BFST (Business First Bancshares) Scaled Net Operating Assets: 0.02 (As of Mar. 2026)


BFST Business First Bancshares Inc BFST
64 GF Score
Price $30.15
GF Value $25.70
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Business First Bancshares Scaled Net Operating Assets?

Business First Bancshares BFST +2.00% 64 Scaled Net Operating Assets is 0.02 as of Mar. 2026. GuruFocus rates BFST with a GF Score™ of 64/100 and a GF Value™ of $25.70 (Modestly Overvalued). The stock has 5 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.

Business First Bancshares's operating assets for the quarter that ended in Mar. 2026 was $7,695.3 Mil. Business First Bancshares's operating liabilities for the quarter that ended in Mar. 2026 was $7,552.7 Mil. Business First Bancshares's Total Assets for the quarter that ended in Dec. 2025 was $8,214.7 Mil. Therefore, Business First Bancshares's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.02.

BFST
64GF Score
Business First Bancshares Inc BFST
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Business First Bancshares 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.

Business First Bancshares'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 )
=(7803.565-6789.127)/7857.09
=0.13

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=8214.74 - 411.175
=7803.565

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7317.857 - 272.53 - 256.2
=6789.127

Business First Bancshares'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 )
=(7695.287-7552.702)/8214.74
=0.02

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=8906.808 - 1211.521
=7695.287

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7915.632 - 329.775 - 33.155
=7552.702

* 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 0.02 mean?
Business First Bancshares (BFST) has a Scaled Net Operating Assets of 0.02 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 Business First Bancshares and its competitors.
Is Business First Bancshares' Scaled Net Operating Assets too high?
Business First Bancshares' current Scaled Net Operating Assets is 0.02. Overall, Business First Bancshares has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Business First Bancshares' Scaled Net Operating Assets compare to MCBS and FMCB?
Business First Bancshares' Scaled Net Operating Assets of 0.02 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 Business First Bancshares and its competitors. Business First Bancshares's current Scaled Net Operating Assets is 0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Business First Bancshares stock overvalued right now?
Based on GuruFocus' analysis, Business First Bancshares (BFST) is currently considered Modestly Overvalued. The stock's GF Value™ is $25.70, compared to a current price of $30.15 — trading 17.3% above its estimated fair value. The current Scaled Net Operating Assets is 0.02. Business First Bancshares' overall GF Score™ is 64/100 with 5 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 Business First Bancshares (BFST), the current Scaled Net Operating Assets is 0.02 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 Business First Bancshares (BFST) Overvalued in 2026?

Based on GuruFocus' analysis, Business First Bancshares stock appears to be overvalued. The current stock price of $30.15 is trading 17.3% above its estimated GF Value™ of $25.70. GuruFocus considers Business First Bancshares to be Modestly Overvalued.

Key valuation signals for BFST:

  • Scaled Net Operating Assets: 0.02
  • GF Value™: $25.70 vs. price of $30.15 (17.3% above fair value)
  • GF Score™: 64/100 with 5 warning signs

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

Business First Bancshares Business Description

Address 500 Laurel Street, Suite 101, Baton Rouge, LA, USA, 70801
Business First Bancshares Inc is a bank holding company. The company's services include personal and commercial banking, treasury management, and wealth solutions. It provides a range of financial services to small-to-midsized businesses and professionals. The company generates the majority of its revenues from interest income on loans, customer service and loan fees, and interest income from securities.
64GF Score

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$30.15
Price
$25.70
GF Value