FOJCF (Fortum Oyj) Scaled Net Operating Assets: 0.58 (As of Mar. 2026)


FOJCF Fortum Oyj FOJCF
65 GF Score
Price $22.00
GF Value $13.87
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Fortum Oyj Scaled Net Operating Assets?

Fortum Oyj FOJCF 65 Scaled Net Operating Assets is 0.58 as of Mar. 2026. GuruFocus rates FOJCF with a GF Score™ of 65/100 and a GF Value™ of $13.87 (Significantly Overvalued). The stock has 4 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.

Fortum Oyj's operating assets for the quarter that ended in Mar. 2026 was $15,625 Mil. Fortum Oyj's operating liabilities for the quarter that ended in Mar. 2026 was $4,362 Mil. Fortum Oyj's Total Assets for the quarter that ended in Dec. 2025 was $19,255 Mil. Therefore, Fortum Oyj's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.58.

Fortum Oyj Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Fortum Oyj'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.

Fortum Oyj Scaled Net Operating Assets Chart

Fortum Oyj 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 0.37 0.07 0.45 0.50 0.68

Fortum Oyj 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 0.60 0.60 0.63 0.66 0.59

Fortum Oyj Scaled Net Operating Assets Competitor Comparison

For the Utilities - Renewable subindustry, Fortum Oyj'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.

Fortum Oyj Scaled Net Operating Assets vs Utilities - Independent Power Producers Industry

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

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


FOJCF
65GF Score
Fortum Oyj FOJCF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Fortum Oyj 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.

Fortum Oyj'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 )
=(15857.143-3604.216)/18122.513
=0.68

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=19255.269 - 3398.126
=15857.143

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9161.593 - 4209.602 - 1347.775
=3604.216

Fortum Oyj'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 )
=(15625.433-4361.849)/19255.269
=0.58

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=18490.173 - 2864.74
=15625.433

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8924.855 - 4243.931 - 319.075
=4361.849

* 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 0.58 mean?
Fortum Oyj (FOJCF) has a Scaled Net Operating Assets of 0.58 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 Fortum Oyj and its competitors.
Is Fortum Oyj's Scaled Net Operating Assets too high?
Fortum Oyj's current Scaled Net Operating Assets is 0.58. Overall, Fortum Oyj has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fortum Oyj's Scaled Net Operating Assets compare to competitors?
Fortum Oyj's Scaled Net Operating Assets of 0.58 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 Fortum Oyj and its competitors. Fortum Oyj's current Scaled Net Operating Assets is 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortum Oyj stock overvalued right now?
Based on GuruFocus' analysis, Fortum Oyj (FOJCF) is currently considered Significantly Overvalued. The stock's GF Value™ is $13.87, compared to a current price of $22.00 — trading 58.6% above its estimated fair value. The current Scaled Net Operating Assets is 0.58. Fortum Oyj's overall GF Score™ is 65/100 with 4 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 Fortum Oyj (FOJCF), the current Scaled Net Operating Assets is 0.58 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 Fortum Oyj (FOJCF) Overvalued in 2026?

Based on GuruFocus' analysis, Fortum Oyj stock appears to be overvalued. The current stock price of $22.00 is trading 58.6% above its estimated GF Value™ of $13.87. GuruFocus considers Fortum Oyj to be Significantly Overvalued.

Key valuation signals for FOJCF:

  • Scaled Net Operating Assets: 0.58
  • GF Value™: $13.87 vs. price of $22.00 (58.6% above fair value)
  • GF Score™: 65/100 with 4 warning signs

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

Fortum Oyj Business Description

Address Keilalahdentie 2-4, CD Building, P.O. Box 100, Espoo, FIN, 02150
Fortum Oyj is a Finnish energy company that operates power plants that use renewable energy sources (hydro, nuclear, and solar power) to sell electricity, heat, cooling, and power products and services. The company mainly operates in Nordic and Baltic countries, Russia, Poland, and India. Its main divisions of the company are generation (large-scale power production), city solutions (sustainable energy solutions), Russia (all Russian operations), technology and new ventures (research and development and in-house incubator for startups), mergers and acquisitions, and solar and wind development. The company's operating segments are Generation, Consumer Solutions, and Other Operations.
65GF 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.

$22.00
Price
$13.87
GF Value