Almarai Co (SAU:2280) Scaled Net Operating Assets: 0.84 (As of Mar. 2026)


SAU:2280 Almarai Co SAU:2280
91 GF Score
Price ﷼46.60
GF Value ﷼62.56
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Almarai Co Scaled Net Operating Assets?

Almarai Co SAU:2280 -0.81% 91 Scaled Net Operating Assets is 0.84 as of Mar. 2026. GuruFocus rates SAU:2280 with a GF Score™ of 91/100 and a GF Value™ of ﷼62.56 (Modestly Undervalued). 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.

Almarai Co's operating assets for the quarter that ended in Mar. 2026 was ﷼40,918 Mil. Almarai Co's operating liabilities for the quarter that ended in Mar. 2026 was ﷼7,282 Mil. Almarai Co's Total Assets for the quarter that ended in Dec. 2025 was ﷼39,967 Mil. Therefore, Almarai Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.84.

Almarai Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Almarai Co'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.

Almarai Co Scaled Net Operating Assets Chart

Almarai Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.81 0.83 0.86 0.80 0.93

Almarai Co 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 0.85 0.83 0.86 0.83 0.84

SAU:2280 vs KHC, GIS: Scaled Net Operating Assets Comparison

For the Packaged Foods subindustry, Almarai Co'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.

Almarai Co Scaled Net Operating Assets vs Consumer Packaged Goods Industry

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

* The bar in red indicates where Almarai Co's Scaled Net Operating Assets falls into.


SAU:2280
91GF Score
Almarai Co SAU:2280
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Almarai Co 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.

Almarai Co'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 )
=(39443.859-6400.403)/35567.96
=0.93

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=39966.898 - 523.039
=39443.859

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=19439.662 - 11394.286 - 1644.973
=6400.403

Almarai Co'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 )
=(40917.91-7282.158)/39966.898
=0.84

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=42538.259 - 1620.349
=40917.91

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=21420.449 - 12463.106 - 1675.185
=7282.158

* 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 0.84 mean?
Almarai Co (SAU:2280) has a Scaled Net Operating Assets of 0.84 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 Almarai Co and its competitors.
Is Almarai Co's Scaled Net Operating Assets too high?
Almarai Co's current Scaled Net Operating Assets is 0.84. Overall, Almarai Co has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Almarai Co's Scaled Net Operating Assets compare to KHC and GIS?
Almarai Co's Scaled Net Operating Assets of 0.84 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 Almarai Co and its competitors. Almarai Co's current Scaled Net Operating Assets is 0.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Almarai Co stock overvalued right now?
Based on GuruFocus' analysis, Almarai Co (SAU:2280) is currently considered Modestly Undervalued. The stock's GF Value™ is ﷼62.56, compared to a current price of ﷼46.60 — trading 25.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.84. Almarai Co's overall GF Score™ is 91/100 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 Almarai Co (SAU:2280), the current Scaled Net Operating Assets is 0.84 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 Almarai Co (SAU:2280) Overvalued in 2026?

Based on GuruFocus' analysis, Almarai Co stock appears to be undervalued. The current stock price of ﷼46.60 is trading 25.5% below its estimated GF Value™ of ﷼62.56. GuruFocus considers Almarai Co to be Modestly Undervalued.

Key valuation signals for SAU:2280:

  • Scaled Net Operating Assets: 0.84
  • GF Value™: ﷼62.56 vs. price of ﷼46.60 (25.5% below fair value)
  • GF Score™: 91/100 with 5 warning signs

No single metric tells the full story. See the SAU:2280 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Almarai Co Business Description

Address Exit 7, North Ring Road, Al Izdihar District, P.O. Box 8524, Riyadh, SAU, 11492
Almarai Co is a manufacturer and distributor of quality food and beverages. Its product portfolio includes dairy products, juices, bakery items, poultry, and infant formula under the brands Almarai, Joosy Life, Beyti, Teeba, L'usine, 7days, Alyoum, and AlBashayer. Its segments include Dairy and Juice, covering milk, dairy, fruit juice, ice cream processing, and distribution; Bakery, covering the manufacturing and distribution of bakery products; Poultry, covering poultry products; and Other Activities, including arable farming, horticulture, infant nutrition, seafood, value-added meat products, and water. The majority of the revenue is derived from the Dairy and Juice segment, with the maximum revenue generated from Saudi Arabia.
91GF Score

Get the complete analysis for SAU:2280

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

﷼46.60
Price
﷼62.56
GF Value