Pulse Oil (TSXV:PUL) Scaled Net Operating Assets: 0.82 (As of Dec. 2025)

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What is Pulse Oil Scaled Net Operating Assets?

Pulse Oil TSXV:PUL -33.33% Scaled Net Operating Assets is 0.82 as of Dec. 2025. The stock has 4 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.

Pulse Oil's operating assets for the quarter that ended in Dec. 2025 was C$30.24 Mil. Pulse Oil's operating liabilities for the quarter that ended in Dec. 2025 was C$4.69 Mil. Pulse Oil's Total Assets for the quarter that ended in Sep. 2025 was C$30.97 Mil. Therefore, Pulse Oil's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.82.


Pulse Oil Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Pulse 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.

Pulse Oil Scaled Net Operating Assets Chart

Pulse Oil 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 0.84 1.10 0.76 0.81 0.86

Pulse Oil Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.68 0.80 0.86 0.87 0.83

TSXV:PUL vs COP, EOG, FANG: Scaled Net Operating Assets Comparison

For the Oil & Gas E&P subindustry, Pulse 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.


Pulse Oil Scaled Net Operating Assets vs Oil & Gas Industry

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

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



Pulse Oil 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.

Pulse Oil'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 )
=(30.235-4.691)/29.559
=0.86

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=30.274 - 0.039
=30.235

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7.978 - 0 - 3.287
=4.691

Pulse Oil's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Sep. 2025 )
=(30.235-4.691)/30.968
=0.82

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=30.274 - 0.039
=30.235

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7.978 - 0 - 3.287
=4.691

* 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 0.82 mean?
Pulse Oil (TSXV:PUL) has a Scaled Net Operating Assets of 0.82 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Pulse Oil and its competitors.
Is Pulse Oil's Scaled Net Operating Assets too high?
Pulse Oil's current Scaled Net Operating Assets is 0.82.
How does Pulse Oil's Scaled Net Operating Assets compare to COP and EOG?
Pulse Oil's Scaled Net Operating Assets of 0.82 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 Pulse Oil and its competitors. Pulse Oil's current Scaled Net Operating Assets is 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pulse Oil stock overvalued right now?
Based on GuruFocus' analysis, Pulse Oil (TSXV:PUL) is currently considered Possible Value Trap. The stock's GF Value™ is C$0.02, compared to a current price of C$0.01 — trading 50% below its estimated fair value. The current Scaled Net Operating Assets is 0.82. 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 Pulse Oil (TSXV:PUL), the current Scaled Net Operating Assets is 0.82 as of Dec. 2025. 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.

Pulse Oil Business Description

Industry EnergyOil & Gas
Address 666 Burrard Street, Suite 500, Vancouver, BC, CAN, V6C 3P6
Pulse Oil Corp is a Canadian oil and gas company engaged in oil and gas exploration and production in Canada. It has two primary reporting segments located in the Bigoray area of Alberta and the Queenstown area of southern Alberta. The company holds various acres of land in the Bigoray area of Alberta and the Queenstown area of southern Alberta, managing its oil and gas assets, including proved, probable, producing, and non-producing reserves. It focuses on enhanced oil recovery (EOR) in its Nisku D and E Pools, aiming to improve production efficiency through miscible flood schemes. The company produces all of its crude oil and natural gas through conventional methods of production. All production is transported via pipeline or trucking to nearby purchasers of all products.