CECO (CECO Environmental) Scaled Net Operating Assets: 0.62 (As of Mar. 2026)


CECO CECO Environmental Corp CECO
79 GF Score
Price $82.15
GF Value $43.43
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is CECO Environmental Scaled Net Operating Assets?

CECO Environmental CECO -3.97% 79 Scaled Net Operating Assets is 0.62 as of Mar. 2026. GuruFocus rates CECO with a GF Score™ of 79/100 and a GF Value™ of $43.43 (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.

CECO Environmental's operating assets for the quarter that ended in Mar. 2026 was $982.0 Mil. CECO Environmental's operating liabilities for the quarter that ended in Mar. 2026 was $428.8 Mil. CECO Environmental's Total Assets for the quarter that ended in Dec. 2025 was $893.8 Mil. Therefore, CECO Environmental's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.62.


CECO Environmental Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for CECO Environmental'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.

CECO Environmental Scaled Net Operating Assets Chart

CECO Environmental 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 0.60 0.71 0.67 0.77 0.70

CECO Environmental 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 0.67 0.56 0.60 0.59 0.62

CECO vs ZWS, PCT, ERII: Scaled Net Operating Assets Comparison

For the Pollution & Treatment Controls subindustry, CECO Environmental'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.


CECO Environmental Scaled Net Operating Assets vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, CECO Environmental's Scaled Net Operating Assets distribution charts can be found below:

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


CECO
79GF Score
CECO Environmental Corp CECO
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CECO Environmental 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.

CECO Environmental'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 )
=(860.625-330.546)/759.699
=0.70

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=893.769 - 33.144
=860.625

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=570.587 - 233.52 - 6.521
=330.546

CECO Environmental'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 )
=(981.964-428.804)/893.769
=0.62

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1027.375 - 45.411
=981.964

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=710.175 - 271.013 - 10.358
=428.804

* 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 0.62 mean?
CECO Environmental (CECO) has a Scaled Net Operating Assets of 0.62 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 CECO Environmental and its competitors.
Is CECO Environmental's Scaled Net Operating Assets too high?
CECO Environmental's current Scaled Net Operating Assets is 0.62. Overall, CECO Environmental has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CECO Environmental's Scaled Net Operating Assets compare to ZWS and PCT?
CECO Environmental's Scaled Net Operating Assets of 0.62 can be compared against companies in the Industrial Products 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 Industrial Products company?
A good Scaled Net Operating Assets depends on the Industrial Products 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 CECO Environmental and its competitors. CECO Environmental's current Scaled Net Operating Assets is 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CECO Environmental stock overvalued right now?
Based on GuruFocus' analysis, CECO Environmental (CECO) is currently considered Significantly Overvalued. The stock's GF Value™ is $43.43, compared to a current price of $82.15 — trading 89.2% above its estimated fair value. The current Scaled Net Operating Assets is 0.62. CECO Environmental's overall GF Score™ is 79/100 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 CECO Environmental (CECO), the current Scaled Net Operating Assets is 0.62 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 CECO Environmental (CECO) Overvalued in 2026?

Based on GuruFocus' analysis, CECO Environmental stock appears to be overvalued. The current stock price of $82.15 is trading 89.2% above its estimated GF Value™ of $43.43. GuruFocus considers CECO Environmental to be Significantly Overvalued.

Key valuation signals for CECO:

  • Scaled Net Operating Assets: 0.62
  • GF Value™: $43.43 vs. price of $82.15 (89.2% above fair value)
  • GF Score™: 79/100 with 1 warning sign

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


CECO Environmental Business Description

Other Exchanges WCE:Germany
Address 5080 Spectrum Drive, Suite 800E, Addison, TX, USA, 75001
CECO Environmental Corp is an industrial company, serving industrial air, industrial water, and energy transition markets. It offers various engineered and configured products and solutions, including dampers and diverters, selective catalytic reduction systems, severe-service and industrial cyclones, dust collectors, thermal oxidizers, filtration systems, wet and dry scrubbers, water treatment packages, industrial silencers, etc. These products are offered through brands like Western Airducts, WK, Wakefield Acoustics, Transcend, Verantis, and others. The company's reportable segments are: Engineered Systems, which derive maximum revenue, and Industrial Process Solutions. Geographically, it derives key revenue from the U.S., followed by the Netherlands, the UK, China, and other markets.
79GF Score

Get the complete analysis for CECO

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

$82.15
Price
$43.43
GF Value