Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Freeport-McMoRan's operating assets for the quarter that ended in Mar. 2026 was MXN993,656 Mil. Freeport-McMoRan's operating liabilities for the quarter that ended in Mar. 2026 was MXN305,258 Mil. Freeport-McMoRan's Total Assets for the quarter that ended in Dec. 2025 was MXN1,047,338 Mil. Therefore, Freeport-McMoRan's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.66.
Freeport-McMoRan Scaled Net Operating Assets Related Terms
Freeport-McMoRan Scaled Net Operating Assets Historical Data
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The historical data trend for Freeport-McMoRan'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.
Freeport-McMoRan Scaled Net Operating Assets Chart
MEX:FCX vs SCCO, IE, COPRD: Scaled Net Operating Assets Comparison
For the Copper subindustry, Freeport-McMoRan'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.
Freeport-McMoRan Scaled Net Operating Assets vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Freeport-McMoRan's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Freeport-McMoRan's Scaled Net Operating Assets falls into.
* 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 0.66 mean?
Freeport-McMoRan (MEX:FCX) has a Scaled Net Operating Assets of 0.66 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 Freeport-McMoRan and its competitors.
Is Freeport-McMoRan's Scaled Net Operating Assets too high?
Freeport-McMoRan's current Scaled Net Operating Assets is 0.66. Overall, Freeport-McMoRan has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Freeport-McMoRan's Scaled Net Operating Assets compare to SCCO and IE?
Freeport-McMoRan's Scaled Net Operating Assets of 0.66 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 Freeport-McMoRan and its competitors. Freeport-McMoRan's current Scaled Net Operating Assets is 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Freeport-McMoRan stock overvalued right now?
Based on GuruFocus' analysis, Freeport-McMoRan (MEX:FCX) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN829.92, compared to a current price of MXN1,083.37 — trading 30.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.66. Freeport-McMoRan's overall GF Score™ is 84/100. 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 Freeport-McMoRan (MEX:FCX), the current Scaled Net Operating Assets is 0.66 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 Freeport-McMoRan (MEX:FCX) Overvalued in 2026?
Based on GuruFocus' analysis, Freeport-McMoRan stock appears to be overvalued.
The current stock price of MXN1,083.37 is trading 30.5% above its estimated GF Value™ of MXN829.92.
GuruFocus considers Freeport-McMoRan to be Significantly Overvalued.
Key valuation signals for MEX:FCX:
Scaled Net Operating Assets: 0.66
GF Value™: MXN829.92 vs. price of MXN1,083.37 (30.5% above fair value)
No single metric tells the full story. See the MEX:FCX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.1 million metric tons of copper (its share) in 2025, making it the one of the world's largest copper miners by volume. It also sold about 530,000 ounces of gold, mostly from Grasberg, and 74 million pounds of molybdenum. It had about 25 years of copper reserves at the end of December 2025. We expect it to sell about 1.3 million metric tons of copper and 610,000 ounces of gold midcycle in 2030.
84GF Score
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