NTOIF (Neste OYJ) Scaled Net Operating Assets: 0.71 (As of Mar. 2026)


NTOIF Neste OYJ NTOIF
74 GF Score
Price $30.85
GF Value $20.97
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Neste OYJ Scaled Net Operating Assets?

Neste OYJ NTOIF 74 Scaled Net Operating Assets is 0.71 as of Mar. 2026. GuruFocus rates NTOIF with a GF Score™ of 74/100 and a GF Value™ of $20.97 (Significantly Overvalued). The stock has 6 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.

Neste OYJ's operating assets for the quarter that ended in Mar. 2026 was $18,988 Mil. Neste OYJ's operating liabilities for the quarter that ended in Mar. 2026 was $5,969 Mil. Neste OYJ's Total Assets for the quarter that ended in Dec. 2025 was $18,441 Mil. Therefore, Neste OYJ's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.71.

Neste OYJ Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Neste OYJ'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.

Neste OYJ Scaled Net Operating Assets Chart

Neste OYJ 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 0.67 0.73 0.76 0.70 0.80

Neste OYJ 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 0.78 0.77 0.77 0.72 0.71

NTOIF vs VLO, MPC, PSX: Scaled Net Operating Assets Comparison

For the Oil & Gas Refining & Marketing subindustry, Neste OYJ'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.

Neste OYJ Scaled Net Operating Assets vs Oil & Gas Industry

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

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


NTOIF
74GF Score
Neste OYJ NTOIF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Neste OYJ 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.

Neste OYJ'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 )
=(16840.749-3806.792)/16315.183
=0.80

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=18441.452 - 1600.703
=16840.749

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9877.049 - 5518.735 - 551.522
=3806.792

Neste OYJ'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 )
=(18988.439-5968.786)/18441.452
=0.71

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=20886.705 - 1898.266
=18988.439

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=11988.439 - 5431.214 - 588.439
=5968.786

* 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 0.71 mean?
Neste OYJ (NTOIF) has a Scaled Net Operating Assets of 0.71 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 Neste OYJ and its competitors.
Is Neste OYJ's Scaled Net Operating Assets too high?
Neste OYJ's current Scaled Net Operating Assets is 0.71. Overall, Neste OYJ has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Neste OYJ's Scaled Net Operating Assets compare to VLO and MPC?
Neste OYJ's Scaled Net Operating Assets of 0.71 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 Neste OYJ and its competitors. Neste OYJ's current Scaled Net Operating Assets is 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neste OYJ stock overvalued right now?
Based on GuruFocus' analysis, Neste OYJ (NTOIF) is currently considered Significantly Overvalued. The stock's GF Value™ is $20.97, compared to a current price of $30.85 — trading 47.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.71. Neste OYJ's overall GF Score™ is 74/100 with 6 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 Neste OYJ (NTOIF), the current Scaled Net Operating Assets is 0.71 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 Neste OYJ (NTOIF) Overvalued in 2026?

Based on GuruFocus' analysis, Neste OYJ stock appears to be overvalued. The current stock price of $30.85 is trading 47.1% above its estimated GF Value™ of $20.97. GuruFocus considers Neste OYJ to be Significantly Overvalued.

Key valuation signals for NTOIF:

  • Scaled Net Operating Assets: 0.71
  • GF Value™: $20.97 vs. price of $30.85 (47.1% above fair value)
  • GF Score™: 74/100 with 6 warning signs

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

Neste OYJ Business Description

Industry EnergyOil & Gas
Address Keilaranta 21, Espoo, FIN, 02150
Neste OYJ is a producer of renewable diesel and sustainable aviation fuel (SAF), with production on three continents. The group also produces oil products and has a network of several fuel stations with expanding service offerings, such as EV charging, in Finland and in the Baltics. Neste has three reporting segments: Renewable Products, Oil Products, and Marketing and Services. Maximum revenue is generated from its Oil Products segment, which offers oil products and related services for the road transportation, heavy machinery, agriculture, aviation, and marine sectors, as well as products for the oil and petrochemical industries. Geographically, the group generates maximum revenue from other European countries (excluding Finland), followed by Finland, the USA, and other markets.
74GF Score

Get the complete analysis for NTOIF

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

$30.85
Price
$20.97
GF Value