Horizon Petroleum (FRA:HPM) Scaled Net Operating Assets: -15.65 (As of Feb. 2026)


FRA:HPM Horizon Petroleum Ltd FRA:HPM
25 GF Score
Price €0.08
! 2 Warning Signs
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What is Horizon Petroleum Scaled Net Operating Assets?

Horizon Petroleum FRA:HPM -4.99% 25 Scaled Net Operating Assets is -15.65 as of Feb. 2026. GuruFocus rates FRA:HPM with a GF Score™ of 25/100. The stock has 2 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.

Horizon Petroleum's operating assets for the quarter that ended in Feb. 2026 was €0.11 Mil. Horizon Petroleum's operating liabilities for the quarter that ended in Feb. 2026 was €2.52 Mil. Horizon Petroleum's Total Assets for the quarter that ended in Nov. 2025 was €0.15 Mil. Therefore, Horizon Petroleum's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was -15.65.


Horizon Petroleum Scaled Net Operating Assets Historical Data

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The historical data trend for Horizon Petroleum'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.

Horizon Petroleum Scaled Net Operating Assets Chart

Horizon Petroleum Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only -53.74 -60.29 -50.56 -17.17 -29.08

Horizon Petroleum Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 -3.68 -7.27 -5.45 -11.36 -15.65

FRA:HPM vs COP, EOG, FANG: Scaled Net Operating Assets Comparison

For the Oil & Gas E&P subindustry, Horizon Petroleum'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.


Horizon Petroleum Scaled Net Operating Assets vs Oil & Gas Industry

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

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


FRA:HPM
25GF Score
Horizon Petroleum Ltd FRA:HPM
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Horizon Petroleum 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.

Horizon Petroleum's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Aug. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Aug. 2025 )
=(Operating Assets (A: Aug. 2025 )-Operating Liabilities (A: Aug. 2025 ))/Total Assets (A: Aug. 2024 )
=(0.14-2.379)/0.077
=-29.08

where

Operating Assets(A: Aug. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=0.209 - 0.069
=0.14

Operating Liabilities(A: Aug. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.814 - 0 - 0.435
=2.379

Horizon Petroleum's Scaled Net Operating Assets (SNOA) for the quarter that ended in Feb. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Feb. 2026 )
=(Operating Assets (Q: Feb. 2026 )-Operating Liabilities (Q: Feb. 2026 ))/Total Assets (Q: Nov. 2025 )
=(0.113-2.523)/0.154
=-15.65

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=0.231 - 0.118
=0.113

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3.199 - 0.189 - 0.487
=2.523

* 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 -15.65 mean?
Horizon Petroleum (FRA:HPM) has a Scaled Net Operating Assets of -15.65 as of Feb. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Horizon Petroleum and its competitors.
Is Horizon Petroleum's Scaled Net Operating Assets too high?
Horizon Petroleum's current Scaled Net Operating Assets is -15.65. Overall, Horizon Petroleum has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does Horizon Petroleum's Scaled Net Operating Assets compare to COP and EOG?
Horizon Petroleum's Scaled Net Operating Assets of -15.65 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 Horizon Petroleum and its competitors. Horizon Petroleum's current Scaled Net Operating Assets is -15.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horizon Petroleum stock overvalued right now?
Horizon Petroleum (FRA:HPM) has a current Scaled Net Operating Assets of -15.65. The current Scaled Net Operating Assets is -15.65. Horizon Petroleum's overall GF Score™ is 25/100 with 2 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 Horizon Petroleum (FRA:HPM), the current Scaled Net Operating Assets is -15.65 as of Feb. 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.

Horizon Petroleum Business Description

Industry EnergyOil & Gas
Other Exchanges HPL:Canada
Address 540 - 5th Avenue SW, Suite 920, Calgary, AB, CAN, T2P 0M2
Horizon Petroleum Ltd is involved in the exploration, acquisition, and development of oil and gas properties. The current operating projects of the company are Cieszyn and Bielsko-Biala properties in Poland. Bielsko-Biala contains the large undeveloped natural gas accumulation at Lachowice. Its operation for Cieszyn concession is located in the Carpathian Foreland Basin and on trend with a number of gas fields.
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