UGI (STU:3U6) Scaled Net Operating Assets: 0.77 (As of Mar. 2026)


STU:3U6 UGI Corp STU:3U6
65 GF Score
Price €31.41
GF Value €21.38
Valuation Significantly Overvalued
! 4 Warning Signs
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What is UGI Scaled Net Operating Assets?

UGI STU:3U6 -0.32% 65 Scaled Net Operating Assets is 0.77 as of Mar. 2026. GuruFocus rates STU:3U6 with a GF Score™ of 65/100 and a GF Value™ of €21.38 (Significantly Overvalued). The stock has 4 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.

UGI's operating assets for the quarter that ended in Mar. 2026 was €13,516 Mil. UGI's operating liabilities for the quarter that ended in Mar. 2026 was €3,157 Mil. UGI's Total Assets for the quarter that ended in Dec. 2025 was €13,506 Mil. Therefore, UGI's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.77.

UGI Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for UGI'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.

UGI Scaled Net Operating Assets Chart

UGI Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.82 0.90 0.60 0.71 0.73

UGI 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 0.73 0.68 0.74 0.78 0.77

STU:3U6 vs SWX, NJR, BKH: Scaled Net Operating Assets Comparison

For the Utilities - Regulated Gas subindustry, UGI'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.

UGI Scaled Net Operating Assets vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, UGI's Scaled Net Operating Assets distribution charts can be found below:

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


STU:3U6
65GF Score
UGI Corp STU:3U6
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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UGI 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.

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

Scaled Net Operating Assets (SNOA)(A: Sep. 2025 )
=(Operating Assets (A: Sep. 2025 )-Operating Liabilities (A: Sep. 2025 ))/Total Assets (A: Sep. 2024 )
=(12888.204-3017.784)/13603.298
=0.73

where

Operating Assets(A: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=13173.624 - 285.42
=12888.204

Operating Liabilities(A: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9095.952 - 5564.412 - 513.756
=3017.784

UGI'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 )
=(13515.625-3157.25)/13506.01
=0.77

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=13942.935 - 427.31
=13515.625

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9247.715 - 5177.025 - 913.44
=3157.25

* 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?
UGI (STU:3U6) 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 UGI and its competitors.
Is UGI's Scaled Net Operating Assets too high?
UGI's current Scaled Net Operating Assets is 0.77. Overall, UGI has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does UGI's Scaled Net Operating Assets compare to SWX and NJR?
UGI's Scaled Net Operating Assets of 0.77 can be compared against companies in the Utilities - Regulated 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 Utilities - Regulated company?
A good Scaled Net Operating Assets depends on the Utilities - Regulated 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 UGI and its competitors. UGI'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 UGI stock overvalued right now?
Based on GuruFocus' analysis, UGI (STU:3U6) is currently considered Significantly Overvalued. The stock's GF Value™ is €21.38, compared to a current price of €31.41 — trading 46.9% above its estimated fair value. The current Scaled Net Operating Assets is 0.77. UGI's overall GF Score™ is 65/100 with 4 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 UGI (STU:3U6), 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 UGI (STU:3U6) Overvalued in 2026?

Based on GuruFocus' analysis, UGI stock appears to be overvalued. The current stock price of €31.41 is trading 46.9% above its estimated GF Value™ of €21.38. GuruFocus considers UGI to be Significantly Overvalued.

Key valuation signals for STU:3U6:

  • Scaled Net Operating Assets: 0.77
  • GF Value™: €21.38 vs. price of €31.41 (46.9% above fair value)
  • GF Score™: 65/100 with 4 warning signs

No single metric tells the full story. See the STU:3U6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

UGI Business Description

Other Exchanges UGI:USA
Address 500 North Gulph Road, King of Prussia, PA, USA, 19406
UGI Corp is an American holding company that, through its subsidiaries, is involved in the transport and marketing of energy and related services. Its segments include AmeriGas Propane, UGI International, Midstream & Marketing, and Utilities. The AmeriGas Propane segment consists of the propane distribution business. The UGI International segment consists of LPG distribution businesses. The Midstream & Marketing segment consists of energy-related businesses. The Utilities segment consists of the regulated natural gas and electric distribution. The company derives a majority of its revenue from the UGI International segment.
65GF Score

Get the complete analysis for STU:3U6

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

€31.41
Price
€21.38
GF Value