NAII (Natural Alternatives International) Scaled Net Operating Assets: 0.78 (As of Mar. 2026)


NAII Natural Alternatives International Inc NAII
49 GF Score
Price $2.43
GF Value $5.31
Valuation Possible Value Trap
! 5 Warning Signs
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What is Natural Alternatives International Scaled Net Operating Assets?

Natural Alternatives International NAII 49 Scaled Net Operating Assets is 0.78 as of Mar. 2026. GuruFocus rates NAII with a GF Score™ of 49/100 and a GF Value™ of $5.31 (Possible Value Trap). 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.

Natural Alternatives International's operating assets for the quarter that ended in Mar. 2026 was $145.7 Mil. Natural Alternatives International's operating liabilities for the quarter that ended in Mar. 2026 was $26.6 Mil. Natural Alternatives International's Total Assets for the quarter that ended in Dec. 2025 was $153.3 Mil. Therefore, Natural Alternatives International's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.78.


Natural Alternatives International Scaled Net Operating Assets Historical Data

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The historical data trend for Natural Alternatives International'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.

Natural Alternatives International Scaled Net Operating Assets Chart

Natural Alternatives International Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.54 0.82 0.73 0.98 0.71

Natural Alternatives International 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 0.80 0.74 0.79 0.80 0.78

NAII vs CTGL, COOT, FAMI: Scaled Net Operating Assets Comparison

For the Packaged Foods subindustry, Natural Alternatives International'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.


Natural Alternatives International Scaled Net Operating Assets vs Consumer Packaged Goods Industry

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

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


NAII
49GF Score
Natural Alternatives International Inc NAII
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Natural Alternatives International 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.

Natural Alternatives International's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2025 )
=(Operating Assets (A: Jun. 2025 )-Operating Liabilities (A: Jun. 2025 ))/Total Assets (A: Jun. 2024 )
=(139.614-24.483)/162.342
=0.71

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=151.939 - 12.325
=139.614

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=83.513 - 54.598 - 4.432
=24.483

Natural Alternatives International'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 )
=(145.684-26.602)/153.301
=0.78

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=154.88 - 9.196
=145.684

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=91.77 - 52.496 - 12.672
=26.602

* 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 0.78 mean?
Natural Alternatives International (NAII) has a Scaled Net Operating Assets of 0.78 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 Natural Alternatives International and its competitors.
Is Natural Alternatives International's Scaled Net Operating Assets too high?
Natural Alternatives International's current Scaled Net Operating Assets is 0.78. Overall, Natural Alternatives International has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Natural Alternatives International's Scaled Net Operating Assets compare to CTGL and COOT?
Natural Alternatives International's Scaled Net Operating Assets of 0.78 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 Natural Alternatives International and its competitors. Natural Alternatives International's current Scaled Net Operating Assets is 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Natural Alternatives International stock overvalued right now?
Based on GuruFocus' analysis, Natural Alternatives International (NAII) is currently considered Possible Value Trap. The stock's GF Value™ is $5.31, compared to a current price of $2.43 — trading 54.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.78. Natural Alternatives International's overall GF Score™ is 49/100 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 Natural Alternatives International (NAII), the current Scaled Net Operating Assets is 0.78 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 Natural Alternatives International (NAII) Overvalued in 2026?

Based on GuruFocus' analysis, Natural Alternatives International stock appears to be undervalued. The current stock price of $2.43 is trading 54.2% below its estimated GF Value™ of $5.31. GuruFocus considers Natural Alternatives International to be Possible Value Trap.

Key valuation signals for NAII:

  • Scaled Net Operating Assets: 0.78
  • GF Value™: $5.31 vs. price of $2.43 (54.2% below fair value)
  • GF Score™: 49/100 with 5 warning signs

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


Natural Alternatives International Business Description

Address 1535 Faraday Avenue, Carlsbad, CA, USA, 92008
Natural Alternatives International Inc is engaged in formulating, manufacturing, and marketing nutritional supplements. It offers vitamins, minerals, herbs, and other supplements, as well as other healthcare products, to customers within the United States and internationally. Its business activity is operated through Private-Label Contract Manufacturing and Patent & Trademark Licensing segments. The company derives the majority of revenue from Private-Label Contract Manufacturing, which is engaged in providing manufacturing services to companies that market and distribute nutritional supplements and other healthcare products, whereas the Patent and Trademark Licensing segment includes royalty income from its license and supply agreements associated with the sale.
49GF Score

Get the complete analysis for NAII

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

$2.43
Price
$5.31
GF Value