Veolia Environnement (MEX:VIEN) Scaled Net Operating Assets: 0.34 (As of Dec. 2025)


MEX:VIEN Veolia Environnement SA MEX:VIEN
85 GF Score
Price MXN719.25
GF Value MXN584.65
! 10 Warning Signs
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What is Veolia Environnement Scaled Net Operating Assets?

Veolia Environnement MEX:VIEN 85 Scaled Net Operating Assets is 0.34 as of Dec. 2025. GuruFocus rates MEX:VIEN with a GF Score™ of 85/100 and a GF Value™ of MXN584.65. The stock has 10 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.

Veolia Environnement's operating assets for the quarter that ended in Dec. 2025 was MXN1,288,356 Mil. Veolia Environnement's operating liabilities for the quarter that ended in Dec. 2025 was MXN784,682 Mil. Veolia Environnement's Total Assets for the quarter that ended in Jun. 2025 was MXN1,497,844 Mil. Therefore, Veolia Environnement's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.34.


Veolia Environnement Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Veolia Environnement'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.

Veolia Environnement Scaled Net Operating Assets Chart

Veolia Environnement 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 0.29 0.43 0.30 0.38 0.32

Veolia Environnement Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.34 0.36 0.36 0.33 0.34

MEX:VIEN vs WM, RSG, WCN: Scaled Net Operating Assets Comparison

For the Waste Management subindustry, Veolia Environnement'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.


Veolia Environnement Scaled Net Operating Assets vs Waste Management Industry

For the Waste Management industry and Industrials sector, Veolia Environnement's Scaled Net Operating Assets distribution charts can be found below:

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


MEX:VIEN
85GF Score
Veolia Environnement SA MEX:VIEN
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Veolia Environnement 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.

Veolia Environnement'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 )
=(1288356.328-784681.659)/1593309.965
=0.32

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1490024.385 - 201668.057
=1288356.328

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1210366.768 - 380670.859 - 45014.25
=784681.659

Veolia Environnement's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(1288356.328-784681.659)/1497844.4
=0.34

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1490024.385 - 201668.057
=1288356.328

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1210366.768 - 380670.859 - 45014.25
=784681.659

* 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 0.34 mean?
Veolia Environnement (MEX:VIEN) has a Scaled Net Operating Assets of 0.34 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Veolia Environnement and its competitors.
Is Veolia Environnement's Scaled Net Operating Assets too high?
Veolia Environnement's current Scaled Net Operating Assets is 0.34. Overall, Veolia Environnement has a GF Score™ of 85/100, reflecting its overall financial health beyond just this single metric.
How does Veolia Environnement's Scaled Net Operating Assets compare to WM and RSG?
Veolia Environnement's Scaled Net Operating Assets of 0.34 can be compared against companies in the Waste Management 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 Waste Management company?
A good Scaled Net Operating Assets depends on the Waste Management 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 Veolia Environnement and its competitors. Veolia Environnement's current Scaled Net Operating Assets is 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Veolia Environnement stock overvalued right now?
Veolia Environnement (MEX:VIEN) has a current Scaled Net Operating Assets of 0.34. The stock's GF Value™ is MXN584.65, compared to a current price of MXN719.25 — trading 23% above its estimated fair value. The current Scaled Net Operating Assets is 0.34. Veolia Environnement's overall GF Score™ is 85/100 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 Veolia Environnement (MEX:VIEN), the current Scaled Net Operating Assets is 0.34 as of Dec. 2025. 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 Veolia Environnement (MEX:VIEN) Overvalued in 2026?

Based on GuruFocus' analysis, Veolia Environnement stock appears to be overvalued. The current stock price of MXN719.25 is trading 23% above its estimated GF Value™ of MXN584.65.

Key valuation signals for MEX:VIEN:

  • Scaled Net Operating Assets: 0.34
  • GF Value™: MXN584.65 vs. price of MXN719.25 (23% above fair value)
  • GF Score™: 85/100 with 10 warning signs

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


Veolia Environnement Business Description

Address 30, rue Madeleine Vionnet, Aubervilliers, FRA, 93300
Veolia is the largest water company globally and a leading player in France. It is also involved in waste management with significant exposure to France, the United Kingdom, Germany, the United States, and Australia. The third pillar of the group is energy services, giving the group significant exposure to Central Europe. Veolia started to refocus its activities in 2011, leading to the exit of almost half of its countries and its transport activity The integration of most activities of Suez in 2022 drove an EBITDA increase of nearly 40%.
85GF Score

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

MXN719.25
Price
MXN584.65
GF Value