STAG (Stag Industrial) Scaled Net Operating Assets: 0.96 (As of Mar. 2026)


STAG Stag Industrial Inc STAG
83 GF Score
Price $39.42
GF Value $40.82
Valuation Fairly Valued
! 7 Warning Signs
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What is Stag Industrial Scaled Net Operating Assets?

Stag Industrial STAG +0.84% 83 Scaled Net Operating Assets is 0.96 as of Mar. 2026. GuruFocus rates STAG with a GF Score™ of 83/100 and a GF Value™ of $40.82 (Fairly Valued). The stock has 7 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.

Stag Industrial's operating assets for the quarter that ended in Mar. 2026 was $7,174.7 Mil. Stag Industrial's operating liabilities for the quarter that ended in Mar. 2026 was $289.9 Mil. Stag Industrial's Total Assets for the quarter that ended in Dec. 2025 was $7,208.1 Mil. Therefore, Stag Industrial's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.96.


Stag Industrial Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Stag Industrial'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.

Stag Industrial Scaled Net Operating Assets Chart

Stag Industrial 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 1.20 1.02 0.98 1.04 1.02

Stag Industrial 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 0.97 0.96 0.97 1.01 0.96

STAG vs REXR, TRNO, FR: Scaled Net Operating Assets Comparison

For the REIT - Industrial subindustry, Stag Industrial'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.


Stag Industrial Scaled Net Operating Assets vs REITs Industry

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

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


STAG
83GF Score
Stag Industrial Inc STAG
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Stag Industrial 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.

Stag Industrial'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 )
=(7193.159-245.685)/6833.335
=1.02

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=7208.069 - 14.91
=7193.159

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3537.04 - 3029.355 - 262
=245.685

Stag Industrial'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 )
=(7174.71-289.863)/7208.069
=0.96

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=7183.566 - 8.856
=7174.71

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3519.342 - 3029.479 - 200
=289.863

* 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 0.96 mean?
Stag Industrial (STAG) has a Scaled Net Operating Assets of 0.96 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 Stag Industrial and its competitors.
Is Stag Industrial's Scaled Net Operating Assets too high?
Stag Industrial's current Scaled Net Operating Assets is 0.96. Overall, Stag Industrial has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Stag Industrial's Scaled Net Operating Assets compare to REXR and TRNO?
Stag Industrial's Scaled Net Operating Assets of 0.96 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 Stag Industrial and its competitors. Stag Industrial's current Scaled Net Operating Assets is 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stag Industrial stock overvalued right now?
Based on GuruFocus' analysis, Stag Industrial (STAG) is currently considered Fairly Valued. The stock's GF Value™ is $40.82, compared to a current price of $39.42 — trading 3.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.96. Stag Industrial's overall GF Score™ is 83/100 with 7 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 Stag Industrial (STAG), the current Scaled Net Operating Assets is 0.96 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 Stag Industrial (STAG) Overvalued in 2026?

Based on GuruFocus' analysis, Stag Industrial stock appears to be undervalued. The current stock price of $39.42 is trading 3.4% below its estimated GF Value™ of $40.82. GuruFocus considers Stag Industrial to be Fairly Valued.

Key valuation signals for STAG:

  • Scaled Net Operating Assets: 0.96
  • GF Value™: $40.82 vs. price of $39.42 (3.4% below fair value)
  • GF Score™: 83/100 with 7 warning signs

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


Stag Industrial Business Description

Industry Real EstateREITs
Address One Federal Street, 23rd Floor, Boston, MA, USA, 02110
Stag Industrial Inc is a REIT focused on the acquisition, ownership, development, and operation of industrial properties throughout the United States. Its platform is designed to (i) identify properties for acquisition that offer attractive returns across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants, (ii) provide growth through the ownership of high-quality assets, property management and pursuit of acquisitions in an attractive opportunity set, and (iii) capitalize its business appropriately given the characteristics of its assets. The majority of its portfolio is single-tenant industrial properties throughout the United States. The company derives the majority of its rental revenue from its facilities located in Midwestern and Eastern U.S. cities.
83GF 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.

$39.42
Price
$40.82
GF Value