SSPPF (SSP Group) Scaled Net Operating Assets: 0.66 (As of Mar. 2026)


SSPPF SSP Group PLC SSPPF
75 GF Score
Price $2.16
GF Value $2.23
Valuation Modestly Undervalued
! 9 Warning Signs
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What is SSP Group Scaled Net Operating Assets?

SSP Group SSPPF 75 Scaled Net Operating Assets is 0.66 as of Mar. 2026. GuruFocus rates SSPPF with a GF Score™ of 75/100 and a GF Value™ of $2.23 (Modestly Undervalued). The stock has 9 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.

SSP Group's operating assets for the quarter that ended in Mar. 2026 was $4,217 Mil. SSP Group's operating liabilities for the quarter that ended in Mar. 2026 was $1,156 Mil. SSP Group's Total Assets for the quarter that ended in Sep. 2025 was $4,627 Mil. Therefore, SSP Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.66.


SSP Group Scaled Net Operating Assets Historical Data

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The historical data trend for SSP Group'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.

SSP Group Scaled Net Operating Assets Chart

SSP Group Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.65 0.38 0.68 0.76 0.67

SSP Group Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.69 0.74 0.69 0.67 0.66

SSPPF vs MCD, SBUX, CMG: Scaled Net Operating Assets Comparison

For the Restaurants subindustry, SSP Group'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.


SSP Group Scaled Net Operating Assets vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, SSP Group's Scaled Net Operating Assets distribution charts can be found below:

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


SSPPF
75GF Score
SSP Group PLC SSPPF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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SSP Group 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.

SSP Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Sep. 2025 )
=(Operating Assets (A: Sep. 2025 )-Operating Liabilities (A: Sep. 2025 ))/Total Assets (A: Sep. 2024 )
=(4165-1346.352)/4196.958
=0.67

where

Operating Assets(A: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4627.162 - 462.162
=4165

Operating Liabilities(A: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4263.784 - 2322.297 - 595.135
=1346.352

SSP Group'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: Sep. 2025 )
=(4216.534-1156)/4627.162
=0.66

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4537.467 - 320.933
=4216.534

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4270.933 - 2328.933 - 786
=1156

* 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 0.66 mean?
SSP Group (SSPPF) has a Scaled Net Operating Assets of 0.66 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 SSP Group and its competitors.
Is SSP Group's Scaled Net Operating Assets too high?
SSP Group's current Scaled Net Operating Assets is 0.66. Overall, SSP Group has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SSP Group's Scaled Net Operating Assets compare to MCD and SBUX?
SSP Group's Scaled Net Operating Assets of 0.66 can be compared against companies in the Restaurants 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 Restaurants company?
A good Scaled Net Operating Assets depends on the Restaurants 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 SSP Group and its competitors. SSP Group's current Scaled Net Operating Assets is 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SSP Group stock overvalued right now?
Based on GuruFocus' analysis, SSP Group (SSPPF) is currently considered Modestly Undervalued. The stock's GF Value™ is $2.23, compared to a current price of $2.16 — trading 3.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.66. SSP Group's overall GF Score™ is 75/100 with 9 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 SSP Group (SSPPF), the current Scaled Net Operating Assets is 0.66 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 SSP Group (SSPPF) Overvalued in 2026?

Based on GuruFocus' analysis, SSP Group stock appears to be undervalued. The current stock price of $2.16 is trading 3.3% below its estimated GF Value™ of $2.23. GuruFocus considers SSP Group to be Modestly Undervalued.

Key valuation signals for SSPPF:

  • Scaled Net Operating Assets: 0.66
  • GF Value™: $2.23 vs. price of $2.16 (3.3% below fair value)
  • GF Score™: 75/100 with 9 warning signs

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


SSP Group Business Description

Other Exchanges SSPGl:UKSSPG:UK83S2:Germany
Address 32 Jamestown Road, Jamestown Wharf, London, GBR, NW1 7HW
SSP Group PLC operates food and beverage units in travel locations such as airports and railway stations. Units range from coffee shops and sandwich bars to casual and fine-dining restaurants. Its units operate under more than 300 different brand names, including both proprietary brands and franchised brands, such as Starbucks and Burger King. Its segments include the UK and Ireland, Continental Europe, North America, and Asia Pacific and Eastern Europe & Middle East (APAC & EEME).
75GF 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.

$2.16
Price
$2.23
GF Value