ATHOF (Athabasca Oil) Scaled Net Operating Assets: 0.74 (As of Mar. 2026)


ATHOF Athabasca Oil Corp ATHOF
70 GF Score
Price $7.08
GF Value $4.48
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Athabasca Oil Scaled Net Operating Assets?

Athabasca Oil ATHOF -7.15% 70 Scaled Net Operating Assets is 0.74 as of Mar. 2026. GuruFocus rates ATHOF with a GF Score™ of 70/100 and a GF Value™ of $4.48 (Significantly Overvalued). The stock has 1 warning sign investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Athabasca Oil's operating assets for the quarter that ended in Mar. 2026 was $1,736 Mil. Athabasca Oil's operating liabilities for the quarter that ended in Mar. 2026 was $364 Mil. Athabasca Oil's Total Assets for the quarter that ended in Dec. 2025 was $1,849 Mil. Therefore, Athabasca Oil's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.74.


Athabasca Oil Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Athabasca Oil'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.

Athabasca Oil Scaled Net Operating Assets Chart

Athabasca Oil Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.83 0.93 0.65 0.79 0.74

Athabasca Oil Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.71 0.76 0.70 0.70 0.74

ATHOF vs COP, EOG, OXY: Scaled Net Operating Assets Comparison

For the Oil & Gas E&P subindustry, Athabasca Oil'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.


Athabasca Oil Scaled Net Operating Assets vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Athabasca Oil's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Athabasca Oil's Scaled Net Operating Assets falls into.


ATHOF
70GF Score
Athabasca Oil Corp ATHOF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Athabasca Oil 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.

Athabasca Oil's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(1619.698-333.165)/1736.933
=0.74

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1849.032 - 229.334
=1619.698

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=476.573 - 143.408 - 0
=333.165

Athabasca Oil's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(1736.343-363.818)/1849.032
=0.74

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1948.094 - 211.751
=1736.343

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=516.568 - 152.75 - 0
=363.818

* 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 0.74 mean?
Athabasca Oil (ATHOF) has a Scaled Net Operating Assets of 0.74 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 Athabasca Oil and its competitors.
Is Athabasca Oil's Scaled Net Operating Assets too high?
Athabasca Oil's current Scaled Net Operating Assets is 0.74. Overall, Athabasca Oil has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Athabasca Oil's Scaled Net Operating Assets compare to COP and EOG?
Athabasca Oil's Scaled Net Operating Assets of 0.74 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 Athabasca Oil and its competitors. Athabasca Oil's current Scaled Net Operating Assets is 0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Athabasca Oil stock overvalued right now?
Based on GuruFocus' analysis, Athabasca Oil (ATHOF) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.48, compared to a current price of $7.08 — trading 57.9% above its estimated fair value. The current Scaled Net Operating Assets is 0.74. Athabasca Oil's overall GF Score™ is 70/100 with 1 warning sign 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 Athabasca Oil (ATHOF), the current Scaled Net Operating Assets is 0.74 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 Athabasca Oil (ATHOF) Overvalued in 2026?

Based on GuruFocus' analysis, Athabasca Oil stock appears to be overvalued. The current stock price of $7.08 is trading 57.9% above its estimated GF Value™ of $4.48. GuruFocus considers Athabasca Oil to be Significantly Overvalued.

Key valuation signals for ATHOF:

  • Scaled Net Operating Assets: 0.74
  • GF Value™: $4.48 vs. price of $7.08 (57.9% above fair value)
  • GF Score™: 70/100 with 1 warning sign

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


Athabasca Oil Business Description

Industry EnergyOil & Gas
Other Exchanges ATI:GermanyATH:Canada
Address 215 - 9 Avenue SW, Suite 1200, Calgary, AB, CAN, T2P 1K3
Athabasca Oil Corp is an exploration and production company developing Thermal Oil and Light Oil resources in the Western Canadian Sedimentary Basin located in Alberta, Canada. It operates through two segments: Athabasca (Thermal Oil), focused on bitumen production from oil sands in the Athabasca region of Northern Alberta, and Duvernay Energy, focused on the production of light and medium crude oil, tight oil, natural gas, shale gas, and natural gas liquids in the Greater Kaybob area near Fox Creek, Alberta. The majority of its revenue is derived from petroleum, natural gas, and midstream sales through the Athabasca segment.
70GF Score

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$7.08
Price
$4.48
GF Value