Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Anglo American's operating assets for the quarter that ended in Dec. 2025 was CHF39,724 Mil. Anglo American's operating liabilities for the quarter that ended in Dec. 2025 was CHF13,066 Mil. Anglo American's Total Assets for the quarter that ended in Jun. 2025 was CHF46,574 Mil. Therefore, Anglo American's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.57.
Anglo American Scaled Net Operating Assets Related Terms
Anglo American Scaled Net Operating Assets Historical Data
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The historical data trend for Anglo American'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.
Anglo American Scaled Net Operating Assets Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Anglo American'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.
Anglo American Scaled Net Operating Assets vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Anglo American's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Anglo American's Scaled Net Operating Assets falls into.
* 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 0.57 mean?
Anglo American (XSWX:AAM) has a Scaled Net Operating Assets of 0.57 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Anglo American and its competitors.
Is Anglo American's Scaled Net Operating Assets too high?
Anglo American's current Scaled Net Operating Assets is 0.57. Overall, Anglo American has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anglo American's Scaled Net Operating Assets compare to competitors?
Anglo American's Scaled Net Operating Assets of 0.57 can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Scaled Net Operating Assets depends on the Metals & Mining 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 Anglo American and its competitors. Anglo American's current Scaled Net Operating Assets is 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anglo American stock overvalued right now?
Based on GuruFocus' analysis, Anglo American (XSWX:AAM) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF15.06, compared to a current price of CHF39.80 — trading 164.3% above its estimated fair value. The current Scaled Net Operating Assets is 0.57. Anglo American's overall GF Score™ is 45/100 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 Anglo American (XSWX:AAM), the current Scaled Net Operating Assets is 0.57 as of Dec. 2025. 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 Anglo American (XSWX:AAM) Overvalued in 2026?
Based on GuruFocus' analysis, Anglo American stock appears to be overvalued.
The current stock price of CHF39.80 is trading 164.3% above its estimated GF Value™ of CHF15.06.
GuruFocus considers Anglo American to be Significantly Overvalued.
Key valuation signals for XSWX:AAM:
Scaled Net Operating Assets: 0.57
GF Value™: CHF15.06 vs. price of CHF39.80 (164.3% above fair value)
No single metric tells the full story. See the XSWX:AAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Previously one of the more diversified major miners, in May 2024 Anglo American announced that it will restructure to focus on copper, iron ore, and crop nutrients, while selling or spinning off its other businesses. It sold out of platinum group metals in September 2025, and will likely sell or demerge and spin off its majority-owned De Beers diamonds business, in most years the world's largest supplier and marketer of rough gem diamonds by value. It is again trying to sell its remaining metallurgical coal mines after Peabody pulled out of a deal to buy them. Anglo also plans to move back into the crop nutrients business via its Woodsmith polyhalite project in the UK. In September 2025, it also agreed to merge with Teck, with the deal likely to complete in late 2026 or early 2027.
45GF Score
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