Xstate Resources (FRA:XW7) Scaled Net Operating Assets: 1.37 (As of Dec. 2025)

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What is Xstate Resources Scaled Net Operating Assets?

Xstate Resources FRA:XW7 Scaled Net Operating Assets is 1.37 as of Dec. 2025. 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.

Xstate Resources's operating assets for the quarter that ended in Dec. 2025 was €2.89 Mil. Xstate Resources's operating liabilities for the quarter that ended in Dec. 2025 was €0.47 Mil. Xstate Resources's Total Assets for the quarter that ended in Jun. 2025 was €1.77 Mil. Therefore, Xstate Resources's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 1.37.


Xstate Resources Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Xstate 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.

Xstate Resources Scaled Net Operating Assets Chart

Xstate Resources 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 2.75 -0.00 0.04 -0.01 0.89

Xstate Resources Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.04 0.18 -0.03 0.03 1.37

FRA:XW7 vs COP, EOG, FANG: Scaled Net Operating Assets Comparison

For the Oil & Gas E&P subindustry, Xstate 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.


Xstate Resources Scaled Net Operating Assets vs Oil & Gas Industry

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

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



Xstate Resources 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.

Xstate Resources'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 )
=(2.892-0.467)/2.737
=0.89

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4.546 - 1.654
=2.892

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.467 - 0 - 0
=0.467

Xstate Resources's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(2.892-0.467)/1.769
=1.37

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4.546 - 1.654
=2.892

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.467 - 0 - 0
=0.467

* 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 1.37 mean?
Xstate Resources (FRA:XW7) has a Scaled Net Operating Assets of 1.37 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Xstate Resources and its competitors.
Is Xstate Resources' Scaled Net Operating Assets too high?
Xstate Resources' current Scaled Net Operating Assets is 1.37.
How does Xstate Resources' Scaled Net Operating Assets compare to COP and EOG?
Xstate Resources' Scaled Net Operating Assets of 1.37 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 Xstate Resources and its competitors. Xstate Resources's current Scaled Net Operating Assets is 1.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xstate Resources stock overvalued right now?
Xstate Resources (FRA:XW7) has a current Scaled Net Operating Assets of 1.37. The current Scaled Net Operating Assets is 1.37. 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 Xstate Resources (FRA:XW7), the current Scaled Net Operating Assets is 1.37 as of Dec. 2025. 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.

Xstate Resources Business Description

Industry EnergyOil & Gas
Other Exchanges XST:Australia
Address Level 1, 31 Cliff Street, Fremantle, WA, AUS, 6160
Xstate Resources Ltd is engaged in oil and natural gas exploration, having historically held exploration and evaluation interests in the United States of America, and holding working interests in oil production assets in Canada and Austria. The Group currently operates in a single segment based on operation performed, and on geography, being oil & gas exploration activities on-shore Australia. Its Queensland project includes the drill-ready Diona Prospect, located near existing production infrastructure and targeting 3 stacked gas reservoir objectives in geologic plays.