MSA (MSAfety) Scaled Net Operating Assets: 0.72 (As of Mar. 2026)


MSA MSA Safety Inc MSA
89 GF Score
Price $167.56
GF Value $186.84
Valuation Modestly Undervalued
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What is MSAfety Scaled Net Operating Assets?

MSAfety MSA +1.37% 89 Scaled Net Operating Assets is 0.72 as of Mar. 2026. GuruFocus rates MSA with a GF Score™ of 89/100 and a GF Value™ of $186.84 (Modestly Undervalued).

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

MSAfety's operating assets for the quarter that ended in Mar. 2026 was $2,384 Mil. MSAfety's operating liabilities for the quarter that ended in Mar. 2026 was $550 Mil. MSAfety's Total Assets for the quarter that ended in Dec. 2025 was $2,554 Mil. Therefore, MSAfety's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.72.


MSAfety Scaled Net Operating Assets Historical Data

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The historical data trend for MSAfety'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.

MSAfety Scaled Net Operating Assets Chart

MSAfety 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 0.67 0.57 0.62 0.71 0.83

MSAfety 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 0.71 0.82 0.71 0.72 0.72

MSA vs ADT, BCO, BRC: Scaled Net Operating Assets Comparison

For the Security & Protection Services subindustry, MSAfety'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.


MSAfety Scaled Net Operating Assets vs Business Services Industry

For the Business Services industry and Industrials sector, MSAfety's Scaled Net Operating Assets distribution charts can be found below:

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


MSA
89GF Score
MSA Safety Inc MSA
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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MSAfety 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.

MSAfety'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 )
=(2389.307-560.277)/2205.784
=0.83

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2554.374 - 165.067
=2389.307

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1187.362 - 618.86 - 8.225
=560.277

MSAfety'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 )
=(2383.828-550.277)/2554.374
=0.72

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2563.986 - 180.158
=2383.828

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1208.626 - 650.275 - 8.074
=550.277

* 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 0.72 mean?
MSAfety (MSA) has a Scaled Net Operating Assets of 0.72 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 MSAfety and its competitors.
Is MSAfety's Scaled Net Operating Assets too high?
MSAfety's current Scaled Net Operating Assets is 0.72. Overall, MSAfety has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MSAfety's Scaled Net Operating Assets compare to ADT and BCO?
MSAfety's Scaled Net Operating Assets of 0.72 can be compared against companies in the Business Services 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 Business Services company?
A good Scaled Net Operating Assets depends on the Business Services 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 MSAfety and its competitors. MSAfety's current Scaled Net Operating Assets is 0.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MSAfety stock overvalued right now?
Based on GuruFocus' analysis, MSAfety (MSA) is currently considered Modestly Undervalued. The stock's GF Value™ is $186.84, compared to a current price of $167.56 — trading 10.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.72. MSAfety's overall GF Score™ is 89/100. 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 MSAfety (MSA), the current Scaled Net Operating Assets is 0.72 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 MSAfety (MSA) Overvalued in 2026?

Based on GuruFocus' analysis, MSAfety stock appears to be undervalued. The current stock price of $167.56 is trading 10.3% below its estimated GF Value™ of $186.84. GuruFocus considers MSAfety to be Modestly Undervalued.

Key valuation signals for MSA:

  • Scaled Net Operating Assets: 0.72
  • GF Value™: $186.84 vs. price of $167.56 (10.3% below fair value)
  • GF Score™: 89/100

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


MSAfety Business Description

Other Exchanges M07:Germany
Address 1000 Cranberry Woods Drive, Cranberry Township, PA, USA, 16066-5207
MSA Safety Inc makes safety products that are used to protect workers in the oil and gas and mining industries. The company's product offerings include breathing apparatuses, fall protection, portable gas detection systems, industrial head protection, fire and rescue helmets, and fixed gas and flame detection systems, among others. The end markets for its products include the fire service, contractor, industrial, mining, oil and gas, and utilities industries. The company has organized its business into four geographical operating segments that are aggregated into two reportable segments: Americas and International. The majority of its revenue is generated from the Americas segment, which is comprised of the company's operations in Northern North America and Latin America geographies.
89GF 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.

$167.56
Price
$186.84
GF Value