United Co RUSAL International PJSC (MIC:RUAL) Scaled Net Operating Assets: 0.84 (As of Dec. 2025)


MIC:RUAL United Co RUSAL International PJSC MIC:RUAL
61 GF Score
Price ₽28.88
GF Value ₽38.17
Valuation Modestly Undervalued
! 5 Warning Signs
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What is United Co RUSAL International PJSC Scaled Net Operating Assets?

United Co RUSAL International PJSC MIC:RUAL +5.52% 61 Scaled Net Operating Assets is 0.84 as of Dec. 2025. GuruFocus rates MIC:RUAL with a GF Score™ of 61/100 and a GF Value™ of ₽38.17 (Modestly Undervalued). The stock has 5 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.

United Co RUSAL International PJSC's operating assets for the quarter that ended in Dec. 2025 was ₽1,861,404 Mil. United Co RUSAL International PJSC's operating liabilities for the quarter that ended in Dec. 2025 was ₽296,362 Mil. United Co RUSAL International PJSC's Total Assets for the quarter that ended in Jun. 2025 was ₽1,869,582 Mil. Therefore, United Co RUSAL International PJSC's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.84.


United Co RUSAL International PJSC Scaled Net Operating Assets Historical Data

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The historical data trend for United Co RUSAL International PJSC'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.

United Co RUSAL International PJSC Scaled Net Operating Assets Chart

United Co RUSAL International PJSC 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 0.86 0.73 1.00 0.97 0.66

United Co RUSAL International PJSC 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 0.87 0.85 0.95 0.63 0.84

MIC:RUAL vs AA, CENX, CSTM: Scaled Net Operating Assets Comparison

For the Aluminum subindustry, United Co RUSAL International PJSC'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.


United Co RUSAL International PJSC Scaled Net Operating Assets vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, United Co RUSAL International PJSC's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where United Co RUSAL International PJSC's Scaled Net Operating Assets falls into.


MIC:RUAL
61GF Score
United Co RUSAL International PJSC MIC:RUAL
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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United Co RUSAL International PJSC 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.

United Co RUSAL International PJSC'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 )
=(1861403.542-296361.836)/2388849.756
=0.66

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1991856.807 - 130453.265
=1861403.542

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1059684.356 - 246279.23 - 517043.29
=296361.836

United Co RUSAL International PJSC'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 )
=(1861403.542-296361.836)/1869582.153
=0.84

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1991856.807 - 130453.265
=1861403.542

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1059684.356 - 246279.23 - 517043.29
=296361.836

* 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?
United Co RUSAL International PJSC (MIC:RUAL) 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 United Co RUSAL International PJSC and its competitors.
Is United Co RUSAL International PJSC's Scaled Net Operating Assets too high?
United Co RUSAL International PJSC's current Scaled Net Operating Assets is 0.84. Overall, United Co RUSAL International PJSC has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does United Co RUSAL International PJSC's Scaled Net Operating Assets compare to AA and CENX?
United Co RUSAL International PJSC's Scaled Net Operating Assets of 0.84 can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Scaled Net Operating Assets depends on the Metals & Mining 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 United Co RUSAL International PJSC and its competitors. United Co RUSAL International PJSC'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 United Co RUSAL International PJSC stock overvalued right now?
Based on GuruFocus' analysis, United Co RUSAL International PJSC (MIC:RUAL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₽38.17, compared to a current price of ₽28.88 — trading 24.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.84. United Co RUSAL International PJSC's overall GF Score™ is 61/100 with 5 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 United Co RUSAL International PJSC (MIC:RUAL), 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 United Co RUSAL International PJSC (MIC:RUAL) Overvalued in 2026?

Based on GuruFocus' analysis, United Co RUSAL International PJSC stock appears to be undervalued. The current stock price of ₽28.88 is trading 24.3% below its estimated GF Value™ of ₽38.17. GuruFocus considers United Co RUSAL International PJSC to be Modestly Undervalued.

Key valuation signals for MIC:RUAL:

  • Scaled Net Operating Assets: 0.84
  • GF Value™: ₽38.17 vs. price of ₽28.88 (24.3% below fair value)
  • GF Score™: 61/100 with 5 warning signs

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


United Co RUSAL International PJSC Business Description

Other Exchanges 00486:Hong Kong
Address Oktyabrskaya Street 8, Office 410, Kaliningrad, RUS, 236006
United Co RUSAL International PJSC produces aluminium and aluminium products. Its products are primary aluminium, aluminium alloys, high-purity aluminium, wire rod, foil and packaging, aluminium powder, bauxite and alumina, silicon, gallium, corundum, and aluminium protectors. The Aluminium segment is a key revenue driver and covers the production and sale of primary aluminium and related products. Alumina segment encompasses the mining and refining of bauxite into alumina and the sale of alumina. The Energy segment comprises mining and sale of coal and generation and transmission of electricity produced from various sources. The mining and metals segment consists of equity investments in Norilsk Nickel. It has four segments Aluminium, Alumina, Energy and Mining, and Metals.
61GF Score

Get the complete analysis for MIC:RUAL

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

₽28.88
Price
₽38.17
GF Value