Kelso Technologies (TSX:KLS) Scaled Net Operating Assets: 0.74 (As of Mar. 2026)

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TSX:KLS Kelso Technologies Inc TSX:KLS
28 GF Score
Price C$0.14
GF Value C$0.15
Valuation Fairly Valued
! 2 Warning Signs
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What is Kelso Technologies Scaled Net Operating Assets?

Kelso Technologies TSX:KLS 28 Scaled Net Operating Assets is 0.74 as of Mar. 2026. GuruFocus rates TSX:KLS with a GF Score™ of 28/100 and a GF Value™ of C$0.15 (Fairly Valued). The stock has 2 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.

Kelso Technologies's operating assets for the quarter that ended in Mar. 2026 was C$7.27 Mil. Kelso Technologies's operating liabilities for the quarter that ended in Mar. 2026 was C$1.65 Mil. Kelso Technologies's Total Assets for the quarter that ended in Dec. 2025 was C$7.54 Mil. Therefore, Kelso Technologies's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.74.


Kelso Technologies Scaled Net Operating Assets Historical Data

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The historical data trend for Kelso Technologies'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.

Kelso Technologies Scaled Net Operating Assets Chart

Kelso Technologies 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 0.75 0.64 0.59 0.46 0.64

Kelso Technologies 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 0.67 0.60 0.64 0.67 0.75

TSX:KLS vs UNP, CSX, NSC: Scaled Net Operating Assets Comparison

For the Railroads subindustry, Kelso Technologies'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.


Kelso Technologies Scaled Net Operating Assets vs Transportation Industry

For the Transportation industry and Industrials sector, Kelso Technologies's Scaled Net Operating Assets distribution charts can be found below:

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


TSX:KLS
28GF Score
Kelso Technologies Inc TSX:KLS
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kelso Technologies 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.

Kelso Technologies'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 )
=(6.994-0.993)/9.36
=0.64

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=7.544 - 0.55
=6.994

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1.094 - 0.022 - 0.079
=0.993

Kelso Technologies'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 )
=(7.266-1.649)/7.544
=0.74

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=7.553 - 0.287
=7.266

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1.727 - 0 - 0.078
=1.649

* 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 0.74 mean?
Kelso Technologies (TSX:KLS) has a Scaled Net Operating Assets of 0.74 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 Kelso Technologies and its competitors.
Is Kelso Technologies' Scaled Net Operating Assets too high?
Kelso Technologies' current Scaled Net Operating Assets is 0.74. Overall, Kelso Technologies has a GF Score™ of 28/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kelso Technologies' Scaled Net Operating Assets compare to UNP and CSX?
Kelso Technologies' Scaled Net Operating Assets of 0.74 can be compared against companies in the Transportation 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 a Transportation company?
A good Scaled Net Operating Assets depends on the Transportation 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 Kelso Technologies and its competitors. Kelso Technologies's current Scaled Net Operating Assets is 0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kelso Technologies stock overvalued right now?
Based on GuruFocus' analysis, Kelso Technologies (TSX:KLS) is currently considered Fairly Valued. The stock's GF Value™ is C$0.15, compared to a current price of C$0.14 — trading 6.7% below its estimated fair value. The current Scaled Net Operating Assets is 0.74. Kelso Technologies' overall GF Score™ is 28/100 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 Kelso Technologies (TSX:KLS), the current Scaled Net Operating Assets is 0.74 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 Kelso Technologies (TSX:KLS) Overvalued in 2026?

Based on GuruFocus' analysis, Kelso Technologies stock appears to be undervalued. The current stock price of C$0.14 is trading 6.7% below its estimated GF Value™ of C$0.15. GuruFocus considers Kelso Technologies to be Fairly Valued.

Key valuation signals for TSX:KLS:

  • Scaled Net Operating Assets: 0.74
  • GF Value™: C$0.15 vs. price of C$0.14 (6.7% below fair value)
  • GF Score™: 28/100 with 2 warning signs

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


Kelso Technologies Business Description

Other Exchanges KIQSF:USA
Address 305 - 1979 Old Okanagan Highway, West Kelowna, BC, CAN, V4T 3A4
Kelso Technologies Inc is a railway equipment supplier that produces and sells tank car service equipment used for the safe loading, unloading, and containment of hazardous materials during transport. The firm designs, engineers, markets, produces, and distributes various fuel valves, pressure relief valves, manway securement systems, and other related products designed to reduce the risk of environmental harm due to non-accidental events in the transportation of hazardous commodities via railroad tank cars. It operates one business segment, which consists of the design, production, and distribution of various proprietary products for the rail sector. Geographically, it operates in the United States.
28GF Score

Get the complete analysis for TSX:KLS

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

C$0.14
Price
C$0.15
GF Value