Itau Unibanco Holding (BSP:ITUB4) Scaled Net Operating Assets: 0.14 (As of Mar. 2026)


BSP:ITUB4 Itau Unibanco Holding SA BSP:ITUB4
65 GF Score
Price R$42.41
GF Value R$28.77
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Itau Unibanco Holding Scaled Net Operating Assets?

Itau Unibanco Holding BSP:ITUB4 +0.40% 65 Scaled Net Operating Assets is 0.14 as of Mar. 2026. GuruFocus rates BSP:ITUB4 with a GF Score™ of 65/100 and a GF Value™ of R$28.77 (Significantly Overvalued). The stock has 9 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.

Itau Unibanco Holding's operating assets for the quarter that ended in Mar. 2026 was R$2,818,699 Mil. Itau Unibanco Holding's operating liabilities for the quarter that ended in Mar. 2026 was R$2,390,309 Mil. Itau Unibanco Holding's Total Assets for the quarter that ended in Dec. 2025 was R$3,066,169 Mil. Therefore, Itau Unibanco Holding's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.14.

BSP:ITUB4
65GF Score
Itau Unibanco Holding SA BSP:ITUB4
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Itau Unibanco Holding 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.

Itau Unibanco Holding'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 )
=(2795555-2287397)/2854475
=0.18

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3066169 - 270614
=2795555

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2851093 - 352477 - 211219
=2287397

Itau Unibanco Holding'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 )
=(2818699-2390309)/3066169
=0.14

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3171201 - 352502
=2818699

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2951184 - 336640 - 224235
=2390309

* 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 0.14 mean?
Itau Unibanco Holding (BSP:ITUB4) has a Scaled Net Operating Assets of 0.14 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 Itau Unibanco Holding and its competitors.
Is Itau Unibanco Holding's Scaled Net Operating Assets too high?
Itau Unibanco Holding's current Scaled Net Operating Assets is 0.14. Overall, Itau Unibanco Holding has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Itau Unibanco Holding's Scaled Net Operating Assets compare to competitors?
Itau Unibanco Holding's Scaled Net Operating Assets of 0.14 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 Itau Unibanco Holding and its competitors. Itau Unibanco Holding's current Scaled Net Operating Assets is 0.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Itau Unibanco Holding stock overvalued right now?
Based on GuruFocus' analysis, Itau Unibanco Holding (BSP:ITUB4) is currently considered Significantly Overvalued. The stock's GF Value™ is R$28.77, compared to a current price of R$42.41 — trading 47.4% above its estimated fair value. The current Scaled Net Operating Assets is 0.14. Itau Unibanco Holding's overall GF Score™ is 65/100 with 9 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 Itau Unibanco Holding (BSP:ITUB4), the current Scaled Net Operating Assets is 0.14 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 Itau Unibanco Holding (BSP:ITUB4) Overvalued in 2026?

Based on GuruFocus' analysis, Itau Unibanco Holding stock appears to be overvalued. The current stock price of R$42.41 is trading 47.4% above its estimated GF Value™ of R$28.77. GuruFocus considers Itau Unibanco Holding to be Significantly Overvalued.

Key valuation signals for BSP:ITUB4:

  • Scaled Net Operating Assets: 0.14
  • GF Value™: R$28.77 vs. price of R$42.41 (47.4% above fair value)
  • GF Score™: 65/100 with 9 warning signs

No single metric tells the full story. See the BSP:ITUB4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Itau Unibanco Holding Business Description

Address Praca Alfredo Egydio de Souza Aranha, 100, Torre Olavo Setubal, Parque Jabaquara, Sao Paulo, SP, BRA, 04344-902
Itaú Unibanco is the largest privately held bank in Brazil, the result of the 2008 merger between Banco Itaú and Unibanco. In addition to Brazil, the bank has significant operations in Chile, Colombia, Argentina, Uruguay, and Paraguay. Itaú's commercial and consumer loans account for 35% and 43% of the bank's total loans, respectively, while foreign loans account for 22% of its portfolio as of the end of 2025. The bank also operates the fifth-largest insurer in Brazil and is the second-largest asset manager in the country, giving it broad reach over the Brazilian financial system.
65GF Score

Get the complete analysis for BSP:ITUB4

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

R$42.41
Price
R$28.77
GF Value