Baker Hughes Co (XSWX:BKR) Scaled Net Operating Assets: 0.50 (As of Mar. 2026)


XSWX:BKR Baker Hughes Co XSWX:BKR
49 GF Score
Price CHF45.48
GF Value CHF34.56
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Baker Hughes Co Scaled Net Operating Assets?

Baker Hughes Co XSWX:BKR -0.72% 49 Scaled Net Operating Assets is 0.50 as of Mar. 2026. GuruFocus rates XSWX:BKR with a GF Score™ of 49/100 and a GF Value™ of CHF34.56 (Significantly Overvalued). The stock has 3 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.

Baker Hughes Co's operating assets for the quarter that ended in Mar. 2026 was CHF28,447 Mil. Baker Hughes Co's operating liabilities for the quarter that ended in Mar. 2026 was CHF12,000 Mil. Baker Hughes Co's Total Assets for the quarter that ended in Dec. 2025 was CHF32,578 Mil. Therefore, Baker Hughes Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.50.

Baker Hughes Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Baker Hughes Co'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.

Baker Hughes Co Scaled Net Operating Assets Chart

Baker Hughes Co 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 0.54 0.54 0.51 0.55 0.50

Baker Hughes Co 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 0.52 0.50 0.55 0.55 0.51

XSWX:BKR vs SLB, HAL, FTI: Scaled Net Operating Assets Comparison

For the Oil & Gas Equipment & Services subindustry, Baker Hughes Co'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.

Baker Hughes Co Scaled Net Operating Assets vs Oil & Gas Industry

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

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


XSWX:BKR
49GF Score
Baker Hughes Co XSWX:BKR
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Baker Hughes Co 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.

Baker Hughes Co'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 )
=(29617.585-12578.27)/34204.451
=0.50

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=32578.069 - 2960.484
=29617.585

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=17429 - 4301.666 - 549.064
=12578.27

Baker Hughes Co'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 )
=(28446.724-12000.027)/32578.069
=0.50

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=40070.421 - 11623.697
=28446.724

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=24725.944 - 12133.08 - 592.837
=12000.027

* 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 0.50 mean?
Baker Hughes Co (XSWX:BKR) has a Scaled Net Operating Assets of 0.50 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 Baker Hughes Co and its competitors.
Is Baker Hughes Co's Scaled Net Operating Assets too high?
Baker Hughes Co's current Scaled Net Operating Assets is 0.50. Overall, Baker Hughes Co has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Baker Hughes Co's Scaled Net Operating Assets compare to SLB and HAL?
Baker Hughes Co's Scaled Net Operating Assets of 0.50 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 Baker Hughes Co and its competitors. Baker Hughes Co's current Scaled Net Operating Assets is 0.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Baker Hughes Co stock overvalued right now?
Based on GuruFocus' analysis, Baker Hughes Co (XSWX:BKR) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF34.56, compared to a current price of CHF45.48 — trading 31.6% above its estimated fair value. The current Scaled Net Operating Assets is 0.50. Baker Hughes Co's overall GF Score™ is 49/100 with 3 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 Baker Hughes Co (XSWX:BKR), the current Scaled Net Operating Assets is 0.50 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 Baker Hughes Co (XSWX:BKR) Overvalued in 2026?

Based on GuruFocus' analysis, Baker Hughes Co stock appears to be overvalued. The current stock price of CHF45.48 is trading 31.6% above its estimated GF Value™ of CHF34.56. GuruFocus considers Baker Hughes Co to be Significantly Overvalued.

Key valuation signals for XSWX:BKR:

  • Scaled Net Operating Assets: 0.50
  • GF Value™: CHF34.56 vs. price of CHF45.48 (31.6% above fair value)
  • GF Score™: 49/100 with 3 warning signs

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

Baker Hughes Co Business Description

Industry EnergyOil & Gas
Address 575 North Dairy Ashford Road, Suite 100, Houston, TX, USA, 77079-1121
Following a 2022 reorganization, Baker Hughes operates in two segments: oilfield services and equipment, and industrial and energy technology. The firm's oilfield services and equipment segment is one of the Big Three oilfield-services players, along with SLB and Halliburton, and mostly supplies to hydrocarbon developers and producers, including national oil companies, major integrated firms, and independents. Markets outside of North America buy roughly three-fourths of the segment's offerings. Baker Hughes' industrial and energy technology segment manufactures and sells turbines, compressors, pumps, valves, and related testing and monitoring services for various energy and industrial applications.
49GF Score

Get the complete analysis for XSWX:BKR

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

CHF45.48
Price
CHF34.56
GF Value