Orsted AS (WBO:ORST) Scaled Net Operating Assets: 0.46 (As of Mar. 2026)


WBO:ORST Orsted AS WBO:ORST
53 GF Score
Price €19.82
GF Value €19.72
Valuation Fairly Valued
! 6 Warning Signs
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What is Orsted AS Scaled Net Operating Assets?

Orsted AS WBO:ORST -1.00% 53 Scaled Net Operating Assets is 0.46 as of Mar. 2026. GuruFocus rates WBO:ORST with a GF Score™ of 53/100 and a GF Value™ of €19.72 (Fairly Valued). 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.

Orsted AS's operating assets for the quarter that ended in Mar. 2026 was €37,675 Mil. Orsted AS's operating liabilities for the quarter that ended in Mar. 2026 was €14,887 Mil. Orsted AS's Total Assets for the quarter that ended in Dec. 2025 was €49,261 Mil. Therefore, Orsted AS's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.46.


Orsted AS Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Orsted AS'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.

Orsted AS Scaled Net Operating Assets Chart

Orsted AS 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 0.66 0.47 0.40 0.56 0.57

Orsted AS 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 0.55 0.57 0.61 0.57 0.46

Orsted AS Scaled Net Operating Assets Competitor Comparison

For the Utilities - Renewable subindustry, Orsted AS'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.


Orsted AS Scaled Net Operating Assets vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Orsted AS's Scaled Net Operating Assets distribution charts can be found below:

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


WBO:ORST
53GF Score
Orsted AS WBO:ORST
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Orsted AS 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.

Orsted AS'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 )
=(37601.358-14878.323)/40064.115
=0.57

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=49260.847 - 11659.489
=37601.358

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=29319.23 - 12762.871 - 1678.036
=14878.323

Orsted AS'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 )
=(37674.922-14886.943)/49260.847
=0.46

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=48209.237 - 10534.315
=37674.922

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=28033.797 - 12732.637 - 414.217
=14886.943

* 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 0.46 mean?
Orsted AS (WBO:ORST) has a Scaled Net Operating Assets of 0.46 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 Orsted AS and its competitors.
Is Orsted AS's Scaled Net Operating Assets too high?
Orsted AS's current Scaled Net Operating Assets is 0.46. Overall, Orsted AS has a GF Score™ of 53/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Orsted AS's Scaled Net Operating Assets compare to competitors?
Orsted AS's Scaled Net Operating Assets of 0.46 can be compared against companies in the Utilities - Independent Power Producers 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 - Independent Power Producers company?
A good Scaled Net Operating Assets depends on the Utilities - Independent Power Producers 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 Orsted AS and its competitors. Orsted AS's current Scaled Net Operating Assets is 0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orsted AS stock overvalued right now?
Based on GuruFocus' analysis, Orsted AS (WBO:ORST) is currently considered Fairly Valued. The stock's GF Value™ is €19.72, compared to a current price of €19.82 — trading 0.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.46. Orsted AS's overall GF Score™ is 53/100 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 Orsted AS (WBO:ORST), the current Scaled Net Operating Assets is 0.46 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 Orsted AS (WBO:ORST) Overvalued in 2026?

Based on GuruFocus' analysis, Orsted AS stock appears to be overvalued. The current stock price of €19.82 is trading 0.5% above its estimated GF Value™ of €19.72. GuruFocus considers Orsted AS to be Fairly Valued.

Key valuation signals for WBO:ORST:

  • Scaled Net Operating Assets: 0.46
  • GF Value™: €19.72 vs. price of €19.82 (0.5% above fair value)
  • GF Score™: 53/100 with 6 warning signs

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


Orsted AS Business Description

Address Kraftvaerksvej 53, Skaerbaek, Fredericia, DNK, DK-7000
Danish company Orsted was named Dong Energy until the sale of all its oil and gas fields to Ineos in 2017, soon after the May 2016 initial public offering. Orsted is now focused on renewable assets, especially offshore wind farms. It operated 9.9 gigawatts of offshore wind farms at the end of 2024. The United Kingdom is the biggest country of operation, ahead of Germany and Denmark. The group intends to develop its footprint outside Europe with projects in Taiwan and in the US. Orsted also operates 4.8 GW of onshore wind and solar assets concentrated in the United States. The company is involved in more traditional utilities business like conventional power plants and gas supply, but these activities are noncore.
53GF 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.

€19.82
Price
€19.72
GF Value