Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Imperial Oil's operating assets for the quarter that ended in Mar. 2026 was C$44,424 Mil. Imperial Oil's operating liabilities for the quarter that ended in Mar. 2026 was C$18,566 Mil. Imperial Oil's Total Assets for the quarter that ended in Dec. 2025 was C$42,309 Mil. Therefore, Imperial Oil's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.61.
Imperial Oil Scaled Net Operating Assets Related Terms
Imperial Oil Scaled Net Operating Assets Historical Data
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The historical data trend for Imperial Oil'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.
TSX:IMO vs XOM, CVX: Scaled Net Operating Assets Comparison
For the Oil & Gas Integrated subindustry, Imperial Oil'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.
Imperial Oil Scaled Net Operating Assets vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Imperial Oil's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Imperial Oil'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 0.61 mean?
Imperial Oil (TSX:IMO) has a Scaled Net Operating Assets of 0.61 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 Imperial Oil and its competitors.
Is Imperial Oil's Scaled Net Operating Assets too high?
Imperial Oil's current Scaled Net Operating Assets is 0.61. Overall, Imperial Oil has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Imperial Oil's Scaled Net Operating Assets compare to XOM and CVX?
Imperial Oil's Scaled Net Operating Assets of 0.61 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 Imperial Oil and its competitors. Imperial Oil's current Scaled Net Operating Assets is 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Imperial Oil stock overvalued right now?
Based on GuruFocus' analysis, Imperial Oil (TSX:IMO) is currently considered Significantly Overvalued. The stock's GF Value™ is C$114.25, compared to a current price of C$159.26 — trading 39.4% above its estimated fair value. The current Scaled Net Operating Assets is 0.61. Imperial Oil's overall GF Score™ is 80/100 with 2 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 Imperial Oil (TSX:IMO), the current Scaled Net Operating Assets is 0.61 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 Imperial Oil (TSX:IMO) Overvalued in 2026?
Based on GuruFocus' analysis, Imperial Oil stock appears to be overvalued.
The current stock price of C$159.26 is trading 39.4% above its estimated GF Value™ of C$114.25.
GuruFocus considers Imperial Oil to be Significantly Overvalued.
Key valuation signals for TSX:IMO:
Scaled Net Operating Assets: 0.61
GF Value™: C$114.25 vs. price of C$159.26 (39.4% above fair value)
No single metric tells the full story. See the TSX:IMO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Imperial Oil Ltd is an integrated oil company active in all phases of the petroleum industry in Canada, including the exploration for, and production and sale of, crude oil, natural gas, petroleum products, and petrochemicals. It also pursues lower-emission business opportunities, including carbon capture and storage, hydrogen, lower-emission fuels, and lithium. The company's reportable segments are Upstream, Downstream, and Chemical. Maximum revenue for the company is generated from its Downstream segment, which refines crude oil into petroleum products and distributes and market these products. The Upstream segment explores and produces crude oil, its equivalents, and natural gas, and the Chemical segment manufactures and markets hydrocarbon-based chemicals and chemical products.
80GF Score
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