Repsol (FRA:REP) Scaled Net Operating Assets: 0.35 (As of Mar. 2026)


FRA:REP Repsol SA FRA:REP
59 GF Score
Price €21.64
GF Value €14.36
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Repsol Scaled Net Operating Assets?

Repsol FRA:REP -0.05% 59 Scaled Net Operating Assets is 0.35 as of Mar. 2026. GuruFocus rates FRA:REP with a GF Score™ of 59/100 and a GF Value™ of €14.36 (Significantly Overvalued). 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.

Repsol's operating assets for the quarter that ended in Mar. 2026 was €56,876 Mil. Repsol's operating liabilities for the quarter that ended in Mar. 2026 was €36,329 Mil. Repsol's Total Assets for the quarter that ended in Dec. 2025 was €59,428 Mil. Therefore, Repsol's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.35.


Repsol Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Repsol'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.

Repsol Scaled Net Operating Assets Chart

Repsol 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 0.60 0.54 0.52 0.57 0.53

Repsol 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 0.35 0.32 0.32 0.57 0.35

FRA:REP vs XOM, CVX: Scaled Net Operating Assets Comparison

For the Oil & Gas Integrated subindustry, Repsol'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.


Repsol Scaled Net Operating Assets vs Oil & Gas Industry

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

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


FRA:REP
59GF Score
Repsol SA FRA:REP
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Repsol 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.

Repsol'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 )
=(51774-18572)/63186
=0.53

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=59428 - 7654
=51774

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=31810 - 11400 - 1838
=18572

Repsol'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 )
=(56876-36329)/59428
=0.35

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=65046 - 8170
=56876

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=36329 - 0 - 0
=36329

* 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 0.35 mean?
Repsol (FRA:REP) has a Scaled Net Operating Assets of 0.35 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 Repsol and its competitors.
Is Repsol's Scaled Net Operating Assets too high?
Repsol's current Scaled Net Operating Assets is 0.35. Overall, Repsol has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Repsol's Scaled Net Operating Assets compare to XOM and CVX?
Repsol's Scaled Net Operating Assets of 0.35 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 Repsol and its competitors. Repsol's current Scaled Net Operating Assets is 0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Repsol stock overvalued right now?
Based on GuruFocus' analysis, Repsol (FRA:REP) is currently considered Significantly Overvalued. The stock's GF Value™ is €14.36, compared to a current price of €21.64 — trading 50.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.35. Repsol's overall GF Score™ is 59/100 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 Repsol (FRA:REP), the current Scaled Net Operating Assets is 0.35 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 Repsol (FRA:REP) Overvalued in 2026?

Based on GuruFocus' analysis, Repsol stock appears to be overvalued. The current stock price of €21.64 is trading 50.7% above its estimated GF Value™ of €14.36. GuruFocus considers Repsol to be Significantly Overvalued.

Key valuation signals for FRA:REP:

  • Scaled Net Operating Assets: 0.35
  • GF Value™: €14.36 vs. price of €21.64 (50.7% above fair value)
  • GF Score™: 59/100 with 2 warning signs

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


Repsol Business Description

Industry EnergyOil & Gas
Address Calle Mendez Alvaro, 44, Madrid, ESP, 28045
Repsol is a Spanish integrated oil and gas firm. In 2025, production was 548,000 barrels of oil equivalent a day (34% liquids), and proven reserves stood at 1.75 billion barrels of oil equivalent (36% oil). It also operates a downstream segment with refining capacity of 1.0 million barrels a day and holds 6 GW of installed renewable power generation capacity.
59GF 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.

€21.64
Price
€14.36
GF Value