Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Ultrapar Participacoes's operating assets for the quarter that ended in Mar. 2026 was $8,234 Mil. Ultrapar Participacoes's operating liabilities for the quarter that ended in Mar. 2026 was $2,024 Mil. Ultrapar Participacoes's Total Assets for the quarter that ended in Dec. 2025 was $9,045 Mil. Therefore, Ultrapar Participacoes's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.69.
Ultrapar Participacoes Scaled Net Operating Assets Related Terms
Ultrapar Participacoes Scaled Net Operating Assets Historical Data
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The historical data trend for Ultrapar Participacoes'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.
Ultrapar Participacoes Scaled Net Operating Assets Chart
UGP vs VLO, MPC, PSX: Scaled Net Operating Assets Comparison
For the Oil & Gas Refining & Marketing subindustry, Ultrapar Participacoes'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.
Ultrapar Participacoes Scaled Net Operating Assets vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Ultrapar Participacoes's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Ultrapar Participacoes'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 0.69 mean?
Ultrapar Participacoes (UGP) has a Scaled Net Operating Assets of 0.69 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 Ultrapar Participacoes and its competitors.
Is Ultrapar Participacoes' Scaled Net Operating Assets too high?
Ultrapar Participacoes' current Scaled Net Operating Assets is 0.69. Overall, Ultrapar Participacoes has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ultrapar Participacoes' Scaled Net Operating Assets compare to VLO and MPC?
Ultrapar Participacoes' Scaled Net Operating Assets of 0.69 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 Ultrapar Participacoes and its competitors. Ultrapar Participacoes's current Scaled Net Operating Assets is 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ultrapar Participacoes stock overvalued right now?
Based on GuruFocus' analysis, Ultrapar Participacoes (UGP) is currently considered Fairly Valued. The stock's GF Value™ is $4.57, compared to a current price of $4.96 — trading 8.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.69. Ultrapar Participacoes' overall GF Score™ is 77/100 with 1 warning sign 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 Ultrapar Participacoes (UGP), the current Scaled Net Operating Assets is 0.69 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 Ultrapar Participacoes (UGP) Overvalued in 2026?
Based on GuruFocus' analysis, Ultrapar Participacoes stock appears to be overvalued.
The current stock price of $4.96 is trading 8.5% above its estimated GF Value™ of $4.57.
GuruFocus considers Ultrapar Participacoes to be Fairly Valued.
Key valuation signals for UGP:
Scaled Net Operating Assets: 0.69
GF Value™: $4.57 vs. price of $4.96 (8.5% above fair value)
No single metric tells the full story. See the UGP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ultrapar Participacoes SA engages in the investment of its own capital in services, commercial, and industrial activities, through the subscription or acquisition of shares of other companies. The company's business segments include: i) Ultragaz distributes LPG in the segments: bulk, comprising condominiums, trade, services, industries, and agribusiness; and bottled, mainly comprising residential consumers. ii) Ipiranga, the majority revenue generating segment, engages in the distribution and sale of oil-related products to service stations that operate under the Ipiranga brand throughout Brazil. iii) Ultracargo operates in specialized liquid bulk storage solutions in the main logistics centers. iv) Hidrovias: operates in logistics solutions and waterway and multimodal infrastructure.
77GF Score
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