QVC Group (WBO:QVC) Scaled Net Operating Assets: 0.21 (As of Mar. 2026)


WBO:QVC QVC Group Inc WBO:QVC
44 GF Score
Price €0.32
GF Value €65.75
! 6 Warning Signs
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What is QVC Group Scaled Net Operating Assets?

QVC Group WBO:QVC 44 Scaled Net Operating Assets is 0.21 as of Mar. 2026. GuruFocus rates WBO:QVC with a GF Score™ of 44/100 and a GF Value™ of €65.75. The stock has 6 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.

QVC Group's operating assets for the quarter that ended in Mar. 2026 was €4,663 Mil. QVC Group's operating liabilities for the quarter that ended in Mar. 2026 was €3,297 Mil. QVC Group's Total Assets for the quarter that ended in Dec. 2025 was €6,527 Mil. Therefore, QVC Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.21.


QVC Group Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for QVC Group'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.

QVC Group Scaled Net Operating Assets Chart

QVC Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.61 0.40 0.41 0.35 0.14

QVC Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.41 0.18 0.25 0.19 0.21

WBO:QVC vs IPW, OCG, MI: Scaled Net Operating Assets Comparison

For the Internet Retail subindustry, QVC Group'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.


QVC Group Scaled Net Operating Assets vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, QVC Group's Scaled Net Operating Assets distribution charts can be found below:

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


WBO:QVC
44GF Score
QVC Group Inc WBO:QVC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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QVC Group 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.

QVC Group'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 )
=(4843.034-3599.61)/8827.065
=0.14

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6527.122 - 1684.088
=4843.034

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9103.64 - 1169.98 - 4334.05
=3599.61

QVC Group'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 )
=(4663.215-3296.515)/6527.122
=0.21

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6119.875 - 1456.66
=4663.215

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8848.085 - 1174.67 - 4376.9
=3296.515

* 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 0.21 mean?
QVC Group (WBO:QVC) has a Scaled Net Operating Assets of 0.21 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 QVC Group and its competitors.
Is QVC Group's Scaled Net Operating Assets too high?
QVC Group's current Scaled Net Operating Assets is 0.21. Overall, QVC Group has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does QVC Group's Scaled Net Operating Assets compare to IPW and OCG?
QVC Group's Scaled Net Operating Assets of 0.21 can be compared against companies in the Retail - Cyclical 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 - Cyclical company?
A good Scaled Net Operating Assets depends on the Retail - Cyclical 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 QVC Group and its competitors. QVC Group's current Scaled Net Operating Assets is 0.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is QVC Group stock overvalued right now?
QVC Group (WBO:QVC) has a current Scaled Net Operating Assets of 0.21. The stock's GF Value™ is €65.75, compared to a current price of €0.32 — trading 99.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.21. QVC Group's overall GF Score™ is 44/100 with 6 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 QVC Group (WBO:QVC), the current Scaled Net Operating Assets is 0.21 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 QVC Group (WBO:QVC) Overvalued in 2026?

Based on GuruFocus' analysis, QVC Group stock appears to be undervalued. The current stock price of €0.32 is trading 99.5% below its estimated GF Value™ of €65.75.

Key valuation signals for WBO:QVC:

  • Scaled Net Operating Assets: 0.21
  • GF Value™: €65.75 vs. price of €0.32 (99.5% below fair value)
  • GF Score™: 44/100 with 6 warning signs

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


QVC Group Business Description

Address 1200 Wilson Drive, West Chester, PA, USA, 19380
QVC Group Inc is a live social shopping company. The company has six retail brands QVC, HSN, Ballard Designs, Frontgate, Garnet Hill, Grandin Road, and others. QVC offers assortment of quality merchandise and classifies its products into six groups: home, apparel, beauty, accessories, electronics and jewelry. The company has three reportable segments: QxH, QVC International, and CBI. Majority of revenue is from Home products from QxH segment. The company also operates in Japan, Germany and Other foreign countries.
44GF 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.

€0.32
Price
€65.75
GF Value