Constellation Energy (XSWX:CEG) Scaled Net Operating Assets: 0.97 (As of Mar. 2026)


XSWX:CEG Constellation Energy Corp XSWX:CEG
78 GF Score
Price CHF190.56
GF Value CHF217.86
! 3 Warning Signs
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What is Constellation Energy Scaled Net Operating Assets?

Constellation Energy XSWX:CEG 78 Scaled Net Operating Assets is 0.97 as of Mar. 2026. GuruFocus rates XSWX:CEG with a GF Score™ of 78/100 and a GF Value™ of CHF217.86. 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.

Constellation Energy's operating assets for the quarter that ended in Mar. 2026 was CHF96,111 Mil. Constellation Energy's operating liabilities for the quarter that ended in Mar. 2026 was CHF40,625 Mil. Constellation Energy's Total Assets for the quarter that ended in Dec. 2025 was CHF57,249 Mil. Therefore, Constellation Energy's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.97.


Constellation Energy Scaled Net Operating Assets Historical Data

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The historical data trend for Constellation Energy'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.

Constellation Energy Scaled Net Operating Assets Chart

Constellation Energy Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.40 0.35 0.43 0.37 0.38

Constellation Energy 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 0.38 0.39 0.37 0.36 0.97

XSWX:CEG vs : Scaled Net Operating Assets Comparison

For the Utilities - Independent Power Producers subindustry, Constellation Energy'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.


Constellation Energy Scaled Net Operating Assets vs Utilities - Independent Power Producers Industry

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

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


XSWX:CEG
78GF Score
Constellation Energy Corp XSWX:CEG
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Constellation Energy 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.

Constellation Energy'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 )
=(53608-33404)/52926
=0.38

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=57249 - 3641
=53608

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=42396 - 7250 - 1742
=33404

Constellation Energy'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 )
=(96111-40625)/57249
=0.97

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=96911 - 800
=96111

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=63091 - 16994 - 5472
=40625

* 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 0.97 mean?
Constellation Energy (XSWX:CEG) has a Scaled Net Operating Assets of 0.97 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 Constellation Energy and its competitors.
Is Constellation Energy's Scaled Net Operating Assets too high?
Constellation Energy's current Scaled Net Operating Assets is 0.97. Overall, Constellation Energy has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Constellation Energy's Scaled Net Operating Assets compare to ?
Constellation Energy's Scaled Net Operating Assets of 0.97 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 Constellation Energy and its competitors. Constellation Energy's current Scaled Net Operating Assets is 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Constellation Energy stock overvalued right now?
Constellation Energy (XSWX:CEG) has a current Scaled Net Operating Assets of 0.97. The stock's GF Value™ is CHF217.86, compared to a current price of CHF190.56 — trading 12.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.97. Constellation Energy's overall GF Score™ is 78/100 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 Constellation Energy (XSWX:CEG), the current Scaled Net Operating Assets is 0.97 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 Constellation Energy (XSWX:CEG) Overvalued in 2026?

Based on GuruFocus' analysis, Constellation Energy stock appears to be undervalued. The current stock price of CHF190.56 is trading 12.5% below its estimated GF Value™ of CHF217.86.

Key valuation signals for XSWX:CEG:

  • Scaled Net Operating Assets: 0.97
  • GF Value™: CHF217.86 vs. price of CHF190.56 (12.5% below fair value)
  • GF Score™: 78/100 with 3 warning signs

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


Constellation Energy Business Description

Comparable Companies
Address 1310 Point Street, Baltimore, MD, USA, 21231-3380
Constellation Energy Corp producer of carbon-free energy and a supplier of energy products and services. The company offers generating capacity that includes nuclear, wind, solar, natural gas, and hydroelectric assets. It sells electricity, natural gas, and other energy-related products and sustainable solutions to various types of customers, including distribution utilities, municipalities, cooperatives, and commercial, industrial, public sector, and residential customers in markets across multiple geographic regions. Its operating segments and reporting units are Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions.
78GF 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.

CHF190.56
Price
CHF217.86
GF Value