VANAF (Largo Physical Vanadium) Scaled Net Operating Assets: 1.27 (As of Mar. 2026)


VANAF Largo Physical Vanadium Corp VANAF
39 GF Score
Price $0.60
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What is Largo Physical Vanadium Scaled Net Operating Assets?

Largo Physical Vanadium VANAF -0.27% 39 Scaled Net Operating Assets is 1.27 as of Mar. 2026. GuruFocus rates VANAF with a GF Score™ of 39/100.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Largo Physical Vanadium's operating assets for the quarter that ended in Mar. 2026 was $23.77 Mil. Largo Physical Vanadium's operating liabilities for the quarter that ended in Mar. 2026 was $0.87 Mil. Largo Physical Vanadium's Total Assets for the quarter that ended in Dec. 2025 was $18.05 Mil. Therefore, Largo Physical Vanadium's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 1.27.

Largo Physical Vanadium Scaled Net Operating Assets Historical Data

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The historical data trend for Largo Physical Vanadium'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.

Largo Physical Vanadium Scaled Net Operating Assets Chart

Largo Physical Vanadium Annual Data
Trend Jul21 Jul22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
-0.16 -2.23 0.87 0.80 0.94

Largo Physical Vanadium Quarterly Data
Jul21 Jul22 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 0.91 0.93 0.94 0.97 1.27

Largo Physical Vanadium Scaled Net Operating Assets Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Largo Physical Vanadium'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.

Largo Physical Vanadium Scaled Net Operating Assets vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Largo Physical Vanadium's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Largo Physical Vanadium's Scaled Net Operating Assets falls into.


VANAF
39GF Score
Largo Physical Vanadium Corp VANAF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Largo Physical Vanadium 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.

Largo Physical Vanadium'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 )
=(17.815-0.765)/18.211
=0.94

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=18.048 - 0.233
=17.815

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.765 - 0 - 0
=0.765

Largo Physical Vanadium'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 )
=(23.771-0.87)/18.048
=1.27

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=23.866 - 0.095
=23.771

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.87 - 0 - 0
=0.87

* 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 1.27 mean?
Largo Physical Vanadium (VANAF) has a Scaled Net Operating Assets of 1.27 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 Largo Physical Vanadium and its competitors.
Is Largo Physical Vanadium's Scaled Net Operating Assets too high?
Largo Physical Vanadium's current Scaled Net Operating Assets is 1.27. Overall, Largo Physical Vanadium has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Largo Physical Vanadium's Scaled Net Operating Assets compare to competitors?
Largo Physical Vanadium's Scaled Net Operating Assets of 1.27 can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Scaled Net Operating Assets depends on the Metals & Mining 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 Largo Physical Vanadium and its competitors. Largo Physical Vanadium's current Scaled Net Operating Assets is 1.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Largo Physical Vanadium stock overvalued right now?
Largo Physical Vanadium (VANAF) has a current Scaled Net Operating Assets of 1.27. The current Scaled Net Operating Assets is 1.27. Largo Physical Vanadium's overall GF Score™ is 39/100. 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 Largo Physical Vanadium (VANAF), the current Scaled Net Operating Assets is 1.27 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.

Largo Physical Vanadium Business Description

Other Exchanges VAND:Canada
Address 100 King Street West, Suite 1600, Toronto, ON, CAN, M5X 1G5
Largo Physical Vanadium Corp is engaged in manufacturing high-quality vanadium products. It also aims to provide a secure, convenient, and exchange-traded investment alternative for investors interested in direct investment exposure to physical vanadium and not to speculate about short-term changes in vanadium prices.
39GF Score

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

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