SWSDF (Swiss Life Holding AG) Scaled Net Operating Assets: -0.18 (As of Dec. 2025)


SWSDF Swiss Life Holding AG SWSDF
70 GF Score
Price $1,053.30
GF Value $950.27
Valuation Fairly Valued
! 8 Warning Signs
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What is Swiss Life Holding AG Scaled Net Operating Assets?

Swiss Life Holding AG SWSDF -2.44% 70 Scaled Net Operating Assets is -0.18 as of Dec. 2025. GuruFocus rates SWSDF with a GF Score™ of 70/100 and a GF Value™ of $950.27 (Fairly Valued). The stock has 8 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.

Swiss Life Holding AG's operating assets for the quarter that ended in Dec. 2025 was $206,519 Mil. Swiss Life Holding AG's operating liabilities for the quarter that ended in Dec. 2025 was $253,202 Mil. Swiss Life Holding AG's Total Assets for the quarter that ended in Jun. 2025 was $265,846 Mil. Therefore, Swiss Life Holding AG's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was -0.18.

SWSDF
70GF Score
Swiss Life Holding AG SWSDF
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Swiss Life Holding AG 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.

Swiss Life Holding AG'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 )
=(268363.66-253202.409)/245550.695
=0.06

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=274971.766 - 6608.106
=268363.66

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=265586.648 - 12384.239 - 0
=253202.409

Swiss Life Holding AG's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(206519.012-253202.409)/265846.04
=-0.18

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=274971.766 - 68452.754
=206519.012

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=265586.648 - 12384.239 - 0
=253202.409

* 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 -0.18 mean?
Swiss Life Holding AG (SWSDF) has a Scaled Net Operating Assets of -0.18 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Swiss Life Holding AG and its competitors.
Is Swiss Life Holding AG's Scaled Net Operating Assets too high?
Swiss Life Holding AG's current Scaled Net Operating Assets is -0.18. Overall, Swiss Life Holding AG has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Swiss Life Holding AG's Scaled Net Operating Assets compare to BRK.A and AIG?
Swiss Life Holding AG's Scaled Net Operating Assets of -0.18 can be compared against companies in the Insurance 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 an Insurance company?
A good Scaled Net Operating Assets depends on the Insurance 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 Swiss Life Holding AG and its competitors. Swiss Life Holding AG's current Scaled Net Operating Assets is -0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Swiss Life Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Swiss Life Holding AG (SWSDF) is currently considered Fairly Valued. The stock's GF Value™ is $950.27, compared to a current price of $1,053.30 — trading 10.8% above its estimated fair value. The current Scaled Net Operating Assets is -0.18. Swiss Life Holding AG's overall GF Score™ is 70/100 with 8 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 Swiss Life Holding AG (SWSDF), the current Scaled Net Operating Assets is -0.18 as of Dec. 2025. 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 Swiss Life Holding AG (SWSDF) Overvalued in 2026?

Based on GuruFocus' analysis, Swiss Life Holding AG stock appears to be overvalued. The current stock price of $1,053.30 is trading 10.8% above its estimated GF Value™ of $950.27. GuruFocus considers Swiss Life Holding AG to be Fairly Valued.

Key valuation signals for SWSDF:

  • Scaled Net Operating Assets: -0.18
  • GF Value™: $950.27 vs. price of $1,053.30 (10.8% above fair value)
  • GF Score™: 70/100 with 8 warning signs

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

Swiss Life Holding AG Business Description

Address General-Guisan-Quai 40, P.O. Box 2831, Zurich, CHE, CH-8022
Swiss Life is predominantly a life and long-term savings company that generates the main share of its revenue and earnings from its domestic market of Switzerland. The company also operates in France, Germany, and a few smaller but wealthy European countries. The company has an asset manager as well. Swiss Life has three main sources of income that vary in significance by geography. Savings income relates to spread-based earnings, the risk result relates to a margin on insurance products, and the fee result relates to fees from asset management, financial advice, and unit-linked sales. The fee result has been growing in importance over time.
70GF 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.

$1,053.30
Price
$950.27
GF Value