CP (Canadian Pacific Kansas City) Scaled Net Operating Assets: 0.83 (As of Mar. 2026)


CP Canadian Pacific Kansas City Ltd CP
80 GF Score
Price $84.78
GF Value $86.98
Valuation Fairly Valued
! 7 Warning Signs
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What is Canadian Pacific Kansas City Scaled Net Operating Assets?

Canadian Pacific Kansas City CP -0.60% 80 Scaled Net Operating Assets is 0.83 as of Mar. 2026. GuruFocus rates CP with a GF Score™ of 80/100 and a GF Value™ of $86.98 (Fairly Valued). The stock has 7 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 Pacific Kansas City's operating assets for the quarter that ended in Mar. 2026 was $63,612 Mil. Canadian Pacific Kansas City's operating liabilities for the quarter that ended in Mar. 2026 was $11,624 Mil. Canadian Pacific Kansas City's Total Assets for the quarter that ended in Dec. 2025 was $62,302 Mil. Therefore, Canadian Pacific Kansas City's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.83.


Canadian Pacific Kansas City Scaled Net Operating Assets Historical Data

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The historical data trend for Canadian Pacific Kansas City'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 Pacific Kansas City Scaled Net Operating Assets Chart

Canadian Pacific Kansas City 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 2.29 0.81 0.89 0.84 0.83

Canadian Pacific Kansas City 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 0.81 0.82 0.81 0.81 0.83

CP vs UNP, CSX, NSC: Scaled Net Operating Assets Comparison

For the Railroads subindustry, Canadian Pacific Kansas City'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 Pacific Kansas City Scaled Net Operating Assets vs Transportation Industry

For the Transportation industry and Industrials sector, Canadian Pacific Kansas City's Scaled Net Operating Assets distribution charts can be found below:

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


CP
80GF Score
Canadian Pacific Kansas City Ltd CP
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Canadian Pacific Kansas City 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 Pacific Kansas City'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 )
=(62168.177-11251.903)/61587.703
=0.83

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=62301.559 - 133.382
=62168.177

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=28358.101 - 14677.057 - 2429.141
=11251.903

Canadian Pacific Kansas City'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 )
=(63611.516-11623.907)/62301.559
=0.83

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=63909.621 - 298.105
=63611.516

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=29349.854 - 15949.708 - 1776.239
=11623.907

* 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?
Canadian Pacific Kansas City (CP) 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 Canadian Pacific Kansas City and its competitors.
Is Canadian Pacific Kansas City's Scaled Net Operating Assets too high?
Canadian Pacific Kansas City's current Scaled Net Operating Assets is 0.83. Overall, Canadian Pacific Kansas City has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Canadian Pacific Kansas City's Scaled Net Operating Assets compare to UNP and CSX?
Canadian Pacific Kansas City's Scaled Net Operating Assets of 0.83 can be compared against companies in the Transportation 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 Transportation company?
A good Scaled Net Operating Assets depends on the Transportation 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 Pacific Kansas City and its competitors. Canadian Pacific Kansas City'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 Canadian Pacific Kansas City stock overvalued right now?
Based on GuruFocus' analysis, Canadian Pacific Kansas City (CP) is currently considered Fairly Valued. The stock's GF Value™ is $86.98, compared to a current price of $84.78 — trading 2.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.83. Canadian Pacific Kansas City's overall GF Score™ is 80/100 with 7 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 Pacific Kansas City (CP), 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 Canadian Pacific Kansas City (CP) Overvalued in 2026?

Based on GuruFocus' analysis, Canadian Pacific Kansas City stock appears to be undervalued. The current stock price of $84.78 is trading 2.5% below its estimated GF Value™ of $86.98. GuruFocus considers Canadian Pacific Kansas City to be Fairly Valued.

Key valuation signals for CP:

  • Scaled Net Operating Assets: 0.83
  • GF Value™: $86.98 vs. price of $84.78 (2.5% below fair value)
  • GF Score™: 80/100 with 7 warning signs

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


Canadian Pacific Kansas City Business Description

Address 7550 Ogden Dale Road SE, Calgary, AB, CAN, T2C 4X9
Canadian Pacific Kansas City is a Class I railroad operating on tracks that span most of Canada and into parts of the Midwestern and Northeastern United States. Following the April 2023 Kansas City Southern merger, CPKC operates new single-linehaul services from Canada and the Upper Midwest down through Texas, the Gulf of Mexico, and into Mexico. It also hauls cross-border and intra-Mexico freight via operating concessions on more than 3,000 miles of rail in Mexico. CPKC hauls shipments of grain, intermodal containers, energy products (like crude and frac sand), chemicals, plastics, coal, fertilizer and potash, automotive products, and a diverse mix of other merchandise.
80GF Score

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$84.78
Price
$86.98
GF Value