Boot Barn Holdings (STU:OBB) Scaled Net Operating Assets: 0.82 (As of Mar. 2026)


STU:OBB Boot Barn Holdings Inc STU:OBB
96 GF Score
Price €141.05
GF Value €151.42
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Boot Barn Holdings Scaled Net Operating Assets?

Boot Barn Holdings STU:OBB +2.54% 96 Scaled Net Operating Assets is 0.82 as of Mar. 2026. GuruFocus rates STU:OBB with a GF Score™ of 96/100 and a GF Value™ of €151.42 (Fairly Valued). The stock has 3 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.

Boot Barn Holdings's operating assets for the quarter that ended in Mar. 2026 was €1,997 Mil. Boot Barn Holdings's operating liabilities for the quarter that ended in Mar. 2026 was €310 Mil. Boot Barn Holdings's Total Assets for the quarter that ended in Dec. 2025 was €2,048 Mil. Therefore, Boot Barn Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.82.


Boot Barn Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Boot Barn Holdings'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.

Boot Barn Holdings Scaled Net Operating Assets Chart

Boot Barn Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.03 1.03 0.87 0.96 0.90

Boot Barn Holdings 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 0.78 0.78 0.85 0.79 0.82

STU:OBB vs URBN, ANF, VSXY: Scaled Net Operating Assets Comparison

For the Apparel Retail subindustry, Boot Barn Holdings'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.


Boot Barn Holdings Scaled Net Operating Assets vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Boot Barn Holdings's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Boot Barn Holdings's Scaled Net Operating Assets falls into.


STU:OBB
96GF Score
Boot Barn Holdings Inc STU:OBB
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Boot Barn Holdings 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.

Boot Barn Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(1997.319-309.616)/1866.669
=0.90

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2119.315 - 121.996
=1997.319

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=978.677 - 591.433 - 77.628
=309.616

Boot Barn Holdings'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 )
=(1997.319-309.616)/2048.281
=0.82

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2119.315 - 121.996
=1997.319

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=978.677 - 591.433 - 77.628
=309.616

* 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 0.82 mean?
Boot Barn Holdings (STU:OBB) has a Scaled Net Operating Assets of 0.82 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 Boot Barn Holdings and its competitors.
Is Boot Barn Holdings' Scaled Net Operating Assets too high?
Boot Barn Holdings' current Scaled Net Operating Assets is 0.82. Overall, Boot Barn Holdings has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Boot Barn Holdings' Scaled Net Operating Assets compare to URBN and ANF?
Boot Barn Holdings' Scaled Net Operating Assets of 0.82 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Scaled Net Operating Assets depends on the Retail - Cyclical 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 Boot Barn Holdings and its competitors. Boot Barn Holdings's current Scaled Net Operating Assets is 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boot Barn Holdings stock overvalued right now?
Based on GuruFocus' analysis, Boot Barn Holdings (STU:OBB) is currently considered Fairly Valued. The stock's GF Value™ is €151.42, compared to a current price of €141.05 — trading 6.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.82. Boot Barn Holdings' overall GF Score™ is 96/100 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 Boot Barn Holdings (STU:OBB), the current Scaled Net Operating Assets is 0.82 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 Boot Barn Holdings (STU:OBB) Overvalued in 2026?

Based on GuruFocus' analysis, Boot Barn Holdings stock appears to be undervalued. The current stock price of €141.05 is trading 6.8% below its estimated GF Value™ of €151.42. GuruFocus considers Boot Barn Holdings to be Fairly Valued.

Key valuation signals for STU:OBB:

  • Scaled Net Operating Assets: 0.82
  • GF Value™: €151.42 vs. price of €141.05 (6.8% below fair value)
  • GF Score™: 96/100 with 3 warning signs

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


Boot Barn Holdings Business Description

Other Exchanges BOOT:USA
Address 17100 Laguna Canyon Road, Irvine, CA, USA, 92618
Boot Barn Holdings Inc operates specialty retail stores that sell western and work boots and related apparel and accessories. The Company operates retail locations throughout the U.S. and sells its merchandise via the Internet. The Company operates a total of approximately 539 stores in 49 states. All stores operated under the Boot Barn name.
96GF Score

Get the complete analysis for STU:OBB

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

€141.05
Price
€151.42
GF Value