CB First Investment Bank AD (FRA:834) Scaled Net Operating Assets: 0.05 (As of Mar. 2026)


FRA:834 CB First Investment Bank AD FRA:834
61 GF Score
Price €3.04
GF Value €4.52
Valuation Significantly Undervalued
! 4 Warning Signs
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What is CB First Investment Bank AD Scaled Net Operating Assets?

CB First Investment Bank AD FRA:834 -1.94% 61 Scaled Net Operating Assets is 0.05 as of Mar. 2026. GuruFocus rates FRA:834 with a GF Score™ of 61/100 and a GF Value™ of €4.52 (Significantly Undervalued). The stock has 4 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.

CB First Investment Bank AD's operating assets for the quarter that ended in Mar. 2026 was €8,918.7 Mil. CB First Investment Bank AD's operating liabilities for the quarter that ended in Mar. 2026 was €8,450.8 Mil. CB First Investment Bank AD's Total Assets for the quarter that ended in Dec. 2025 was €9,759.1 Mil. Therefore, CB First Investment Bank AD's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.05.

FRA:834
61GF Score
CB First Investment Bank AD FRA:834
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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CB First Investment Bank AD 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.

CB First Investment Bank AD'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 )
=(7823.269-7950.538)/8584.85
=-0.01

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=9759.145 - 1935.876
=7823.269

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8786.238 - 835.7 - 0
=7950.538

CB First Investment Bank AD'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 )
=(8918.733-8450.841)/9759.145
=0.05

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=10744.965 - 1826.232
=8918.733

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9743.47 - 1292.629 - 0
=8450.841

* 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 0.05 mean?
CB First Investment Bank AD (FRA:834) has a Scaled Net Operating Assets of 0.05 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 CB First Investment Bank AD and its competitors.
Is CB First Investment Bank AD's Scaled Net Operating Assets too high?
CB First Investment Bank AD's current Scaled Net Operating Assets is 0.05. Overall, CB First Investment Bank AD has a GF Score™ of 61/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CB First Investment Bank AD's Scaled Net Operating Assets compare to PNC and USB?
CB First Investment Bank AD's Scaled Net Operating Assets of 0.05 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 CB First Investment Bank AD and its competitors. CB First Investment Bank AD's current Scaled Net Operating Assets is 0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CB First Investment Bank AD stock overvalued right now?
Based on GuruFocus' analysis, CB First Investment Bank AD (FRA:834) is currently considered Significantly Undervalued. The stock's GF Value™ is €4.52, compared to a current price of €3.04 — trading 32.7% below its estimated fair value. The current Scaled Net Operating Assets is 0.05. CB First Investment Bank AD's overall GF Score™ is 61/100 with 4 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 CB First Investment Bank AD (FRA:834), the current Scaled Net Operating Assets is 0.05 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 CB First Investment Bank AD (FRA:834) Overvalued in 2026?

Based on GuruFocus' analysis, CB First Investment Bank AD stock appears to be undervalued. The current stock price of €3.04 is trading 32.7% below its estimated GF Value™ of €4.52. GuruFocus considers CB First Investment Bank AD to be Significantly Undervalued.

Key valuation signals for FRA:834:

  • Scaled Net Operating Assets: 0.05
  • GF Value™: €4.52 vs. price of €3.04 (32.7% below fair value)
  • GF Score™: 61/100 with 4 warning signs

No single metric tells the full story. See the FRA:834 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

CB First Investment Bank AD Business Description

Other Exchanges FIB:Bulgaria
Address 111P, Tsarigradsko shose Boulevard, Sofia 1784, Sofia, BGR, 1797
CB First Investment Bank AD provides banking services. The company provides Retail banking; Microlending; SME banking; Corporate banking; Card payments; Digital banking; Trade financing; International payments; Corporate lending, and others. Geographically the group operates principally in Bulgaria but also has operations in Cyprus and Albania.
61GF 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.

€3.04
Price
€4.52
GF Value