SSSAF (Shurgard Self Storage) Scaled Net Operating Assets: 0.88 (As of Dec. 2025)


SSSAF Shurgard Self Storage Ltd SSSAF
75 GF Score
Price $28.50
GF Value $51.59
Valuation Possible Value Trap
! 6 Warning Signs
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What is Shurgard Self Storage Scaled Net Operating Assets?

Shurgard Self Storage SSSAF +3.64% 75 Scaled Net Operating Assets is 0.88 as of Dec. 2025. GuruFocus rates SSSAF with a GF Score™ of 75/100 and a GF Value™ of $51.59 (Possible Value Trap). The stock has 6 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.

Shurgard Self Storage's operating assets for the quarter that ended in Dec. 2025 was $8,454.3 Mil. Shurgard Self Storage's operating liabilities for the quarter that ended in Dec. 2025 was $1,229.6 Mil. Shurgard Self Storage's Total Assets for the quarter that ended in Jun. 2025 was $8,164.3 Mil. Therefore, Shurgard Self Storage's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.88.


Shurgard Self Storage Scaled Net Operating Assets Historical Data

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The historical data trend for Shurgard Self Storage'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.

Shurgard Self Storage Scaled Net Operating Assets Chart

Shurgard Self Storage 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 0.88 0.84 0.94 0.99 1.04

Shurgard Self Storage Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.89 0.85 0.94 0.98 0.89

SSSAF vs EQIX, AMT, DLR: Scaled Net Operating Assets Comparison

For the REIT - Specialty subindustry, Shurgard Self Storage'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.


Shurgard Self Storage Scaled Net Operating Assets vs REITs Industry

For the REITs industry and Real Estate sector, Shurgard Self Storage's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Shurgard Self Storage's Scaled Net Operating Assets falls into.


SSSAF
75GF Score
Shurgard Self Storage Ltd SSSAF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Shurgard Self Storage 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.

Shurgard Self Storage'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 )
=(8454.264-1229.563)/6935.242
=1.04

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=8519.789 - 65.525
=8454.264

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3220.939 - 1866.266 - 125.11
=1229.563

Shurgard Self Storage's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(8454.264-1229.563)/8164.343
=0.88

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=8519.789 - 65.525
=8454.264

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3220.939 - 1866.266 - 125.11
=1229.563

* 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 0.88 mean?
Shurgard Self Storage (SSSAF) has a Scaled Net Operating Assets of 0.88 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Shurgard Self Storage and its competitors.
Is Shurgard Self Storage's Scaled Net Operating Assets too high?
Shurgard Self Storage's current Scaled Net Operating Assets is 0.88. Overall, Shurgard Self Storage has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shurgard Self Storage's Scaled Net Operating Assets compare to EQIX and AMT?
Shurgard Self Storage's Scaled Net Operating Assets of 0.88 can be compared against companies in the REITs 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 REITs company?
A good Scaled Net Operating Assets depends on the REITs 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 Shurgard Self Storage and its competitors. Shurgard Self Storage's current Scaled Net Operating Assets is 0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shurgard Self Storage stock overvalued right now?
Based on GuruFocus' analysis, Shurgard Self Storage (SSSAF) is currently considered Possible Value Trap. The stock's GF Value™ is $51.59, compared to a current price of $28.50 — trading 44.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.88. Shurgard Self Storage's overall GF Score™ is 75/100 with 6 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 Shurgard Self Storage (SSSAF), the current Scaled Net Operating Assets is 0.88 as of Dec. 2025. 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 Shurgard Self Storage (SSSAF) Overvalued in 2026?

Based on GuruFocus' analysis, Shurgard Self Storage stock appears to be undervalued. The current stock price of $28.50 is trading 44.8% below its estimated GF Value™ of $51.59. GuruFocus considers Shurgard Self Storage to be Possible Value Trap.

Key valuation signals for SSSAF:

  • Scaled Net Operating Assets: 0.88
  • GF Value™: $51.59 vs. price of $28.50 (44.8% below fair value)
  • GF Score™: 75/100 with 6 warning signs

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


Shurgard Self Storage Business Description

Industry Real EstateREITs
Address Admiral Park, St Peters Port, Ground Floor, Plaza House, Guernsey, GGY, GY1 2HU
Shurgard Self Storage Ltd is an owner and operator of self-storage centers. The company has two reportable segments namely Same Stores and Non-Same Stores. It generates maximum revenue from the Same Stores segment. Geographically, the company derives the majority revenue from UK and also has a presence in the Netherlands, France, Sweden, Belgium, Germany and Denmark among others. It generates revenue through the lease of storage units and related activities, including insurance referrals and the sale of storage products and packaging.
75GF Score

Get the complete analysis for SSSAF

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

$28.50
Price
$51.59
GF Value