LNG (Cheniere Energy) Scaled Net Operating Assets: 0.71 (As of Mar. 2026)


LNG Cheniere Energy Inc LNG
75 GF Score
Price $244.28
GF Value $249.76
Valuation Fairly Valued
! 4 Warning Signs
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What is Cheniere Energy Scaled Net Operating Assets?

Cheniere Energy LNG +1.09% 75 Scaled Net Operating Assets is 0.71 as of Mar. 2026. GuruFocus rates LNG with a GF Score™ of 75/100 and a GF Value™ of $249.76 (Fairly Valued). The stock has 4 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.

Cheniere Energy's operating assets for the quarter that ended in Mar. 2026 was $45,540 Mil. Cheniere Energy's operating liabilities for the quarter that ended in Mar. 2026 was $11,766 Mil. Cheniere Energy's Total Assets for the quarter that ended in Dec. 2025 was $47,882 Mil. Therefore, Cheniere Energy's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.71.


Cheniere Energy Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Cheniere Energy'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.

Cheniere Energy Scaled Net Operating Assets Chart

Cheniere Energy 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 0.86 0.67 0.76 0.77 0.86

Cheniere Energy 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 0.75 0.81 0.80 0.83 0.71

LNG vs OKE, MPLX, TRGP: Scaled Net Operating Assets Comparison

For the Oil & Gas Midstream subindustry, Cheniere Energy'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.


Cheniere Energy Scaled Net Operating Assets vs Oil & Gas Industry

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

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


LNG
75GF Score
Cheniere Energy Inc LNG
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Cheniere Energy 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.

Cheniere Energy'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 )
=(46783-9289)/43858
=0.85

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=47882 - 1099
=46783

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=34804 - 24670 - 845
=9289

Cheniere Energy'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 )
=(45540-11766)/47882
=0.71

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=46845 - 1305
=45540

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=38173 - 24229 - 2178
=11766

* 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?
Cheniere Energy (LNG) 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 Cheniere Energy and its competitors.
Is Cheniere Energy's Scaled Net Operating Assets too high?
Cheniere Energy's current Scaled Net Operating Assets is 0.71. Overall, Cheniere Energy has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cheniere Energy's Scaled Net Operating Assets compare to OKE and MPLX?
Cheniere Energy's Scaled Net Operating Assets of 0.71 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 Cheniere Energy and its competitors. Cheniere Energy'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 Cheniere Energy stock overvalued right now?
Based on GuruFocus' analysis, Cheniere Energy (LNG) is currently considered Fairly Valued. The stock's GF Value™ is $249.76, compared to a current price of $244.28 — trading 2.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.71. Cheniere Energy's overall GF Score™ is 75/100 with 4 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 Cheniere Energy (LNG), 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 Cheniere Energy (LNG) Overvalued in 2026?

Based on GuruFocus' analysis, Cheniere Energy stock appears to be undervalued. The current stock price of $244.28 is trading 2.2% below its estimated GF Value™ of $249.76. GuruFocus considers Cheniere Energy to be Fairly Valued.

Key valuation signals for LNG:

  • Scaled Net Operating Assets: 0.71
  • GF Value™: $249.76 vs. price of $244.28 (2.2% below fair value)
  • GF Score™: 75/100 with 4 warning signs

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


Cheniere Energy Business Description

Industry EnergyOil & Gas
Address 845 Texas Avenue, Suite 1250, Houston, TX, USA, 77002
Cheniere Energy is a liquified natural gas, or LNG, producer with two facilities in Corpus Christi, Texas and Sabine Pass, Louisiana. It generates most of its revenue through long-term contracts with customers on a fixed and variable fee payout structure. It also generates revenue by selling uncontracted LNG to customers on a short or one-time basis. A subsidiary, Cheniere Energy Partners, owns the Sabine Pass facility and trades as a master limited partnership.
75GF 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.

$244.28
Price
$249.76
GF Value