Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
The AES's operating assets for the quarter that ended in Mar. 2026 was €44,260 Mil. The AES's operating liabilities for the quarter that ended in Mar. 2026 was €10,781 Mil. The AES's Total Assets for the quarter that ended in Dec. 2025 was €44,210 Mil. Therefore, The AES's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.76.
The AES Scaled Net Operating Assets Related Terms
The AES Scaled Net Operating Assets Historical Data
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The historical data trend for The AES'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.
FRA:AES vs AVA, UTL, SRE: Scaled Net Operating Assets Comparison
For the Utilities - Diversified subindustry, The AES'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.
The AES Scaled Net Operating Assets vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, The AES's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where The AES's Scaled Net Operating Assets falls into.
* 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?
The AES (FRA:AES) 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 The AES and its competitors.
Is The AES's Scaled Net Operating Assets too high?
The AES's current Scaled Net Operating Assets is 0.76. Overall, The AES has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does The AES's Scaled Net Operating Assets compare to AVA and UTL?
The AES's Scaled Net Operating Assets of 0.76 can be compared against companies in the Utilities - Regulated 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 - Regulated company?
A good Scaled Net Operating Assets depends on the Utilities - Regulated 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 The AES and its competitors. The AES'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 The AES stock overvalued right now?
Based on GuruFocus' analysis, The AES (FRA:AES) is currently considered Fairly Valued. The stock's GF Value™ is €13.04, compared to a current price of €12.80 — trading 1.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.76. The AES's overall GF Score™ is 76/100 with 9 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 The AES (FRA:AES), 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 The AES (FRA:AES) Overvalued in 2026?
Based on GuruFocus' analysis, The AES stock appears to be undervalued.
The current stock price of €12.80 is trading 1.8% below its estimated GF Value™ of €13.04.
GuruFocus considers The AES to be Fairly Valued.
Key valuation signals for FRA:AES:
Scaled Net Operating Assets: 0.76
GF Value™: €13.04 vs. price of €12.80 (1.8% below fair value)
No single metric tells the full story. See the FRA:AES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AES is a global power company that operates in 15 countries. Its generation portfolio totals over 32 gigawatts, including renewable energy, gas, coal, and oil. AES has majority ownership in and operates numerous electric utilities.
76GF 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.
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