Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Hydro One's operating assets for the quarter that ended in Mar. 2026 was MXN521,581 Mil. Hydro One's operating liabilities for the quarter that ended in Mar. 2026 was MXN99,890 Mil. Hydro One's Total Assets for the quarter that ended in Dec. 2025 was MXN517,799 Mil. Therefore, Hydro One's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.81.
Hydro One Scaled Net Operating Assets Related Terms
Hydro One Scaled Net Operating Assets Historical Data
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The historical data trend for Hydro One'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.
MEX:HN vs NEE, SO, DUK: Scaled Net Operating Assets Comparison
For the Utilities - Regulated Electric subindustry, Hydro One'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.
Hydro One Scaled Net Operating Assets vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Hydro One's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Hydro One'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 0.81 mean?
Hydro One (MEX:HN) has a Scaled Net Operating Assets of 0.81 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 Hydro One and its competitors.
Is Hydro One's Scaled Net Operating Assets too high?
Hydro One's current Scaled Net Operating Assets is 0.81. Overall, Hydro One has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Hydro One's Scaled Net Operating Assets compare to NEE and SO?
Hydro One's Scaled Net Operating Assets of 0.81 can be compared against companies in the Utilities - Regulated 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 Utilities - Regulated company?
A good Scaled Net Operating Assets depends on the Utilities - Regulated 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 Hydro One and its competitors. Hydro One's current Scaled Net Operating Assets is 0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hydro One stock overvalued right now?
Hydro One (MEX:HN) has a current Scaled Net Operating Assets of 0.81. The stock's GF Value™ is MXN453.15, compared to a current price of MXN498.65 — trading 10% above its estimated fair value. The current Scaled Net Operating Assets is 0.81. Hydro One's overall GF Score™ is 79/100 with 10 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 Hydro One (MEX:HN), the current Scaled Net Operating Assets is 0.81 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 Hydro One (MEX:HN) Overvalued in 2026?
Based on GuruFocus' analysis, Hydro One stock appears to be overvalued.
The current stock price of MXN498.65 is trading 10% above its estimated GF Value™ of MXN453.15.
Key valuation signals for MEX:HN:
Scaled Net Operating Assets: 0.81
GF Value™: MXN453.15 vs. price of MXN498.65 (10% above fair value)
No single metric tells the full story. See the MEX:HN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hydro One operates regulated transmission and distribution assets in Ontario. The area's largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company's rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business with annual revenue contributing less than 1% to consolidated results. The province of Ontario holds an approximate 47.5% common equity stake.
79GF Score
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