Bank of Queensland (ASX:BOQ) Scaled Net Operating Assets: 0.18 (As of Feb. 2026)


ASX:BOQ Bank of Queensland Ltd ASX:BOQ
59 GF Score
Price A$6.26
GF Value A$6.46
Valuation Fairly Valued
! 2 Warning Signs
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What is Bank of Queensland Scaled Net Operating Assets?

Bank of Queensland ASX:BOQ +0.32% 59 Scaled Net Operating Assets is 0.18 as of Feb. 2026. GuruFocus rates ASX:BOQ with a GF Score™ of 59/100 and a GF Value™ of A$6.46 (Fairly Valued). The stock has 2 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.

Bank of Queensland's operating assets for the quarter that ended in Feb. 2026 was A$94,842 Mil. Bank of Queensland's operating liabilities for the quarter that ended in Feb. 2026 was A$77,171 Mil. Bank of Queensland's Total Assets for the quarter that ended in Aug. 2025 was A$100,526 Mil. Therefore, Bank of Queensland's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.18.

ASX:BOQ
59GF Score
Bank of Queensland Ltd ASX:BOQ
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Bank of Queensland 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.

Bank of Queensland's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Aug. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Aug. 2025 )
=(Operating Assets (A: Aug. 2025 )-Operating Liabilities (A: Aug. 2025 ))/Total Assets (A: Aug. 2024 )
=(97266-77816)/103040
=0.19

where

Operating Assets(A: Aug. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=100526 - 3260
=97266

Operating Liabilities(A: Aug. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=94619 - 16803 - 0
=77816

Bank of Queensland's Scaled Net Operating Assets (SNOA) for the quarter that ended in Feb. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Feb. 2026 )
=(Operating Assets (Q: Feb. 2026 )-Operating Liabilities (Q: Feb. 2026 ))/Total Assets (Q: Aug. 2025 )
=(94842-77171)/100526
=0.18

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=98303 - 3461
=94842

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=92407 - 15236 - 0
=77171

* 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 0.18 mean?
Bank of Queensland (ASX:BOQ) has a Scaled Net Operating Assets of 0.18 as of Feb. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Bank of Queensland and its competitors.
Is Bank of Queensland's Scaled Net Operating Assets too high?
Bank of Queensland's current Scaled Net Operating Assets is 0.18. Overall, Bank of Queensland has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bank of Queensland's Scaled Net Operating Assets compare to PNC and USB?
Bank of Queensland's Scaled Net Operating Assets of 0.18 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 Bank of Queensland and its competitors. Bank of Queensland's current Scaled Net Operating Assets is 0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank of Queensland stock overvalued right now?
Based on GuruFocus' analysis, Bank of Queensland (ASX:BOQ) is currently considered Fairly Valued. The stock's GF Value™ is A$6.46, compared to a current price of A$6.26 — trading 3.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.18. Bank of Queensland's overall GF Score™ is 59/100 with 2 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 Bank of Queensland (ASX:BOQ), the current Scaled Net Operating Assets is 0.18 as of Feb. 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 Bank of Queensland (ASX:BOQ) Overvalued in 2026?

Based on GuruFocus' analysis, Bank of Queensland stock appears to be undervalued. The current stock price of A$6.26 is trading 3.1% below its estimated GF Value™ of A$6.46. GuruFocus considers Bank of Queensland to be Fairly Valued.

Key valuation signals for ASX:BOQ:

  • Scaled Net Operating Assets: 0.18
  • GF Value™: A$6.46 vs. price of A$6.26 (3.1% below fair value)
  • GF Score™: 59/100 with 2 warning signs

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

Bank of Queensland Business Description

Address 100 Skyring Terrace, Level 3, Newstead, QLD, AUS, 4006
Bank of Queensland is an Australia-based bank offering home loans, personal finance, and commercial loans. In addition to BOQ branded services, the bank is the owner of Virgin Money Australia and Me Bank. Its BOQ business includes the BOQ branded commercial lending activity, BOQ Finance and BOQ Specialist businesses. The division provides tailored business banking solutions including commercial lending, equipment finance and leasing, cash flow finance, foreign exchange, interest rate hedging, transaction banking, and deposit solutions for commercial customers.
59GF 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.

A$6.26
Price
A$6.46
GF Value