CDUAF (Canadian Utilities) Scaled Net Operating Assets: 0.75 (As of Mar. 2026)


CDUAF Canadian Utilities Ltd CDUAF
71 GF Score
Price $36.67
GF Value $26.42
Valuation Significantly Overvalued
! 14 Warning Signs
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What is Canadian Utilities Scaled Net Operating Assets?

Canadian Utilities CDUAF -0.07% 71 Scaled Net Operating Assets is 0.75 as of Mar. 2026. GuruFocus rates CDUAF with a GF Score™ of 71/100 and a GF Value™ of $26.42 (Significantly Overvalued). The stock has 14 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.

Canadian Utilities's operating assets for the quarter that ended in Mar. 2026 was $17,426 Mil. Canadian Utilities's operating liabilities for the quarter that ended in Mar. 2026 was $4,103 Mil. Canadian Utilities's Total Assets for the quarter that ended in Dec. 2025 was $17,786 Mil. Therefore, Canadian Utilities's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.75.


Canadian Utilities Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Canadian Utilities'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.

Canadian Utilities Scaled Net Operating Assets Chart

Canadian Utilities 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 0.77 0.71 0.80 0.73 0.79

Canadian Utilities 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 0.75 0.79 0.76 0.74 0.75

CDUAF vs SRE, AES: Scaled Net Operating Assets Comparison

For the Utilities - Diversified subindustry, Canadian Utilities'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.


Canadian Utilities Scaled Net Operating Assets vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Canadian Utilities's Scaled Net Operating Assets distribution charts can be found below:

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


CDUAF
71GF Score
Canadian Utilities Ltd CDUAF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Canadian Utilities 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.

Canadian Utilities'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 )
=(17162.74-4028.271)/16696.147
=0.79

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=17786.154 - 623.414
=17162.74

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=13003.262 - 8683.581 - 291.41
=4028.271

Canadian Utilities'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 )
=(17426.384-4103.499)/17786.154
=0.75

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=17865.16 - 438.776
=17426.384

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=12951.895 - 8546.647 - 301.749
=4103.499

* 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 0.75 mean?
Canadian Utilities (CDUAF) has a Scaled Net Operating Assets of 0.75 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 Canadian Utilities and its competitors.
Is Canadian Utilities' Scaled Net Operating Assets too high?
Canadian Utilities' current Scaled Net Operating Assets is 0.75. Overall, Canadian Utilities has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Canadian Utilities' Scaled Net Operating Assets compare to SRE and AES?
Canadian Utilities' Scaled Net Operating Assets of 0.75 can be compared against companies in the Utilities - Regulated 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 - Regulated company?
A good Scaled Net Operating Assets depends on the Utilities - Regulated 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 Canadian Utilities and its competitors. Canadian Utilities's current Scaled Net Operating Assets is 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canadian Utilities stock overvalued right now?
Based on GuruFocus' analysis, Canadian Utilities (CDUAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $26.42, compared to a current price of $36.67 — trading 38.8% above its estimated fair value. The current Scaled Net Operating Assets is 0.75. Canadian Utilities' overall GF Score™ is 71/100 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 Canadian Utilities (CDUAF), the current Scaled Net Operating Assets is 0.75 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 Canadian Utilities (CDUAF) Overvalued in 2026?

Based on GuruFocus' analysis, Canadian Utilities stock appears to be overvalued. The current stock price of $36.67 is trading 38.8% above its estimated GF Value™ of $26.42. GuruFocus considers Canadian Utilities to be Significantly Overvalued.

Key valuation signals for CDUAF:

  • Scaled Net Operating Assets: 0.75
  • GF Value™: $26.42 vs. price of $36.67 (38.8% above fair value)
  • GF Score™: 71/100 with 14 warning signs

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


Canadian Utilities Business Description

Address 5302 Forand Street South West, 4th Floor, West Building, Corporate Governance & Secretarial, Calgary, AB, CAN, T3E 8B4
Canadian Utilities Ltd, a subsidiary of holding company Atco, offers gas and electricity services. The company is engaged in segments that include ATCO Energy Systems, ATCO EnPower, ATCO Australia, and Corporate & Other. Headquartered in Calgary, Alberta, the firm mainly operates in Canada, Australia, and others. The company generates maximum revenue from Canada. Canadian Utilities launched a large venture called Atco Energy, which provides low-cost and sustainable energy solutions for Alberta.
71GF Score

Get the complete analysis for CDUAF

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

$36.67
Price
$26.42
GF Value