Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Zillow Group's operating assets for the quarter that ended in Mar. 2026 was $4,443 Mil. Zillow Group's operating liabilities for the quarter that ended in Mar. 2026 was $389 Mil. Zillow Group's Total Assets for the quarter that ended in Dec. 2025 was $5,685 Mil. Therefore, Zillow Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.71.
Zillow Group Scaled Net Operating Assets Related Terms
Zillow Group Scaled Net Operating Assets Historical Data
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The historical data trend for Zillow 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.
Z vs MTCH, BILI, SNAP: Scaled Net Operating Assets Comparison
For the Internet Content & Information subindustry, Zillow 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.
Zillow Group Scaled Net Operating Assets vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Zillow Group's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Zillow Group'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 0.71 mean?
Zillow Group (Z) has a Scaled Net Operating Assets of 0.71 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 Zillow Group and its competitors.
Is Zillow Group's Scaled Net Operating Assets too high?
Zillow Group's current Scaled Net Operating Assets is 0.71. Overall, Zillow Group has a GF Score™ of 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zillow Group's Scaled Net Operating Assets compare to MTCH and BILI?
Zillow Group's Scaled Net Operating Assets of 0.71 can be compared against companies in the Interactive Media 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 an Interactive Media company?
A good Scaled Net Operating Assets depends on the Interactive Media 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 Zillow Group and its competitors. Zillow Group's current Scaled Net Operating Assets is 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zillow Group stock overvalued right now?
Based on GuruFocus' analysis, Zillow Group (Z) is currently considered Significantly Undervalued. The stock's GF Value™ is $74.46, compared to a current price of $30.54 — trading 59% below its estimated fair value. The current Scaled Net Operating Assets is 0.71. Zillow Group's overall GF Score™ is 64/100 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 Zillow Group (Z), the current Scaled Net Operating Assets is 0.71 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 Zillow Group (Z) Overvalued in 2026?
Based on GuruFocus' analysis, Zillow Group stock appears to be undervalued.
The current stock price of $30.54 is trading 59% below its estimated GF Value™ of $74.46.
GuruFocus considers Zillow Group to be Significantly Undervalued.
Key valuation signals for Z:
Scaled Net Operating Assets: 0.71
GF Value™: $74.46 vs. price of $30.54 (59% below fair value)
No single metric tells the full story. See the Z stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zillow Group Inc is a real estate technology company offering a digital platform that connects real estate customers with sellers, agents, loan officers, and other real estate-related professionals. With its tools and resources, Zillow helps real estate professionals grow their businesses, and for renters and housing providers, it offers a marketplace along with a set of end-to-end products and services to streamline applications, leases, payments, and more. The group operates various brands such as Zillow, Zillow Home Loans, Zillow Rentals, Zillow New Construction, Trulia, StreetEasy, Out East, HotPads, Follow Up Boss, ShowingTime, dotloop, and Zillow Closing. Its ecosystem spans the entire home journey from shopping to renting, buying, selling, and financing real estate.
64GF Score
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