WTTR (Select Water Solutions) Scaled Net Operating Assets: 0.85 (As of Mar. 2026)


WTTR Select Water Solutions Inc WTTR
66 GF Score
Price $19.66
GF Value $9.06
Valuation Significantly Overvalued
! 11 Warning Signs
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What is Select Water Solutions Scaled Net Operating Assets?

Select Water Solutions WTTR +2.50% 66 Scaled Net Operating Assets is 0.85 as of Mar. 2026. GuruFocus rates WTTR with a GF Score™ of 66/100 and a GF Value™ of $9.06 (Significantly Overvalued). The stock has 11 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.

Select Water Solutions's operating assets for the quarter that ended in Mar. 2026 was $1,651 Mil. Select Water Solutions's operating liabilities for the quarter that ended in Mar. 2026 was $302 Mil. Select Water Solutions's Total Assets for the quarter that ended in Dec. 2025 was $1,596 Mil. Therefore, Select Water Solutions's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.85.


Select Water Solutions Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Select Water Solutions'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.

Select Water Solutions Scaled Net Operating Assets Chart

Select Water Solutions 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 0.77 1.01 0.73 0.84 0.92

Select Water Solutions 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 0.86 0.77 0.81 0.79 0.85

WTTR vs AESI, NESR, NEXT: Scaled Net Operating Assets Comparison

For the Oil & Gas Equipment & Services subindustry, Select Water Solutions'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.


Select Water Solutions Scaled Net Operating Assets vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Select Water Solutions's Scaled Net Operating Assets distribution charts can be found below:

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


WTTR
66GF Score
Select Water Solutions Inc WTTR
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Select Water Solutions 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.

Select Water Solutions'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 )
=(1577.528-315.822)/1366.282
=0.92

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1595.612 - 18.084
=1577.528

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=668.545 - 306.576 - 46.147
=315.822

Select Water Solutions'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 )
=(1650.905-302)/1595.612
=0.85

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1706.875 - 55.97
=1650.905

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=587.242 - 223.369 - 61.873
=302

* 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 0.85 mean?
Select Water Solutions (WTTR) has a Scaled Net Operating Assets of 0.85 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 Select Water Solutions and its competitors.
Is Select Water Solutions' Scaled Net Operating Assets too high?
Select Water Solutions' current Scaled Net Operating Assets is 0.85. Overall, Select Water Solutions has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Select Water Solutions' Scaled Net Operating Assets compare to AESI and NESR?
Select Water Solutions' Scaled Net Operating Assets of 0.85 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 Select Water Solutions and its competitors. Select Water Solutions's current Scaled Net Operating Assets is 0.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Select Water Solutions stock overvalued right now?
Based on GuruFocus' analysis, Select Water Solutions (WTTR) is currently considered Significantly Overvalued. The stock's GF Value™ is $9.06, compared to a current price of $19.66 — trading 117% above its estimated fair value. The current Scaled Net Operating Assets is 0.85. Select Water Solutions' overall GF Score™ is 66/100 with 11 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 Select Water Solutions (WTTR), the current Scaled Net Operating Assets is 0.85 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 Select Water Solutions (WTTR) Overvalued in 2026?

Based on GuruFocus' analysis, Select Water Solutions stock appears to be overvalued. The current stock price of $19.66 is trading 117% above its estimated GF Value™ of $9.06. GuruFocus considers Select Water Solutions to be Significantly Overvalued.

Key valuation signals for WTTR:

  • Scaled Net Operating Assets: 0.85
  • GF Value™: $9.06 vs. price of $19.66 (117% above fair value)
  • GF Score™: 66/100 with 11 warning signs

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


Select Water Solutions Business Description

Industry EnergyOil & Gas
Other Exchanges 18RA:Germany
Address 1820 North I-35, Gainesville, TX, USA, 76240
Select Water Solutions Inc provides sustainable water-management solutions to the energy industry in the United States. These solutions are supported by the company's critical water infrastructure assets, chemical manufacturing, and water treatment and recycling capabilities. The company's reportable segments are Water Services, Water Infrastructure, and Chemical Technologies. It generates maximum revenue from the Water Services segment, which comprises its short-cycle, field-based service offerings, including water transfer, water sourcing, fluids hauling, monitoring, containment, water-network automation, and the services associated with Peak Rentals. This segment earns revenue via market-based day rates, time-and-materials, or per-barrel delivered under MSAs and short-term work orders.
66GF 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.

$19.66
Price
$9.06
GF Value