Amalgamated Financial (FRA:A0B0) Scaled Net Operating Assets: -0.16 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:A0B0 Amalgamated Financial Corp FRA:A0B0
62 GF Score
Price €40.40
GF Value €27.88
! 7 Warning Signs
View Full Analysis

What is Amalgamated Financial Scaled Net Operating Assets?

Amalgamated Financial FRA:A0B0 62 Scaled Net Operating Assets is -0.16 as of Mar. 2026. GuruFocus rates FRA:A0B0 with a GF Score™ of 62/100 and a GF Value™ of €27.88. The stock has 7 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.

Amalgamated Financial's operating assets for the quarter that ended in Mar. 2026 was €5,923.4 Mil. Amalgamated Financial's operating liabilities for the quarter that ended in Mar. 2026 was €7,164.1 Mil. Amalgamated Financial's Total Assets for the quarter that ended in Dec. 2025 was €7,574.8 Mil. Therefore, Amalgamated Financial's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was -0.16.

FRA:A0B0
62GF Score
Amalgamated Financial Corp FRA:A0B0
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Amalgamated Financial 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.

Amalgamated Financial'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 )
=(7326.141-6826.464)/7885.332
=0.06

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=7574.84 - 248.699
=7326.141

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6896.368 - 69.904 - 0
=6826.464

Amalgamated Financial'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 )
=(5923.433-7164.137)/7574.84
=-0.16

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=7932.822 - 2009.389
=5923.433

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7234.27 - 70.133 - 0
=7164.137

* 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 -0.16 mean?
Amalgamated Financial (FRA:A0B0) has a Scaled Net Operating Assets of -0.16 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 Amalgamated Financial and its competitors.
Is Amalgamated Financial's Scaled Net Operating Assets too high?
Amalgamated Financial's current Scaled Net Operating Assets is -0.16. Overall, Amalgamated Financial has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does Amalgamated Financial's Scaled Net Operating Assets compare to WABC and PEBO?
Amalgamated Financial's Scaled Net Operating Assets of -0.16 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 Amalgamated Financial and its competitors. Amalgamated Financial's current Scaled Net Operating Assets is -0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Amalgamated Financial stock overvalued right now?
Amalgamated Financial (FRA:A0B0) has a current Scaled Net Operating Assets of -0.16. The stock's GF Value™ is €27.88, compared to a current price of €40.40 — trading 44.9% above its estimated fair value. The current Scaled Net Operating Assets is -0.16. Amalgamated Financial's overall GF Score™ is 62/100 with 7 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 Amalgamated Financial (FRA:A0B0), the current Scaled Net Operating Assets is -0.16 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 Amalgamated Financial (FRA:A0B0) Overvalued in 2026?

Based on GuruFocus' analysis, Amalgamated Financial stock appears to be overvalued. The current stock price of €40.40 is trading 44.9% above its estimated GF Value™ of €27.88.

Key valuation signals for FRA:A0B0:

  • Scaled Net Operating Assets: -0.16
  • GF Value™: €27.88 vs. price of €40.40 (44.9% above fair value)
  • GF Score™: 62/100 with 7 warning signs

No single metric tells the full story. See the FRA:A0B0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Amalgamated Financial Business Description

Other Exchanges AMAL:USA
Address 275 Seventh Avenue, New York, NY, USA, 10001
Amalgamated Financial Corp is a bank holding company. It is a full-service commercial bank and a chartered trust company. It provides commercial banking and trust services nationally and offers various products and services to commercial and retail customers. It offers a complete suite of commercial and retail banking, investment management, and trust and custody services.
62GF Score

Get the complete analysis for FRA:A0B0

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

€40.40
Price
€27.88
GF Value