SLM (SLM) Scaled Net Operating Assets: 0.10 (As of Mar. 2026)


SLM SLM Corp SLM
78 GF Score
Price $23.76
GF Value $23.95
Valuation Fairly Valued
! 2 Warning Signs
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What is SLM Scaled Net Operating Assets?

SLM SLM +2.24% 78 Scaled Net Operating Assets is 0.10 as of Mar. 2026. GuruFocus rates SLM with a GF Score™ of 78/100 and a GF Value™ of $23.95 (Fairly Valued). The stock has 2 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.

SLM's operating assets for the quarter that ended in Mar. 2026 was $23,708 Mil. SLM's operating liabilities for the quarter that ended in Mar. 2026 was $20,803 Mil. SLM's Total Assets for the quarter that ended in Dec. 2025 was $29,746 Mil. Therefore, SLM's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.10.

SLM
78GF Score
SLM Corp SLM
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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SLM 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.

SLM'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 )
=(25505.03-21434.028)/30072.11
=0.14

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=29746.295 - 4241.265
=25505.03

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=27294.937 - 5362.494 - 498.415
=21434.028

SLM'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 )
=(23708.247-20802.777)/29746.295
=0.10

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=29409.591 - 5701.344
=23708.247

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=26971.959 - 5670.293 - 498.889
=20802.777

* 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 0.10 mean?
SLM (SLM) has a Scaled Net Operating Assets of 0.10 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 SLM and its competitors.
Is SLM's Scaled Net Operating Assets too high?
SLM's current Scaled Net Operating Assets is 0.10. Overall, SLM has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SLM's Scaled Net Operating Assets compare to ENVA and SEZL?
SLM's Scaled Net Operating Assets of 0.10 can be compared against companies in the Credit Services 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 Credit Services company?
A good Scaled Net Operating Assets depends on the Credit Services 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 SLM and its competitors. SLM's current Scaled Net Operating Assets is 0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SLM stock overvalued right now?
Based on GuruFocus' analysis, SLM (SLM) is currently considered Fairly Valued. The stock's GF Value™ is $23.95, compared to a current price of $23.76 — trading 0.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.10. SLM's overall GF Score™ is 78/100 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 SLM (SLM), the current Scaled Net Operating Assets is 0.10 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 SLM (SLM) Overvalued in 2026?

Based on GuruFocus' analysis, SLM stock appears to be undervalued. The current stock price of $23.76 is trading 0.8% below its estimated GF Value™ of $23.95. GuruFocus considers SLM to be Fairly Valued.

Key valuation signals for SLM:

  • Scaled Net Operating Assets: 0.10
  • GF Value™: $23.95 vs. price of $23.76 (0.8% below fair value)
  • GF Score™: 78/100 with 2 warning signs

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

SLM Business Description

Other Exchanges SLMBP.PFD:USASM1:Germany
Address 300 Continental Drive, Newark, DE, USA, 19713
SLM Corp is an education solutions company. Its business is to originate and service loans to students and their families to finance the cost of their education. The term' Private Education Loans to mean education loans to students or their families that are not made, insured, or guaranteed by any state or federal government.
78GF 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.

$23.76
Price
$23.95
GF Value