NNGPF (NN Group NV) Scaled Net Operating Assets: 0.14 (As of Dec. 2025)


NNGPF NN Group NV NNGPF
53 GF Score
Price $87.05
GF Value $59.62
Valuation Significantly Overvalued
! 11 Warning Signs
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What is NN Group NV Scaled Net Operating Assets?

NN Group NV NNGPF +0.06% 53 Scaled Net Operating Assets is 0.14 as of Dec. 2025. GuruFocus rates NNGPF with a GF Score™ of 53/100 and a GF Value™ of $59.62 (Significantly Overvalued). The stock has 11 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.

NN Group NV's operating assets for the quarter that ended in Dec. 2025 was $232,445 Mil. NN Group NV's operating liabilities for the quarter that ended in Dec. 2025 was $199,143 Mil. NN Group NV's Total Assets for the quarter that ended in Jun. 2025 was $237,729 Mil. Therefore, NN Group NV's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.14.

NNGPF
53GF Score
NN Group NV NNGPF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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NN Group NV 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.

NN Group NV'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 )
=(232444.965-199142.857)/220287.958
=0.15

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=239943.794 - 7498.829
=232444.965

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=215172.131 - 16029.274 - 0
=199142.857

NN Group NV'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 )
=(232444.965-199142.857)/237728.95
=0.14

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=239943.794 - 7498.829
=232444.965

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=215172.131 - 16029.274 - 0
=199142.857

* 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 0.14 mean?
NN Group NV (NNGPF) has a Scaled Net Operating Assets of 0.14 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 NN Group NV and its competitors.
Is NN Group NV's Scaled Net Operating Assets too high?
NN Group NV's current Scaled Net Operating Assets is 0.14. Overall, NN Group NV has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NN Group NV's Scaled Net Operating Assets compare to BRK.A and AIG?
NN Group NV's Scaled Net Operating Assets of 0.14 can be compared against companies in the Insurance 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 Insurance company?
A good Scaled Net Operating Assets depends on the Insurance 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 NN Group NV and its competitors. NN Group NV's current Scaled Net Operating Assets is 0.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NN Group NV stock overvalued right now?
Based on GuruFocus' analysis, NN Group NV (NNGPF) is currently considered Significantly Overvalued. The stock's GF Value™ is $59.62, compared to a current price of $87.05 — trading 46% above its estimated fair value. The current Scaled Net Operating Assets is 0.14. NN Group NV's overall GF Score™ is 53/100 with 11 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 NN Group NV (NNGPF), the current Scaled Net Operating Assets is 0.14 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 NN Group NV (NNGPF) Overvalued in 2026?

Based on GuruFocus' analysis, NN Group NV stock appears to be overvalued. The current stock price of $87.05 is trading 46% above its estimated GF Value™ of $59.62. GuruFocus considers NN Group NV to be Significantly Overvalued.

Key valuation signals for NNGPF:

  • Scaled Net Operating Assets: 0.14
  • GF Value™: $59.62 vs. price of $87.05 (46% above fair value)
  • GF Score™: 53/100 with 11 warning signs

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

NN Group NV Business Description

Address Schenkkade 65, The Hague, ZH, NLD, 2595 AS
NN Group is a European insurance company that primarily sells long-term savings in the Netherlands. The business is made up of four divisions: Netherlands life, Netherlands nonlife, insurance Europe, and Japan life. The Netherlands life business is the biggest division and tends to generate around three-quarters of operating income. That business sells traditional spread-based long-term savings and more modern defined-contribution savings. Since 2022, assets that are managed to support the traditional savings products and in-house part of defined-contribution products are managed by Goldman Sachs Asset Management. Since around 2013, NN has closed its domestic individual life insurance products to new business.
53GF 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.

$87.05
Price
$59.62
GF Value