Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Snam SpA's operating assets for the quarter that ended in Mar. 2026 was MXN604,773 Mil. Snam SpA's operating liabilities for the quarter that ended in Mar. 2026 was MXN19,346 Mil. Snam SpA's Total Assets for the quarter that ended in Dec. 2025 was MXN780,106 Mil. Therefore, Snam SpA's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.75.
Snam SpA Scaled Net Operating Assets Related Terms
Snam SpA Scaled Net Operating Assets Historical Data
* Premium members only.
The historical data trend for Snam SpA'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:SRGS N vs ATO, NI, UGI: Scaled Net Operating Assets Comparison
For the Utilities - Regulated Gas subindustry, Snam SpA'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.
Snam SpA Scaled Net Operating Assets vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Snam SpA's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Snam SpA'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 0.75 mean?
Snam SpA (MEX:SRGS N) has a Scaled Net Operating Assets of 0.75 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 Snam SpA and its competitors.
Is Snam SpA's Scaled Net Operating Assets too high?
Snam SpA's current Scaled Net Operating Assets is 0.75. Overall, Snam SpA has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Snam SpA's Scaled Net Operating Assets compare to ATO and NI?
Snam SpA's Scaled Net Operating Assets of 0.75 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 Snam SpA and its competitors. Snam SpA's current Scaled Net Operating Assets is 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Snam SpA stock overvalued right now?
Snam SpA (MEX:SRGS N) has a current Scaled Net Operating Assets of 0.75. The stock's GF Value™ is MXN66.28, compared to a current price of MXN86.11 — trading 29.9% above its estimated fair value. The current Scaled Net Operating Assets is 0.75. Snam SpA's overall GF Score™ is 67/100 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 Snam SpA (MEX:SRGS N), the current Scaled Net Operating Assets is 0.75 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 Snam SpA (MEX:SRGS N) Overvalued in 2026?
Based on GuruFocus' analysis, Snam SpA stock appears to be overvalued.
The current stock price of MXN86.11 is trading 29.9% above its estimated GF Value™ of MXN66.28.
Key valuation signals for MEX:SRGS N:
Scaled Net Operating Assets: 0.75
GF Value™: MXN66.28 vs. price of MXN86.11 (29.9% above fair value)
No single metric tells the full story. See the MEX:SRGS N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Snam operates a network of about 38,000 kilometers of natural gas pipelines in Italy and abroad. It also holds 17% of European gas storage capacity and 18.1 billion cubic meters of LNG regasification capacity. Snam is investing in hydrogen, biofuels, carbon capture and storage, and energy efficiencies to prepare for the energy transition. Snam became independent from Eni in 2012 after the latter sold its stake to Cassa Depositi e Prestiti, a financial institution controlled by the Ministry of Economy and Finance.
67GF Score
Get the complete analysis for MEX:SRGS N
Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MEX:SRGS N has been successfully added to your 
