Energa (WAR:ENG) Scaled Net Operating Assets: 0.70 (As of Mar. 2026)


WAR:ENG Energa SA WAR:ENG
63 GF Score
Price zł18.66
GF Value zł11.92
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Energa Scaled Net Operating Assets?

Energa WAR:ENG +0.21% 63 Scaled Net Operating Assets is 0.70 as of Mar. 2026. GuruFocus rates WAR:ENG with a GF Score™ of 63/100 and a GF Value™ of zł11.92 (Significantly Overvalued). 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.

Energa's operating assets for the quarter that ended in Mar. 2026 was zł37,682 Mil. Energa's operating liabilities for the quarter that ended in Mar. 2026 was zł9,411 Mil. Energa's Total Assets for the quarter that ended in Dec. 2025 was zł40,269 Mil. Therefore, Energa's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.70.


Energa Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Energa'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.

Energa Scaled Net Operating Assets Chart

Energa 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 0.79 0.83 0.64 0.72 0.75

Energa 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 0.66 0.71 0.71 0.74 0.70

WAR:ENG vs NEE, SO, DUK: Scaled Net Operating Assets Comparison

For the Utilities - Regulated Electric subindustry, Energa'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.


Energa Scaled Net Operating Assets vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Energa's Scaled Net Operating Assets distribution charts can be found below:

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


WAR:ENG
63GF Score
Energa SA WAR:ENG
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Energa 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.

Energa'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 )
=(37602-10724)/35673
=0.75

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=40269 - 2667
=37602

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=26553 - 13385 - 2444
=10724

Energa'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 )
=(37682-9411)/40269
=0.70

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=39760 - 2078
=37682

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=25280 - 11959 - 3910
=9411

* 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 0.70 mean?
Energa (WAR:ENG) has a Scaled Net Operating Assets of 0.70 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 Energa and its competitors.
Is Energa's Scaled Net Operating Assets too high?
Energa's current Scaled Net Operating Assets is 0.70. Overall, Energa has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Energa's Scaled Net Operating Assets compare to NEE and SO?
Energa's Scaled Net Operating Assets of 0.70 can be compared against companies in the Utilities - Regulated 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 Utilities - Regulated company?
A good Scaled Net Operating Assets depends on the Utilities - Regulated 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 Energa and its competitors. Energa's current Scaled Net Operating Assets is 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Energa stock overvalued right now?
Based on GuruFocus' analysis, Energa (WAR:ENG) is currently considered Significantly Overvalued. The stock's GF Value™ is zł11.92, compared to a current price of zł18.66 — trading 56.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.70. Energa's overall GF Score™ is 63/100 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 Energa (WAR:ENG), the current Scaled Net Operating Assets is 0.70 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 Energa (WAR:ENG) Overvalued in 2026?

Based on GuruFocus' analysis, Energa stock appears to be overvalued. The current stock price of zł18.66 is trading 56.5% above its estimated GF Value™ of zł11.92. GuruFocus considers Energa to be Significantly Overvalued.

Key valuation signals for WAR:ENG:

  • Scaled Net Operating Assets: 0.70
  • GF Value™: zł11.92 vs. price of zł18.66 (56.5% above fair value)
  • GF Score™: 63/100 with 6 warning signs

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


Energa Business Description

Address Al. Grunwaldzka 472, Gdansk, POL, 80-309
Energa SA is a Polish electric utility company of which the State Treasury of Poland is the majority shareholder. Energa SA is involved in the distribution, generation, and sale of electrical energy. The company segments its activities into Electricity Distribution, Generation, and Sales units. The Distribution division operates an electricity transmission system in Northern and Central Poland, where it is the sole distributor. Energa's Generation business controls a portfolio of coal, hydro, biomass, and wind power plants throughout the country. Coal-fired facilities account for a majority of the company's energy production. The majority of Energa's earnings are derived from the business of distributing electricity.
63GF Score

Get the complete analysis for WAR:ENG

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

zł18.66
Price
zł11.92
GF Value