Independent Petroleum Group KSCP (KUW:IPG) Scaled Net Operating Assets: 0.43 (As of Mar. 2026)


KUW:IPG Independent Petroleum Group KSCP KUW:IPG
33 GF Score
Price KWD0.63
GF Value KWD0.36
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Independent Petroleum Group KSCP Scaled Net Operating Assets?

Independent Petroleum Group KSCP KUW:IPG 33 Scaled Net Operating Assets is 0.43 as of Mar. 2026. GuruFocus rates KUW:IPG with a GF Score™ of 33/100 and a GF Value™ of KWD0.36 (Significantly Overvalued). The stock has 5 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.

Independent Petroleum Group KSCP's operating assets for the quarter that ended in Mar. 2026 was KWD342.0 Mil. Independent Petroleum Group KSCP's operating liabilities for the quarter that ended in Mar. 2026 was KWD158.3 Mil. Independent Petroleum Group KSCP's Total Assets for the quarter that ended in Dec. 2025 was KWD422.6 Mil. Therefore, Independent Petroleum Group KSCP's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.43.


Independent Petroleum Group KSCP Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Independent Petroleum Group KSCP'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.

Independent Petroleum Group KSCP Scaled Net Operating Assets Chart

Independent Petroleum Group KSCP 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 0.47 0.42 0.44 0.36 0.44

Independent Petroleum Group KSCP 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 0.37 0.37 0.53 0.55 0.44

KUW:IPG vs XOM, CVX: Scaled Net Operating Assets Comparison

For the Oil & Gas Integrated subindustry, Independent Petroleum Group KSCP'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.


Independent Petroleum Group KSCP Scaled Net Operating Assets vs Oil & Gas Industry

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

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


KUW:IPG
33GF Score
Independent Petroleum Group KSCP KUW:IPG
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Independent Petroleum Group KSCP 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.

Independent Petroleum Group KSCP'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 )
=(279.731-66.352)/490.716
=0.43

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=422.632 - 142.901
=279.731

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=306.325 - 10.97 - 229.003
=66.352

Independent Petroleum Group KSCP'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 )
=(342.042-158.348)/422.632
=0.43

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=478.685 - 136.643
=342.042

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=367.95 - 11.032 - 198.57
=158.348

* 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 0.43 mean?
Independent Petroleum Group KSCP (KUW:IPG) has a Scaled Net Operating Assets of 0.43 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 Independent Petroleum Group KSCP and its competitors.
Is Independent Petroleum Group KSCP's Scaled Net Operating Assets too high?
Independent Petroleum Group KSCP's current Scaled Net Operating Assets is 0.43. Overall, Independent Petroleum Group KSCP has a GF Score™ of 33/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Independent Petroleum Group KSCP's Scaled Net Operating Assets compare to XOM and CVX?
Independent Petroleum Group KSCP's Scaled Net Operating Assets of 0.43 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 Independent Petroleum Group KSCP and its competitors. Independent Petroleum Group KSCP's current Scaled Net Operating Assets is 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Independent Petroleum Group KSCP stock overvalued right now?
Based on GuruFocus' analysis, Independent Petroleum Group KSCP (KUW:IPG) is currently considered Significantly Overvalued. The stock's GF Value™ is KWD0.36, compared to a current price of KWD0.63 — trading 75% above its estimated fair value. The current Scaled Net Operating Assets is 0.43. Independent Petroleum Group KSCP's overall GF Score™ is 33/100 with 5 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 Independent Petroleum Group KSCP (KUW:IPG), the current Scaled Net Operating Assets is 0.43 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 Independent Petroleum Group KSCP (KUW:IPG) Overvalued in 2026?

Based on GuruFocus' analysis, Independent Petroleum Group KSCP stock appears to be overvalued. The current stock price of KWD0.63 is trading 75% above its estimated GF Value™ of KWD0.36. GuruFocus considers Independent Petroleum Group KSCP to be Significantly Overvalued.

Key valuation signals for KUW:IPG:

  • Scaled Net Operating Assets: 0.43
  • GF Value™: KWD0.36 vs. price of KWD0.63 (75% above fair value)
  • GF Score™: 33/100 with 5 warning signs

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


Independent Petroleum Group KSCP Business Description

Industry EnergyOil & Gas
Address Area 1A, Street 7, 4th Ring Road, P.O. Box 24027, Building, No. 18, Jabriya, Safat, KWT, 13101
Independent Petroleum Group KSCP is engaged in the trading and marketing of crude oil, petroleum products. The trading of crude oil and petroleum products is also related to storage and distribution operations. LPG, petrochemicals, and fertilizers. In addition to this core activity, it has interests in terminals, pipelines, and shipping. The group operates in Europe, Africa and Middle East, and Asia and the Far East where Africa and the Middle East region generates maximum revenue.
33GF Score

Get the complete analysis for KUW:IPG

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

KWD0.63
Price
KWD0.36
GF Value