Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
ADNOC Gas's operating assets for the quarter that ended in Mar. 2026 was د.إ122,411 Mil. ADNOC Gas's operating liabilities for the quarter that ended in Mar. 2026 was د.إ27,872 Mil. ADNOC Gas's Total Assets for the quarter that ended in Dec. 2025 was د.إ119,253 Mil. Therefore, ADNOC Gas's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.79.
ADNOC Gas Scaled Net Operating Assets Related Terms
ADNOC Gas Scaled Net Operating Assets Historical Data
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The historical data trend for ADNOC Gas'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.
ADX:ADNOCGAS vs XOM, CVX: Scaled Net Operating Assets Comparison
For the Oil & Gas Integrated subindustry, ADNOC Gas'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.
ADNOC Gas Scaled Net Operating Assets vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, ADNOC Gas's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where ADNOC Gas'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 0.79 mean?
ADNOC Gas (ADX:ADNOCGAS) has a Scaled Net Operating Assets of 0.79 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 ADNOC Gas and its competitors.
Is ADNOC Gas' Scaled Net Operating Assets too high?
ADNOC Gas' current Scaled Net Operating Assets is 0.79. Overall, ADNOC Gas has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ADNOC Gas' Scaled Net Operating Assets compare to XOM and CVX?
ADNOC Gas' Scaled Net Operating Assets of 0.79 can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good Scaled Net Operating Assets depends on the Oil & Gas 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 ADNOC Gas and its competitors. ADNOC Gas's current Scaled Net Operating Assets is 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ADNOC Gas stock overvalued right now?
Based on GuruFocus' analysis, ADNOC Gas (ADX:ADNOCGAS) is currently considered Fairly Valued. The stock's GF Value™ is د.إ3.21, compared to a current price of د.إ3.42 — trading 6.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.79. ADNOC Gas' overall GF Score™ is 56/100 with 4 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 ADNOC Gas (ADX:ADNOCGAS), the current Scaled Net Operating Assets is 0.79 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 ADNOC Gas (ADX:ADNOCGAS) Overvalued in 2026?
Based on GuruFocus' analysis, ADNOC Gas stock appears to be overvalued.
The current stock price of د.إ3.42 is trading 6.5% above its estimated GF Value™ of د.إ3.21.
GuruFocus considers ADNOC Gas to be Fairly Valued.
Key valuation signals for ADX:ADNOCGAS:
Scaled Net Operating Assets: 0.79
GF Value™: د.إ3.21 vs. price of د.إ3.42 (6.5% above fair value)
No single metric tells the full story. See the ADX:ADNOCGAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ADNOC Gas PLC is an integrated gas processing company. The Company is responsible for producing, processing, distributing, and marketing natural gas and its derivatives in the UAE and abroad. The company Gas operates a network of pipelines, processing plants, storage facilities, and export terminals that supply gas to various sectors, including power generation, water desalination, petrochemicals, industries, and households. The Company also exports liquefied natural gas (LNG) and liquefied petroleum gas (LPG) to regional and international markets.
56GF 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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