AAK AB (MIL:1AAK) Scaled Net Operating Assets: 0.74 (As of Mar. 2026)


MIL:1AAK AAK AB MIL:1AAK
94 GF Score
Price €23.56
GF Value €24.88
! 1 Warning Sign
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What is AAK AB Scaled Net Operating Assets?

AAK AB MIL:1AAK 94 Scaled Net Operating Assets is 0.74 as of Mar. 2026. GuruFocus rates MIL:1AAK with a GF Score™ of 94/100 and a GF Value™ of €24.88. The stock has 1 warning sign investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

AAK AB's operating assets for the quarter that ended in Mar. 2026 was €3,079 Mil. AAK AB's operating liabilities for the quarter that ended in Mar. 2026 was €867 Mil. AAK AB's Total Assets for the quarter that ended in Dec. 2025 was €2,998 Mil. Therefore, AAK AB's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.74.


AAK AB Scaled Net Operating Assets Historical Data

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The historical data trend for AAK AB'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.

AAK AB Scaled Net Operating Assets Chart

AAK AB 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 0.69 0.72 0.58 0.69 0.72

AAK AB Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.67 0.69 0.70 0.71 0.74

MIL:1AAK vs KHC, GIS: Scaled Net Operating Assets Comparison

For the Packaged Foods subindustry, AAK AB'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.


AAK AB Scaled Net Operating Assets vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, AAK AB's Scaled Net Operating Assets distribution charts can be found below:

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


MIL:1AAK
94GF Score
AAK AB MIL:1AAK
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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AAK AB 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.

AAK AB'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 )
=(2853.804-709.041)/2989.406
=0.72

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2997.707 - 143.903
=2853.804

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1162.804 - 68.092 - 385.671
=709.041

AAK AB's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(3079.1-867.024)/2997.707
=0.74

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3227.457 - 148.357
=3079.1

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1229.282 - 68.144 - 294.114
=867.024

* 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 0.74 mean?
AAK AB (MIL:1AAK) has a Scaled Net Operating Assets of 0.74 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 AAK AB and its competitors.
Is AAK AB's Scaled Net Operating Assets too high?
AAK AB's current Scaled Net Operating Assets is 0.74. Overall, AAK AB has a GF Score™ of 94/100, reflecting its overall financial health beyond just this single metric.
How does AAK AB's Scaled Net Operating Assets compare to KHC and GIS?
AAK AB's Scaled Net Operating Assets of 0.74 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Scaled Net Operating Assets depends on the Consumer Packaged Goods 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 AAK AB and its competitors. AAK AB's current Scaled Net Operating Assets is 0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AAK AB stock overvalued right now?
AAK AB (MIL:1AAK) has a current Scaled Net Operating Assets of 0.74. The stock's GF Value™ is €24.88, compared to a current price of €23.56 — trading 5.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.74. AAK AB's overall GF Score™ is 94/100 with 1 warning sign 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 AAK AB (MIL:1AAK), the current Scaled Net Operating Assets is 0.74 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 AAK AB (MIL:1AAK) Overvalued in 2026?

Based on GuruFocus' analysis, AAK AB stock appears to be undervalued. The current stock price of €23.56 is trading 5.3% below its estimated GF Value™ of €24.88.

Key valuation signals for MIL:1AAK:

  • Scaled Net Operating Assets: 0.74
  • GF Value™: €24.88 vs. price of €23.56 (5.3% below fair value)
  • GF Score™: 94/100 with 1 warning sign

No single metric tells the full story. See the MIL:1AAK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AAK AB Business Description

Address Pulpetgatan 20, Malmo, SWE, 215 37
AAK AB is a Swedish refined vegetable oils producer with sales operations around the world. The company has three business segments: Food Ingredients, Chocolate & Confectionery Fats, and Technical Products & Feed. The Food Ingredients segment provides solutions to the bakery, dairy, nutrition, plant-based, & food service industries. The Chocolate & Confectionery Fats segment mainly serves manufacturers of chocolate, spreads, & fillings products as well as customers in the personal care industry. The Technical Products & Feed segment provides a growing range of specialized solutions, responding to an increased demand for natural ingredients & sustainability. A majority of its revenue is generated from the Food Ingredients segment.
94GF 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.

€23.56
Price
€24.88
GF Value