Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Imperial Brands's operating assets for the quarter that ended in Mar. 2026 was €31,988 Mil. Imperial Brands's operating liabilities for the quarter that ended in Mar. 2026 was €14,293 Mil. Imperial Brands's Total Assets for the quarter that ended in Sep. 2025 was €33,061 Mil. Therefore, Imperial Brands's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.54.
Imperial Brands Scaled Net Operating Assets Related Terms
Imperial Brands Scaled Net Operating Assets Historical Data
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The historical data trend for Imperial Brands'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.
STU:ITBA vs PM, MO, TPB: Scaled Net Operating Assets Comparison
For the Tobacco subindustry, Imperial Brands'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.
Imperial Brands Scaled Net Operating Assets vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, Imperial Brands's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Imperial Brands's Scaled Net Operating Assets falls into.
* 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 0.54 mean?
Imperial Brands (STU:ITBA) has a Scaled Net Operating Assets of 0.54 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 Imperial Brands and its competitors.
Is Imperial Brands' Scaled Net Operating Assets too high?
Imperial Brands' current Scaled Net Operating Assets is 0.54. Overall, Imperial Brands has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Imperial Brands' Scaled Net Operating Assets compare to PM and MO?
Imperial Brands' Scaled Net Operating Assets of 0.54 can be compared against companies in the Tobacco Products 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 Tobacco Products company?
A good Scaled Net Operating Assets depends on the Tobacco Products 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 Imperial Brands and its competitors. Imperial Brands's current Scaled Net Operating Assets is 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Imperial Brands stock overvalued right now?
Imperial Brands (STU:ITBA) has a current Scaled Net Operating Assets of 0.54. The stock's GF Value™ is €20.71, compared to a current price of €32.40 — trading 56.4% above its estimated fair value. The current Scaled Net Operating Assets is 0.54. Imperial Brands' overall GF Score™ is 72/100 with 3 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 Imperial Brands (STU:ITBA), the current Scaled Net Operating Assets is 0.54 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 Imperial Brands (STU:ITBA) Overvalued in 2026?
Based on GuruFocus' analysis, Imperial Brands stock appears to be overvalued.
The current stock price of €32.40 is trading 56.4% above its estimated GF Value™ of €20.71.
Key valuation signals for STU:ITBA:
Scaled Net Operating Assets: 0.54
GF Value™: €20.71 vs. price of €32.40 (56.4% above fair value)
No single metric tells the full story. See the STU:ITBA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Imperial Brands is the world's fourth-largest international tobacco company (excluding China National Tobacco), with total fiscal 2025 volume of 187 billion cigarettes sold in more than 120 countries. Its largest and most important markets are the US (where it sits as the third-largest manufacturer, following its acquisition of the Winston and Blu brands), Germany, the UK, Spain, and Australia. The firm also holds a leading global position in the fine-cut tobacco and hand-rolling paper categories. It has a logistics platform in Western Europe, Altadis.
72GF Score
Get the complete analysis for STU:ITBA
Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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