TMTNF (Toromont Industries) Scaled Net Operating Assets: 0.56 (As of Mar. 2026)


TMTNF Toromont Industries Ltd TMTNF
89 GF Score
Price $169.25
GF Value $105.04
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Toromont Industries Scaled Net Operating Assets?

Toromont Industries TMTNF +8.13% 89 Scaled Net Operating Assets is 0.56 as of Mar. 2026. GuruFocus rates TMTNF with a GF Score™ of 89/100 and a GF Value™ of $105.04 (Significantly Overvalued). The stock has 6 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.

Toromont Industries's operating assets for the quarter that ended in Mar. 2026 was $3,121 Mil. Toromont Industries's operating liabilities for the quarter that ended in Mar. 2026 was $906 Mil. Toromont Industries's Total Assets for the quarter that ended in Dec. 2025 was $3,965 Mil. Therefore, Toromont Industries's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.56.

Toromont Industries Scaled Net Operating Assets Historical Data

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The historical data trend for Toromont Industries'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.

Toromont Industries Scaled Net Operating Assets Chart

Toromont Industries Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.51 0.54 0.56 0.57 0.60

Toromont Industries 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 0.61 0.60 0.56 0.54 0.56

TMTNF vs GWW, FAST, FERG: Scaled Net Operating Assets Comparison

For the Industrial Distribution subindustry, Toromont Industries'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.

Toromont Industries Scaled Net Operating Assets vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Toromont Industries's Scaled Net Operating Assets distribution charts can be found below:

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


TMTNF
89GF Score
Toromont Industries Ltd TMTNF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Toromont Industries 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.

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

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(3004.605-963.181)/3417.205
=0.60

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3965.436 - 960.831
=3004.605

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1580.155 - 609.725 - 7.249
=963.181

Toromont Industries'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 )
=(3121.422-905.981)/3965.436
=0.56

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3968.074 - 846.652
=3121.422

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1522.074 - 616.093 - 0
=905.981

* 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 0.56 mean?
Toromont Industries (TMTNF) has a Scaled Net Operating Assets of 0.56 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 Toromont Industries and its competitors.
Is Toromont Industries' Scaled Net Operating Assets too high?
Toromont Industries' current Scaled Net Operating Assets is 0.56. Overall, Toromont Industries has a GF Score™ of 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toromont Industries' Scaled Net Operating Assets compare to GWW and FAST?
Toromont Industries' Scaled Net Operating Assets of 0.56 can be compared against companies in the Industrial Distribution 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 Industrial Distribution company?
A good Scaled Net Operating Assets depends on the Industrial Distribution 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 Toromont Industries and its competitors. Toromont Industries's current Scaled Net Operating Assets is 0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toromont Industries stock overvalued right now?
Based on GuruFocus' analysis, Toromont Industries (TMTNF) is currently considered Significantly Overvalued. The stock's GF Value™ is $105.04, compared to a current price of $169.25 — trading 61.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.56. Toromont Industries' overall GF Score™ is 89/100 with 6 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 Toromont Industries (TMTNF), the current Scaled Net Operating Assets is 0.56 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 Toromont Industries (TMTNF) Overvalued in 2026?

Based on GuruFocus' analysis, Toromont Industries stock appears to be overvalued. The current stock price of $169.25 is trading 61.1% above its estimated GF Value™ of $105.04. GuruFocus considers Toromont Industries to be Significantly Overvalued.

Key valuation signals for TMTNF:

  • Scaled Net Operating Assets: 0.56
  • GF Value™: $105.04 vs. price of $169.25 (61.1% above fair value)
  • GF Score™: 89/100 with 6 warning signs

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

Toromont Industries Business Description

Address 3131 Highway 7 West, P.O. Box 5511, Executive Offices, Concord, ON, CAN, L4K 1B7
Toromont Industries Ltd is a Canadian industrial company. The company operates two business segments: Equipment Group and CIMCO. The larger segment by revenue, Equipment Group supplies and rents mobile and stationary machines used in road building, mining, aggregates, public infrastructure, residential construction, power generation, agriculture, forestry, truck engines, industrial, demolition, and waste management. CIMCO offers solutions for the design, engineering, fabrication, and installation of industrial and recreational refrigeration systems. The company operates majorly in Canada and derives a smaller portion of sales from the United States of America and other regions.
89GF Score

Get the complete analysis for TMTNF

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

$169.25
Price
$105.04
GF Value