The North West Co (TSX:NWC) Scaled Net Operating Assets: 0.74 (As of Apr. 2026)


TSX:NWC The North West Co Inc TSX:NWC
80 GF Score
Price C$49.49
GF Value C$47.37
Valuation Fairly Valued
! 3 Warning Signs
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What is The North West Co Scaled Net Operating Assets?

The North West Co TSX:NWC +0.22% 80 Scaled Net Operating Assets is 0.74 as of Apr. 2026. GuruFocus rates TSX:NWC with a GF Score™ of 80/100 and a GF Value™ of C$47.37 (Fairly Valued). The stock has 3 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.

The North West Co's operating assets for the quarter that ended in Apr. 2026 was C$1,492 Mil. The North West Co's operating liabilities for the quarter that ended in Apr. 2026 was C$326 Mil. The North West Co's Total Assets for the quarter that ended in Jan. 2026 was C$1,567 Mil. Therefore, The North West Co's scaled net operating assets (SNOA) for the quarter that ended in Apr. 2026 was 0.74.


The North West Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for The North West Co'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.

The North West Co Scaled Net Operating Assets Chart

The North West Co Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.74 0.81 0.79 0.82 0.77

The North West Co Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.74 0.78 0.78 0.73 0.75

TSX:NWC vs KR, SFM, ACI: Scaled Net Operating Assets Comparison

For the Grocery Stores subindustry, The North West Co'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.


The North West Co Scaled Net Operating Assets vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, The North West Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where The North West Co's Scaled Net Operating Assets falls into.


TSX:NWC
80GF Score
The North West Co Inc TSX:NWC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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The North West Co 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.

The North West Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jan. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jan. 2026 )
=(Operating Assets (A: Jan. 2026 )-Operating Liabilities (A: Jan. 2026 ))/Total Assets (A: Jan. 2025 )
=(1476.706-305.297)/1527.505
=0.77

where

Operating Assets(A: Jan. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1567.08 - 90.374
=1476.706

Operating Liabilities(A: Jan. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=744.247 - 418.542 - 20.408
=305.297

The North West Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Apr. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Apr. 2026 )
=(Operating Assets (Q: Apr. 2026 )-Operating Liabilities (Q: Apr. 2026 ))/Total Assets (Q: Jan. 2026 )
=(1492.268-325.519)/1567.08
=0.74

where

Operating Assets(Q: Apr. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1622.757 - 130.489
=1492.268

Operating Liabilities(Q: Apr. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=787.359 - 440.146 - 21.694
=325.519

* 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 0.74 mean?
The North West Co (TSX:NWC) has a Scaled Net Operating Assets of 0.74 as of Apr. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on The North West Co and its competitors.
Is The North West Co's Scaled Net Operating Assets too high?
The North West Co's current Scaled Net Operating Assets is 0.74. Overall, The North West Co has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does The North West Co's Scaled Net Operating Assets compare to KR and SFM?
The North West Co's Scaled Net Operating Assets of 0.74 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 The North West Co and its competitors. The North West Co's current Scaled Net Operating Assets is 0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The North West Co stock overvalued right now?
Based on GuruFocus' analysis, The North West Co (TSX:NWC) is currently considered Fairly Valued. The stock's GF Value™ is C$47.37, compared to a current price of C$49.49 — trading 4.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.74. The North West Co's overall GF Score™ is 80/100 with 3 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 The North West Co (TSX:NWC), the current Scaled Net Operating Assets is 0.74 as of Apr. 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 The North West Co (TSX:NWC) Overvalued in 2026?

Based on GuruFocus' analysis, The North West Co stock appears to be overvalued. The current stock price of C$49.49 is trading 4.5% above its estimated GF Value™ of C$47.37. GuruFocus considers The North West Co to be Fairly Valued.

Key valuation signals for TSX:NWC:

  • Scaled Net Operating Assets: 0.74
  • GF Value™: C$47.37 vs. price of C$49.49 (4.5% above fair value)
  • GF Score™: 80/100 with 3 warning signs

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


The North West Co Business Description

Other Exchanges NNWWF:USA3NW:Germany
Address 77 Main Street, Gibraltar House, Winnipeg, MB, CAN, R3C 2R1
The North West Co Inc is a retailer to rural and remote communities and underserved urban neighbourhood markets in Northern Canada, Western Canada, rural Alaska, the South Pacific islands, and the Caribbean. The Company offers a broad Multiple products and services with an emphasis on food, focusing on everyday household and local lifestyle needs. It operates as a retailer of food and everyday products and services through two geographical segments: Canadian and International. The Canadian segment generates maximum revenue and consists of subsidiaries operating retail stores and complementary businesses serving northern Canada, while the International segment consists of subsidiaries operating in the continental United States, the Caribbean, and the South Pacific.
80GF Score

Get the complete analysis for TSX:NWC

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

C$49.49
Price
C$47.37
GF Value