Bank Millennium (FRA:1HN) Scaled Net Operating Assets: 0.10 (As of Mar. 2026)

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FRA:1HN Bank Millennium SA FRA:1HN
56 GF Score
Price €4.57
GF Value €2.27
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Bank Millennium Scaled Net Operating Assets?

Bank Millennium FRA:1HN +3.14% 56 Scaled Net Operating Assets is 0.10 as of Mar. 2026. GuruFocus rates FRA:1HN with a GF Score™ of 56/100 and a GF Value™ of €2.27 (Significantly Overvalued). The stock has 6 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.

Bank Millennium's operating assets for the quarter that ended in Mar. 2026 was €35,781 Mil. Bank Millennium's operating liabilities for the quarter that ended in Mar. 2026 was €32,400 Mil. Bank Millennium's Total Assets for the quarter that ended in Dec. 2025 was €35,524 Mil. Therefore, Bank Millennium's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.10.

FRA:1HN
56GF Score
Bank Millennium SA FRA:1HN
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Bank Millennium 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.

Bank Millennium'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 )
=(34448.83-31193.495)/31687.832
=0.10

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=35523.515 - 1074.685
=34448.83

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=33441.116 - 2247.621 - 0
=31193.495

Bank Millennium'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 )
=(35781.198-32399.923)/35523.515
=0.10

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=36944.2 - 1163.002
=35781.198

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=34501.596 - 2101.673 - 0
=32399.923

* 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 0.10 mean?
Bank Millennium (FRA:1HN) has a Scaled Net Operating Assets of 0.10 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 Bank Millennium and its competitors.
Is Bank Millennium's Scaled Net Operating Assets too high?
Bank Millennium's current Scaled Net Operating Assets is 0.10. Overall, Bank Millennium has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bank Millennium's Scaled Net Operating Assets compare to PNC and USB?
Bank Millennium's Scaled Net Operating Assets of 0.10 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 Bank Millennium and its competitors. Bank Millennium's current Scaled Net Operating Assets is 0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank Millennium stock overvalued right now?
Based on GuruFocus' analysis, Bank Millennium (FRA:1HN) is currently considered Significantly Overvalued. The stock's GF Value™ is €2.27, compared to a current price of €4.57 — trading 101.3% above its estimated fair value. The current Scaled Net Operating Assets is 0.10. Bank Millennium's overall GF Score™ is 56/100 with 6 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 Bank Millennium (FRA:1HN), the current Scaled Net Operating Assets is 0.10 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 Bank Millennium (FRA:1HN) Overvalued in 2026?

Based on GuruFocus' analysis, Bank Millennium stock appears to be overvalued. The current stock price of €4.57 is trading 101.3% above its estimated GF Value™ of €2.27. GuruFocus considers Bank Millennium to be Significantly Overvalued.

Key valuation signals for FRA:1HN:

  • Scaled Net Operating Assets: 0.10
  • GF Value™: €2.27 vs. price of €4.57 (101.3% above fair value)
  • GF Score™: 56/100 with 6 warning signs

No single metric tells the full story. See the FRA:1HN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Bank Millennium Business Description

Other Exchanges MIL:Poland
Address ul. Stanis?awa ?aryna 2A, Warsaw, POL, 02-593
Bank Millennium SA is a commercial bank group operating in Poland. The bank's operating segments include retail, corporate, FX mortgage loans, treasury operations, assets/liabilities management and other segment. The company derives the majority of its revenue from the retail segment which comprises the banking products and services provided to individual customers on the mass market, affluent customers, sole traders as well as services to small companies.
56GF Score

Get the complete analysis for FRA:1HN

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

€4.57
Price
€2.27
GF Value