TDS (Telephone and Data Systems) Scaled Net Operating Assets: 0.61 (As of Mar. 2026)


TDS Telephone and Data Systems Inc TDS
64 GF Score
Price $38.45
GF Value $32.81
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Telephone and Data Systems Scaled Net Operating Assets?

Telephone and Data Systems TDS +3.25% 64 Scaled Net Operating Assets is 0.61 as of Mar. 2026. GuruFocus rates TDS with a GF Score™ of 64/100 and a GF Value™ of $32.81 (Modestly Overvalued). The stock has 5 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.

Telephone and Data Systems's operating assets for the quarter that ended in Mar. 2026 was $6,845 Mil. Telephone and Data Systems's operating liabilities for the quarter that ended in Mar. 2026 was $1,693 Mil. Telephone and Data Systems's Total Assets for the quarter that ended in Dec. 2025 was $8,398 Mil. Therefore, Telephone and Data Systems's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.61.


Telephone and Data Systems Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Telephone and Data Systems'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.

Telephone and Data Systems Scaled Net Operating Assets Chart

Telephone and Data Systems 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 0.83 0.82 0.75 0.61 0.43

Telephone and Data Systems 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 0.77 0.43 0.69 0.61

TDS vs AD, LBTYA, LBRDA: Scaled Net Operating Assets Comparison

For the Telecom Services subindustry, Telephone and Data Systems'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.


Telephone and Data Systems Scaled Net Operating Assets vs Telecommunication Services Industry

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

* The bar in red indicates where Telephone and Data Systems's Scaled Net Operating Assets falls into.


TDS
64GF Score
Telephone and Data Systems Inc TDS
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Telephone and Data Systems 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.

Telephone and Data Systems'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 )
=(7632.351-1726.515)/13682.232
=0.43

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=8398.303 - 765.952
=7632.351

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3130.95 - 1372.981 - 31.454
=1726.515

Telephone and Data Systems'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 )
=(6844.723-1693.497)/8398.303
=0.61

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=8211.327 - 1366.604
=6844.723

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2948.429 - 1221.12 - 33.812
=1693.497

* 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 0.61 mean?
Telephone and Data Systems (TDS) has a Scaled Net Operating Assets of 0.61 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 Telephone and Data Systems and its competitors.
Is Telephone and Data Systems' Scaled Net Operating Assets too high?
Telephone and Data Systems' current Scaled Net Operating Assets is 0.61. Overall, Telephone and Data Systems has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Telephone and Data Systems' Scaled Net Operating Assets compare to AD and LBTYA?
Telephone and Data Systems' Scaled Net Operating Assets of 0.61 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 Telephone and Data Systems and its competitors. Telephone and Data Systems's current Scaled Net Operating Assets is 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telephone and Data Systems stock overvalued right now?
Based on GuruFocus' analysis, Telephone and Data Systems (TDS) is currently considered Modestly Overvalued. The stock's GF Value™ is $32.81, compared to a current price of $38.45 — trading 17.2% above its estimated fair value. The current Scaled Net Operating Assets is 0.61. Telephone and Data Systems' overall GF Score™ is 64/100 with 5 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 Telephone and Data Systems (TDS), the current Scaled Net Operating Assets is 0.61 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 Telephone and Data Systems (TDS) Overvalued in 2026?

Based on GuruFocus' analysis, Telephone and Data Systems stock appears to be overvalued. The current stock price of $38.45 is trading 17.2% above its estimated GF Value™ of $32.81. GuruFocus considers Telephone and Data Systems to be Modestly Overvalued.

Key valuation signals for TDS:

  • Scaled Net Operating Assets: 0.61
  • GF Value™: $32.81 vs. price of $38.45 (17.2% above fair value)
  • GF Score™: 64/100 with 5 warning signs

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


Telephone and Data Systems Business Description

Other Exchanges TDSpU.PFD:USA
Address 30 North LaSalle Street, Suite 4000, Chicago, IL, USA, 60602
Telephone and Data Systems Inc is a diversified telecommunications operator that provides communications services to customers through broadband, video, voice, and wireless connections. The company has two reportable segments: TDS Telecom and Array. The majority of its revenue is generated from the TDS Telecom segment, which generates revenue by providing broadband, video, voice, and wireless services. The Array segment generates its revenue mainly by leasing tower space on Array-owned towers to customers.
64GF 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.

$38.45
Price
$32.81
GF Value