Corpay (MEX:CPAY) Scaled Net Operating Assets: 0.44 (As of Mar. 2026)


MEX:CPAY Corpay Inc MEX:CPAY
93 GF Score
Price MXN5,209.00
GF Value MXN6,067.34
! 5 Warning Signs
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What is Corpay Scaled Net Operating Assets?

Corpay MEX:CPAY 93 Scaled Net Operating Assets is 0.44 as of Mar. 2026. GuruFocus rates MEX:CPAY with a GF Score™ of 93/100 and a GF Value™ of MXN6,067.34. 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.

Corpay's operating assets for the quarter that ended in Mar. 2026 was MXN435,093 Mil. Corpay's operating liabilities for the quarter that ended in Mar. 2026 was MXN224,338 Mil. Corpay's Total Assets for the quarter that ended in Dec. 2025 was MXN475,497 Mil. Therefore, Corpay's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.44.


Corpay Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Corpay'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.

Corpay Scaled Net Operating Assets Chart

Corpay 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 0.68 0.58 0.53 0.76 0.57

Corpay 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 0.55 0.49 0.49 0.59 0.44

MEX:CPAY vs OKTA, ZS, FFIV: Scaled Net Operating Assets Comparison

For the Software - Infrastructure subindustry, Corpay'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.


Corpay Scaled Net Operating Assets vs Software Industry

For the Software industry and Technology sector, Corpay's Scaled Net Operating Assets distribution charts can be found below:

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


MEX:CPAY
93GF Score
Corpay Inc MEX:CPAY
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Corpay 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.

Corpay'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 )
=(432137.485-219269.291)/374506.451
=0.57

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=475496.957 - 43359.472
=432137.485

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=399356.667 - 119848.766 - 60238.61
=219269.291

Corpay'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 )
=(435092.589-224338.473)/475496.957
=0.44

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=480838.159 - 45745.57
=435092.589

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=411168.786 - 119139.705 - 67690.608
=224338.473

* 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 0.44 mean?
Corpay (MEX:CPAY) has a Scaled Net Operating Assets of 0.44 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 Corpay and its competitors.
Is Corpay's Scaled Net Operating Assets too high?
Corpay's current Scaled Net Operating Assets is 0.44. Overall, Corpay has a GF Score™ of 93/100, reflecting its overall financial health beyond just this single metric.
How does Corpay's Scaled Net Operating Assets compare to OKTA and ZS?
Corpay's Scaled Net Operating Assets of 0.44 can be compared against companies in the Software 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 Software company?
A good Scaled Net Operating Assets depends on the Software 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 Corpay and its competitors. Corpay's current Scaled Net Operating Assets is 0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Corpay stock overvalued right now?
Corpay (MEX:CPAY) has a current Scaled Net Operating Assets of 0.44. The stock's GF Value™ is MXN6,067.34, compared to a current price of MXN5,209.00 — trading 14.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.44. Corpay's overall GF Score™ is 93/100 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 Corpay (MEX:CPAY), the current Scaled Net Operating Assets is 0.44 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 Corpay (MEX:CPAY) Overvalued in 2026?

Based on GuruFocus' analysis, Corpay stock appears to be undervalued. The current stock price of MXN5,209.00 is trading 14.1% below its estimated GF Value™ of MXN6,067.34.

Key valuation signals for MEX:CPAY:

  • Scaled Net Operating Assets: 0.44
  • GF Value™: MXN6,067.34 vs. price of MXN5,209.00 (14.1% below fair value)
  • GF Score™: 93/100 with 5 warning signs

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


Corpay Business Description

Address 3280 Peachtree Road, Suite 2400, Atlanta, GA, USA, 30305
Corpay Inc is a corporate payments company that helps businesses and consumers manage and pay their expenses. The company offers payment and spend management solutions, including accounts payable automation, cross-border payments, commercial card programs, vehicle payment solutions, and lodging payment services. Its reportable segments are: Corporate Payments, Vehicle Payments, Lodging Payments and Other. The majority of the company's revenue is derived from the Vehicle Payments segment, which helps customers to pay for vehicle related expenses. Geographically, it derives the maximum revenue from the United States and the rest from Brazil, the United Kingdom and other countries.
93GF Score

Get the complete analysis for MEX:CPAY

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

MXN5,209.00
Price
MXN6,067.34
GF Value