Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
United Airlines Holdings's operating assets for the quarter that ended in Mar. 2026 was CHF52,571 Mil. United Airlines Holdings's operating liabilities for the quarter that ended in Mar. 2026 was CHF26,842 Mil. United Airlines Holdings's Total Assets for the quarter that ended in Dec. 2025 was CHF60,921 Mil. Therefore, United Airlines Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.42.
United Airlines Holdings Scaled Net Operating Assets Related Terms
United Airlines Holdings Scaled Net Operating Assets Historical Data
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The historical data trend for United Airlines Holdings'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.
United Airlines Holdings Scaled Net Operating Assets Chart
XSWX:UAL vs LUV, DAL, AAL: Scaled Net Operating Assets Comparison
For the Airlines subindustry, United Airlines Holdings'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.
United Airlines Holdings Scaled Net Operating Assets vs Transportation Industry
For the Transportation industry and Industrials sector, United Airlines Holdings's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where United Airlines Holdings'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 0.42 mean?
United Airlines Holdings (XSWX:UAL) has a Scaled Net Operating Assets of 0.42 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 United Airlines Holdings and its competitors.
Is United Airlines Holdings' Scaled Net Operating Assets too high?
United Airlines Holdings' current Scaled Net Operating Assets is 0.42. Overall, United Airlines Holdings has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does United Airlines Holdings' Scaled Net Operating Assets compare to LUV and DAL?
United Airlines Holdings' Scaled Net Operating Assets of 0.42 can be compared against companies in the Transportation 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 Transportation company?
A good Scaled Net Operating Assets depends on the Transportation 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 United Airlines Holdings and its competitors. United Airlines Holdings's current Scaled Net Operating Assets is 0.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Airlines Holdings stock overvalued right now?
United Airlines Holdings (XSWX:UAL) has a current Scaled Net Operating Assets of 0.42. The stock's GF Value™ is CHF62.39, compared to a current price of CHF103.96 — trading 66.6% above its estimated fair value. The current Scaled Net Operating Assets is 0.42. United Airlines Holdings' overall GF Score™ is 79/100 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 United Airlines Holdings (XSWX:UAL), the current Scaled Net Operating Assets is 0.42 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 United Airlines Holdings (XSWX:UAL) Overvalued in 2026?
Based on GuruFocus' analysis, United Airlines Holdings stock appears to be overvalued.
The current stock price of CHF103.96 is trading 66.6% above its estimated GF Value™ of CHF62.39.
Key valuation signals for XSWX:UAL:
Scaled Net Operating Assets: 0.42
GF Value™: CHF62.39 vs. price of CHF103.96 (66.6% above fair value)
No single metric tells the full story. See the XSWX:UAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chicago-based United Airlines is a major US network carrier with hubs in San Francisco, Chicago, Houston, Denver, Los Angeles, Newark, and Washington, D.C. United operates a hub-and-spoke system that is more focused on international and long-haul travel, especially across the Pacific, than its large US peers.
79GF 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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