Wynn Resorts (STU:WYR) Scaled Net Operating Assets: 0.73 (As of Mar. 2026)

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STU:WYR Wynn Resorts Ltd STU:WYR
78 GF Score
Price €84.08
GF Value €103.98
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Wynn Resorts Scaled Net Operating Assets?

Wynn Resorts STU:WYR -1.34% 78 Scaled Net Operating Assets is 0.73 as of Mar. 2026. GuruFocus rates STU:WYR with a GF Score™ of 78/100 and a GF Value™ of €103.98 (Modestly Undervalued). The stock has 4 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.

Wynn Resorts's operating assets for the quarter that ended in Mar. 2026 was €9,610 Mil. Wynn Resorts's operating liabilities for the quarter that ended in Mar. 2026 was €1,460 Mil. Wynn Resorts's Total Assets for the quarter that ended in Dec. 2025 was €11,194 Mil. Therefore, Wynn Resorts's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.73.


Wynn Resorts Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Wynn Resorts'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.

Wynn Resorts Scaled Net Operating Assets Chart

Wynn Resorts 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 0.68 0.72 0.62 0.65 0.63

Wynn Resorts 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 0.67 0.66 0.70 0.71 0.73

STU:WYR vs MGM, BYD, CZR: Scaled Net Operating Assets Comparison

For the Resorts & Casinos subindustry, Wynn Resorts'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.


Wynn Resorts Scaled Net Operating Assets vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Wynn Resorts's Scaled Net Operating Assets distribution charts can be found below:

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


STU:WYR
78GF Score
Wynn Resorts Ltd STU:WYR
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Wynn Resorts 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.

Wynn Resorts'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 )
=(9430.653-1676.801)/12393.955
=0.63

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=11194.332 - 1763.679
=9430.653

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=12075.044 - 10390.207 - 8.036
=1676.801

Wynn Resorts'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 )
=(9610.212-1459.924)/11194.332
=0.73

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=11163.083 - 1552.871
=9610.212

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=11978.207 - 10044.401 - 473.882
=1459.924

* 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 0.73 mean?
Wynn Resorts (STU:WYR) has a Scaled Net Operating Assets of 0.73 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 Wynn Resorts and its competitors.
Is Wynn Resorts' Scaled Net Operating Assets too high?
Wynn Resorts' current Scaled Net Operating Assets is 0.73. Overall, Wynn Resorts has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Wynn Resorts' Scaled Net Operating Assets compare to MGM and BYD?
Wynn Resorts' Scaled Net Operating Assets of 0.73 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Scaled Net Operating Assets depends on the Travel & Leisure 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 Wynn Resorts and its competitors. Wynn Resorts's current Scaled Net Operating Assets is 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wynn Resorts stock overvalued right now?
Based on GuruFocus' analysis, Wynn Resorts (STU:WYR) is currently considered Modestly Undervalued. The stock's GF Value™ is €103.98, compared to a current price of €84.08 — trading 19.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.73. Wynn Resorts' overall GF Score™ is 78/100 with 4 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 Wynn Resorts (STU:WYR), the current Scaled Net Operating Assets is 0.73 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 Wynn Resorts (STU:WYR) Overvalued in 2026?

Based on GuruFocus' analysis, Wynn Resorts stock appears to be undervalued. The current stock price of €84.08 is trading 19.1% below its estimated GF Value™ of €103.98. GuruFocus considers Wynn Resorts to be Modestly Undervalued.

Key valuation signals for STU:WYR:

  • Scaled Net Operating Assets: 0.73
  • GF Value™: €103.98 vs. price of €84.08 (19.1% below fair value)
  • GF Score™: 78/100 with 4 warning signs

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


Wynn Resorts Business Description

Address 3131 Las Vegas Boulevard South, Las Vegas, NV, USA, 89109
Wynn Resorts operates luxury casinos and resorts. The company was founded in 2002 by Steve Wynn, the former CEO. The company operates four megaresorts: Wynn Macau and Encore in Macao and Wynn Las Vegas and Encore in Las Vegas. Cotai Palace opened in August 2016 in Macao, and Encore Boston Harbor in Massachusetts opened June 2019. We expect the company to continue to build nongaming rooms and attractions in Macao over the next few years, including a new 432-suite tower adjacent to its Palace resort opening in 2029. We model Wynn's managed integrated resort in the United Arab Emirates to open in 2027. The company received 49% and 51% of its 2025 prepandemic EBITDA from Macao and the US, respectively.
78GF Score

Get the complete analysis for STU:WYR

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

€84.08
Price
€103.98
GF Value