S-Oil (XKRX:010955) Scaled Net Operating Assets: 0.62 (As of Jun. 2026)

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XKRX:010955 S-Oil Corp XKRX:010955
59 GF Score
Price ₩76,400.00
GF Value ₩38,933.78
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is S-Oil Scaled Net Operating Assets?

S-Oil XKRX:010955 +0.39% 59 Scaled Net Operating Assets is 0.62 as of Jun. 2026. GuruFocus rates XKRX:010955 with a GF Score™ of 59/100 and a GF Value™ of ₩38,933.78 (Significantly Overvalued). The stock has 7 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.

S-Oil's operating assets for the quarter that ended in Jun. 2026 was ₩28,685,902 Mil. S-Oil's operating liabilities for the quarter that ended in Jun. 2026 was ₩10,720,271 Mil. S-Oil's Total Assets for the quarter that ended in Mar. 2026 was ₩28,862,781 Mil. Therefore, S-Oil's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2026 was 0.62.


S-Oil Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for S-Oil'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.

S-Oil Scaled Net Operating Assets Chart

S-Oil 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 0.69 0.65 0.66 0.68 0.61

S-Oil Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.63 0.63 0.60 0.63 0.62

XKRX:010955 vs MPC, VLO, PSX: Scaled Net Operating Assets Comparison

For the Oil & Gas Refining & Marketing subindustry, S-Oil'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.


S-Oil Scaled Net Operating Assets vs Oil & Gas Industry

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

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


XKRX:010955
59GF Score
S-Oil Corp XKRX:010955
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

S-Oil 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.

S-Oil'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 )
=(24950114-9996733)/24638369
=0.61

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=26792773 - 1842659
=24950114

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=17905372 - 5302586 - 2606053
=9996733

S-Oil's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2026 )
=(Operating Assets (Q: Jun. 2026 )-Operating Liabilities (Q: Jun. 2026 ))/Total Assets (Q: Mar. 2026 )
=(28685902-10720271)/28862781
=0.62

where

Operating Assets(Q: Jun. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=30242119 - 1556217
=28685902

Operating Liabilities(Q: Jun. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=20156522 - 5766994 - 3669257
=10720271

* 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 0.62 mean?
S-Oil (XKRX:010955) has a Scaled Net Operating Assets of 0.62 as of Jun. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on S-Oil and its competitors.
Is S-Oil's Scaled Net Operating Assets too high?
S-Oil's current Scaled Net Operating Assets is 0.62. Overall, S-Oil has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does S-Oil's Scaled Net Operating Assets compare to MPC and VLO?
S-Oil's Scaled Net Operating Assets of 0.62 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 S-Oil and its competitors. S-Oil's current Scaled Net Operating Assets is 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is S-Oil stock overvalued right now?
Based on GuruFocus' analysis, S-Oil (XKRX:010955) is currently considered Significantly Overvalued. The stock's GF Value™ is ₩38,933.78, compared to a current price of ₩76,400.00 — trading 96.2% above its estimated fair value. The current Scaled Net Operating Assets is 0.62. S-Oil's overall GF Score™ is 59/100 with 7 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 S-Oil (XKRX:010955), the current Scaled Net Operating Assets is 0.62 as of Jun. 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 S-Oil (XKRX:010955) Overvalued in 2026?

Based on GuruFocus' analysis, S-Oil stock appears to be overvalued. The current stock price of ₩76,400.00 is trading 96.2% above its estimated GF Value™ of ₩38,933.78. GuruFocus considers S-Oil to be Significantly Overvalued.

Key valuation signals for XKRX:010955:

  • Scaled Net Operating Assets: 0.62
  • GF Value™: ₩38,933.78 vs. price of ₩76,400.00 (96.2% above fair value)
  • GF Score™: 59/100 with 7 warning signs

No single metric tells the full story. See the XKRX:010955 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


S-Oil Business Description

Industry EnergyOil & Gas
Other Exchanges 010950:Korea
Address 192, Baekbeom-ro, Mapo-gu, Seoul, KOR, 04196
S-Oil is an integrated energy company that operates a refinery, petrochemical, and lube oil business. Revenue is primarily derived from refining operations, with the majority of sales from Asian countries. Refining operations include a cracking center, which is used for replacement and low sulfurization of all products that actively respond to changes in market conditions. The company exports ultra-low-sulfur diesel fuel, processed to meet environmental regulations around the world. Other products from S-Oil facilities include LPG, naphtha, kerosene/diesel, B-C oil, and other crude oil byproducts.
59GF Score

Get the complete analysis for XKRX:010955

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

₩76,400.00
Price
₩38,933.78
GF Value