Skagi hf (OISE:VIS) Scaled Net Operating Assets: 0.53 (As of Mar. 2026)


OISE:VIS Skagi hf OISE:VIS
70 GF Score
Price kr18.10
GF Value kr21.93
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Skagi hf Scaled Net Operating Assets?

Skagi hf OISE:VIS 70 Scaled Net Operating Assets is 0.53 as of Mar. 2026. GuruFocus rates OISE:VIS with a GF Score™ of 70/100 and a GF Value™ of kr21.93 (Modestly Undervalued). The stock has 3 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.

Skagi hf's operating assets for the quarter that ended in Mar. 2026 was kr83,958 Mil. Skagi hf's operating liabilities for the quarter that ended in Mar. 2026 was kr38,886 Mil. Skagi hf's Total Assets for the quarter that ended in Dec. 2025 was kr85,035 Mil. Therefore, Skagi hf's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.53.

OISE:VIS
70GF Score
Skagi hf OISE:VIS
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Skagi hf 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.

Skagi hf'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 )
=(83284.993-35062.749)/78980.095
=0.61

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=85035.018 - 1750.025
=83284.993

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=61050.783 - 17016.019 - 8972.015
=35062.749

Skagi hf'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 )
=(83958.265-38886.487)/85035.018
=0.53

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=87230.88 - 3272.615
=83958.265

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=64556.021 - 20474.19 - 5195.344
=38886.487

* 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 0.53 mean?
Skagi hf (OISE:VIS) has a Scaled Net Operating Assets of 0.53 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 Skagi hf and its competitors.
Is Skagi hf's Scaled Net Operating Assets too high?
Skagi hf's current Scaled Net Operating Assets is 0.53. Overall, Skagi hf has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Skagi hf's Scaled Net Operating Assets compare to BRK.A and AIG?
Skagi hf's Scaled Net Operating Assets of 0.53 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 Skagi hf and its competitors. Skagi hf's current Scaled Net Operating Assets is 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Skagi hf stock overvalued right now?
Based on GuruFocus' analysis, Skagi hf (OISE:VIS) is currently considered Modestly Undervalued. The stock's GF Value™ is kr21.93, compared to a current price of kr18.10 — trading 17.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.53. Skagi hf's overall GF Score™ is 70/100 with 3 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 Skagi hf (OISE:VIS), the current Scaled Net Operating Assets is 0.53 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 Skagi hf (OISE:VIS) Overvalued in 2026?

Based on GuruFocus' analysis, Skagi hf stock appears to be undervalued. The current stock price of kr18.10 is trading 17.5% below its estimated GF Value™ of kr21.93. GuruFocus considers Skagi hf to be Modestly Undervalued.

Key valuation signals for OISE:VIS:

  • Scaled Net Operating Assets: 0.53
  • GF Value™: kr21.93 vs. price of kr18.10 (17.5% below fair value)
  • GF Score™: 70/100 with 3 warning signs

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

Skagi hf Business Description

Address Armuli 3, Reykjavik, ISL, 108
Skagi hf is engaged in financial services sector. The Group operates through three operating segments: Insurance Operations, Insurance Investments, and Financial Services. Insurance Operations comprises the core insurance activities, including the underwriting of life, health, and general insurance products. Insurance Investments includes the management of assets backing insurance liabilities as well as proprietary investment activities. The Financial Services segment comprises activities such as asset management, loans to customers, and other noninsurance financial products. Key revenue is generated from Insurance operations.
70GF 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.

kr18.10
Price
kr21.93
GF Value