Westpac Banking (ASX:WESSWG) Scaled Net Operating Assets: 0.22 (As of Mar. 2026)


What is Westpac Banking Scaled Net Operating Assets?

Westpac Banking ASX:WESSWG 63 Scaled Net Operating Assets is 0.22 as of Mar. 2026. GuruFocus rates ASX:WESSWG with a GF Score™ of 63/100. 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.

Westpac Banking's operating assets for the quarter that ended in Mar. 2026 was A$1,119,092.00 Mil. Westpac Banking's operating liabilities for the quarter that ended in Mar. 2026 was A$875,803.00 Mil. Westpac Banking's Total Assets for the quarter that ended in Sep. 2025 was A$1,125,356.00 Mil. Therefore, Westpac Banking's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.22.

Westpac Banking 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.

Westpac Banking'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 )
=(1074396-840889)/1077544
=0.22

where

Operating Assets(A: Sep. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1125356 - 50960
=1074396

Operating Liabilities(A: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1052263 - 181402 - 29972
=840889

Westpac Banking'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 )
=(1119092-875803)/1125356
=0.22

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1172583 - 53491
=1119092

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1101512 - 225709 - 0
=875803

* 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 0.22 mean?
Westpac Banking (ASX:WESSWG) has a Scaled Net Operating Assets of 0.22 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 Westpac Banking and its competitors.
Is Westpac Banking's Scaled Net Operating Assets too high?
Westpac Banking's current Scaled Net Operating Assets is 0.22. Overall, Westpac Banking has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does Westpac Banking's Scaled Net Operating Assets compare to JPM and BAC?
Westpac Banking's Scaled Net Operating Assets of 0.22 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 Westpac Banking and its competitors. Westpac Banking's current Scaled Net Operating Assets is 0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Westpac Banking stock overvalued right now?
Westpac Banking (ASX:WESSWG) has a current Scaled Net Operating Assets of 0.22. The current Scaled Net Operating Assets is 0.22. Westpac Banking's overall GF Score™ is 63/100 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 Westpac Banking (ASX:WESSWG), the current Scaled Net Operating Assets is 0.22 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.

Westpac Banking Business Description

Address 275 Kent Street, Level 18, Sydney, NSW, AUS, 2000
Westpac is Australia's oldest bank and financial services group, with a significant franchise in Australia and New Zealand in the consumer, small business, corporate, and institutional sectors, in addition to its major presence in wealth management. Westpac is among a handful of banks around the globe currently retaining very high credit ratings. The bank benefits from a large national branch network and significant market share, particularly in home loans and retail deposits.