Telefonica Brasil (STU:TSPA) Scaled Net Operating Assets: 0.66 (As of Mar. 2026)


STU:TSPA Telefonica Brasil SA STU:TSPA
85 GF Score
Price €11.50
GF Value €10.46
Valuation Fairly Valued
! 2 Warning Signs
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What is Telefonica Brasil Scaled Net Operating Assets?

Telefonica Brasil STU:TSPA +0.88% 85 Scaled Net Operating Assets is 0.66 as of Mar. 2026. GuruFocus rates STU:TSPA with a GF Score™ of 85/100 and a GF Value™ of €10.46 (Fairly Valued). The stock has 2 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.

Telefonica Brasil's operating assets for the quarter that ended in Mar. 2026 was €20,071 Mil. Telefonica Brasil's operating liabilities for the quarter that ended in Mar. 2026 was €6,755 Mil. Telefonica Brasil's Total Assets for the quarter that ended in Dec. 2025 was €20,048 Mil. Therefore, Telefonica Brasil's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.66.


Telefonica Brasil Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Telefonica Brasil'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.

Telefonica Brasil Scaled Net Operating Assets Chart

Telefonica Brasil 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 0.73 0.85 0.73 0.58 0.66

Telefonica Brasil 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 0.66 0.61 0.64 0.65 0.66

STU:TSPA vs TMUS, VZ, T: Scaled Net Operating Assets Comparison

For the Telecom Services subindustry, Telefonica Brasil'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.


Telefonica Brasil Scaled Net Operating Assets vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Telefonica Brasil's Scaled Net Operating Assets distribution charts can be found below:

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


STU:TSPA
85GF Score
Telefonica Brasil SA STU:TSPA
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Telefonica Brasil 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.

Telefonica Brasil'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 )
=(18931.207-6061.338)/19557.178
=0.66

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=20047.517 - 1116.31
=18931.207

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9246.276 - 2347.661 - 837.277
=6061.338

Telefonica Brasil'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 )
=(20070.56-6754.801)/20047.517
=0.66

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=21582.814 - 1512.254
=20070.56

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=10041.459 - 2427.777 - 858.881
=6754.801

* 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?
Telefonica Brasil (STU:TSPA) 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 Telefonica Brasil and its competitors.
Is Telefonica Brasil's Scaled Net Operating Assets too high?
Telefonica Brasil's current Scaled Net Operating Assets is 0.66. Overall, Telefonica Brasil has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Telefonica Brasil's Scaled Net Operating Assets compare to TMUS and VZ?
Telefonica Brasil's Scaled Net Operating Assets of 0.66 can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?
A good Scaled Net Operating Assets depends on the Telecommunication Services 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 Telefonica Brasil and its competitors. Telefonica Brasil'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 Telefonica Brasil stock overvalued right now?
Based on GuruFocus' analysis, Telefonica Brasil (STU:TSPA) is currently considered Fairly Valued. The stock's GF Value™ is €10.46, compared to a current price of €11.50 — trading 9.9% above its estimated fair value. The current Scaled Net Operating Assets is 0.66. Telefonica Brasil's overall GF Score™ is 85/100 with 2 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 Telefonica Brasil (STU:TSPA), 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 Telefonica Brasil (STU:TSPA) Overvalued in 2026?

Based on GuruFocus' analysis, Telefonica Brasil stock appears to be overvalued. The current stock price of €11.50 is trading 9.9% above its estimated GF Value™ of €10.46. GuruFocus considers Telefonica Brasil to be Fairly Valued.

Key valuation signals for STU:TSPA:

  • Scaled Net Operating Assets: 0.66
  • GF Value™: €10.46 vs. price of €11.50 (9.9% above fair value)
  • GF Score™: 85/100 with 2 warning signs

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


Telefonica Brasil Business Description

Address Avenida Engenheiro Luis Carlos Berrini, 1376, 32nd Floor, Sao Paulo, SP, BRA, 04571-936
Telefonica Brasil, known as Vivo, is the largest wireless carrier in Brazil with 103 million customers, which is equal to about 38% market share. The firm is strongest in the postpaid business, where it has 72 million customers, or about 40% share of this market. Wireless services and equipment contribute about 70% of total revenue. Vivo is the incumbent fixed-line telephone operator in Sao Paulo state and also owns an extensive fiber network across the country. The firm provides internet access to 8 million households on this network. The firm also sells pay-TV and phone services to its fixed-line customers. Finally, corporate data and IT services, including cloud computing support, contribute about 10% of total revenue.
85GF Score

Get the complete analysis for STU:TSPA

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

€11.50
Price
€10.46
GF Value