Al Maha Petroleum Products Marketing CoOG (MUS:MHAS) Scaled Net Operating Assets: 0.57 (As of Mar. 2026)


MUS:MHAS Al Maha Petroleum Products Marketing Co SAOG MUS:MHAS
92 GF Score
Price ر.ع1.14
GF Value ر.ع1.06
Valuation Fairly Valued
! 3 Warning Signs
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What is Al Maha Petroleum Products Marketing CoOG Scaled Net Operating Assets?

Al Maha Petroleum Products Marketing CoOG MUS:MHAS 92 Scaled Net Operating Assets is 0.57 as of Mar. 2026. GuruFocus rates MUS:MHAS with a GF Score™ of 92/100 and a GF Value™ of ر.ع1.06 (Fairly Valued). The stock has 3 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.

Al Maha Petroleum Products Marketing CoOG's operating assets for the quarter that ended in Mar. 2026 was ر.ع151.0 Mil. Al Maha Petroleum Products Marketing CoOG's operating liabilities for the quarter that ended in Mar. 2026 was ر.ع56.9 Mil. Al Maha Petroleum Products Marketing CoOG's Total Assets for the quarter that ended in Dec. 2025 was ر.ع165.4 Mil. Therefore, Al Maha Petroleum Products Marketing CoOG's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.57.


Al Maha Petroleum Products Marketing CoOG Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Al Maha Petroleum Products Marketing CoOG'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.

Al Maha Petroleum Products Marketing CoOG Scaled Net Operating Assets Chart

Al Maha Petroleum Products Marketing CoOG 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 0.45 0.46 0.48 0.42 0.56

Al Maha Petroleum Products Marketing CoOG 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 0.52 0.55 0.51 0.54 0.57

MUS:MHAS vs VLO, MPC, PSX: Scaled Net Operating Assets Comparison

For the Oil & Gas Refining & Marketing subindustry, Al Maha Petroleum Products Marketing CoOG'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.


Al Maha Petroleum Products Marketing CoOG Scaled Net Operating Assets vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Al Maha Petroleum Products Marketing CoOG's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Al Maha Petroleum Products Marketing CoOG's Scaled Net Operating Assets falls into.


MUS:MHAS
92GF Score
Al Maha Petroleum Products Marketing Co SAOG MUS:MHAS
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Al Maha Petroleum Products Marketing CoOG 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.

Al Maha Petroleum Products Marketing CoOG'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 )
=(145.38-57.687)/156.028
=0.56

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=165.439 - 20.059
=145.38

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=117.334 - 6.326 - 53.321
=57.687

Al Maha Petroleum Products Marketing CoOG'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 )
=(150.971-56.917)/165.439
=0.57

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=175.894 - 24.923
=150.971

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=131.448 - 6.143 - 68.388
=56.917

* 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 0.57 mean?
Al Maha Petroleum Products Marketing CoOG (MUS:MHAS) has a Scaled Net Operating Assets of 0.57 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 Al Maha Petroleum Products Marketing CoOG and its competitors.
Is Al Maha Petroleum Products Marketing CoOG's Scaled Net Operating Assets too high?
Al Maha Petroleum Products Marketing CoOG's current Scaled Net Operating Assets is 0.57. Overall, Al Maha Petroleum Products Marketing CoOG has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Al Maha Petroleum Products Marketing CoOG's Scaled Net Operating Assets compare to VLO and MPC?
Al Maha Petroleum Products Marketing CoOG's Scaled Net Operating Assets of 0.57 can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good Scaled Net Operating Assets depends on the Oil & Gas 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 Al Maha Petroleum Products Marketing CoOG and its competitors. Al Maha Petroleum Products Marketing CoOG's current Scaled Net Operating Assets is 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Al Maha Petroleum Products Marketing CoOG stock overvalued right now?
Based on GuruFocus' analysis, Al Maha Petroleum Products Marketing CoOG (MUS:MHAS) is currently considered Fairly Valued. The stock's GF Value™ is ر.ع1.06, compared to a current price of ر.ع1.14 — trading 7.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.57. Al Maha Petroleum Products Marketing CoOG's overall GF Score™ is 92/100 with 3 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 Al Maha Petroleum Products Marketing CoOG (MUS:MHAS), the current Scaled Net Operating Assets is 0.57 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 Al Maha Petroleum Products Marketing CoOG (MUS:MHAS) Overvalued in 2026?

Based on GuruFocus' analysis, Al Maha Petroleum Products Marketing CoOG stock appears to be overvalued. The current stock price of ر.ع1.14 is trading 7.5% above its estimated GF Value™ of ر.ع1.06. GuruFocus considers Al Maha Petroleum Products Marketing CoOG to be Fairly Valued.

Key valuation signals for MUS:MHAS:

  • Scaled Net Operating Assets: 0.57
  • GF Value™: ر.ع1.06 vs. price of ر.ع1.14 (7.5% above fair value)
  • GF Score™: 92/100 with 3 warning signs

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


Al Maha Petroleum Products Marketing CoOG Business Description

Industry EnergyOil & Gas
Address Mina Al Fahal, P.O. Box 57, Mina Al Fahal, OMN, 116
Al Maha Petroleum Products Marketing Co SAOG engaged in strategic marketing and distributing a diverse range of petroleum products, including Gasoline (M91 & M95), diesel, aviation fuel, kerosene, and lubricants. The company maintains a network of service stations throughout Oman. Its product portfolio covers Gasoline, Diesel, Aviation fuel, Kerosene, and Lubricants. The company operates its business through the segments of Retail sales, Commercial sales, Aviation, Non-Fuel Revenue and Lubricant. The retail sales segment derives key revenue for the company which includes sales made through company-operated stations, dealer-operated stations, and third-party-operated stations.
92GF Score

Get the complete analysis for MUS:MHAS

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

ر.ع1.14
Price
ر.ع1.06
GF Value