CPXWF (Capital Power) Scaled Net Operating Assets: 0.76 (As of Mar. 2026)


CPXWF Capital Power Corp CPXWF
72 GF Score
Price $52.65
GF Value $28.19
Valuation Significantly Overvalued
! 15 Warning Signs
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What is Capital Power Scaled Net Operating Assets?

Capital Power CPXWF 72 Scaled Net Operating Assets is 0.76 as of Mar. 2026. GuruFocus rates CPXWF with a GF Score™ of 72/100 and a GF Value™ of $28.19 (Significantly Overvalued). The stock has 15 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.

Capital Power's operating assets for the quarter that ended in Mar. 2026 was $11,287 Mil. Capital Power's operating liabilities for the quarter that ended in Mar. 2026 was $2,777 Mil. Capital Power's Total Assets for the quarter that ended in Dec. 2025 was $11,193 Mil. Therefore, Capital Power's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.76.


Capital Power Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Capital Power'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.

Capital Power Scaled Net Operating Assets Chart

Capital Power 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 0.67 0.63 0.66 0.75 0.93

Capital Power 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 0.69 0.95 0.76 0.76 0.76

CPXWF vs CEG, VST, NRG: Scaled Net Operating Assets Comparison

For the Utilities - Independent Power Producers subindustry, Capital Power'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.


Capital Power Scaled Net Operating Assets vs Utilities - Independent Power Producers Industry

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

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


CPXWF
72GF Score
Capital Power Corp CPXWF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Capital Power 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.

Capital Power'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 )
=(11123.596-2687.931)/9075.595
=0.93

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=11193.186 - 69.59
=11123.596

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7678.144 - 4738.673 - 251.54
=2687.931

Capital Power'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 )
=(11287.172-2776.968)/11193.186
=0.76

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=11388.484 - 101.312
=11287.172

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7891.399 - 4574.344 - 540.087
=2776.968

* 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 0.76 mean?
Capital Power (CPXWF) has a Scaled Net Operating Assets of 0.76 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 Capital Power and its competitors.
Is Capital Power's Scaled Net Operating Assets too high?
Capital Power's current Scaled Net Operating Assets is 0.76. Overall, Capital Power has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Capital Power's Scaled Net Operating Assets compare to CEG and VST?
Capital Power's Scaled Net Operating Assets of 0.76 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 Capital Power and its competitors. Capital Power's current Scaled Net Operating Assets is 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Capital Power stock overvalued right now?
Based on GuruFocus' analysis, Capital Power (CPXWF) is currently considered Significantly Overvalued. The stock's GF Value™ is $28.19, compared to a current price of $52.65 — trading 86.8% above its estimated fair value. The current Scaled Net Operating Assets is 0.76. Capital Power's overall GF Score™ is 72/100 with 15 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 Capital Power (CPXWF), the current Scaled Net Operating Assets is 0.76 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 Capital Power (CPXWF) Overvalued in 2026?

Based on GuruFocus' analysis, Capital Power stock appears to be overvalued. The current stock price of $52.65 is trading 86.8% above its estimated GF Value™ of $28.19. GuruFocus considers Capital Power to be Significantly Overvalued.

Key valuation signals for CPXWF:

  • Scaled Net Operating Assets: 0.76
  • GF Value™: $28.19 vs. price of $52.65 (86.8% above fair value)
  • GF Score™: 72/100 with 15 warning signs

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


Capital Power Business Description

Address 10423 101 Street NW, Suite 1200, Edmonton, AB, CAN, T5H 0E9
Capital Power Corp is a North American power producer whose principal activities are developing, acquiring, and operating power plants. Through its subsidiary, Capital Power owns and operates a portfolio of natural gas, coal, wind, solar, and solid fuel energy generating facilities. These are located throughout Western and Central Canada and the U.S. Capital Power's natural gas and coal facilities, specifically its Genesee and Shepard sites, account for its electric capacity and cash flow production. The company generates the vast majority of its revenue from sale of electricity and natural gas. The company's customers include a variety of industrial and commercial consumers, independent transmission system operators, and government-owned entities.
72GF 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.

$52.65
Price
$28.19
GF Value