Oil & Natural Gas (NSE:ONGC) Scaled Net Operating Assets: N/A (As of Mar. 2026)


NSE:ONGC Oil & Natural Gas Corp Ltd NSE:ONGC
92 GF Score
Price ₹237.84
GF Value ₹270.12
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Oil & Natural Gas Scaled Net Operating Assets?

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

Oil & Natural Gas's operating assets for the quarter that ended in Mar. 2026 was ₹7,467,515 Mil. Oil & Natural Gas's operating liabilities for the quarter that ended in Mar. 2026 was ₹2,078,954 Mil. Oil & Natural Gas's Total Assets for the quarter that ended in Dec. 2025 was ₹0 Mil. Therefore, Oil & Natural Gas's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was N/A.

Oil & Natural Gas Scaled Net Operating Assets Historical Data

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The historical data trend for Oil & Natural Gas'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.

Oil & Natural Gas Scaled Net Operating Assets Chart

Oil & Natural Gas Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.72 0.74 0.79 0.72 0.71

Oil & Natural Gas 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 0.00 0.00 0.00 0.00 0.00

NSE:ONGC vs XOM, CVX: Scaled Net Operating Assets Comparison

For the Oil & Gas Integrated subindustry, Oil & Natural Gas'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.

Oil & Natural Gas Scaled Net Operating Assets vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Oil & Natural Gas's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Oil & Natural Gas's Scaled Net Operating Assets falls into.


NSE:ONGC
92GF Score
Oil & Natural Gas Corp Ltd NSE:ONGC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Oil & Natural Gas 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.

Oil & Natural Gas's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(7467515.4-2078954.1)/7587231.02
=0.71

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=7919051.8 - 451536.4
=7467515.4

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3822119 - 1164042.3 - 579122.6
=2078954.1

Oil & Natural Gas'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 )
=(7467515.4-2078954.1)/0
=N/A

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=7919051.8 - 451536.4
=7467515.4

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3822119 - 1164042.3 - 579122.6
=2078954.1

* 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.

Is Oil & Natural Gas (NSE:ONGC) Overvalued in 2026?

Based on GuruFocus' analysis, Oil & Natural Gas stock appears to be undervalued. The current stock price of ₹237.84 is trading 12% below its estimated GF Value™ of ₹270.12. GuruFocus considers Oil & Natural Gas to be Modestly Undervalued.

Key valuation signals for NSE:ONGC:

  • Scaled Net Operating Assets: N/A
  • GF Value™: ₹270.12 vs. price of ₹237.84 (12% below fair value)
  • GF Score™: 92/100 with 2 warning signs

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

Oil & Natural Gas Business Description

Industry EnergyOil & Gas
Other Exchanges 500312:India
Address Nelson Mandela Marg, Plot No. 5A-5B, Vasant Kunj, New Delhi, IND, 110070
Oil & Natural Gas Corp Ltd is an Indian-based company. It engaged in the exploration, development, and production of crude oil, natural gas, and value-added products. Along with its subsidiaries, the company operates in the following business segments: Refining and Marketing, which derives maximum revenue, Exploration and Production, and Petrochemicals. Geographically, the group derives maximum revenue from India, from its offshore and onshore activities, and is also involved in exploration and production activities outside India.
92GF Score

Get the complete analysis for NSE:ONGC

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

₹237.84
Price
₹270.12
GF Value