BCE (MEX:BCEN) Scaled Net Operating Assets: 0.82 (As of Mar. 2026)


MEX:BCEN BCE Inc MEX:BCEN
43 GF Score
Price MXN417.00
GF Value MXN439.41
Valuation Fairly Valued
! 7 Warning Signs
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What is BCE Scaled Net Operating Assets?

BCE MEX:BCEN 43 Scaled Net Operating Assets is 0.82 as of Mar. 2026. GuruFocus rates MEX:BCEN with a GF Score™ of 43/100 and a GF Value™ of MXN439.41 (Fairly Valued). 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.

BCE's operating assets for the quarter that ended in Mar. 2026 was MXN1,051,483 Mil. BCE's operating liabilities for the quarter that ended in Mar. 2026 was MXN194,049 Mil. BCE's Total Assets for the quarter that ended in Dec. 2025 was MXN1,046,341 Mil. Therefore, BCE's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.82.


BCE Scaled Net Operating Assets Historical Data

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The historical data trend for BCE'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.

BCE Scaled Net Operating Assets Chart

BCE 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 0.89 0.73 0.70 0.90 0.78

BCE 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 0.74 0.74 0.86 0.80 0.82

MEX:BCEN vs TMUS, VZ, T: Scaled Net Operating Assets Comparison

For the Telecom Services subindustry, BCE'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.


BCE Scaled Net Operating Assets vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, BCE's Scaled Net Operating Assets distribution charts can be found below:

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


MEX:BCEN
43GF Score
BCE Inc MEX:BCEN
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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BCE 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.

BCE'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 )
=(1042163.912-206174.728)/1075721.987
=0.78

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1046340.66 - 4176.748
=1042163.912

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=742090.666 - 455578.799 - 80337.139
=206174.728

BCE'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 )
=(1051482.532-194048.676)/1046340.66
=0.82

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1069567.805 - 18085.273
=1051482.532

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=758687.737 - 492179.677 - 72459.384
=194048.676

* 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 0.82 mean?
BCE (MEX:BCEN) has a Scaled Net Operating Assets of 0.82 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 BCE and its competitors.
Is BCE's Scaled Net Operating Assets too high?
BCE's current Scaled Net Operating Assets is 0.82. Overall, BCE has a GF Score™ of 43/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BCE's Scaled Net Operating Assets compare to TMUS and VZ?
BCE's Scaled Net Operating Assets of 0.82 can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?
A good Scaled Net Operating Assets depends on the Telecommunication Services 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 BCE and its competitors. BCE's current Scaled Net Operating Assets is 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BCE stock overvalued right now?
Based on GuruFocus' analysis, BCE (MEX:BCEN) is currently considered Fairly Valued. The stock's GF Value™ is MXN439.41, compared to a current price of MXN417.00 — trading 5.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.82. BCE's overall GF Score™ is 43/100 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 BCE (MEX:BCEN), the current Scaled Net Operating Assets is 0.82 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 BCE (MEX:BCEN) Overvalued in 2026?

Based on GuruFocus' analysis, BCE stock appears to be undervalued. The current stock price of MXN417.00 is trading 5.1% below its estimated GF Value™ of MXN439.41. GuruFocus considers BCE to be Fairly Valued.

Key valuation signals for MEX:BCEN:

  • Scaled Net Operating Assets: 0.82
  • GF Value™: MXN439.41 vs. price of MXN417.00 (5.1% below fair value)
  • GF Score™: 43/100 with 7 warning signs

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


BCE Business Description

Address 1 Carrefour Alexander Graham Bell, Building A, Tour A-7, 7th Floor, Verdun, QC, CAN, H3E 3B3
BCE provides wireless, broadband, television, and landline phone services in Canada. It is one of the Big Three national wireless carriers, with over 10 million customers constituting about 30% of the market. It is also the incumbent local exchange carrier—the legacy telephone provider—throughout much of the eastern half of Canada, including in the most populous Canadian provinces: Ontario and Quebec. BCE has a media segment that holds television, radio, and digital media assets. BCE licenses the Canadian rights to HBO Max and Starz.
43GF Score

Get the complete analysis for MEX:BCEN

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

MXN417.00
Price
MXN439.41
GF Value