Emirates NBD PJSC (DFM:EMIRATESNBD) Scaled Net Operating Assets: -0.03 (As of Mar. 2026)


DFM:EMIRATESNBD Emirates NBD PJSC DFM:EMIRATESNBD
69 GF Score
Price د.إ29.56
GF Value د.إ24.31
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Emirates NBD PJSC Scaled Net Operating Assets?

Emirates NBD PJSC DFM:EMIRATESNBD -1.79% 69 Scaled Net Operating Assets is -0.03 as of Mar. 2026. GuruFocus rates DFM:EMIRATESNBD with a GF Score™ of 69/100 and a GF Value™ of د.إ24.31 (Modestly Overvalued). The stock has 3 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.

Emirates NBD PJSC's operating assets for the quarter that ended in Mar. 2026 was د.إ941,611 Mil. Emirates NBD PJSC's operating liabilities for the quarter that ended in Mar. 2026 was د.إ978,076 Mil. Emirates NBD PJSC's Total Assets for the quarter that ended in Dec. 2025 was د.إ1,164,442 Mil. Therefore, Emirates NBD PJSC's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was -0.03.

DFM:EMIRATESNBD
69GF Score
Emirates NBD PJSC DFM:EMIRATESNBD
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Emirates NBD PJSC 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.

Emirates NBD PJSC'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 )
=(902392-929336)/996582
=-0.03

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1164442 - 262050
=902392

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1019623 - 90287 - 0
=929336

Emirates NBD PJSC'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 )
=(941611-978076)/1164442
=-0.03

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1216751 - 275140
=941611

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1072304 - 94228 - 0
=978076

* 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?
Emirates NBD PJSC (DFM:EMIRATESNBD) 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 Emirates NBD PJSC and its competitors.
Is Emirates NBD PJSC's Scaled Net Operating Assets too high?
Emirates NBD PJSC's current Scaled Net Operating Assets is -0.03. Overall, Emirates NBD PJSC has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Emirates NBD PJSC's Scaled Net Operating Assets compare to competitors?
Emirates NBD PJSC'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 Emirates NBD PJSC and its competitors. Emirates NBD PJSC'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 Emirates NBD PJSC stock overvalued right now?
Based on GuruFocus' analysis, Emirates NBD PJSC (DFM:EMIRATESNBD) is currently considered Modestly Overvalued. The stock's GF Value™ is د.إ24.31, compared to a current price of د.إ29.56 — trading 21.6% above its estimated fair value. The current Scaled Net Operating Assets is -0.03. Emirates NBD PJSC's overall GF Score™ is 69/100 with 3 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 Emirates NBD PJSC (DFM:EMIRATESNBD), 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 Emirates NBD PJSC (DFM:EMIRATESNBD) Overvalued in 2026?

Based on GuruFocus' analysis, Emirates NBD PJSC stock appears to be overvalued. The current stock price of د.إ29.56 is trading 21.6% above its estimated GF Value™ of د.إ24.31. GuruFocus considers Emirates NBD PJSC to be Modestly Overvalued.

Key valuation signals for DFM:EMIRATESNBD:

  • Scaled Net Operating Assets: -0.03
  • GF Value™: د.إ24.31 vs. price of د.إ29.56 (21.6% above fair value)
  • GF Score™: 69/100 with 3 warning signs

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

Emirates NBD PJSC Business Description

Address Baniyas Road, P.O. Box 777, Deira, Dubai, ARE
Emirates NBD PJSC provides banking services. The company's operating segment includes Corporate and Institutional Banking; Retail Banking and Wealth Management; Global Markets and Treasury activities; DenizBank and others. It generates maximum revenue from the Retail Banking and Wealth Management segment. The Retail Banking and Wealth Management segment represents retail loans and deposits, private banking and wealth management, equity broking services, asset management, and consumer financing in the UAE and Egypt.
69GF Score

Get the complete analysis for DFM:EMIRATESNBD

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

د.إ29.56
Price
د.إ24.31
GF Value