Sinopec Oilfield Service (SHSE:600871) Scaled Net Operating Assets: 0.47 (As of Mar. 2026)


SHSE:600871 Sinopec Oilfield Service Corp SHSE:600871
73 GF Score
Price ¥2.10
GF Value ¥2.17
Valuation Fairly Valued
! 5 Warning Signs
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What is Sinopec Oilfield Service Scaled Net Operating Assets?

Sinopec Oilfield Service SHSE:600871 +1.94% 73 Scaled Net Operating Assets is 0.47 as of Mar. 2026. GuruFocus rates SHSE:600871 with a GF Score™ of 73/100 and a GF Value™ of ¥2.17 (Fairly Valued). The stock has 5 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.

Sinopec Oilfield Service's operating assets for the quarter that ended in Mar. 2026 was ¥72,405 Mil. Sinopec Oilfield Service's operating liabilities for the quarter that ended in Mar. 2026 was ¥36,009 Mil. Sinopec Oilfield Service's Total Assets for the quarter that ended in Dec. 2025 was ¥77,255 Mil. Therefore, Sinopec Oilfield Service's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.47.


Sinopec Oilfield Service Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Sinopec Oilfield Service'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.

Sinopec Oilfield Service Scaled Net Operating Assets Chart

Sinopec Oilfield Service 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 0.40 0.41 0.37 0.38 0.45

Sinopec Oilfield Service 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 0.36 0.43 0.45 0.44 0.47

SHSE:600871 vs NE, RIG, VAL: Scaled Net Operating Assets Comparison

For the Oil & Gas Drilling subindustry, Sinopec Oilfield Service'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.


Sinopec Oilfield Service Scaled Net Operating Assets vs Oil & Gas Industry

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

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


SHSE:600871
73GF Score
Sinopec Oilfield Service Corp SHSE:600871
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Sinopec Oilfield Service 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.

Sinopec Oilfield Service'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 )
=(72246.38-37822.511)/77340.105
=0.45

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=77254.593 - 5008.213
=72246.38

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=67988.891 - 1448.44 - 28717.94
=37822.511

Sinopec Oilfield Service'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 )
=(72405.256-36008.726)/77254.593
=0.47

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=76587.659 - 4182.403
=72405.256

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=66956.198 - 1632.405 - 29315.067
=36008.726

* 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 0.47 mean?
Sinopec Oilfield Service (SHSE:600871) has a Scaled Net Operating Assets of 0.47 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 Sinopec Oilfield Service and its competitors.
Is Sinopec Oilfield Service's Scaled Net Operating Assets too high?
Sinopec Oilfield Service's current Scaled Net Operating Assets is 0.47. Overall, Sinopec Oilfield Service has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sinopec Oilfield Service's Scaled Net Operating Assets compare to NE and RIG?
Sinopec Oilfield Service's Scaled Net Operating Assets of 0.47 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 Sinopec Oilfield Service and its competitors. Sinopec Oilfield Service's current Scaled Net Operating Assets is 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sinopec Oilfield Service stock overvalued right now?
Based on GuruFocus' analysis, Sinopec Oilfield Service (SHSE:600871) is currently considered Fairly Valued. The stock's GF Value™ is ¥2.17, compared to a current price of ¥2.10 — trading 3.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.47. Sinopec Oilfield Service's overall GF Score™ is 73/100 with 5 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 Sinopec Oilfield Service (SHSE:600871), the current Scaled Net Operating Assets is 0.47 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 Sinopec Oilfield Service (SHSE:600871) Overvalued in 2026?

Based on GuruFocus' analysis, Sinopec Oilfield Service stock appears to be undervalued. The current stock price of ¥2.10 is trading 3.2% below its estimated GF Value™ of ¥2.17. GuruFocus considers Sinopec Oilfield Service to be Fairly Valued.

Key valuation signals for SHSE:600871:

  • Scaled Net Operating Assets: 0.47
  • GF Value™: ¥2.17 vs. price of ¥2.10 (3.2% below fair value)
  • GF Score™: 73/100 with 5 warning signs

No single metric tells the full story. See the SHSE:600871 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sinopec Oilfield Service Business Description

Industry EnergyOil & Gas
Other Exchanges 01033:Hong KongYIZH:Germany
Address No. 9 Jishikou Road, Changyang District, Beijing, CHN, 100728
Sinopec Oilfield Service Corp engages in the provision of onshore and offshore oil and natural gas, exploration, provision of contracting, design, and construction services for the oil and gas projects. It operates through five segments: Geophysics, which provides technical and development, exploration geophysical services; Drilling engineering segment, which provides drilling design, and construction, technical services; Logging and mud logging segment; Special downhole segment, which provides oil engineering technical and construction services; and Engineering construction segment, which provides a package of services, including feasibility studies, procurement, and others. Its geographical segments are, The PRC, Middle East and Other countries.
73GF Score

Get the complete analysis for SHSE:600871

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

¥2.10
Price
¥2.17
GF Value