Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Rheinmetall AG's operating assets for the quarter that ended in Mar. 2026 was $21,129 Mil. Rheinmetall AG's operating liabilities for the quarter that ended in Mar. 2026 was $13,218 Mil. Rheinmetall AG's Total Assets for the quarter that ended in Dec. 2025 was $19,639 Mil. Therefore, Rheinmetall AG's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.40.
Rheinmetall AG Scaled Net Operating Assets Related Terms
Rheinmetall AG Scaled Net Operating Assets Historical Data
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The historical data trend for Rheinmetall AG'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.
RNMBF vs GE, RTX, BA: Scaled Net Operating Assets Comparison
For the Aerospace & Defense subindustry, Rheinmetall AG'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.
Rheinmetall AG Scaled Net Operating Assets vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Rheinmetall AG's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Rheinmetall AG's Scaled Net Operating Assets falls into.
* 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 0.40 mean?
Rheinmetall AG (RNMBF) has a Scaled Net Operating Assets of 0.40 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 Rheinmetall AG and its competitors.
Is Rheinmetall AG's Scaled Net Operating Assets too high?
Rheinmetall AG's current Scaled Net Operating Assets is 0.40. Overall, Rheinmetall AG has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Rheinmetall AG's Scaled Net Operating Assets compare to GE and RTX?
Rheinmetall AG's Scaled Net Operating Assets of 0.40 can be compared against companies in the Aerospace & Defense 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 Aerospace & Defense company?
A good Scaled Net Operating Assets depends on the Aerospace & Defense 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 Rheinmetall AG and its competitors. Rheinmetall AG's current Scaled Net Operating Assets is 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rheinmetall AG stock overvalued right now?
Based on GuruFocus' analysis, Rheinmetall AG (RNMBF) is currently considered Modestly Overvalued. The stock's GF Value™ is $910.97, compared to a current price of $1,077.50 — trading 18.3% above its estimated fair value. The current Scaled Net Operating Assets is 0.40. Rheinmetall AG's overall GF Score™ is 76/100 with 2 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 Rheinmetall AG (RNMBF), the current Scaled Net Operating Assets is 0.40 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 Rheinmetall AG (RNMBF) Overvalued in 2026?
Based on GuruFocus' analysis, Rheinmetall AG stock appears to be overvalued.
The current stock price of $1,077.50 is trading 18.3% above its estimated GF Value™ of $910.97.
GuruFocus considers Rheinmetall AG to be Modestly Overvalued.
Key valuation signals for RNMBF:
Scaled Net Operating Assets: 0.40
GF Value™: $910.97 vs. price of $1,077.50 (18.3% above fair value)
No single metric tells the full story. See the RNMBF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rheinmetall is an international group active in various markets with leading technological products and services. The sales focus is on the security technology and mobility segments. Since February 2021, the group structure has been made up of five divisions—vehicle systems, weapons and ammunition, electronic solutions, sensors and actuators, and materials and trade. The vehicle systems, weapons and ammunition, and electronic solutions divisions are among the defense and security industry's leading suppliers of innovative products to German and international defense forces. The sensors and actuators, and materials and trade divisions' core area of expertise is the reduction of emissions, pollutants, and fuel consumption.
76GF Score
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