Tesoro Minerals (TSXV:TES) Scaled Net Operating Assets: -2.60 (As of Jan. 2026)


TSXV:TES Tesoro Minerals Corp TSXV:TES
29 GF Score
Price C$0.12
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What is Tesoro Minerals Scaled Net Operating Assets?

Tesoro Minerals TSXV:TES 29 Scaled Net Operating Assets is -2.60 as of Jan. 2026. GuruFocus rates TSXV:TES with a GF Score™ of 29/100.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Tesoro Minerals's operating assets for the quarter that ended in Jan. 2026 was C$0.00 Mil. Tesoro Minerals's operating liabilities for the quarter that ended in Jan. 2026 was C$0.10 Mil. Tesoro Minerals's Total Assets for the quarter that ended in Oct. 2025 was C$0.04 Mil. Therefore, Tesoro Minerals's scaled net operating assets (SNOA) for the quarter that ended in Jan. 2026 was -2.60.

Tesoro Minerals Scaled Net Operating Assets Historical Data

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The historical data trend for Tesoro Minerals'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.

Tesoro Minerals Scaled Net Operating Assets Chart

Tesoro Minerals Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.04 0.03 -0.43 -0.36 -0.23

Tesoro Minerals Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26
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 -0.09 -0.13 -0.22 -0.90 -2.60

TSXV:TES vs NEM, AU: Scaled Net Operating Assets Comparison

For the Gold subindustry, Tesoro Minerals'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.

Tesoro Minerals Scaled Net Operating Assets vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Tesoro Minerals's Scaled Net Operating Assets distribution charts can be found below:

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


TSXV:TES
29GF Score
Tesoro Minerals Corp TSXV:TES
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Tesoro Minerals 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.

Tesoro Minerals's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Oct. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Oct. 2025 )
=(Operating Assets (A: Oct. 2025 )-Operating Liabilities (A: Oct. 2025 ))/Total Assets (A: Oct. 2024 )
=(0.007-0.07)/0.273
=-0.23

where

Operating Assets(A: Oct. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=0.035 - 0.028
=0.007

Operating Liabilities(A: Oct. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.07 - 0 - 0
=0.07

Tesoro Minerals's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jan. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jan. 2026 )
=(Operating Assets (Q: Jan. 2026 )-Operating Liabilities (Q: Jan. 2026 ))/Total Assets (Q: Oct. 2025 )
=(0.004-0.095)/0.035
=-2.60

where

Operating Assets(Q: Jan. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=0.022 - 0.018
=0.004

Operating Liabilities(Q: Jan. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.095 - 0 - 0
=0.095

* 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 -2.60 mean?
Tesoro Minerals (TSXV:TES) has a Scaled Net Operating Assets of -2.60 as of Jan. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Tesoro Minerals and its competitors.
Is Tesoro Minerals' Scaled Net Operating Assets too high?
Tesoro Minerals' current Scaled Net Operating Assets is -2.60. Overall, Tesoro Minerals has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Tesoro Minerals' Scaled Net Operating Assets compare to NEM and AU?
Tesoro Minerals' Scaled Net Operating Assets of -2.60 can be compared against companies in the Metals & Mining 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 a Metals & Mining company?
A good Scaled Net Operating Assets depends on the Metals & Mining 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 Tesoro Minerals and its competitors. Tesoro Minerals's current Scaled Net Operating Assets is -2.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tesoro Minerals stock overvalued right now?
Tesoro Minerals (TSXV:TES) has a current Scaled Net Operating Assets of -2.60. The current Scaled Net Operating Assets is -2.60. Tesoro Minerals' overall GF Score™ is 29/100. 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 Tesoro Minerals (TSXV:TES), the current Scaled Net Operating Assets is -2.60 as of Jan. 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.

Tesoro Minerals Business Description

Address 409 Granville Street, Suite 1005, Vancouver, BC, CAN, V6C 1T2
Tesoro Minerals Corp is a Canadian mineral exploration company. It is engaged in the acquisition, exploration, and evaluation of resource properties. Projects include Rumichaca and Cerro Macho Projects in south-central Peru.
29GF 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.

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