Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Teck Resources's operating assets for the quarter that ended in Mar. 2026 was €25,983 Mil. Teck Resources's operating liabilities for the quarter that ended in Mar. 2026 was €6,095 Mil. Teck Resources's Total Assets for the quarter that ended in Dec. 2025 was €28,128 Mil. Therefore, Teck Resources's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.71.
Teck Resources Scaled Net Operating Assets Related Terms
Teck Resources Scaled Net Operating Assets Historical Data
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The historical data trend for Teck Resources'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.
Teck Resources Scaled Net Operating Assets Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Teck Resources'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.
Teck Resources Scaled Net Operating Assets vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Teck Resources's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Teck Resources'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 0.71 mean?
Teck Resources (FRA:TPT) has a Scaled Net Operating Assets of 0.71 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 Teck Resources and its competitors.
Is Teck Resources' Scaled Net Operating Assets too high?
Teck Resources' current Scaled Net Operating Assets is 0.71. Overall, Teck Resources has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Teck Resources' Scaled Net Operating Assets compare to competitors?
Teck Resources' Scaled Net Operating Assets of 0.71 can be compared against companies in the Metals & Mining 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 a Metals & Mining company?
A good Scaled Net Operating Assets depends on the Metals & Mining 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 Teck Resources and its competitors. Teck Resources's current Scaled Net Operating Assets is 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Teck Resources stock overvalued right now?
Teck Resources (FRA:TPT) has a current Scaled Net Operating Assets of 0.71. The stock's GF Value™ is €47.12, compared to a current price of €47.60 — trading 1% above its estimated fair value. The current Scaled Net Operating Assets is 0.71. Teck Resources' overall GF Score™ is 75/100 with 8 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 Teck Resources (FRA:TPT), the current Scaled Net Operating Assets is 0.71 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 Teck Resources (FRA:TPT) Overvalued in 2026?
Based on GuruFocus' analysis, Teck Resources stock appears to be overvalued.
The current stock price of €47.60 is trading 1% above its estimated GF Value™ of €47.12.
Key valuation signals for FRA:TPT:
Scaled Net Operating Assets: 0.71
GF Value™: €47.12 vs. price of €47.60 (1% above fair value)
No single metric tells the full story. See the FRA:TPT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Teck is a base metals miner with copper and zinc operations in Canada, the United States, Chile, and Peru. After selling its metallurgical coal business, copper is now its major commodity by EBITDA contribution, followed by zinc. Teck is a top-three zinc miner. Its major new copper mine in Chile at the majority-owned Quebrada Blanca 2, in partnership with Sumitomo, will drive an increase in Teck's attributable copper production by roughly 80%. Along with a number of additional copper growth options, Teck's strategy is to rebalance its portfolio to low-carbon metals such as copper. It sold its oil sands business in early 2023 and its coal business in mid-2024. In September 2025, it agreed to merge with Anglo American in an all-equity deal.
75GF Score
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