Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Macerich Co's operating assets for the quarter that ended in Mar. 2026 was MXN144,436 Mil. Macerich Co's operating liabilities for the quarter that ended in Mar. 2026 was MXN12,300 Mil. Macerich Co's Total Assets for the quarter that ended in Dec. 2025 was MXN150,684 Mil. Therefore, Macerich Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.88.
Macerich Co Scaled Net Operating Assets Related Terms
Macerich Co Scaled Net Operating Assets Historical Data
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The historical data trend for Macerich Co'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.
MEX:MAC vs EPRT, KRG, NNN: Scaled Net Operating Assets Comparison
For the REIT - Retail subindustry, Macerich Co'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.
Macerich Co Scaled Net Operating Assets vs REITs Industry
For the REITs industry and Real Estate sector, Macerich Co's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Macerich Co'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 0.88 mean?
Macerich Co (MEX:MAC) has a Scaled Net Operating Assets of 0.88 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Macerich Co and its competitors.
Is Macerich Co's Scaled Net Operating Assets too high?
Macerich Co's current Scaled Net Operating Assets is 0.88. Overall, Macerich Co has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does Macerich Co's Scaled Net Operating Assets compare to EPRT and KRG?
Macerich Co's Scaled Net Operating Assets of 0.88 can be compared against companies in the REITs 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 REITs company?
A good Scaled Net Operating Assets depends on the REITs 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 Macerich Co and its competitors. Macerich Co's current Scaled Net Operating Assets is 0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Macerich Co stock overvalued right now?
Macerich Co (MEX:MAC) has a current Scaled Net Operating Assets of 0.88. The stock's GF Value™ is MXN197.03, compared to a current price of MXN320.00 — trading 62.4% above its estimated fair value. The current Scaled Net Operating Assets is 0.88. Macerich Co's overall GF Score™ is 58/100 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 Macerich Co (MEX:MAC), the current Scaled Net Operating Assets is 0.88 as of Mar. 2026. 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 Macerich Co (MEX:MAC) Overvalued in 2026?
Based on GuruFocus' analysis, Macerich Co stock appears to be overvalued.
The current stock price of MXN320.00 is trading 62.4% above its estimated GF Value™ of MXN197.03.
Key valuation signals for MEX:MAC:
Scaled Net Operating Assets: 0.88
GF Value™: MXN197.03 vs. price of MXN320.00 (62.4% above fair value)
No single metric tells the full story. See the MEX:MAC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Macerich invests in premium mall assets. The company owns 27 regional malls in its consolidated portfolio and 10 regional malls in its unconsolidated portfolio along with a power center and seven other real estate assets. The company's total portfolio has 39.9 million square feet of gross leasable area and averaged $867 sales per square foot over the 12 months ended in September 2025.
58GF 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.
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