CIHKY (China Merchants Bank Co) Scaled Net Operating Assets: 0.03 (As of Mar. 2026)


CIHKY China Merchants Bank Co Ltd CIHKY
69 GF Score
Price $28.69
GF Value $30.90
Valuation Fairly Valued
! 2 Warning Signs
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What is China Merchants Bank Co Scaled Net Operating Assets?

China Merchants Bank Co CIHKY +0.67% 69 Scaled Net Operating Assets is 0.03 as of Mar. 2026. GuruFocus rates CIHKY with a GF Score™ of 69/100 and a GF Value™ of $30.90 (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.

China Merchants Bank Co's operating assets for the quarter that ended in Mar. 2026 was $1,759,304 Mil. China Merchants Bank Co's operating liabilities for the quarter that ended in Mar. 2026 was $1,706,131 Mil. China Merchants Bank Co's Total Assets for the quarter that ended in Dec. 2025 was $1,855,765 Mil. Therefore, China Merchants Bank Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.03.

CIHKY
69GF Score
China Merchants Bank Co Ltd CIHKY
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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China Merchants Bank Co 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.

China Merchants Bank Co'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 )
=(1668133.945-1616336.751)/1669075.226
=0.03

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1855764.851 - 187630.906
=1668133.945

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1673901.636 - 57564.885 - 0
=1616336.751

China Merchants Bank Co'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 )
=(1759303.84-1706131.078)/1855764.851
=0.03

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1956570.856 - 197267.016
=1759303.84

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1769315.158 - 63184.08 - 0
=1706131.078

* 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 0.03 mean?
China Merchants Bank Co (CIHKY) has a Scaled Net Operating Assets of 0.03 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 China Merchants Bank Co and its competitors.
Is China Merchants Bank Co's Scaled Net Operating Assets too high?
China Merchants Bank Co's current Scaled Net Operating Assets is 0.03. Overall, China Merchants Bank Co has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does China Merchants Bank Co's Scaled Net Operating Assets compare to competitors?
China Merchants Bank Co's Scaled Net Operating Assets of 0.03 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 China Merchants Bank Co and its competitors. China Merchants Bank Co's current Scaled Net Operating Assets is 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Merchants Bank Co stock overvalued right now?
Based on GuruFocus' analysis, China Merchants Bank Co (CIHKY) is currently considered Fairly Valued. The stock's GF Value™ is $30.90, compared to a current price of $28.69 — trading 7.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.03. China Merchants Bank Co's overall GF Score™ is 69/100 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 China Merchants Bank Co (CIHKY), the current Scaled Net Operating Assets is 0.03 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 China Merchants Bank Co (CIHKY) Overvalued in 2026?

Based on GuruFocus' analysis, China Merchants Bank Co stock appears to be undervalued. The current stock price of $28.69 is trading 7.2% below its estimated GF Value™ of $30.90. GuruFocus considers China Merchants Bank Co to be Fairly Valued.

Key valuation signals for CIHKY:

  • Scaled Net Operating Assets: 0.03
  • GF Value™: $30.90 vs. price of $28.69 (7.2% below fair value)
  • GF Score™: 69/100 with 2 warning signs

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

China Merchants Bank Co Business Description

Address No. 7088, Shennan Boulevard, 26th Floor, China Merchants Bank Building, Futian District, Guangdong Province, Shenzhen, CHN, 518040
China Merchants Bank was founded in 1987 and is headquartered in Shenzhen. The bank is China's seventh-largest listed bank by assets, with the largest distribution network among China's joint-stock banks. CMB's network has been expanding rapidly. Its outlets are located mainly in China's more developed areas, including the Pearl River and Yangtze River deltas. The firm has 18% and 82% of its shares listed on the Hong Kong and Shanghai exchanges, respectively. It has no foreign strategic investors. China Merchants Group is its largest shareholder, with a 30% stake. Retail banking, corporate banking, and wholesale banking accounted for 49%, 51%, and 0% of total profit before tax, respectively, and 40%, 58%, and 2% of total revenue in 2024.
69GF 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.

$28.69
Price
$30.90
GF Value