NRVTF (Noram Lithium) Scaled Net Operating Assets: 0.95 (As of Jan. 2026)


What is Noram Lithium Scaled Net Operating Assets?

Noram Lithium NRVTF +7.66% Scaled Net Operating Assets is 0.95 as of Jan. 2026.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Noram Lithium's operating assets for the quarter that ended in Jan. 2026 was $4.17 Mil. Noram Lithium's operating liabilities for the quarter that ended in Jan. 2026 was $0.23 Mil. Noram Lithium's Total Assets for the quarter that ended in Oct. 2025 was $4.13 Mil. Therefore, Noram Lithium's scaled net operating assets (SNOA) for the quarter that ended in Jan. 2026 was 0.95.

Noram Lithium Scaled Net Operating Assets Historical Data

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The historical data trend for Noram Lithium'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.

Noram Lithium Scaled Net Operating Assets Chart

Noram Lithium Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.79 0.23 0.31 0.59 0.90

Noram Lithium Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26
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 0.80 0.85 0.83 0.77 0.96

Noram Lithium Scaled Net Operating Assets Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Noram Lithium'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.

Noram Lithium Scaled Net Operating Assets vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Noram Lithium's Scaled Net Operating Assets distribution charts can be found below:

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


Noram Lithium 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.

Noram Lithium's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jan. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jan. 2026 )
=(Operating Assets (A: Jan. 2026 )-Operating Liabilities (A: Jan. 2026 ))/Total Assets (A: Jan. 2025 )
=(4.171-0.231)/4.382
=0.90

where

Operating Assets(A: Jan. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4.254 - 0.083
=4.171

Operating Liabilities(A: Jan. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.306 - 0.038 - 0.037
=0.231

Noram Lithium's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jan. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jan. 2026 )
=(Operating Assets (Q: Jan. 2026 )-Operating Liabilities (Q: Jan. 2026 ))/Total Assets (Q: Oct. 2025 )
=(4.171-0.231)/4.127
=0.95

where

Operating Assets(Q: Jan. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4.254 - 0.083
=4.171

Operating Liabilities(Q: Jan. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.306 - 0.038 - 0.037
=0.231

* 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 0.95 mean?
Noram Lithium (NRVTF) has a Scaled Net Operating Assets of 0.95 as of Jan. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Noram Lithium and its competitors.
Is Noram Lithium's Scaled Net Operating Assets too high?
Noram Lithium's current Scaled Net Operating Assets is 0.95.
How does Noram Lithium's Scaled Net Operating Assets compare to competitors?
Noram Lithium's Scaled Net Operating Assets of 0.95 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 Noram Lithium and its competitors. Noram Lithium's current Scaled Net Operating Assets is 0.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noram Lithium stock overvalued right now?
Noram Lithium (NRVTF) has a current Scaled Net Operating Assets of 0.95. The current Scaled Net Operating Assets is 0.95. 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 Noram Lithium (NRVTF), the current Scaled Net Operating Assets is 0.95 as of Jan. 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.

Noram Lithium Business Description

Other Exchanges N7R:GermanyNRM:Canada
Address 885 West Georgia Street, Suite 2200, Vancouver, BC, CAN, V6C 3E8
Noram Lithium Corp is a Canadian-based junior exploration and development company focused on advancing its Zeus Lithium Project (Zeus) to production in Nevada. The Company is engaged in acquiring, exploring, and developing mineral exploration properties, mainly in the state of Nevada, USA. The Company has property and equipment located in British Columbia, Canada, and mineral properties located in the state of Nevada, USA.