WS (Worthington Steel) Scaled Net Operating Assets: 0.67 (As of May. 2026)


WS Worthington Steel Inc WS
21 GF Score
Price $38.57
! 5 Warning Signs
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What is Worthington Steel Scaled Net Operating Assets?

Worthington Steel WS +4.72% 21 Scaled Net Operating Assets is 0.67 as of May. 2026. GuruFocus rates WS with a GF Score™ of 21/100. The stock has 5 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.

Worthington Steel's operating assets for the quarter that ended in May. 2026 was $2,184 Mil. Worthington Steel's operating liabilities for the quarter that ended in May. 2026 was $636 Mil. Worthington Steel's Total Assets for the quarter that ended in Feb. 2026 was $2,316 Mil. Therefore, Worthington Steel's scaled net operating assets (SNOA) for the quarter that ended in May. 2026 was 0.67.


Worthington Steel Scaled Net Operating Assets Historical Data

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The historical data trend for Worthington Steel'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.

Worthington Steel Scaled Net Operating Assets Chart

Worthington Steel Annual Data
Trend May21 May22 May23 May24 May25 May26
Scaled Net Operating Assets
Get a 7-Day Free Trial 1.03 0.59 0.74 0.74 0.79

Worthington Steel Quarterly Data
May21 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.77 0.81 0.69 0.75 0.67

WS vs NWPX, MTUS, MSB: Scaled Net Operating Assets Comparison

For the Steel subindustry, Worthington Steel'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.


Worthington Steel Scaled Net Operating Assets vs Steel Industry

For the Steel industry and Basic Materials sector, Worthington Steel's Scaled Net Operating Assets distribution charts can be found below:

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


WS
21GF Score
Worthington Steel Inc WS
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Worthington Steel 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.

Worthington Steel's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in May. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: May. 2026 )
=(Operating Assets (A: May. 2026 )-Operating Liabilities (A: May. 2026 ))/Total Assets (A: May. 2025 )
=(2184.4-635.8)/1961.8
=0.79

where

Operating Assets(A: May. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2269 - 84.6
=2184.4

Operating Liabilities(A: May. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=990.2 - 128.7 - 225.7
=635.8

Worthington Steel's Scaled Net Operating Assets (SNOA) for the quarter that ended in May. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: May. 2026 )
=(Operating Assets (Q: May. 2026 )-Operating Liabilities (Q: May. 2026 ))/Total Assets (Q: Feb. 2026 )
=(2184.4-635.8)/2315.5
=0.67

where

Operating Assets(Q: May. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2269 - 84.6
=2184.4

Operating Liabilities(Q: May. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=990.2 - 128.7 - 225.7
=635.8

* 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 0.67 mean?
Worthington Steel (WS) has a Scaled Net Operating Assets of 0.67 as of May. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Worthington Steel and its competitors.
Is Worthington Steel's Scaled Net Operating Assets too high?
Worthington Steel's current Scaled Net Operating Assets is 0.67. Overall, Worthington Steel has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Worthington Steel's Scaled Net Operating Assets compare to NWPX and MTUS?
Worthington Steel's Scaled Net Operating Assets of 0.67 can be compared against companies in the Steel 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 Steel company?
A good Scaled Net Operating Assets depends on the Steel 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 Worthington Steel and its competitors. Worthington Steel's current Scaled Net Operating Assets is 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Worthington Steel stock overvalued right now?
Worthington Steel (WS) has a current Scaled Net Operating Assets of 0.67. The current Scaled Net Operating Assets is 0.67. Worthington Steel's overall GF Score™ is 21/100 with 5 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 Worthington Steel (WS), the current Scaled Net Operating Assets is 0.67 as of May. 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.

Worthington Steel Business Description

Other Exchanges Z2J:Germany
Address 100 Old Wilson Bridge Road, Columbus, OH, USA, 43085
Worthington Steel Inc is a processor of carbon flat-rolled steel, a producer of laser-welded solutions, and a provider of electrical steel laminations. The company has manufacturing facilities across the United States, Canada, China, India, Germany and Mexico. It buys coils of steel from primary steel producers and processes them to precise type, thickness, length, width, shape, and surface quality required by customer specifications. The company's product lines and processing capabilities include; carbon flat-rolled steel processing, electrical steel laminations, and tailor welded products. Geographically, the company generates a majority of its revenue from the United States followed by Canada, Mexico, and other regions.
21GF 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.

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