Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Azimut Holding SpA's operating assets for the quarter that ended in Mar. 2026 was €10,147 Mil. Azimut Holding SpA's operating liabilities for the quarter that ended in Mar. 2026 was €8,383 Mil. Azimut Holding SpA's Total Assets for the quarter that ended in Dec. 2025 was €10,654 Mil. Therefore, Azimut Holding SpA's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.17.
Azimut Holding SpA Scaled Net Operating Assets Related Terms
Azimut Holding SpA Scaled Net Operating Assets Historical Data
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The historical data trend for Azimut Holding SpA'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.
Azimut Holding SpA Scaled Net Operating Assets Chart
MIL:AZM vs BLK, BX, KKR: Scaled Net Operating Assets Comparison
For the Asset Management subindustry, Azimut Holding SpA'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.
Azimut Holding SpA Scaled Net Operating Assets vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Azimut Holding SpA's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Azimut Holding SpA'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 0.17 mean?
Azimut Holding SpA (MIL:AZM) has a Scaled Net Operating Assets of 0.17 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 Azimut Holding SpA and its competitors.
Is Azimut Holding SpA's Scaled Net Operating Assets too high?
Azimut Holding SpA's current Scaled Net Operating Assets is 0.17. Overall, Azimut Holding SpA has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Azimut Holding SpA's Scaled Net Operating Assets compare to BLK and BX?
Azimut Holding SpA's Scaled Net Operating Assets of 0.17 can be compared against companies in the Asset Management 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 Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management 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 Azimut Holding SpA and its competitors. Azimut Holding SpA's current Scaled Net Operating Assets is 0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azimut Holding SpA stock overvalued right now?
Based on GuruFocus' analysis, Azimut Holding SpA (MIL:AZM) is currently considered Modestly Overvalued. The stock's GF Value™ is €28.52, compared to a current price of €35.48 — trading 24.4% above its estimated fair value. The current Scaled Net Operating Assets is 0.17. Azimut Holding SpA's overall GF Score™ is 83/100 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 Azimut Holding SpA (MIL:AZM), the current Scaled Net Operating Assets is 0.17 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 Azimut Holding SpA (MIL:AZM) Overvalued in 2026?
Based on GuruFocus' analysis, Azimut Holding SpA stock appears to be overvalued.
The current stock price of €35.48 is trading 24.4% above its estimated GF Value™ of €28.52.
GuruFocus considers Azimut Holding SpA to be Modestly Overvalued.
Key valuation signals for MIL:AZM:
Scaled Net Operating Assets: 0.17
GF Value™: €28.52 vs. price of €35.48 (24.4% above fair value)
No single metric tells the full story. See the MIL:AZM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Azimut Holding SpA is a large independent asset management firm operating primarily in Italy but with an increasingly global presence. In Italy, its capital management division sells and manages Italian mutual funds, Italian hedge funds, and is active in the discretionary management of individual investment portfolios. Its international business operations involve the sale, management, and distribution of financial and insurance products. Its portfolio solutions encompass a broad array of strategies that cut across various traditional and alternative asset classes. A majority of its revenue is derived from recurring fees from assets under management.
83GF Score
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