Attijariwafa Bank (CAS:ATW) Scaled Net Operating Assets: 0.11 (As of Mar. 2026)


CAS:ATW Attijariwafa Bank SA CAS:ATW
71 GF Score
Price MAD684.90
GF Value MAD641.21
Valuation Fairly Valued
! 2 Warning Signs
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What is Attijariwafa Bank Scaled Net Operating Assets?

Attijariwafa Bank CAS:ATW -0.01% 71 Scaled Net Operating Assets is 0.11 as of Mar. 2026. GuruFocus rates CAS:ATW with a GF Score™ of 71/100 and a GF Value™ of MAD641.21 (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.

Attijariwafa Bank's operating assets for the quarter that ended in Mar. 2026 was MAD765,942 Mil. Attijariwafa Bank's operating liabilities for the quarter that ended in Mar. 2026 was MAD678,626 Mil. Attijariwafa Bank's Total Assets for the quarter that ended in Dec. 2025 was MAD795,461 Mil. Therefore, Attijariwafa Bank's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.11.

CAS:ATW
71GF Score
Attijariwafa Bank SA CAS:ATW
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Attijariwafa Bank 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.

Attijariwafa Bank'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 )
=(760929.257-679115.853)/726492.948
=0.11

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=795461.302 - 34532.045
=760929.257

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=714970.932 - 35855.079 - 0
=679115.853

Attijariwafa Bank'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 )
=(765942.032-678626.344)/795461.302
=0.11

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=796494.569 - 30552.537
=765942.032

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=712752.433 - 34126.089 - 0
=678626.344

* 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 0.11 mean?
Attijariwafa Bank (CAS:ATW) has a Scaled Net Operating Assets of 0.11 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 Attijariwafa Bank and its competitors.
Is Attijariwafa Bank's Scaled Net Operating Assets too high?
Attijariwafa Bank's current Scaled Net Operating Assets is 0.11. Overall, Attijariwafa Bank has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Attijariwafa Bank's Scaled Net Operating Assets compare to JPM and BAC?
Attijariwafa Bank's Scaled Net Operating Assets of 0.11 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 Attijariwafa Bank and its competitors. Attijariwafa Bank's current Scaled Net Operating Assets is 0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Attijariwafa Bank stock overvalued right now?
Based on GuruFocus' analysis, Attijariwafa Bank (CAS:ATW) is currently considered Fairly Valued. The stock's GF Value™ is MAD641.21, compared to a current price of MAD684.90 — trading 6.8% above its estimated fair value. The current Scaled Net Operating Assets is 0.11. Attijariwafa Bank's overall GF Score™ is 71/100 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 Attijariwafa Bank (CAS:ATW), the current Scaled Net Operating Assets is 0.11 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 Attijariwafa Bank (CAS:ATW) Overvalued in 2026?

Based on GuruFocus' analysis, Attijariwafa Bank stock appears to be overvalued. The current stock price of MAD684.90 is trading 6.8% above its estimated GF Value™ of MAD641.21. GuruFocus considers Attijariwafa Bank to be Fairly Valued.

Key valuation signals for CAS:ATW:

  • Scaled Net Operating Assets: 0.11
  • GF Value™: MAD641.21 vs. price of MAD684.90 (6.8% above fair value)
  • GF Score™: 71/100 with 2 warning signs

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

Attijariwafa Bank Business Description

Address 2, Boulevard Moulay Youssef, PO Box No. 20000, Casablanca, MAR
Attijariwafa Bank SA is a Morrocan based financial and banking group. It is engaged in the provision of banking and insurance products and services. The company's banking activities include personal and professional banking, corporate banking, investment banking and international banking.
71GF Score

Get the complete analysis for CAS:ATW

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

MAD684.90
Price
MAD641.21
GF Value