Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Air Water's operating assets for the quarter that ended in Sep. 2025 was $7,320 Mil. Air Water's operating liabilities for the quarter that ended in Sep. 2025 was $1,829 Mil. Air Water's Total Assets for the quarter that ended in Jun. 2025 was $8,449 Mil. Therefore, Air Water's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2025 was 0.65.
Air Water Scaled Net Operating Assets Related Terms
Air Water Scaled Net Operating Assets Historical Data
* Premium members only.
The historical data trend for Air Water'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.
AWTRF vs LIN, SHW, ECL: Scaled Net Operating Assets Comparison
For the Specialty Chemicals subindustry, Air Water'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.
Air Water Scaled Net Operating Assets vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Air Water's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Air Water'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 0.65 mean?
Air Water (AWTRF) has a Scaled Net Operating Assets of 0.65 as of Sep. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Air Water and its competitors.
Is Air Water's Scaled Net Operating Assets too high?
Air Water's current Scaled Net Operating Assets is 0.65. Overall, Air Water has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Air Water's Scaled Net Operating Assets compare to LIN and SHW?
Air Water's Scaled Net Operating Assets of 0.65 can be compared against companies in the Chemicals 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 Chemicals company?
A good Scaled Net Operating Assets depends on the Chemicals 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 Air Water and its competitors. Air Water's current Scaled Net Operating Assets is 0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air Water stock overvalued right now?
Based on GuruFocus' analysis, Air Water (AWTRF) is currently considered Modestly Overvalued. The stock's GF Value™ is $12.36, compared to a current price of $14.75 — trading 19.3% above its estimated fair value. The current Scaled Net Operating Assets is 0.65. Air Water's overall GF Score™ is 86/100 with 14 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 Air Water (AWTRF), the current Scaled Net Operating Assets is 0.65 as of Sep. 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 Air Water (AWTRF) Overvalued in 2026?
Based on GuruFocus' analysis, Air Water stock appears to be overvalued.
The current stock price of $14.75 is trading 19.3% above its estimated GF Value™ of $12.36.
GuruFocus considers Air Water to be Modestly Overvalued.
Key valuation signals for AWTRF:
Scaled Net Operating Assets: 0.65
GF Value™: $12.36 vs. price of $14.75 (19.3% above fair value)
No single metric tells the full story. See the AWTRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Air Water Inc is a diversified conglomerate engaged in the supply of industrial gases and various other businesses and services. The company operates through five segments. The Agri & Foods segment covers the processing and distribution of fruits and vegetables, frozen foods, meat products, and contract manufacturing of beverages. The Digital & Industry segment focuses on industrial gases, electrical, and functional materials. The Energy Solutions segment deals with LP gas, kerosene, and related equipment. The Health & Safety segment provides medical gases, dental and protective materials, hospital equipment, and home medical care services. The Other Businesses segment includes logistics, salt production, overseas industrial gas operations, biomass power, and high-output UPS solutions.
86GF Score
Get the complete analysis for AWTRF
Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
AWTRF has been successfully added to your 
