B2 Impact ASA (FRA:B28) Scaled Net Operating Assets: 0.90 (As of Mar. 2026)


FRA:B28 B2 Impact ASA FRA:B28
68 GF Score
Price €2.07
GF Value €1.12
Valuation Significantly Overvalued
! 4 Warning Signs
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What is B2 Impact ASA Scaled Net Operating Assets?

B2 Impact ASA FRA:B28 +2.73% 68 Scaled Net Operating Assets is 0.90 as of Mar. 2026. GuruFocus rates FRA:B28 with a GF Score™ of 68/100 and a GF Value™ of €1.12 (Significantly Overvalued). 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.

B2 Impact ASA's operating assets for the quarter that ended in Mar. 2026 was €1,480.3 Mil. B2 Impact ASA's operating liabilities for the quarter that ended in Mar. 2026 was €136.7 Mil. B2 Impact ASA's Total Assets for the quarter that ended in Dec. 2025 was €1,492.5 Mil. Therefore, B2 Impact ASA's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.90.

FRA:B28
68GF Score
B2 Impact ASA FRA:B28
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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B2 Impact ASA 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.

B2 Impact ASA'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 )
=(1456.977-124.464)/1437.385
=0.93

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1492.466 - 35.489
=1456.977

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1010.074 - 885.61 - 0
=124.464

B2 Impact ASA'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 )
=(1480.295-136.665)/1492.466
=0.90

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1523.283 - 42.988
=1480.295

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1022.657 - 885.992 - 0
=136.665

* 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 0.90 mean?
B2 Impact ASA (FRA:B28) has a Scaled Net Operating Assets of 0.90 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 B2 Impact ASA and its competitors.
Is B2 Impact ASA's Scaled Net Operating Assets too high?
B2 Impact ASA's current Scaled Net Operating Assets is 0.90. Overall, B2 Impact ASA has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does B2 Impact ASA's Scaled Net Operating Assets compare to V and MA?
B2 Impact ASA's Scaled Net Operating Assets of 0.90 can be compared against companies in the Credit Services 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 Credit Services company?
A good Scaled Net Operating Assets depends on the Credit Services 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 B2 Impact ASA and its competitors. B2 Impact ASA's current Scaled Net Operating Assets is 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is B2 Impact ASA stock overvalued right now?
Based on GuruFocus' analysis, B2 Impact ASA (FRA:B28) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.12, compared to a current price of €2.07 — trading 84.8% above its estimated fair value. The current Scaled Net Operating Assets is 0.90. B2 Impact ASA's overall GF Score™ is 68/100 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 B2 Impact ASA (FRA:B28), the current Scaled Net Operating Assets is 0.90 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 B2 Impact ASA (FRA:B28) Overvalued in 2026?

Based on GuruFocus' analysis, B2 Impact ASA stock appears to be overvalued. The current stock price of €2.07 is trading 84.8% above its estimated GF Value™ of €1.12. GuruFocus considers B2 Impact ASA to be Significantly Overvalued.

Key valuation signals for FRA:B28:

  • Scaled Net Operating Assets: 0.90
  • GF Value™: €1.12 vs. price of €2.07 (84.8% above fair value)
  • GF Score™: 68/100 with 4 warning signs

No single metric tells the full story. See the FRA:B28 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

B2 Impact ASA Business Description

Address Cort Adelers gate 30, 7th floor, Oslo, NOR, 0254
B2 Impact ASA is a Nordic-based debt management company and a pan-European debt solutions provider active in purchasing non-performing loans, debt collection, and third-party debt collection. The company offers solutions to the challenges created by defaulted loans through transparent and ethical debt management, builds financial health, and provides liquidity to financial institutions, contributing to a healthier financial system. The Group's services include debt collection, debt purchase, and third-party debt collection. Its main business lines are investments in non-performing loan (NPL) portfolios and servicing of debt, including third-party debt collection, with operations focused on unsecured and secured asset management across multiple European markets.
68GF 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.

€2.07
Price
€1.12
GF Value