LUNR (Intuitive Machines) Scaled Net Operating Assets: 1.22 (As of Mar. 2026)


LUNR Intuitive Machines Inc LUNR
52 GF Score
Price $20.26
GF Value $7.66
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Intuitive Machines Scaled Net Operating Assets?

Intuitive Machines LUNR +2.58% 52 Scaled Net Operating Assets is 1.22 as of Mar. 2026. GuruFocus rates LUNR with a GF Score™ of 52/100 and a GF Value™ of $7.66 (Significantly Overvalued). The stock has 7 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.

Intuitive Machines's operating assets for the quarter that ended in Mar. 2026 was $1,486.3 Mil. Intuitive Machines's operating liabilities for the quarter that ended in Mar. 2026 was $560.4 Mil. Intuitive Machines's Total Assets for the quarter that ended in Dec. 2025 was $757.2 Mil. Therefore, Intuitive Machines's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 1.22.


Intuitive Machines Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Intuitive Machines'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.

Intuitive Machines Scaled Net Operating Assets Chart

Intuitive Machines Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial -1.74 -1.33 -0.19 -1.94 -0.02

Intuitive Machines Quarterly Data
Dec20 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 -0.02 -0.03 -0.02 -0.01 1.22

LUNR vs YSS, AADX, DCO: Scaled Net Operating Assets Comparison

For the Aerospace & Defense subindustry, Intuitive Machines'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.


Intuitive Machines Scaled Net Operating Assets vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Intuitive Machines's Scaled Net Operating Assets distribution charts can be found below:

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


LUNR
52GF Score
Intuitive Machines Inc LUNR
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Intuitive Machines 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.

Intuitive Machines'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 )
=(174.548-181.293)/355.404
=-0.02

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=757.154 - 582.606
=174.548

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=553.452 - 361.645 - 10.514
=181.293

Intuitive Machines'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 )
=(1486.323-560.4)/757.154
=1.22

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1717.947 - 231.624
=1486.323

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=986.792 - 398.661 - 27.731
=560.4

* 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 1.22 mean?
Intuitive Machines (LUNR) has a Scaled Net Operating Assets of 1.22 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 Intuitive Machines and its competitors.
Is Intuitive Machines' Scaled Net Operating Assets too high?
Intuitive Machines' current Scaled Net Operating Assets is 1.22. Overall, Intuitive Machines has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Intuitive Machines' Scaled Net Operating Assets compare to YSS and AADX?
Intuitive Machines' Scaled Net Operating Assets of 1.22 can be compared against companies in the Aerospace & Defense 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 Aerospace & Defense company?
A good Scaled Net Operating Assets depends on the Aerospace & Defense 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 Intuitive Machines and its competitors. Intuitive Machines's current Scaled Net Operating Assets is 1.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Intuitive Machines stock overvalued right now?
Based on GuruFocus' analysis, Intuitive Machines (LUNR) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.66, compared to a current price of $20.26 — trading 164.5% above its estimated fair value. The current Scaled Net Operating Assets is 1.22. Intuitive Machines' overall GF Score™ is 52/100 with 7 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 Intuitive Machines (LUNR), the current Scaled Net Operating Assets is 1.22 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 Intuitive Machines (LUNR) Overvalued in 2026?

Based on GuruFocus' analysis, Intuitive Machines stock appears to be overvalued. The current stock price of $20.26 is trading 164.5% above its estimated GF Value™ of $7.66. GuruFocus considers Intuitive Machines to be Significantly Overvalued.

Key valuation signals for LUNR:

  • Scaled Net Operating Assets: 1.22
  • GF Value™: $7.66 vs. price of $20.26 (164.5% above fair value)
  • GF Score™: 52/100 with 7 warning signs

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


Intuitive Machines Business Description

Other Exchanges J8W:Germany
Address 13467 Columbia Shuttle Street, Houston, TX, USA, 77059
Intuitive Machines Inc is a space infrastructure and services company focused on enabling sustained human activity beyond Earth. It designs, builds, integrates, and operates space systems, offering infrastructure-as-a-service across low Earth orbit, geostationary orbit, cislunar space, and deep space. Its capabilities include spacecraft development and space-based network connectivity, serving commercial, civil, and national security customers. The company conducts sales both directly and through an extensive customer and partner network spanning North America, South America, Europe, Asia, and Australia, including rideshare delivery providers, lunar surface mobility providers, payload providers, communication satellite providers, and ground segment providers.
52GF 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.

$20.26
Price
$7.66
GF Value