Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Plug Power's operating assets for the quarter that ended in Mar. 2026 was €1,855.4 Mil. Plug Power's operating liabilities for the quarter that ended in Mar. 2026 was €505.3 Mil. Plug Power's Total Assets for the quarter that ended in Dec. 2025 was €2,215.8 Mil. Therefore, Plug Power's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.61.
Plug Power Scaled Net Operating Assets Related Terms
Plug Power Scaled Net Operating Assets Historical Data
* Premium members only.
The historical data trend for Plug Power'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.
WBO:PLUG vs HAYW, TE, AMPX: Scaled Net Operating Assets Comparison
For the Electrical Equipment & Parts subindustry, Plug Power'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.
Plug Power Scaled Net Operating Assets vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Plug Power's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Plug Power'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 0.61 mean?
Plug Power (WBO:PLUG) has a Scaled Net Operating Assets of 0.61 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 Plug Power and its competitors.
Is Plug Power's Scaled Net Operating Assets too high?
Plug Power's current Scaled Net Operating Assets is 0.61. Overall, Plug Power has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Plug Power's Scaled Net Operating Assets compare to HAYW and TE?
Plug Power's Scaled Net Operating Assets of 0.61 can be compared against companies in the Industrial Products 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 Industrial Products company?
A good Scaled Net Operating Assets depends on the Industrial Products 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 Plug Power and its competitors. Plug Power's current Scaled Net Operating Assets is 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Plug Power stock overvalued right now?
Based on GuruFocus' analysis, Plug Power (WBO:PLUG) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.29, compared to a current price of €2.23 — trading 73% above its estimated fair value. The current Scaled Net Operating Assets is 0.61. Plug Power's overall GF Score™ is 34/100 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 Plug Power (WBO:PLUG), the current Scaled Net Operating Assets is 0.61 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 Plug Power (WBO:PLUG) Overvalued in 2026?
Based on GuruFocus' analysis, Plug Power stock appears to be overvalued.
The current stock price of €2.23 is trading 73% above its estimated GF Value™ of €1.29.
GuruFocus considers Plug Power to be Significantly Overvalued.
Key valuation signals for WBO:PLUG:
Scaled Net Operating Assets: 0.61
GF Value™: €1.29 vs. price of €2.23 (73% above fair value)
No single metric tells the full story. See the WBO:PLUG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Plug Power Inc is building an end-to-end green hydrogen ecosystem, from production, storage, and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets, including material handling, e-mobility, power generation, and industrial applications.
34GF Score
Get the complete analysis for WBO:PLUG
Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
WBO:PLUG has been successfully added to your 
