Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Loblaw's operating assets for the quarter that ended in Mar. 2026 was C$40,654 Mil. Loblaw's operating liabilities for the quarter that ended in Mar. 2026 was C$13,828 Mil. Loblaw's Total Assets for the quarter that ended in Dec. 2025 was C$41,577 Mil. Therefore, Loblaw's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.65.
Loblaw Scaled Net Operating Assets Related Terms
Loblaw Scaled Net Operating Assets Historical Data
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The historical data trend for Loblaw'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.
TSX:L vs KR, SFM, ACI: Scaled Net Operating Assets Comparison
For the Grocery Stores subindustry, Loblaw'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.
Loblaw Scaled Net Operating Assets vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Loblaw's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Loblaw'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 0.65 mean?
Loblaw (TSX:L) has a Scaled Net Operating Assets of 0.65 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 Loblaw and its competitors.
Is Loblaw's Scaled Net Operating Assets too high?
Loblaw's current Scaled Net Operating Assets is 0.65. Overall, Loblaw has a GF Score™ of 91/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Loblaw's Scaled Net Operating Assets compare to KR and SFM?
Loblaw's Scaled Net Operating Assets of 0.65 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 Loblaw and its competitors. Loblaw's current Scaled Net Operating Assets is 0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Loblaw stock overvalued right now?
Based on GuruFocus' analysis, Loblaw (TSX:L) is currently considered Significantly Overvalued. The stock's GF Value™ is C$50.30, compared to a current price of C$65.93 — trading 31.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.65. Loblaw's overall GF Score™ is 91/100 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 Loblaw (TSX:L), the current Scaled Net Operating Assets is 0.65 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 Loblaw (TSX:L) Overvalued in 2026?
Based on GuruFocus' analysis, Loblaw stock appears to be overvalued.
The current stock price of C$65.93 is trading 31.1% above its estimated GF Value™ of C$50.30.
GuruFocus considers Loblaw to be Significantly Overvalued.
Key valuation signals for TSX:L:
Scaled Net Operating Assets: 0.65
GF Value™: C$50.30 vs. price of C$65.93 (31.1% above fair value)
No single metric tells the full story. See the TSX:L stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Loblaw is Canada's largest retailer, operating approximately 2,500 food retail and pharmacy stores across the country. Its main grocery banners include Loblaw, No Frills, and Maxi, and its pharmacy stores are mostly under the Shoppers Drug Mart banner, which it acquired in 2014. In addition to brand-name offerings, Loblaw offers private-label products under the President's Choice and No Name brands. Beyond retail, Loblaw runs the PC Optimum loyalty program, but announced plans to sell its financial services arm including credit cards and insurance brokerage to EQB in December 2025. George Weston is Loblaw's controlling shareholder with a 53% stake.
91GF Score
Get the complete analysis for TSX:L
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