Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Under Armour's operating assets for the quarter that ended in Mar. 2026 was $4,107 Mil. Under Armour's operating liabilities for the quarter that ended in Mar. 2026 was $1,062 Mil. Under Armour's Total Assets for the quarter that ended in Dec. 2025 was $4,630 Mil. Therefore, Under Armour's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.66.
Under Armour Scaled Net Operating Assets Related Terms
Under Armour Scaled Net Operating Assets Historical Data
* Premium members only.
The historical data trend for Under Armour'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.
UAA vs COLM, FIGS, PVH: Scaled Net Operating Assets Comparison
For the Apparel Manufacturing subindustry, Under Armour'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.
Under Armour Scaled Net Operating Assets vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Under Armour's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Under Armour'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 0.66 mean?
Under Armour (UAA) has a Scaled Net Operating Assets of 0.66 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 Under Armour and its competitors.
Is Under Armour's Scaled Net Operating Assets too high?
Under Armour's current Scaled Net Operating Assets is 0.66. Overall, Under Armour has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Under Armour's Scaled Net Operating Assets compare to COLM and FIGS?
Under Armour's Scaled Net Operating Assets of 0.66 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Scaled Net Operating Assets depends on the Manufacturing - Apparel & Accessories 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 Under Armour and its competitors. Under Armour's current Scaled Net Operating Assets is 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Under Armour stock overvalued right now?
Based on GuruFocus' analysis, Under Armour (UAA) is currently considered Fairly Valued. The stock's GF Value™ is $6.56, compared to a current price of $6.30 — trading 4% below its estimated fair value. The current Scaled Net Operating Assets is 0.66. Under Armour's overall GF Score™ is 59/100 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 Under Armour (UAA), the current Scaled Net Operating Assets is 0.66 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 Under Armour (UAA) Overvalued in 2026?
Based on GuruFocus' analysis, Under Armour stock appears to be undervalued.
The current stock price of $6.30 is trading 4% below its estimated GF Value™ of $6.56.
GuruFocus considers Under Armour to be Fairly Valued.
Key valuation signals for UAA:
Scaled Net Operating Assets: 0.66
GF Value™: $6.56 vs. price of $6.30 (4% below fair value)
No single metric tells the full story. See the UAA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Under Armour develops, markets, and distributes athletic apparel, footwear, and accessories in North America, Asia-Pacific, Europe, and Latin America. Consumers of its performance-based clothing and shoes include professional and amateur athletes, sponsored college and professional teams, and people with active lifestyles. The company sells merchandise through wholesale partners, company-owned digital channels, and approximately 440 company-owned outlet and full-price stores. The Baltimore-based firm was founded in 1996 and is led by controlling shareholder Kevin Plank.
59GF Score
Get the complete analysis for UAA
Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
UAA has been successfully added to your 
