OSCR (Oscar Health) Scaled Net Operating Assets: -0.74 (As of Mar. 2026)


OSCR Oscar Health Inc OSCR
76 GF Score
Price $30.91
GF Value $21.26
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Oscar Health Scaled Net Operating Assets?

Oscar Health OSCR +0.32% 76 Scaled Net Operating Assets is -0.74 as of Mar. 2026. GuruFocus rates OSCR with a GF Score™ of 76/100 and a GF Value™ of $21.26 (Significantly Overvalued). 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.

Oscar Health's operating assets for the quarter that ended in Mar. 2026 was $2,490 Mil. Oscar Health's operating liabilities for the quarter that ended in Mar. 2026 was $7,192 Mil. Oscar Health's Total Assets for the quarter that ended in Dec. 2025 was $6,325 Mil. Therefore, Oscar Health's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was -0.74.

OSCR
76GF Score
Oscar Health Inc OSCR
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Oscar Health 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.

Oscar Health'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 )
=(3551.26-4914.581)/4840.496
=-0.28

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=6325.411 - 2774.151
=3551.26

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5344.676 - 430.095 - 0
=4914.581

Oscar Health'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 )
=(2489.863-7191.722)/6325.411
=-0.74

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=9289.646 - 6799.783
=2489.863

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7622.598 - 430.876 - 0
=7191.722

* 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 -0.74 mean?
Oscar Health (OSCR) has a Scaled Net Operating Assets of -0.74 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 Oscar Health and its competitors.
Is Oscar Health's Scaled Net Operating Assets too high?
Oscar Health's current Scaled Net Operating Assets is -0.74. Overall, Oscar Health has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Oscar Health's Scaled Net Operating Assets compare to MOH and ALHC?
Oscar Health's Scaled Net Operating Assets of -0.74 can be compared against companies in the Healthcare Plans 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 Healthcare Plans company?
A good Scaled Net Operating Assets depends on the Healthcare Plans 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 Oscar Health and its competitors. Oscar Health's current Scaled Net Operating Assets is -0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oscar Health stock overvalued right now?
Based on GuruFocus' analysis, Oscar Health (OSCR) is currently considered Significantly Overvalued. The stock's GF Value™ is $21.26, compared to a current price of $30.91 — trading 45.4% above its estimated fair value. The current Scaled Net Operating Assets is -0.74. Oscar Health's overall GF Score™ is 76/100 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 Oscar Health (OSCR), the current Scaled Net Operating Assets is -0.74 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 Oscar Health (OSCR) Overvalued in 2026?

Based on GuruFocus' analysis, Oscar Health stock appears to be overvalued. The current stock price of $30.91 is trading 45.4% above its estimated GF Value™ of $21.26. GuruFocus considers Oscar Health to be Significantly Overvalued.

Key valuation signals for OSCR:

  • Scaled Net Operating Assets: -0.74
  • GF Value™: $21.26 vs. price of $30.91 (45.4% above fair value)
  • GF Score™: 76/100 with 5 warning signs

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

Oscar Health Business Description

Address 75 Varick Street, 5th Floor, New York, NY, USA, 10013
Oscar Health Inc is a healthcare technology company built around a full stack technology platform and a relentless focus on serving its members. It offers Individual & Family plans and health technology solutions that power the healthcare industry. Oscar operates as one segment to sell insurance to individuals, families and employees through the federal and state-run healthcare exchanges formed in conjunction with the Patient Protection and Affordable Care Act (ACA) and leverages its technology platform to provide services via its Oscar offering.
76GF 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.

$30.91
Price
$21.26
GF Value