Itausa Investimentos ITAU (BSP:ITSA3) Scaled Net Operating Assets: 0.90 (As of Mar. 2026)


BSP:ITSA3 Itausa Investimentos ITAU SA BSP:ITSA3
75 GF Score
Price R$13.50
GF Value R$10.23
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Itausa Investimentos ITAU Scaled Net Operating Assets?

Itausa Investimentos ITAU BSP:ITSA3 -0.74% 75 Scaled Net Operating Assets is 0.90 as of Mar. 2026. GuruFocus rates BSP:ITSA3 with a GF Score™ of 75/100 and a GF Value™ of R$10.23 (Significantly Overvalued). The stock has 7 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.

Itausa Investimentos ITAU's operating assets for the quarter that ended in Mar. 2026 was R$107,532 Mil. Itausa Investimentos ITAU's operating liabilities for the quarter that ended in Mar. 2026 was R$7,384 Mil. Itausa Investimentos ITAU's Total Assets for the quarter that ended in Dec. 2025 was R$111,187 Mil. Therefore, Itausa Investimentos ITAU's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.90.


Itausa Investimentos ITAU Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Itausa Investimentos ITAU'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.

Itausa Investimentos ITAU Scaled Net Operating Assets Chart

Itausa Investimentos ITAU Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.01 0.96 0.94 0.95 0.87

Itausa Investimentos ITAU Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.83 0.89 0.89 0.87 0.90

BSP:ITSA3 vs HON, MMM: Scaled Net Operating Assets Comparison

For the Conglomerates subindustry, Itausa Investimentos ITAU'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.


Itausa Investimentos ITAU Scaled Net Operating Assets vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Itausa Investimentos ITAU's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Itausa Investimentos ITAU's Scaled Net Operating Assets falls into.


BSP:ITSA3
75GF Score
Itausa Investimentos ITAU SA BSP:ITSA3
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Itausa Investimentos ITAU 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.

Itausa Investimentos ITAU'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 )
=(105268-6122)/114625
=0.86

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=111187 - 5919
=105268

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=17808 - 10934 - 752
=6122

Itausa Investimentos ITAU'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 )
=(107532-7384)/111187
=0.90

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=114503 - 6971
=107532

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=19545 - 10898 - 1263
=7384

* 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 0.90 mean?
Itausa Investimentos ITAU (BSP:ITSA3) has a Scaled Net Operating Assets of 0.90 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 Itausa Investimentos ITAU and its competitors.
Is Itausa Investimentos ITAU's Scaled Net Operating Assets too high?
Itausa Investimentos ITAU's current Scaled Net Operating Assets is 0.90. Overall, Itausa Investimentos ITAU has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Itausa Investimentos ITAU's Scaled Net Operating Assets compare to HON and MMM?
Itausa Investimentos ITAU's Scaled Net Operating Assets of 0.90 can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Scaled Net Operating Assets depends on the Conglomerates 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 Itausa Investimentos ITAU and its competitors. Itausa Investimentos ITAU's current Scaled Net Operating Assets is 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Itausa Investimentos ITAU stock overvalued right now?
Based on GuruFocus' analysis, Itausa Investimentos ITAU (BSP:ITSA3) is currently considered Significantly Overvalued. The stock's GF Value™ is R$10.23, compared to a current price of R$13.50 — trading 32% above its estimated fair value. The current Scaled Net Operating Assets is 0.90. Itausa Investimentos ITAU's overall GF Score™ is 75/100 with 7 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 Itausa Investimentos ITAU (BSP:ITSA3), the current Scaled Net Operating Assets is 0.90 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 Itausa Investimentos ITAU (BSP:ITSA3) Overvalued in 2026?

Based on GuruFocus' analysis, Itausa Investimentos ITAU stock appears to be overvalued. The current stock price of R$13.50 is trading 32% above its estimated GF Value™ of R$10.23. GuruFocus considers Itausa Investimentos ITAU to be Significantly Overvalued.

Key valuation signals for BSP:ITSA3:

  • Scaled Net Operating Assets: 0.90
  • GF Value™: R$10.23 vs. price of R$13.50 (32% above fair value)
  • GF Score™: 75/100 with 7 warning signs

No single metric tells the full story. See the BSP:ITSA3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Itausa Investimentos ITAU Business Description

Other Exchanges ITSA4:Brazil
Address Avenue Paulista, 1938, 5th Floor, Bela Vista, Sao Paulo, SP, BRA, 01310-200
Itausa Investimentos ITAU SA is a Brazilian investment holding company. The purpose of the company is to hold equity interests in other companies, in Brazil or abroad, for investment in any sectors of the economy, including through investment funds, disseminating among its investees its principles of appreciation of human capital, governance, and ethics in business. Its portfolio consists of brands such as Itau Unibanco, Motiva, Alpargatas, Aegea, Copa Energia, and Nova Transportadora do Sudeste (NTS). The majority of the revenue for the company is generated from Itau Unibanco, which is a banking institution that offers, directly or using its subsidiaries, a broad range of credit products and other financial services to a diversified individual & corporate client base in Brazil and abroad.
75GF 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.

R$13.50
Price
R$10.23
GF Value