PBF (PBF Energy) Scaled Net Operating Assets: 0.67 (As of Mar. 2026)


PBF PBF Energy Inc PBF
63 GF Score
Price $43.11
GF Value $33.63
Valuation Modestly Overvalued
! 4 Warning Signs
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What is PBF Energy Scaled Net Operating Assets?

PBF Energy PBF +1.94% 63 Scaled Net Operating Assets is 0.67 as of Mar. 2026. GuruFocus rates PBF with a GF Score™ of 63/100 and a GF Value™ of $33.63 (Modestly Overvalued). The stock has 4 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.

PBF Energy's operating assets for the quarter that ended in Mar. 2026 was $14,177 Mil. PBF Energy's operating liabilities for the quarter that ended in Mar. 2026 was $5,464 Mil. PBF Energy's Total Assets for the quarter that ended in Dec. 2025 was $13,020 Mil. Therefore, PBF Energy's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.67.


PBF Energy Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for PBF Energy'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.

PBF Energy Scaled Net Operating Assets Chart

PBF Energy 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 0.59 0.47 0.51 0.52 0.62

PBF Energy 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 0.62 0.60 0.62 0.60 0.67

PBF vs IEP, CVI, PARR: Scaled Net Operating Assets Comparison

For the Oil & Gas Refining & Marketing subindustry, PBF Energy'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.


PBF Energy Scaled Net Operating Assets vs Oil & Gas Industry

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

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


PBF
63GF Score
PBF Energy Inc PBF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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PBF Energy 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.

PBF Energy'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 )
=(12492-4656.3)/12703.2
=0.62

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=13019.9 - 527.9
=12492

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7570 - 2717.1 - 196.6
=4656.3

PBF Energy'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 )
=(14176.8-5464.3)/13019.9
=0.67

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=14718.6 - 541.8
=14176.8

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9065.9 - 3390.2 - 211.4
=5464.3

* 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 0.67 mean?
PBF Energy (PBF) has a Scaled Net Operating Assets of 0.67 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 PBF Energy and its competitors.
Is PBF Energy's Scaled Net Operating Assets too high?
PBF Energy's current Scaled Net Operating Assets is 0.67. Overall, PBF Energy has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PBF Energy's Scaled Net Operating Assets compare to IEP and CVI?
PBF Energy's Scaled Net Operating Assets of 0.67 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 PBF Energy and its competitors. PBF Energy's current Scaled Net Operating Assets is 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PBF Energy stock overvalued right now?
Based on GuruFocus' analysis, PBF Energy (PBF) is currently considered Modestly Overvalued. The stock's GF Value™ is $33.63, compared to a current price of $43.11 — trading 28.2% above its estimated fair value. The current Scaled Net Operating Assets is 0.67. PBF Energy's overall GF Score™ is 63/100 with 4 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 PBF Energy (PBF), the current Scaled Net Operating Assets is 0.67 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 PBF Energy (PBF) Overvalued in 2026?

Based on GuruFocus' analysis, PBF Energy stock appears to be overvalued. The current stock price of $43.11 is trading 28.2% above its estimated GF Value™ of $33.63. GuruFocus considers PBF Energy to be Modestly Overvalued.

Key valuation signals for PBF:

  • Scaled Net Operating Assets: 0.67
  • GF Value™: $33.63 vs. price of $43.11 (28.2% above fair value)
  • GF Score™: 63/100 with 4 warning signs

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


PBF Energy Business Description

Industry EnergyOil & Gas
Address One Sylvan Way, Second Floor, Parsippany, NJ, USA, 07054
PBF Energy Inc is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. The company owns refineries in Delaware, Ohio, New Jersey, California, and Louisiana. The Company operates in two reportable business segments: Refining and Logistics. The Company's oil refineries are all engaged in the refining of crude oil and other feedstocks into petroleum products and are aggregated into the Refining segment. PBFX operates logistics assets such as crude oil and refined products terminals, pipelines, and storage facilities. The Logistics segment consists solely of PBFX's operations.
63GF Score

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

$43.11
Price
$33.63
GF Value