Kaufman & Broad (XPAR:KOF) Scaled Net Operating Assets: -0.01 (As of Feb. 2026)


XPAR:KOF Kaufman & Broad SA XPAR:KOF
79 GF Score
Price €24.60
GF Value €30.37
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Kaufman & Broad Scaled Net Operating Assets?

Kaufman & Broad XPAR:KOF +2.71% 79 Scaled Net Operating Assets is -0.01 as of Feb. 2026. GuruFocus rates XPAR:KOF with a GF Score™ of 79/100 and a GF Value™ of €30.37 (Modestly Undervalued). 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.

Kaufman & Broad's operating assets for the quarter that ended in Feb. 2026 was €1,145 Mil. Kaufman & Broad's operating liabilities for the quarter that ended in Feb. 2026 was €1,155 Mil. Kaufman & Broad's Total Assets for the quarter that ended in Nov. 2025 was €1,590 Mil. Therefore, Kaufman & Broad's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was -0.01.


Kaufman & Broad Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Kaufman & Broad'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.

Kaufman & Broad Scaled Net Operating Assets Chart

Kaufman & Broad Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.17 0.25 0.06 -0.06 -0.02

Kaufman & Broad Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 -0.05 -0.07 -0.08 -0.02 -0.01

XPAR:KOF vs DHI, PHM, LEN: Scaled Net Operating Assets Comparison

For the Residential Construction subindustry, Kaufman & Broad'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.


Kaufman & Broad Scaled Net Operating Assets vs Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Kaufman & Broad's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Kaufman & Broad's Scaled Net Operating Assets falls into.


XPAR:KOF
79GF Score
Kaufman & Broad SA XPAR:KOF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Kaufman & Broad 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.

Kaufman & Broad's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Nov. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Nov. 2025 )
=(Operating Assets (A: Nov. 2025 )-Operating Liabilities (A: Nov. 2025 ))/Total Assets (A: Nov. 2024 )
=(1268.82-1297.122)/1773.188
=-0.02

where

Operating Assets(A: Nov. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1589.705 - 320.885
=1268.82

Operating Liabilities(A: Nov. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1352.123 - 42.213 - 12.788
=1297.122

Kaufman & Broad's Scaled Net Operating Assets (SNOA) for the quarter that ended in Feb. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Feb. 2026 )
=(Operating Assets (Q: Feb. 2026 )-Operating Liabilities (Q: Feb. 2026 ))/Total Assets (Q: Nov. 2025 )
=(1145.177-1154.736)/1589.705
=-0.01

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1459.16 - 313.983
=1145.177

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1207.991 - 40.704 - 12.551
=1154.736

* 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 -0.01 mean?
Kaufman & Broad (XPAR:KOF) has a Scaled Net Operating Assets of -0.01 as of Feb. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Kaufman & Broad and its competitors.
Is Kaufman & Broad's Scaled Net Operating Assets too high?
Kaufman & Broad's current Scaled Net Operating Assets is -0.01. Overall, Kaufman & Broad has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kaufman & Broad's Scaled Net Operating Assets compare to DHI and PHM?
Kaufman & Broad's Scaled Net Operating Assets of -0.01 can be compared against companies in the Homebuilding & Construction 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 Homebuilding & Construction company?
A good Scaled Net Operating Assets depends on the Homebuilding & Construction 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 Kaufman & Broad and its competitors. Kaufman & Broad's current Scaled Net Operating Assets is -0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kaufman & Broad stock overvalued right now?
Based on GuruFocus' analysis, Kaufman & Broad (XPAR:KOF) is currently considered Modestly Undervalued. The stock's GF Value™ is €30.37, compared to a current price of €24.60 — trading 19% below its estimated fair value. The current Scaled Net Operating Assets is -0.01. Kaufman & Broad's overall GF Score™ is 79/100 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 Kaufman & Broad (XPAR:KOF), the current Scaled Net Operating Assets is -0.01 as of Feb. 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 Kaufman & Broad (XPAR:KOF) Overvalued in 2026?

Based on GuruFocus' analysis, Kaufman & Broad stock appears to be undervalued. The current stock price of €24.60 is trading 19% below its estimated GF Value™ of €30.37. GuruFocus considers Kaufman & Broad to be Modestly Undervalued.

Key valuation signals for XPAR:KOF:

  • Scaled Net Operating Assets: -0.01
  • GF Value™: €30.37 vs. price of €24.60 (19% below fair value)
  • GF Score™: 79/100 with 3 warning signs

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


Kaufman & Broad Business Description

Other Exchanges KOFp:UK0F07:UK3GH:Germany
Address 127, Avenue Charles de Gaulle, Neuilly-sur-Seine, FRA, 92207
Kaufman & Broad SA is a real estate property builder and developer. The company's operating business segments include Housing and Commercial Property segment. Through its Housing segments, it develops single-family homes, apartments, and assisted living facilities. Other business activities include land and building lot sales, contracted project management and showroom services. The company derives the majority of revenue from housing segment.
79GF Score

Get the complete analysis for XPAR:KOF

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

€24.60
Price
€30.37
GF Value