TerraVest Industries (TSX:TVK) Scaled Net Operating Assets: 0.93 (As of Mar. 2026)

What is TerraVest Industries Scaled Net Operating Assets?

TerraVest Industries TSX:TVK +0.19% 91 Scaled Net Operating Assets is 0.93 as of Mar. 2026. GuruFocus rates TSX:TVK with a GF Score™ of 91/100 and a GF Value™ of C$154.76 (Modestly Undervalued). 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.

TerraVest Industries's operating assets for the quarter that ended in Mar. 2026 was C$2,242 Mil. TerraVest Industries's operating liabilities for the quarter that ended in Mar. 2026 was C$361 Mil. TerraVest Industries's Total Assets for the quarter that ended in Dec. 2025 was C$2,026 Mil. Therefore, TerraVest Industries's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.93.

TerraVest Industries Scaled Net Operating Assets Related Terms

TerraVest Industries Scaled Net Operating Assets Historical Data

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The historical data trend for TerraVest 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.

TerraVest Industries Scaled Net Operating Assets Chart

TerraVest Industries Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Sep25

Scaled Net Operating Assets

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0.98

1.14

0.78

1.03

2.00

TerraVest 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															1.73	0.85	0.83	0.82	0.93

TSX:TVK vs SLB, BKR, HAL: Scaled Net Operating Assets Comparison

For the Oil & Gas Equipment & Services subindustry, TerraVest 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.

TerraVest Industries Scaled Net Operating Assets vs Oil & Gas Industry

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

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

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91GF Score

TerraVest Industries Inc TSX:TVK

Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.

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TerraVest 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.

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

	Scaled Net Operating Assets (SNOA)		(A: Sep. 2025 )
=	(Operating Assets (A: Sep. 2025 )	-	Operating Liabilities (A: Sep. 2025 ))	/	Total Assets (A: Sep. 2024 )
=	(2066.58	-	327.421)	/	867.827
=	2.00

where

	Operating Assets		(A: Sep. 2025 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	2080.526	-	13.946
=	2066.58

	Operating Liabilities		(A: Sep. 2025 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1318.37	-	868.748	-	122.201
=	327.421

TerraVest 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 )
=	(2241.665	-	360.977)	/	2026.228
=	0.93

where

	Operating Assets		(Q: Mar. 2026 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	2268.705	-	27.04
=	2241.665

	Operating Liabilities		(Q: Mar. 2026 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1460.444	-	977.822	-	121.645
=	360.977

Frequently Asked Questions Learn more about Scaled Net Operating Assets →

What does a Scaled Net Operating Assets of 0.93 mean?

TerraVest Industries (TSX:TVK) has a Scaled Net Operating Assets of 0.93 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 TerraVest Industries and its competitors.

Is TerraVest Industries' Scaled Net Operating Assets too high?

TerraVest Industries' current Scaled Net Operating Assets is 0.93. Overall, TerraVest Industries has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does TerraVest Industries' Scaled Net Operating Assets compare to SLB and BKR?

TerraVest Industries' Scaled Net Operating Assets of 0.93 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 TerraVest Industries and its competitors. TerraVest Industries's current Scaled Net Operating Assets is 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is TerraVest Industries stock overvalued right now?

Based on GuruFocus' analysis, TerraVest Industries (TSX:TVK) is currently considered Modestly Undervalued. The stock's GF Value™ is C$154.76, compared to a current price of C$119.21 — trading 23% below its estimated fair value. The current Scaled Net Operating Assets is 0.93. TerraVest Industries' overall GF Score™ is 91/100 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 TerraVest Industries (TSX:TVK), the current Scaled Net Operating Assets is 0.93 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 TerraVest Industries (TSX:TVK) Overvalued in 2026?

Based on GuruFocus' analysis, TerraVest Industries stock appears to be undervalued. The current stock price of C$119.21 is trading 23% below its estimated GF Value™ of C$154.76. GuruFocus considers TerraVest Industries to be Modestly Undervalued.

Key valuation signals for TSX:TVK:

Scaled Net Operating Assets: 0.93
GF Value™: C$154.76 vs. price of C$119.21 (23% below fair value)
GF Score™: 91/100 with 6 warning signs

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

TerraVest Industries Business Description

Industry Energy Oil & Gas

Comparable Companies TSX:CEU TSX:TCW TSX:PSI TSX:EFX TSX:TOT TSX:MATR TSX:CFW TSX:NOA TSX:MTEK TSX:SHLE SLB BKR MIL:TEN HAL FTI SZSE:002353 OSL:SUBC MIL:SPM XPAR:GTT KGS

Other Exchanges TRRVF:USA 4TV:Germany

Address 60th Street, Suite 6205, Vegreville, AB, CAN, T9C 1S3

Website https://www.terravestindustries.com

TerraVest Industries Inc manufactures home heating products, propane, anhydrous ammonia, natural gas liquids transport vehicles, storage vessels, energy processing equipment, and fiberglass storage tanks. The company's operating segments include Home Heating and Cooling Products and Containment Equipment (HVAC Equipment), Compressed Gas Storage and Distribution Equipment (Compressed Gas Equipment), Energy Processing Equipment (Processing Equipment), and Service. The majority of its revenue is generated from its HVAC and Cooling Products and Containment Equipment segment which manufactures and distributes products including commercial and residential refined fuel tanks, wastewater treatment systems, grease removal systems, and other custom-built steel storage products.

91GF Score

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C$119.21

Price

C$154.76

GF Value

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