Southern Copper (LIM:SCCO) Scaled Net Operating Assets: 0.65 (As of Mar. 2026)


LIM:SCCO Southern Copper Corp LIM:SCCO
86 GF Score
Price $170.80
GF Value $122.87
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Southern Copper Scaled Net Operating Assets?

Southern Copper LIM:SCCO 86 Scaled Net Operating Assets is 0.65 as of Mar. 2026. GuruFocus rates LIM:SCCO with a GF Score™ of 86/100 and a GF Value™ of $122.87 (Significantly Overvalued). The stock has 1 warning sign investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Southern Copper's operating assets for the quarter that ended in Mar. 2026 was $16,580 Mil. Southern Copper's operating liabilities for the quarter that ended in Mar. 2026 was $2,669 Mil. Southern Copper's Total Assets for the quarter that ended in Dec. 2025 was $21,381 Mil. Therefore, Southern Copper's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.65.

Southern Copper Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Southern Copper'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.

Southern Copper Scaled Net Operating Assets Chart

Southern Copper 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 0.72 0.71 0.74 0.76 0.73

Southern Copper 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 0.71 0.68 0.69 0.67 0.65

LIM:SCCO vs FCX, IE, COPRD: Scaled Net Operating Assets Comparison

For the Copper subindustry, Southern Copper'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.

Southern Copper Scaled Net Operating Assets vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Southern Copper's Scaled Net Operating Assets distribution charts can be found below:

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


LIM:SCCO
86GF Score
Southern Copper Corp LIM:SCCO
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Southern Copper 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.

Southern Copper'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 )
=(16472.2-2863)/18713.5
=0.73

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=21381.4 - 4909.2
=16472.2

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=10276.5 - 7327 - 86.5
=2863

Southern Copper'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 )
=(16580.4-2668.8)/21381.4
=0.65

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=21929.9 - 5349.5
=16580.4

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=10070.5 - 7313.2 - 88.5
=2668.8

* 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 0.65 mean?
Southern Copper (LIM:SCCO) has a Scaled Net Operating Assets of 0.65 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 Southern Copper and its competitors.
Is Southern Copper's Scaled Net Operating Assets too high?
Southern Copper's current Scaled Net Operating Assets is 0.65. Overall, Southern Copper has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Southern Copper's Scaled Net Operating Assets compare to FCX and IE?
Southern Copper's Scaled Net Operating Assets of 0.65 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 Southern Copper and its competitors. Southern Copper's current Scaled Net Operating Assets is 0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Southern Copper stock overvalued right now?
Based on GuruFocus' analysis, Southern Copper (LIM:SCCO) is currently considered Significantly Overvalued. The stock's GF Value™ is $122.87, compared to a current price of $170.80 — trading 39% above its estimated fair value. The current Scaled Net Operating Assets is 0.65. Southern Copper's overall GF Score™ is 86/100 with 1 warning sign 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 Southern Copper (LIM:SCCO), the current Scaled Net Operating Assets is 0.65 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 Southern Copper (LIM:SCCO) Overvalued in 2026?

Based on GuruFocus' analysis, Southern Copper stock appears to be overvalued. The current stock price of $170.80 is trading 39% above its estimated GF Value™ of $122.87. GuruFocus considers Southern Copper to be Significantly Overvalued.

Key valuation signals for LIM:SCCO:

  • Scaled Net Operating Assets: 0.65
  • GF Value™: $122.87 vs. price of $170.80 (39% above fair value)
  • GF Score™: 86/100 with 1 warning sign

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

Southern Copper Business Description

Address 7310 North 16th Street, Suite 135, Phoenix, AZ, USA, 85020
Southern Copper Corp is an integrated producer of copper and other minerals and operates the mining, smelting, and refining facilities in Peru and Mexico. Its production includes copper, molybdenum, zinc, and silver. The company operates through the following segments: Peruvian operations, Mexican open-pit operations, and Mexican underground mining operations. It generates the majority of its revenue from the sale of copper and the rest from the sale of non-copper products, such as molybdenum, silver, zinc, lead, and gold. The company's geographical segments are The Americas, Europe, and Asia.
86GF Score

Get the complete analysis for LIM:SCCO

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

$170.80
Price
$122.87
GF Value