Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
VBL's operating assets for the quarter that ended in Dec. 2025 was €89.34 Mil. VBL's operating liabilities for the quarter that ended in Dec. 2025 was €6.30 Mil. VBL's Total Assets for the quarter that ended in Jun. 2025 was €95.87 Mil. Therefore, VBL's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.87.
VBL Scaled Net Operating Assets Related Terms
VBL Scaled Net Operating Assets Historical Data
* Premium members only.
The historical data trend for VBL'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.
VBL Scaled Net Operating Assets Competitor Comparison
For the Real Estate - Diversified subindustry, VBL'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.
VBL Scaled Net Operating Assets vs Real Estate Industry
For the Real Estate industry and Real Estate sector, VBL's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where VBL's Scaled Net Operating Assets falls into.
* 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 0.87 mean?
VBL (MAL:VBL) has a Scaled Net Operating Assets of 0.87 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 VBL and its competitors.
Is VBL's Scaled Net Operating Assets too high?
VBL's current Scaled Net Operating Assets is 0.87. Overall, VBL has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does VBL's Scaled Net Operating Assets compare to competitors?
VBL's Scaled Net Operating Assets of 0.87 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 VBL and its competitors. VBL's current Scaled Net Operating Assets is 0.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VBL stock overvalued right now?
Based on GuruFocus' analysis, VBL (MAL:VBL) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.15, compared to a current price of €0.23 — trading 52% above its estimated fair value. The current Scaled Net Operating Assets is 0.87. VBL's overall GF Score™ is 62/100 with 9 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 VBL (MAL:VBL), the current Scaled Net Operating Assets is 0.87 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 VBL (MAL:VBL) Overvalued in 2026?
Based on GuruFocus' analysis, VBL stock appears to be overvalued.
The current stock price of €0.23 is trading 52% above its estimated GF Value™ of €0.15.
GuruFocus considers VBL to be Significantly Overvalued.
Key valuation signals for MAL:VBL:
Scaled Net Operating Assets: 0.87
GF Value™: €0.15 vs. price of €0.23 (52% above fair value)
No single metric tells the full story. See the MAL:VBL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
VBL PLC is a private owner of real estate in Valletta with a diversified portfolio of residential, hospitality, commercial, and office space. It is involved in property ownership and the full process of real estate acquisitions, integrated real estate development, property management, operations, utilisation (rental), and disposal of properties. Some of its projects include Palazzo Stella Valletta, Casa San Domenico, Orangery Phase 1, Silver Horse Phase 1 - The Gut, Dormitory, Palazzo Zoe, and Old Lodge. Its services include Hospitality Management, Property Management and Operations, and Development. The firm generates the majority of its revenue from Rental Income.
62GF Score
Get the complete analysis for MAL:VBL
Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MAL:VBL has been successfully added to your 
