Frontline (CHIX:FROO) Scaled Net Operating Assets: 0.83 (As of Mar. 2026)


CHIX:FROO Frontline PLC CHIX:FROO
79 GF Score
Price kr371.50
GF Value kr276.43
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Frontline Scaled Net Operating Assets?

Frontline CHIX:FROO -6.90% 79 Scaled Net Operating Assets is 0.83 as of Mar. 2026. GuruFocus rates CHIX:FROO with a GF Score™ of 79/100 and a GF Value™ of kr276.43 (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.

Frontline's operating assets for the quarter that ended in Mar. 2026 was kr50,165 Mil. Frontline's operating liabilities for the quarter that ended in Mar. 2026 was kr1,870 Mil. Frontline's Total Assets for the quarter that ended in Dec. 2025 was kr58,151 Mil. Therefore, Frontline's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.83.


Frontline Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Frontline'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.

Frontline Scaled Net Operating Assets Chart

Frontline 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 1.03 1.12 1.21 1.03 0.77

Frontline 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 0.85 0.84 0.87 0.95 0.83

CHIX:FROO vs VNOM, GLNG, HESM: Scaled Net Operating Assets Comparison

For the Oil & Gas Midstream subindustry, Frontline'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.


Frontline Scaled Net Operating Assets vs Oil & Gas Industry

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

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


CHIX:FROO
79GF Score
Frontline PLC CHIX:FROO
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Frontline 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.

Frontline'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 )
=(55590.103-1768.748)/69799.943
=0.77

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=58151.333 - 2561.23
=55590.103

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=32774.14 - 27765.928 - 3239.464
=1768.748

Frontline'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 )
=(50165.098-1870.253)/58151.333
=0.83

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=54720.789 - 4555.691
=50165.098

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=27282.87 - 22712.14 - 2700.477
=1870.253

* 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 0.83 mean?
Frontline (CHIX:FROO) has a Scaled Net Operating Assets of 0.83 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 Frontline and its competitors.
Is Frontline's Scaled Net Operating Assets too high?
Frontline's current Scaled Net Operating Assets is 0.83. Overall, Frontline has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Frontline's Scaled Net Operating Assets compare to VNOM and GLNG?
Frontline's Scaled Net Operating Assets of 0.83 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 Frontline and its competitors. Frontline's current Scaled Net Operating Assets is 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frontline stock overvalued right now?
Based on GuruFocus' analysis, Frontline (CHIX:FROO) is currently considered Significantly Overvalued. The stock's GF Value™ is kr276.43, compared to a current price of kr371.50 — trading 34.4% above its estimated fair value. The current Scaled Net Operating Assets is 0.83. Frontline'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 Frontline (CHIX:FROO), the current Scaled Net Operating Assets is 0.83 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 Frontline (CHIX:FROO) Overvalued in 2026?

Based on GuruFocus' analysis, Frontline stock appears to be overvalued. The current stock price of kr371.50 is trading 34.4% above its estimated GF Value™ of kr276.43. GuruFocus considers Frontline to be Significantly Overvalued.

Key valuation signals for CHIX:FROO:

  • Scaled Net Operating Assets: 0.83
  • GF Value™: kr276.43 vs. price of kr371.50 (34.4% above fair value)
  • GF Score™: 79/100 with 1 warning sign

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


Frontline Business Description

Industry EnergyOil & Gas
Address 8, John Kennedy Street, Office 740B, 7th Floor, Iris House, Limassol, CYP, 3106
Frontline PLC is an international shipping company engaged in the seaborne transportation of crude oil and oil products. It owns and operates modern fleets in the industry, consisting of VLCCs, Suezmax tankers, LR2, and Aframax tankers, which operate in the spot and time charter markets. The vessels normally trade between the larger refinery centers around the world, such as the Gulf of Mexico, the Middle East, Rotterdam, and Singapore. The company generates the majority of its revenue from voyage and time charters. It has only one reportable segment: tankers.
79GF Score

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

kr371.50
Price
kr276.43
GF Value