Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Santos's operating assets for the quarter that ended in Dec. 2025 was $28,796 Mil. Santos's operating liabilities for the quarter that ended in Dec. 2025 was $7,325 Mil. Santos's Total Assets for the quarter that ended in Jun. 2025 was $29,878 Mil. Therefore, Santos's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.72.
Santos Scaled Net Operating Assets Related Terms
Santos Scaled Net Operating Assets Historical Data
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The historical data trend for Santos'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.
SSLZY vs COP, EOG, OXY: Scaled Net Operating Assets Comparison
For the Oil & Gas E&P subindustry, Santos'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.
Santos Scaled Net Operating Assets vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Santos's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Santos's Scaled Net Operating Assets falls into.
* 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 0.72 mean?
Santos (SSLZY) has a Scaled Net Operating Assets of 0.72 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 Santos and its competitors.
Is Santos' Scaled Net Operating Assets too high?
Santos' current Scaled Net Operating Assets is 0.72. Overall, Santos has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Santos' Scaled Net Operating Assets compare to COP and EOG?
Santos' Scaled Net Operating Assets of 0.72 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 Santos and its competitors. Santos's current Scaled Net Operating Assets is 0.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Santos stock overvalued right now?
Based on GuruFocus' analysis, Santos (SSLZY) is currently considered Fairly Valued. The stock's GF Value™ is $4.71, compared to a current price of $4.97 — trading 5.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.72. Santos' overall GF Score™ is 79/100 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 Santos (SSLZY), the current Scaled Net Operating Assets is 0.72 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 Santos (SSLZY) Overvalued in 2026?
Based on GuruFocus' analysis, Santos stock appears to be overvalued.
The current stock price of $4.97 is trading 5.5% above its estimated GF Value™ of $4.71.
GuruFocus considers Santos to be Fairly Valued.
Key valuation signals for SSLZY:
Scaled Net Operating Assets: 0.72
GF Value™: $4.71 vs. price of $4.97 (5.5% above fair value)
No single metric tells the full story. See the SSLZY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Santos was founded in 1954. The company's name is an acronym for South Australia Northern Territory Oil Search. The first Cooper Basin gas discovery came in 1963, with initial supplies in 1969. Santos became a major enterprise, though over-reliance on the Cooper Basin, along with the Moomba field's inexorable decline, saw it struggle to maintain relevance in the first decade of the 21st century. However, the stage was set for a renaissance via conversion of coal seam gas into LNG in Queensland and conventional gas to LNG in PNG.
79GF Score
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