STGSF (State Gas) Scaled Net Operating Assets: 0.91 (As of Dec. 2025)


STGSF State Gas Ltd STGSF
33 GF Score
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What is State Gas Scaled Net Operating Assets?

State Gas STGSF 33 Scaled Net Operating Assets is 0.91 as of Dec. 2025. GuruFocus rates STGSF with a GF Score™ of 33/100. 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.

State Gas's operating assets for the quarter that ended in Dec. 2025 was $33.49 Mil. State Gas's operating liabilities for the quarter that ended in Dec. 2025 was $3.00 Mil. State Gas's Total Assets for the quarter that ended in Jun. 2025 was $33.34 Mil. Therefore, State Gas's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.91.

State Gas Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for State Gas'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.

State Gas Scaled Net Operating Assets Chart

State Gas Annual Data
Trend Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Scaled Net Operating Assets
Get a 7-Day Free Trial 1.90 0.87 1.03 1.03 0.86

State Gas Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 1.00 0.89 0.90 0.87 0.91

STGSF vs COP, EOG, OXY: Scaled Net Operating Assets Comparison

For the Oil & Gas E&P subindustry, State Gas'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.

State Gas Scaled Net Operating Assets vs Oil & Gas Industry

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

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


STGSF
33GF Score
State Gas Ltd STGSF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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State Gas 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.

State Gas's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2025 )
=(Operating Assets (A: Jun. 2025 )-Operating Liabilities (A: Jun. 2025 ))/Total Assets (A: Jun. 2024 )
=(31.935-4.405)/32.086
=0.86

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=33.341 - 1.406
=31.935

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5.568 - 0 - 1.163
=4.405

State Gas's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(33.486-3)/33.341
=0.91

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=33.806 - 0.32
=33.486

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6.127 - 0 - 3.127
=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 0.91 mean?
State Gas (STGSF) has a Scaled Net Operating Assets of 0.91 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 State Gas and its competitors.
Is State Gas' Scaled Net Operating Assets too high?
State Gas' current Scaled Net Operating Assets is 0.91. Overall, State Gas has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does State Gas' Scaled Net Operating Assets compare to COP and EOG?
State Gas' Scaled Net Operating Assets of 0.91 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 State Gas and its competitors. State Gas's current Scaled Net Operating Assets is 0.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is State Gas stock overvalued right now?
State Gas (STGSF) has a current Scaled Net Operating Assets of 0.91. The current Scaled Net Operating Assets is 0.91. State Gas' overall GF Score™ is 33/100 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 State Gas (STGSF), the current Scaled Net Operating Assets is 0.91 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.

State Gas Business Description

Industry EnergyOil & Gas
Other Exchanges GAS:Australia
Address 40 Edward Street, Suite 4, Level 1, Brisbane, QLD, AUS, 4000
State Gas Ltd is a natural gas exploration and development company with operations in the southern Bowen Basin in Central Queensland. The company's existing 100% owned exploration projects, when considered in conjunction with joint venture interests over adjoining areas, means State Gas has a prospective and substantial portfolio of natural gas resources. It operates in one segment, being the exploration and development of gas fields in Australia.
33GF 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.

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