting stock overvalued right now?
Based on GuruFocus' analysis, Helios Underwriting (LSE:HUW) is currently considered Modestly Undervalued. The stock's GF Value™ is £2.69, compared to a current price of £2.18 — trading 19% below its estimated fair value. The current Scaled Net Operating Assets is 0.84. Helios Underwriting's overall GF Score™ is 55/100 with 3 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 Helios Underwriting (LSE:HUW), the current Scaled Net Operating Assets is 0.84 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 Helios Underwriting (LSE:HUW) Overvalued in 2026?

Based on GuruFocus' analysis, Helios Underwriting stock appears to be undervalued. The current stock price of £2.18 is trading 19% below its estimated GF Value™ of £2.69. GuruFocus considers Helios Underwriting to be Modestly Undervalued.

Key valuation signals for LSE:HUW:

  • Scaled Net Operating Assets: 0.84
  • GF Value™: £2.69 vs. price of £2.18 (19% below fair value)
  • GF Score™: 55/100 with 3 warning signs

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

Helios Underwriting Business Description

Address 33 Cornhill, 1st Floor, London, GBR, EC3V 3ND
Helios Underwriting PLC provides investors with exposure to the Lloyd's insurance market through an actively managed portfolio of syndicate capacity. The Company's principal activity is to provide a limited liability investment for shareholders through participation in a portfolio of Lloyd's syndicates. It participates in the insurance business as an underwriting member of Lloyd's through wholly owned undertakings and investments in Limited Liability Vehicles (LLVs). The Company also provides syndicate research, advice on syndicate selection, and portfolio curation. Its core business purpose is to offer investors growth and returns from exposure to Lloyd's of London through investment income (dividends) and capital appreciation resulting from increases in NAV per share and share price.
55GF 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.

£2.18
Price
£2.69
GF Value