Gulf Keystone Petroleum (OSL:GKP) Scaled Net Operating Assets: 0.64 (As of Dec. 2025)


OSL:GKP Gulf Keystone Petroleum Ltd OSL:GKP
62 GF Score
Price kr22.75
GF Value kr22.00
Valuation Fairly Valued
! 6 Warning Signs
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What is Gulf Keystone Petroleum Scaled Net Operating Assets?

Gulf Keystone Petroleum OSL:GKP -1.30% 62 Scaled Net Operating Assets is 0.64 as of Dec. 2025. GuruFocus rates OSL:GKP with a GF Score™ of 62/100 and a GF Value™ of kr22.00 (Fairly Valued). 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.

Gulf Keystone Petroleum's operating assets for the quarter that ended in Dec. 2025 was kr5,739 Mil. Gulf Keystone Petroleum's operating liabilities for the quarter that ended in Dec. 2025 was kr1,675 Mil. Gulf Keystone Petroleum's Total Assets for the quarter that ended in Jun. 2025 was kr6,334 Mil. Therefore, Gulf Keystone Petroleum's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.64.


Gulf Keystone Petroleum Scaled Net Operating Assets Historical Data

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The historical data trend for Gulf Keystone Petroleum'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.

Gulf Keystone Petroleum Scaled Net Operating Assets Chart

Gulf Keystone Petroleum 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 0.71 0.65 0.67 0.63 0.54

Gulf Keystone Petroleum 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 0.63 0.62 0.63 0.51 0.64

OSL:GKP vs COP, EOG, FANG: Scaled Net Operating Assets Comparison

For the Oil & Gas E&P subindustry, Gulf Keystone Petroleum'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.


Gulf Keystone Petroleum Scaled Net Operating Assets vs Oil & Gas Industry

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

* The bar in red indicates where Gulf Keystone Petroleum's Scaled Net Operating Assets falls into.


OSL:GKP
62GF Score
Gulf Keystone Petroleum Ltd OSL:GKP
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Gulf Keystone Petroleum 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.

Gulf Keystone Petroleum'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 )
=(5739.456-1675.007)/7491.659
=0.54

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6530.149 - 790.693
=5739.456

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1688.671 - 9.379 - 4.285
=1675.007

Gulf Keystone Petroleum'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 )
=(5739.456-1675.007)/6334.446
=0.64

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6530.149 - 790.693
=5739.456

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1688.671 - 9.379 - 4.285
=1675.007

* 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 0.64 mean?
Gulf Keystone Petroleum (OSL:GKP) has a Scaled Net Operating Assets of 0.64 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 Gulf Keystone Petroleum and its competitors.
Is Gulf Keystone Petroleum's Scaled Net Operating Assets too high?
Gulf Keystone Petroleum's current Scaled Net Operating Assets is 0.64. Overall, Gulf Keystone Petroleum has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Gulf Keystone Petroleum's Scaled Net Operating Assets compare to COP and EOG?
Gulf Keystone Petroleum's Scaled Net Operating Assets of 0.64 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 Gulf Keystone Petroleum and its competitors. Gulf Keystone Petroleum's current Scaled Net Operating Assets is 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gulf Keystone Petroleum stock overvalued right now?
Based on GuruFocus' analysis, Gulf Keystone Petroleum (OSL:GKP) is currently considered Fairly Valued. The stock's GF Value™ is kr22.00, compared to a current price of kr22.75 — trading 3.4% above its estimated fair value. The current Scaled Net Operating Assets is 0.64. Gulf Keystone Petroleum's overall GF Score™ is 62/100 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 Gulf Keystone Petroleum (OSL:GKP), the current Scaled Net Operating Assets is 0.64 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 Gulf Keystone Petroleum (OSL:GKP) Overvalued in 2026?

Based on GuruFocus' analysis, Gulf Keystone Petroleum stock appears to be overvalued. The current stock price of kr22.75 is trading 3.4% above its estimated GF Value™ of kr22.00. GuruFocus considers Gulf Keystone Petroleum to be Fairly Valued.

Key valuation signals for OSL:GKP:

  • Scaled Net Operating Assets: 0.64
  • GF Value™: kr22.00 vs. price of kr22.75 (3.4% above fair value)
  • GF Score™: 62/100 with 6 warning signs

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


Gulf Keystone Petroleum Business Description

Industry EnergyOil & Gas
Address c/o Carey Olsen Services Bermuda Limited, 11 Bermudiana Road, 5th Floor, Rosebank Centre, Pembroke, Hamilton, BMU, HM08
Gulf Keystone Petroleum Ltd is a holding company that is engaged in the oil and gas exploration, development, and production business. The company mainly operates in the Kurdistan Region of Iraq, which consists of the Shaikan and the Erbil office, which provide support to the operations in Kurdistan. The firm has a Production Sharing Contract with the Kurdistan Regional Government. The company generates revenue from oil sales.
62GF Score

Get the complete analysis for OSL:GKP

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

kr22.75
Price
kr22.00
GF Value