ANZ Group Holdings (ASX:ANZ) Scaled Net Operating Assets: 0.08 (As of Mar. 2026)


ASX:ANZ ANZ Group Holdings Ltd ASX:ANZ
65 GF Score
Price A$34.79
GF Value A$32.98
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is ANZ Group Holdings Scaled Net Operating Assets?

ANZ Group Holdings ASX:ANZ +0.93% 65 Scaled Net Operating Assets is 0.08 as of Mar. 2026. GuruFocus rates ASX:ANZ with a GF Score™ of 65/100 and a GF Value™ of A$32.98 (Fairly Valued). The stock has 4 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.

ANZ Group Holdings's operating assets for the quarter that ended in Mar. 2026 was A$1,131,303 Mil. ANZ Group Holdings's operating liabilities for the quarter that ended in Mar. 2026 was A$1,029,431 Mil. ANZ Group Holdings's Total Assets for the quarter that ended in Sep. 2025 was A$1,297,108 Mil. Therefore, ANZ Group Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.08.

ASX:ANZ
65GF Score
ANZ Group Holdings Ltd ASX:ANZ
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ANZ Group Holdings 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.

ANZ Group Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Sep. 2025 )
=(Operating Assets (A: Sep. 2025 )-Operating Liabilities (A: Sep. 2025 ))/Total Assets (A: Sep. 2024 )
=(1174390-1005417)/1229115
=0.14

where

Operating Assets(A: Sep. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1297108 - 122718
=1174390

Operating Liabilities(A: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1225241 - 219824 - 0
=1005417

ANZ Group Holdings'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: Sep. 2025 )
=(1131303-1029431)/1297108
=0.08

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1313805 - 182502
=1131303

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1242049 - 212618 - 0
=1029431

* 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 0.08 mean?
ANZ Group Holdings (ASX:ANZ) has a Scaled Net Operating Assets of 0.08 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 ANZ Group Holdings and its competitors.
Is ANZ Group Holdings' Scaled Net Operating Assets too high?
ANZ Group Holdings' current Scaled Net Operating Assets is 0.08. Overall, ANZ Group Holdings has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ANZ Group Holdings' Scaled Net Operating Assets compare to JPM and BAC?
ANZ Group Holdings' Scaled Net Operating Assets of 0.08 can be compared against companies in the Banks 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 Banks company?
A good Scaled Net Operating Assets depends on the Banks 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 ANZ Group Holdings and its competitors. ANZ Group Holdings's current Scaled Net Operating Assets is 0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ANZ Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, ANZ Group Holdings (ASX:ANZ) is currently considered Fairly Valued. The stock's GF Value™ is A$32.98, compared to a current price of A$34.79 — trading 5.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.08. ANZ Group Holdings' overall GF Score™ is 65/100 with 4 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 ANZ Group Holdings (ASX:ANZ), the current Scaled Net Operating Assets is 0.08 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 ANZ Group Holdings (ASX:ANZ) Overvalued in 2026?

Based on GuruFocus' analysis, ANZ Group Holdings stock appears to be overvalued. The current stock price of A$34.79 is trading 5.5% above its estimated GF Value™ of A$32.98. GuruFocus considers ANZ Group Holdings to be Fairly Valued.

Key valuation signals for ASX:ANZ:

  • Scaled Net Operating Assets: 0.08
  • GF Value™: A$32.98 vs. price of A$34.79 (5.5% above fair value)
  • GF Score™: 65/100 with 4 warning signs

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

ANZ Group Holdings Business Description

Address 833 Collins Street, Level 9, ANZ Centre, Docklands, Melbourne, VIC, AUS, 3008
ANZ Group is the owner of one of Australia's four major banks and provides retail, business, and institutional banking services to customers in Australia, New Zealand, and Asia-Pacific. The super-regional Asian strategy was de-emphasized, with management focusing on the higher-returning businesses in Australia and New Zealand. ANZ Bank still retains a tilt to its Asia-centric strategy, but is now more balanced, better capitalized and a simpler bank.
65GF Score

Get the complete analysis for ASX:ANZ

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

A$34.79
Price
A$32.98
GF Value