Taqa Morocco (CAS:TQM) Scaled Net Operating Assets: 0.67 (As of Dec. 2025)


CAS:TQM Taqa Morocco SA CAS:TQM
74 GF Score
Price MAD1,788.00
GF Value MAD1,227.80
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Taqa Morocco Scaled Net Operating Assets?

Taqa Morocco CAS:TQM +1.30% 74 Scaled Net Operating Assets is 0.67 as of Dec. 2025. GuruFocus rates CAS:TQM with a GF Score™ of 74/100 and a GF Value™ of MAD1,227.80 (Significantly Overvalued). The stock has 5 warning signs investors should review.

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

Taqa Morocco's operating assets for the quarter that ended in Dec. 2025 was MAD17,031 Mil. Taqa Morocco's operating liabilities for the quarter that ended in Dec. 2025 was MAD3,122 Mil. Taqa Morocco's Total Assets for the quarter that ended in Jun. 2025 was MAD20,880 Mil. Therefore, Taqa Morocco's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.67.


Taqa Morocco Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Taqa Morocco'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.

Taqa Morocco Scaled Net Operating Assets Chart

Taqa Morocco 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 0.76 0.78 0.62 0.64 0.67

Taqa Morocco Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.63 0.67 0.68 0.64 0.67

CAS:TQM vs CEG, VST, NRG: Scaled Net Operating Assets Comparison

For the Utilities - Independent Power Producers subindustry, Taqa Morocco'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.


Taqa Morocco Scaled Net Operating Assets vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Taqa Morocco's Scaled Net Operating Assets distribution charts can be found below:

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


CAS:TQM
74GF Score
Taqa Morocco SA CAS:TQM
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Taqa Morocco 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.

Taqa Morocco'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 )
=(17030.766-3122.148)/20920.079
=0.66

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=20299.976 - 3269.21
=17030.766

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=12801.367 - 9679.219 - 0
=3122.148

Taqa Morocco's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(17030.766-3122.148)/20879.891
=0.67

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=20299.976 - 3269.21
=17030.766

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=12801.367 - 9679.219 - 0
=3122.148

* 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 0.67 mean?
Taqa Morocco (CAS:TQM) has a Scaled Net Operating Assets of 0.67 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Taqa Morocco and its competitors.
Is Taqa Morocco's Scaled Net Operating Assets too high?
Taqa Morocco's current Scaled Net Operating Assets is 0.67. Overall, Taqa Morocco has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taqa Morocco's Scaled Net Operating Assets compare to CEG and VST?
Taqa Morocco's Scaled Net Operating Assets of 0.67 can be compared against companies in the Utilities - Independent Power Producers 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 Utilities - Independent Power Producers company?
A good Scaled Net Operating Assets depends on the Utilities - Independent Power Producers 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 Taqa Morocco and its competitors. Taqa Morocco's current Scaled Net Operating Assets is 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taqa Morocco stock overvalued right now?
Based on GuruFocus' analysis, Taqa Morocco (CAS:TQM) is currently considered Significantly Overvalued. The stock's GF Value™ is MAD1,227.80, compared to a current price of MAD1,788.00 — trading 45.6% above its estimated fair value. The current Scaled Net Operating Assets is 0.67. Taqa Morocco's overall GF Score™ is 74/100 with 5 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 Taqa Morocco (CAS:TQM), the current Scaled Net Operating Assets is 0.67 as of Dec. 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 Taqa Morocco (CAS:TQM) Overvalued in 2026?

Based on GuruFocus' analysis, Taqa Morocco stock appears to be overvalued. The current stock price of MAD1,788.00 is trading 45.6% above its estimated GF Value™ of MAD1,227.80. GuruFocus considers Taqa Morocco to be Significantly Overvalued.

Key valuation signals for CAS:TQM:

  • Scaled Net Operating Assets: 0.67
  • GF Value™: MAD1,227.80 vs. price of MAD1,788.00 (45.6% above fair value)
  • GF Score™: 74/100 with 5 warning signs

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


Taqa Morocco Business Description

Address B.P. 99 - Sidi Bouzid, PK23, Route regionale 301, Centrale Thermique de Jorf Lasfar, Commune Moulay Abdellah, El Jadida, MAR
Taqa Morocco SA is a producer of electricity in Morocco. The company provides associated activities in the oil and gas sectors, the storage of the oil and gas products, electricity and water as well as transport infrastructure across Canada, Ghana, India, Iraq, Morocco, the Netherlands, Oman, Saudi Arabia, the United Arab Emirates, the United Kingdom, and the United States.
74GF Score

Get the complete analysis for CAS:TQM

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MAD1,788.00
Price
MAD1,227.80
GF Value