SCL (Stepan Co) Scaled Net Operating Assets: 0.74 (As of Mar. 2026)


SCL Stepan Co SCL
79 GF Score
Price $55.05
GF Value $70.58
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Stepan Co Scaled Net Operating Assets?

Stepan Co SCL +4.36% 79 Scaled Net Operating Assets is 0.74 as of Mar. 2026. GuruFocus rates SCL with a GF Score™ of 79/100 and a GF Value™ of $70.58 (Modestly Undervalued). 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.

Stepan Co's operating assets for the quarter that ended in Mar. 2026 was $2,193 Mil. Stepan Co's operating liabilities for the quarter that ended in Mar. 2026 was $442 Mil. Stepan Co's Total Assets for the quarter that ended in Dec. 2025 was $2,358 Mil. Therefore, Stepan Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.74.


Stepan Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Stepan Co'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.

Stepan Co Scaled Net Operating Assets Chart

Stepan Co 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 0.76 0.79 0.74 0.74 0.78

Stepan Co 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 0.79 0.78 0.76 0.74 0.74

SCL vs ODC, ECVT, KRO: Scaled Net Operating Assets Comparison

For the Specialty Chemicals subindustry, Stepan Co'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.


Stepan Co Scaled Net Operating Assets vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Stepan Co's Scaled Net Operating Assets distribution charts can be found below:

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


SCL
79GF Score
Stepan Co SCL
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Stepan Co 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.

Stepan Co'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 )
=(2225.014-437.642)/2304.648
=0.78

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2357.702 - 132.688
=2225.014

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1113.692 - 390.315 - 285.735
=437.642

Stepan Co'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 )
=(2192.562-441.502)/2357.702
=0.74

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2333.337 - 140.775
=2192.562

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1140.313 - 375.501 - 323.31
=441.502

* 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 0.74 mean?
Stepan Co (SCL) has a Scaled Net Operating Assets of 0.74 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 Stepan Co and its competitors.
Is Stepan Co's Scaled Net Operating Assets too high?
Stepan Co's current Scaled Net Operating Assets is 0.74. Overall, Stepan Co has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Stepan Co's Scaled Net Operating Assets compare to ODC and ECVT?
Stepan Co's Scaled Net Operating Assets of 0.74 can be compared against companies in the Chemicals 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 Chemicals company?
A good Scaled Net Operating Assets depends on the Chemicals 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 Stepan Co and its competitors. Stepan Co's current Scaled Net Operating Assets is 0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stepan Co stock overvalued right now?
Based on GuruFocus' analysis, Stepan Co (SCL) is currently considered Modestly Undervalued. The stock's GF Value™ is $70.58, compared to a current price of $55.05 — trading 22% below its estimated fair value. The current Scaled Net Operating Assets is 0.74. Stepan Co's overall GF Score™ is 79/100 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 Stepan Co (SCL), the current Scaled Net Operating Assets is 0.74 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 Stepan Co (SCL) Overvalued in 2026?

Based on GuruFocus' analysis, Stepan Co stock appears to be undervalued. The current stock price of $55.05 is trading 22% below its estimated GF Value™ of $70.58. GuruFocus considers Stepan Co to be Modestly Undervalued.

Key valuation signals for SCL:

  • Scaled Net Operating Assets: 0.74
  • GF Value™: $70.58 vs. price of $55.05 (22% below fair value)
  • GF Score™: 79/100 with 6 warning signs

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


Stepan Co Business Description

Address 1101 Skokie Boulevard, Suite 500, Northbrook, IL, USA, 60062
Stepan Co manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into three segments based on product type. The surfactants segment, which generates the majority of revenue, sells cleaning agents used in detergents, shampoos, body wash, fabric softeners, toothpastes, and other personal-care products. The polymers segment sells polyurethane used to manufacture rigid foam for thermal insulation, as well as phthalic anhydride used to make plastic components for the construction, automotive, and boating industries. The specialty products segment sells chemicals used in food and flavoring. The majority of Stepan's revenue comes from the United States, followed by France, Poland, the United Kingdom, Brazil, Mexico, and other countries.
79GF Score

Get the complete analysis for SCL

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

$55.05
Price
$70.58
GF Value