Gibson Energy (TSX:GEI) Scaled Net Operating Assets: 0.78 (As of Mar. 2026)


TSX:GEI Gibson Energy Inc TSX:GEI
72 GF Score
Price C$29.06
GF Value C$20.23
Valuation Significantly Overvalued
! 10 Warning Signs
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What is Gibson Energy Scaled Net Operating Assets?

Gibson Energy TSX:GEI +1.43% 72 Scaled Net Operating Assets is 0.78 as of Mar. 2026. GuruFocus rates TSX:GEI with a GF Score™ of 72/100 and a GF Value™ of C$20.23 (Significantly Overvalued). The stock has 10 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.

Gibson Energy's operating assets for the quarter that ended in Mar. 2026 was C$4,955 Mil. Gibson Energy's operating liabilities for the quarter that ended in Mar. 2026 was C$1,321 Mil. Gibson Energy's Total Assets for the quarter that ended in Dec. 2025 was C$4,630 Mil. Therefore, Gibson Energy's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.78.


Gibson Energy Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Gibson 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.

Gibson Energy Scaled Net Operating Assets Chart

Gibson Energy 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 0.76 0.64 1.11 0.72 0.71

Gibson Energy 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 0.72 0.77 0.76 0.75 0.79

TSX:GEI vs WMB, EPD, KMI: Scaled Net Operating Assets Comparison

For the Oil & Gas Midstream subindustry, Gibson 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.


Gibson Energy Scaled Net Operating Assets vs Oil & Gas Industry

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

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


TSX:GEI
72GF Score
Gibson Energy Inc TSX:GEI
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gibson Energy 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.

Gibson Energy'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 )
=(4574.322-1027.746)/4971.539
=0.71

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4630.168 - 55.846
=4574.322

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3809.152 - 2763.303 - 18.103
=1027.746

Gibson Energy'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 )
=(4955.01-1320.815)/4630.168
=0.78

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5072.98 - 117.97
=4955.01

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4090.437 - 2752.535 - 17.087
=1320.815

* 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 0.78 mean?
Gibson Energy (TSX:GEI) has a Scaled Net Operating Assets of 0.78 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 Gibson Energy and its competitors.
Is Gibson Energy's Scaled Net Operating Assets too high?
Gibson Energy's current Scaled Net Operating Assets is 0.78. Overall, Gibson Energy has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gibson Energy's Scaled Net Operating Assets compare to WMB and EPD?
Gibson Energy's Scaled Net Operating Assets of 0.78 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 Gibson Energy and its competitors. Gibson Energy's current Scaled Net Operating Assets is 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gibson Energy stock overvalued right now?
Based on GuruFocus' analysis, Gibson Energy (TSX:GEI) is currently considered Significantly Overvalued. The stock's GF Value™ is C$20.23, compared to a current price of C$29.06 — trading 43.6% above its estimated fair value. The current Scaled Net Operating Assets is 0.78. Gibson Energy's overall GF Score™ is 72/100 with 10 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 Gibson Energy (TSX:GEI), the current Scaled Net Operating Assets is 0.78 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 Gibson Energy (TSX:GEI) Overvalued in 2026?

Based on GuruFocus' analysis, Gibson Energy stock appears to be overvalued. The current stock price of C$29.06 is trading 43.6% above its estimated GF Value™ of C$20.23. GuruFocus considers Gibson Energy to be Significantly Overvalued.

Key valuation signals for TSX:GEI:

  • Scaled Net Operating Assets: 0.78
  • GF Value™: C$20.23 vs. price of C$29.06 (43.6% above fair value)
  • GF Score™: 72/100 with 10 warning signs

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


Gibson Energy Business Description

Industry EnergyOil & Gas
Other Exchanges GBNXF:USA8GB:Germany
Address 440 - 2nd Avenue SW, Suite 1700, Calgary, AB, CAN, T2P 5E9
Gibson Energy Inc is an oil infrastructure company engaged in the storage, optimization, processing, and gathering of liquids and refined products, as well as waterborne vessel loading. The company's reportable segments are: Infrastructure and Marketing. The majority of its revenue is generated from the Marketing segment, which is involved in the purchasing, selling, storing, and optimizing of hydrocarbon products (such as crude oil, natural gas liquids, road asphalt, etc.) and marketing its refined products. The Marketing segment sources the majority of its hydrocarbon products from Western Canada as well as the Permian Basin and markets those products throughout Canada and the United States. Geographically, the company generates maximum revenue from Canada.
72GF Score

Get the complete analysis for TSX:GEI

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

C$29.06
Price
C$20.23
GF Value