Industrial And Commercial Bank Of China (FRA:ICK) Scaled Net Operating Assets: 0.03 (As of Mar. 2026)


FRA:ICK Industrial And Commercial Bank Of China Ltd FRA:ICK
40 GF Score
Price €0.74
GF Value €0.69
Valuation Fairly Valued
! 3 Warning Signs
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What is Industrial And Commercial Bank Of China Scaled Net Operating Assets?

Industrial And Commercial Bank Of China FRA:ICK +0.56% 40 Scaled Net Operating Assets is 0.03 as of Mar. 2026. GuruFocus rates FRA:ICK with a GF Score™ of 40/100 and a GF Value™ of €0.69 (Fairly Valued). 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.

Industrial And Commercial Bank Of China's operating assets for the quarter that ended in Mar. 2026 was €6,354,989 Mil. Industrial And Commercial Bank Of China's operating liabilities for the quarter that ended in Mar. 2026 was €6,146,358 Mil. Industrial And Commercial Bank Of China's Total Assets for the quarter that ended in Dec. 2025 was €6,484,271 Mil. Therefore, Industrial And Commercial Bank Of China's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.03.

FRA:ICK
40GF Score
Industrial And Commercial Bank Of China Ltd FRA:ICK
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Industrial And Commercial Bank Of China 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.

Industrial And Commercial Bank Of China'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 )
=(5845432.238-5632674.057)/6403885.262
=0.03

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=6484271.09 - 638838.852
=5845432.238

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5966280.902 - 333606.845 - 0
=5632674.057

Industrial And Commercial Bank Of China'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 )
=(6354988.868-6146358.463)/6484271.09
=0.03

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=6999794.716 - 644805.848
=6354988.868

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6453120.765 - 306762.302 - 0
=6146358.463

* 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?
Industrial And Commercial Bank Of China (FRA:ICK) 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 Industrial And Commercial Bank Of China and its competitors.
Is Industrial And Commercial Bank Of China's Scaled Net Operating Assets too high?
Industrial And Commercial Bank Of China's current Scaled Net Operating Assets is 0.03. Overall, Industrial And Commercial Bank Of China has a GF Score™ of 40/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Industrial And Commercial Bank Of China's Scaled Net Operating Assets compare to JPM and BAC?
Industrial And Commercial Bank Of China'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 Industrial And Commercial Bank Of China and its competitors. Industrial And Commercial Bank Of China'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 Industrial And Commercial Bank Of China stock overvalued right now?
Based on GuruFocus' analysis, Industrial And Commercial Bank Of China (FRA:ICK) is currently considered Fairly Valued. The stock's GF Value™ is €0.69, compared to a current price of €0.74 — trading 7% above its estimated fair value. The current Scaled Net Operating Assets is 0.03. Industrial And Commercial Bank Of China's overall GF Score™ is 40/100 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 Industrial And Commercial Bank Of China (FRA:ICK), 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 Industrial And Commercial Bank Of China (FRA:ICK) Overvalued in 2026?

Based on GuruFocus' analysis, Industrial And Commercial Bank Of China stock appears to be overvalued. The current stock price of €0.74 is trading 7% above its estimated GF Value™ of €0.69. GuruFocus considers Industrial And Commercial Bank Of China to be Fairly Valued.

Key valuation signals for FRA:ICK:

  • Scaled Net Operating Assets: 0.03
  • GF Value™: €0.69 vs. price of €0.74 (7% above fair value)
  • GF Score™: 40/100 with 3 warning signs

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

Industrial And Commercial Bank Of China Business Description

Address No. 55 Fuxingmennei Avenue, Xicheng District, Beijing, CHN, 100140
Industrial and Commercial Bank of China was founded in 1984 and is headquartered in Beijing. The bank listed its shares in mainland China and Hong Kong in 2006. It is China's largest by asset scale and by share of lending and deposits. Central Huijin Investment (China's sovereign wealth fund manager) and China's Ministry of Finance are ICBC's two largest shareholders, each with a stake of around 35%. ICBC operates over 15,000 outlets. Of these, 413 outlets are in 49 countries and regions overseas. Corporate banking, retail banking, and wholesale banking accounted for 49%, 39%, and 11% of total revenue, respectively, and 49%, 33%, and 17% of profit before tax in 2025. Overseas banking and other business contributed 14% of total revenue and 9% of profit before tax in 2025.
40GF 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.

€0.74
Price
€0.69
GF Value