Dassault Aviation (MEX:AM) Scaled Net Operating Assets: -0.08 (As of Dec. 2025)


MEX:AM Dassault Aviation SA MEX:AM
83 GF Score
Price MXN6,105.18
GF Value MXN7,437.02
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Dassault Aviation Scaled Net Operating Assets?

Dassault Aviation MEX:AM 83 Scaled Net Operating Assets is -0.08 as of Dec. 2025. GuruFocus rates MEX:AM with a GF Score™ of 83/100 and a GF Value™ of MXN7,437.02 (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.

Dassault Aviation's operating assets for the quarter that ended in Dec. 2025 was MXN494,534 Mil. Dassault Aviation's operating liabilities for the quarter that ended in Dec. 2025 was MXN548,770 Mil. Dassault Aviation's Total Assets for the quarter that ended in Jun. 2025 was MXN697,721 Mil. Therefore, Dassault Aviation's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was -0.08.


Dassault Aviation Scaled Net Operating Assets Historical Data

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The historical data trend for Dassault Aviation'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.

Dassault Aviation Scaled Net Operating Assets Chart

Dassault Aviation Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.04 -0.19 -0.05 -0.10 -0.09

Dassault Aviation Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 -0.06 -0.12 -0.08 -0.11 -0.08

MEX:AM vs GE, RTX, BA: Scaled Net Operating Assets Comparison

For the Aerospace & Defense subindustry, Dassault Aviation'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.


Dassault Aviation Scaled Net Operating Assets vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Dassault Aviation's Scaled Net Operating Assets distribution charts can be found below:

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


MEX:AM
83GF Score
Dassault Aviation SA MEX:AM
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Dassault Aviation 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.

Dassault Aviation'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 )
=(494534.141-548770.366)/635821.917
=-0.09

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=693547.622 - 199013.481
=494534.141

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=553051.485 - 3673.015 - 608.104
=548770.366

Dassault Aviation'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 )
=(494534.141-548770.366)/697720.784
=-0.08

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=693547.622 - 199013.481
=494534.141

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=553051.485 - 3673.015 - 608.104
=548770.366

* 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 -0.08 mean?
Dassault Aviation (MEX:AM) has a Scaled Net Operating Assets of -0.08 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 Dassault Aviation and its competitors.
Is Dassault Aviation's Scaled Net Operating Assets too high?
Dassault Aviation's current Scaled Net Operating Assets is -0.08. Overall, Dassault Aviation has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dassault Aviation's Scaled Net Operating Assets compare to GE and RTX?
Dassault Aviation's Scaled Net Operating Assets of -0.08 can be compared against companies in the Aerospace & Defense 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 Aerospace & Defense company?
A good Scaled Net Operating Assets depends on the Aerospace & Defense 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 Dassault Aviation and its competitors. Dassault Aviation's current Scaled Net Operating Assets is -0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dassault Aviation stock overvalued right now?
Based on GuruFocus' analysis, Dassault Aviation (MEX:AM) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN7,437.02, compared to a current price of MXN6,105.18 — trading 17.9% below its estimated fair value. The current Scaled Net Operating Assets is -0.08. Dassault Aviation's overall GF Score™ is 83/100 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 Dassault Aviation (MEX:AM), the current Scaled Net Operating Assets is -0.08 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 Dassault Aviation (MEX:AM) Overvalued in 2026?

Based on GuruFocus' analysis, Dassault Aviation stock appears to be undervalued. The current stock price of MXN6,105.18 is trading 17.9% below its estimated GF Value™ of MXN7,437.02. GuruFocus considers Dassault Aviation to be Modestly Undervalued.

Key valuation signals for MEX:AM:

  • Scaled Net Operating Assets: -0.08
  • GF Value™: MXN7,437.02 vs. price of MXN6,105.18 (17.9% below fair value)
  • GF Score™: 83/100 with 3 warning signs

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


Dassault Aviation Business Description

Address 78, quai Marcel-Dassault, Cedex 300, Saint-Cloud, FRA, 92552
Dassault Aviation, controlled by the French Dassault Group, designs, builds, and maintains military fighter jets and is one of the largest manufacturers of business jets. It holds a 26.6% stake in defense electronics group Thales, whose earnings contribution accounts for roughly half of Dassault's adjusted net income. In 2025, Dassault Aviation generated EUR 7.4 billion in revenue with over 15,000 employees. About 63% of revenue comes from defense aircraft and services, while Falcon business jets generate the remaining 37%.
83GF Score

Get the complete analysis for MEX:AM

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN6,105.18
Price
MXN7,437.02
GF Value