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Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
MGE Energy's operating assets for the quarter that ended in Mar. 2026 was €2,747.4 Mil. MGE Energy's operating liabilities for the quarter that ended in Mar. 2026 was €774.4 Mil. MGE Energy's Total Assets for the quarter that ended in Dec. 2025 was €2,694.7 Mil. Therefore, MGE Energy's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.73.
MGE Energy Scaled Net Operating Assets Related Terms
MGE Energy Scaled Net Operating Assets Historical Data
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The historical data trend for MGE Energy'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:MG1 vs HE, NWE, IMSR: Scaled Net Operating Assets Comparison
For the Utilities - Regulated Electric subindustry, MGE Energy'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.
MGE Energy Scaled Net Operating Assets vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, MGE Energy's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where MGE Energy'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 0.73 mean?
MGE Energy (FRA:MG1) has a Scaled Net Operating Assets of 0.73 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 MGE Energy and its competitors.
Is MGE Energy's Scaled Net Operating Assets too high?
MGE Energy's current Scaled Net Operating Assets is 0.73. Overall, MGE Energy has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does MGE Energy's Scaled Net Operating Assets compare to HE and NWE?
MGE Energy's Scaled Net Operating Assets of 0.73 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 MGE Energy and its competitors. MGE Energy's current Scaled Net Operating Assets is 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGE Energy stock overvalued right now?
MGE Energy (FRA:MG1) has a current Scaled Net Operating Assets of 0.73. The stock's GF Value™ is €76.09, compared to a current price of €71.50 — trading 6% below its estimated fair value. The current Scaled Net Operating Assets is 0.73. MGE Energy's overall GF Score™ is 73/100 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 MGE Energy (FRA:MG1), the current Scaled Net Operating Assets is 0.73 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 MGE Energy (FRA:MG1) Overvalued in 2026?
Based on GuruFocus' analysis, MGE Energy stock appears to be undervalued.
The current stock price of €71.50 is trading 6% below its estimated GF Value™ of €76.09.
Key valuation signals for FRA:MG1:
Scaled Net Operating Assets: 0.73
GF Value™: €76.09 vs. price of €71.50 (6% below fair value)
No single metric tells the full story. See the FRA:MG1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MGE Energy provides electric service to 170,000 customers and natural gas service to 180,000 customers in Madison, Wisconsin, and surrounding areas. Nearly 90% of customers are residential. The company also owns a 3.6% stake in American Transmission Co. MGE owns interests in two coal power plants that earn guaranteed fixed rates of return, contributing about 20% of earnings.
73GF 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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