QBCRF (Quebecor) Scaled Net Operating Assets: 0.77 (As of Mar. 2026)


QBCRF Quebecor Inc QBCRF
68 GF Score
Price $48.32
GF Value $26.55
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Quebecor Scaled Net Operating Assets?

Quebecor QBCRF 68 Scaled Net Operating Assets is 0.77 as of Mar. 2026. GuruFocus rates QBCRF with a GF Score™ of 68/100 and a GF Value™ of $26.55 (Significantly Overvalued). The stock has 8 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.

Quebecor's operating assets for the quarter that ended in Mar. 2026 was $9,123 Mil. Quebecor's operating liabilities for the quarter that ended in Mar. 2026 was $1,996 Mil. Quebecor's Total Assets for the quarter that ended in Dec. 2025 was $9,288 Mil. Therefore, Quebecor's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.77.


Quebecor Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Quebecor'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.

Quebecor Scaled Net Operating Assets Chart

Quebecor 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 0.83 0.73 0.95 0.75 0.78

Quebecor 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 0.77 0.81 0.77 0.77 0.77

QBCRF vs TMUS, VZ, T: Scaled Net Operating Assets Comparison

For the Telecom Services subindustry, Quebecor'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.


Quebecor Scaled Net Operating Assets vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Quebecor's Scaled Net Operating Assets distribution charts can be found below:

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


QBCRF
68GF Score
Quebecor Inc QBCRF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Quebecor 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.

Quebecor'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 )
=(9171.149-2081.552)/9123.816
=0.78

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=9287.568 - 116.419
=9171.149

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7303.516 - 4786.009 - 435.955
=2081.552

Quebecor'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 )
=(9123.397-1996.429)/9287.568
=0.77

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=9328.28 - 204.883
=9123.397

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7295.19 - 4850.146 - 448.615
=1996.429

* 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 0.77 mean?
Quebecor (QBCRF) has a Scaled Net Operating Assets of 0.77 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 Quebecor and its competitors.
Is Quebecor's Scaled Net Operating Assets too high?
Quebecor's current Scaled Net Operating Assets is 0.77. Overall, Quebecor has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Quebecor's Scaled Net Operating Assets compare to TMUS and VZ?
Quebecor's Scaled Net Operating Assets of 0.77 can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?
A good Scaled Net Operating Assets depends on the Telecommunication Services 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 Quebecor and its competitors. Quebecor's current Scaled Net Operating Assets is 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quebecor stock overvalued right now?
Based on GuruFocus' analysis, Quebecor (QBCRF) is currently considered Significantly Overvalued. The stock's GF Value™ is $26.55, compared to a current price of $48.32 — trading 82% above its estimated fair value. The current Scaled Net Operating Assets is 0.77. Quebecor's overall GF Score™ is 68/100 with 8 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 Quebecor (QBCRF), the current Scaled Net Operating Assets is 0.77 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 Quebecor (QBCRF) Overvalued in 2026?

Based on GuruFocus' analysis, Quebecor stock appears to be overvalued. The current stock price of $48.32 is trading 82% above its estimated GF Value™ of $26.55. GuruFocus considers Quebecor to be Significantly Overvalued.

Key valuation signals for QBCRF:

  • Scaled Net Operating Assets: 0.77
  • GF Value™: $26.55 vs. price of $48.32 (82% above fair value)
  • GF Score™: 68/100 with 8 warning signs

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


Quebecor Business Description

Address 612, rue Saint-Jacques, 17th Floor, Corporate Secretariat, Montreal, QC, CAN, H3C 4M8
Quebecor primarily provides telecom services in Quebec, where it has roughly 1.7 million internet subscribers—corresponding to a penetration rate of about 50% in its footprint—and over 4.4 million mobile subscribers, including more than 20% of the wireless market share in Quebec. With the acquisition of Freedom Mobile in 2023, Quebecor also has more than 1 million mobile subscribers in Ontario, British Columbia, and Alberta. Quebecor offers a French-language subscription video-on-demand service and has a media segment that owns and operates television stations, publishes newspapers and magazines, and produces and distributes films and television shows. A very small portion of Quebecor's business engages in live event production and promotion and owns live-event venues.
68GF Score

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$48.32
Price
$26.55
GF Value