TBN (Tamboran Resources) Scaled Net Operating Assets: 0.88 (As of Mar. 2026)

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TBN Tamboran Resources Corp TBN
14 GF Score
Price $31.81
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What is Tamboran Resources Scaled Net Operating Assets?

Tamboran Resources TBN +0.32% 14 Scaled Net Operating Assets is 0.88 as of Mar. 2026. GuruFocus rates TBN with a GF Score™ of 14/100.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Tamboran Resources's operating assets for the quarter that ended in Mar. 2026 was $583.91 Mil. Tamboran Resources's operating liabilities for the quarter that ended in Mar. 2026 was $54.72 Mil. Tamboran Resources's Total Assets for the quarter that ended in Dec. 2025 was $600.56 Mil. Therefore, Tamboran Resources's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.88.


Tamboran Resources Scaled Net Operating Assets Historical Data

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The historical data trend for Tamboran Resources'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.

Tamboran Resources Scaled Net Operating Assets Chart

Tamboran Resources Annual Data
Trend Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Scaled Net Operating Assets
Get a 7-Day Free Trial 1.70 0.91 1.15 1.43 1.05

Tamboran Resources 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 0.90 0.99 0.90 0.97 0.88

TBN vs DMLP, KOS, HPK: Scaled Net Operating Assets Comparison

For the Oil & Gas E&P subindustry, Tamboran Resources'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.


Tamboran Resources Scaled Net Operating Assets vs Oil & Gas Industry

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

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


TBN
14GF Score
Tamboran Resources Corp TBN
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Tamboran Resources 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.

Tamboran Resources'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 )
=(407.023-30.613)/358.644
=1.05

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=446.462 - 39.439
=407.023

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=57.01 - 10.699 - 15.698
=30.613

Tamboran Resources'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 )
=(583.911-54.719)/600.555
=0.88

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=672.062 - 88.151
=583.911

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=125.484 - 54.498 - 16.267
=54.719

* 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 0.88 mean?
Tamboran Resources (TBN) has a Scaled Net Operating Assets of 0.88 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 Tamboran Resources and its competitors.
Is Tamboran Resources' Scaled Net Operating Assets too high?
Tamboran Resources' current Scaled Net Operating Assets is 0.88. Overall, Tamboran Resources has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Tamboran Resources' Scaled Net Operating Assets compare to DMLP and KOS?
Tamboran Resources' Scaled Net Operating Assets of 0.88 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 Tamboran Resources and its competitors. Tamboran Resources's current Scaled Net Operating Assets is 0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tamboran Resources stock overvalued right now?
Tamboran Resources (TBN) has a current Scaled Net Operating Assets of 0.88. The current Scaled Net Operating Assets is 0.88. Tamboran Resources' overall GF Score™ is 14/100. 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 Tamboran Resources (TBN), the current Scaled Net Operating Assets is 0.88 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.

Tamboran Resources Business Description

Industry EnergyOil & Gas
Address 100 Barangaroo Avenue, Suite 01, Level 39, Tower One, International Towers, Barangaroo, Sydney, NSW, AUS, 2000
Tamboran Resources Corp is a gas company focused on supporting the Net Zero CO2 energy transition in Australia and Asia-Pacific through developing low CO2 unconventional gas resources in the Australian Northern Territory. The group is in the exploration and appraisal stage, focusing on its primary assets consisting of rights to working interests in exploration acreage in the Beetaloo sub-basin, Northern Territory, Australia.
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