American Express Co (WBO:AXP) Scaled Net Operating Assets: 0.13 (As of Mar. 2026)


WBO:AXP American Express Co WBO:AXP
78 GF Score
Price €300.80
GF Value €283.76
Valuation Fairly Valued
! 3 Warning Signs
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What is American Express Co Scaled Net Operating Assets?

American Express Co WBO:AXP -1.44% 78 Scaled Net Operating Assets is 0.13 as of Mar. 2026. GuruFocus rates WBO:AXP with a GF Score™ of 78/100 and a GF Value™ of €283.76 (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.

American Express Co's operating assets for the quarter that ended in Mar. 2026 was €220,008 Mil. American Express Co's operating liabilities for the quarter that ended in Mar. 2026 was €185,505 Mil. American Express Co's Total Assets for the quarter that ended in Dec. 2025 was €256,244 Mil. Therefore, American Express Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.13.

WBO:AXP
78GF Score
American Express Co WBO:AXP
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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American Express 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.

American Express Co'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 )
=(215501.776-178331.426)/259245.255
=0.14

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=256244.408 - 40742.632
=215501.776

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=227657.612 - 48155.352 - 1170.834
=178331.426

American Express Co'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 )
=(220008.425-185505.305)/256244.408
=0.13

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=267193.31 - 47184.885
=220008.425

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=237787.635 - 50818.75 - 1463.58
=185505.305

* 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 0.13 mean?
American Express Co (WBO:AXP) has a Scaled Net Operating Assets of 0.13 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 American Express Co and its competitors.
Is American Express Co's Scaled Net Operating Assets too high?
American Express Co's current Scaled Net Operating Assets is 0.13. Overall, American Express Co has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does American Express Co's Scaled Net Operating Assets compare to COF and PYPL?
American Express Co's Scaled Net Operating Assets of 0.13 can be compared against companies in the Credit Services 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 Credit Services company?
A good Scaled Net Operating Assets depends on the Credit Services 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 American Express Co and its competitors. American Express Co's current Scaled Net Operating Assets is 0.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Express Co stock overvalued right now?
Based on GuruFocus' analysis, American Express Co (WBO:AXP) is currently considered Fairly Valued. The stock's GF Value™ is €283.76, compared to a current price of €300.80 — trading 6% above its estimated fair value. The current Scaled Net Operating Assets is 0.13. American Express Co's overall GF Score™ is 78/100 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 American Express Co (WBO:AXP), the current Scaled Net Operating Assets is 0.13 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 American Express Co (WBO:AXP) Overvalued in 2026?

Based on GuruFocus' analysis, American Express Co stock appears to be overvalued. The current stock price of €300.80 is trading 6% above its estimated GF Value™ of €283.76. GuruFocus considers American Express Co to be Fairly Valued.

Key valuation signals for WBO:AXP:

  • Scaled Net Operating Assets: 0.13
  • GF Value™: €283.76 vs. price of €300.80 (6% above fair value)
  • GF Score™: 78/100 with 3 warning signs

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

American Express Co Business Description

Address 200 Vesey Street, New York, NY, USA, 10285
American Express is a global financial institution, operating in about 130 countries, that provides consumers and businesses charge and credit card payment products. The company also operates a highly profitable merchant payment network. It operates in four segments: US consumer services, US commercial services, international card services, and global merchant and network services. In addition to payment products, the company's commercial business offers expense management tools, consulting services, and business loans.
78GF Score

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

€300.80
Price
€283.76
GF Value