VIK (Viking Holdings) Scaled Net Operating Assets: 0.23 (As of Mar. 2026)


VIK Viking Holdings Ltd VIK
19 GF Score
Price $100.69
! 8 Warning Signs
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What is Viking Holdings Scaled Net Operating Assets?

Viking Holdings VIK -1.28% 19 Scaled Net Operating Assets is 0.23 as of Mar. 2026. GuruFocus rates VIK with a GF Score™ of 19/100. The stock has 8 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.

Viking Holdings's operating assets for the quarter that ended in Mar. 2026 was $9,154 Mil. Viking Holdings's operating liabilities for the quarter that ended in Mar. 2026 was $6,305 Mil. Viking Holdings's Total Assets for the quarter that ended in Dec. 2025 was $12,233 Mil. Therefore, Viking Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.23.


Viking Holdings Scaled Net Operating Assets Historical Data

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The historical data trend for Viking Holdings'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.

Viking Holdings Scaled Net Operating Assets Chart

Viking Holdings Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
-0.12 0.09 -0.14 0.35 0.32

Viking Holdings Quarterly Data
Dec21 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 0.25 0.33 0.32 0.28 0.23

VIK vs CCL, EXPE, TCOM: Scaled Net Operating Assets Comparison

For the Travel Services subindustry, Viking Holdings'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.


Viking Holdings Scaled Net Operating Assets vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Viking Holdings's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Viking Holdings's Scaled Net Operating Assets falls into.


VIK
19GF Score
Viking Holdings Ltd VIK
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Viking Holdings 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.

Viking Holdings'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 )
=(8584.863-5370.469)/10120.685
=0.32

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=12232.707 - 3647.844
=8584.863

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=11111.365 - 5339.805 - 401.091
=5370.469

Viking Holdings'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 )
=(9153.633-6304.759)/12232.707
=0.23

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=13200.336 - 4046.703
=9153.633

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=12133.561 - 5623.868 - 204.934
=6304.759

* 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 0.23 mean?
Viking Holdings (VIK) has a Scaled Net Operating Assets of 0.23 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 Viking Holdings and its competitors.
Is Viking Holdings' Scaled Net Operating Assets too high?
Viking Holdings' current Scaled Net Operating Assets is 0.23. Overall, Viking Holdings has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Viking Holdings' Scaled Net Operating Assets compare to CCL and EXPE?
Viking Holdings' Scaled Net Operating Assets of 0.23 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Scaled Net Operating Assets depends on the Travel & Leisure 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 Viking Holdings and its competitors. Viking Holdings's current Scaled Net Operating Assets is 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Viking Holdings stock overvalued right now?
Viking Holdings (VIK) has a current Scaled Net Operating Assets of 0.23. The current Scaled Net Operating Assets is 0.23. Viking Holdings' overall GF Score™ is 19/100 with 8 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 Viking Holdings (VIK), the current Scaled Net Operating Assets is 0.23 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.

Viking Holdings Business Description

Other Exchanges ZG8:Germany
Address 94 Pitts Bay Road, Pembroke, BMU, HM 08
Viking Holdings Ltd is a travel company, with a fleet of 92 small ships, which view as floating hotels. It offers travel experiences on all seven continents in all three categories of the cruise industry river, ocean, and expedition cruising. The Group defines its products based on the type of cruise offering and language of the cruise service. The River segment provides river cruises outside the United States to English-speaking passengers. The Ocean segment offers ocean cruises to English-speaking passengers. Other include operating segments that are not individually reportable, consisting of expedition cruises for English-speaking passengers (Expedition), Mississippi River cruises for English-speaking passengers, and Viking China, which includes cruises for Mandarin.
19GF Score

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$100.69
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