Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Tesco's operating assets for the quarter that ended in Feb. 2026 was $48,014 Mil. Tesco's operating liabilities for the quarter that ended in Feb. 2026 was $17,577 Mil. Tesco's Total Assets for the quarter that ended in Aug. 2025 was $53,178 Mil. Therefore, Tesco's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.57.
Tesco Scaled Net Operating Assets Related Terms
Tesco Scaled Net Operating Assets Historical Data
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The historical data trend for Tesco'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.
TSCDY.PK vs KR, SFM, ACI: Scaled Net Operating Assets Comparison
For the Grocery Stores subindustry, Tesco'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.
Tesco Scaled Net Operating Assets vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Tesco's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Tesco's Scaled Net Operating Assets falls into.
* 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 0.57 mean?
Tesco (TSCDY) has a Scaled Net Operating Assets of 0.57 as of Feb. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Tesco and its competitors.
Is Tesco's Scaled Net Operating Assets too high?
Tesco's current Scaled Net Operating Assets is 0.57. Overall, Tesco has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tesco's Scaled Net Operating Assets compare to KR and SFM?
Tesco's Scaled Net Operating Assets of 0.57 can be compared against companies in the Retail - Defensive 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 - Defensive company?
A good Scaled Net Operating Assets depends on the Retail - Defensive 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 Tesco and its competitors. Tesco's current Scaled Net Operating Assets is 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tesco stock overvalued right now?
Based on GuruFocus' analysis, Tesco (TSCDY) is currently considered Modestly Overvalued. The stock's GF Value™ is $15.77, compared to a current price of $18.04 — trading 14.4% above its estimated fair value. The current Scaled Net Operating Assets is 0.57. Tesco's overall GF Score™ is 80/100 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 Tesco (TSCDY), the current Scaled Net Operating Assets is 0.57 as of Feb. 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 Tesco (TSCDY) Overvalued in 2026?
Based on GuruFocus' analysis, Tesco stock appears to be overvalued.
The current stock price of $18.04 is trading 14.4% above its estimated GF Value™ of $15.77.
GuruFocus considers Tesco to be Modestly Overvalued.
Key valuation signals for TSCDY:
Scaled Net Operating Assets: 0.57
GF Value™: $15.77 vs. price of $18.04 (14.4% above fair value)
No single metric tells the full story. See the TSCDY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tesco is a large food retailer, operating thousands of stores in the United Kingdom, Ireland, and Central Europe. The majority of Tesco's sales are from the UK, where the firm has over 24% market share, more than double the second-largest peer, Sainsbury's, according to Euromonitor. Tesco also holds 30% e-grocery market share in the UK, holding a dominant position online. Tesco gained exposure to the cash-and-carry and out-of-home delivery industries with the GBP 4 billion acquisition of Booker in 2018.
80GF Score
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