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Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Atmos Energy's operating assets for the quarter that ended in Mar. 2026 was €26,170 Mil. Atmos Energy's operating liabilities for the quarter that ended in Mar. 2026 was €5,054 Mil. Atmos Energy's Total Assets for the quarter that ended in Dec. 2025 was €25,448 Mil. Therefore, Atmos Energy's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.83.
Atmos Energy Scaled Net Operating Assets Related Terms
Atmos Energy Scaled Net Operating Assets Historical Data
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The historical data trend for Atmos Energy'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.
STU:AEO vs NI, UGI, SWX: Scaled Net Operating Assets Comparison
For the Utilities - Regulated Gas subindustry, Atmos Energy'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.
Atmos Energy Scaled Net Operating Assets vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Atmos Energy's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Atmos Energy'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 0.83 mean?
Atmos Energy (STU:AEO) has a Scaled Net Operating Assets of 0.83 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 Atmos Energy and its competitors.
Is Atmos Energy's Scaled Net Operating Assets too high?
Atmos Energy's current Scaled Net Operating Assets is 0.83. Overall, Atmos Energy has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Atmos Energy's Scaled Net Operating Assets compare to NI and UGI?
Atmos Energy's Scaled Net Operating Assets of 0.83 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 Atmos Energy and its competitors. Atmos Energy's current Scaled Net Operating Assets is 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atmos Energy stock overvalued right now?
Based on GuruFocus' analysis, Atmos Energy (STU:AEO) is currently considered Modestly Overvalued. The stock's GF Value™ is €136.61, compared to a current price of €156.40 — trading 14.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.83. Atmos Energy's overall GF Score™ is 86/100 with 7 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 Atmos Energy (STU:AEO), the current Scaled Net Operating Assets is 0.83 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 Atmos Energy (STU:AEO) Overvalued in 2026?
Based on GuruFocus' analysis, Atmos Energy stock appears to be overvalued.
The current stock price of €156.40 is trading 14.5% above its estimated GF Value™ of €136.61.
GuruFocus considers Atmos Energy to be Modestly Overvalued.
Key valuation signals for STU:AEO:
Scaled Net Operating Assets: 0.83
GF Value™: €136.61 vs. price of €156.40 (14.5% above fair value)
No single metric tells the full story. See the STU:AEO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Atmos Energy is the largest publicly traded, fully regulated, pure-play natural gas utility in the United States, serving more than 3.3 million customers in Texas, Colorado, Kansas, Kentucky, Louisiana, Mississippi, Tennessee, and Virginia. About two thirds of its earnings come from Texas, where it distributes natural gas in northern Texas and owns an intrastate gas pipeline spanning several key shale gas formations and interconnected with five storage facilities.
86GF Score
Get the complete analysis for STU:AEO
Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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