KBC Ancora (FRA:KB9) Scaled Net Operating Assets: 1.02 (As of Dec. 2025)


FRA:KB9 KBC Ancora SA FRA:KB9
70 GF Score
Price €78.90
GF Value €56.33
Valuation Significantly Overvalued
! 8 Warning Signs
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What is KBC Ancora Scaled Net Operating Assets?

KBC Ancora FRA:KB9 -0.63% 70 Scaled Net Operating Assets is 1.02 as of Dec. 2025. GuruFocus rates FRA:KB9 with a GF Score™ of 70/100 and a GF Value™ of €56.33 (Significantly Overvalued). The stock has 8 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.

KBC Ancora's operating assets for the quarter that ended in Dec. 2025 was €3,705.3 Mil. KBC Ancora's operating liabilities for the quarter that ended in Dec. 2025 was €2.6 Mil. KBC Ancora's Total Assets for the quarter that ended in Jun. 2025 was €3,629.3 Mil. Therefore, KBC Ancora's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 1.02.

FRA:KB9
70GF Score
KBC Ancora SA FRA:KB9
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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KBC Ancora 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.

KBC Ancora's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2025 )
=(Operating Assets (A: Jun. 2025 )-Operating Liabilities (A: Jun. 2025 ))/Total Assets (A: Jun. 2024 )
=(3629.093-0.55500000000001)/3599.986
=1.01

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3629.269 - 0.176
=3629.093

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=100.555 - 100 - 0
=0.55500000000001

KBC Ancora's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(3705.325-2.603)/3629.269
=1.02

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3705.675 - 0.35
=3705.325

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=102.603 - 100 - 0
=2.603

* 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 1.02 mean?
KBC Ancora (FRA:KB9) has a Scaled Net Operating Assets of 1.02 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on KBC Ancora and its competitors.
Is KBC Ancora's Scaled Net Operating Assets too high?
KBC Ancora's current Scaled Net Operating Assets is 1.02. Overall, KBC Ancora has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KBC Ancora's Scaled Net Operating Assets compare to BLK and BX?
KBC Ancora's Scaled Net Operating Assets of 1.02 can be compared against companies in the Asset Management 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 an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management 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 KBC Ancora and its competitors. KBC Ancora's current Scaled Net Operating Assets is 1.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KBC Ancora stock overvalued right now?
Based on GuruFocus' analysis, KBC Ancora (FRA:KB9) is currently considered Significantly Overvalued. The stock's GF Value™ is €56.33, compared to a current price of €78.90 — trading 40.1% above its estimated fair value. The current Scaled Net Operating Assets is 1.02. KBC Ancora's overall GF Score™ is 70/100 with 8 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 KBC Ancora (FRA:KB9), the current Scaled Net Operating Assets is 1.02 as of Dec. 2025. 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 KBC Ancora (FRA:KB9) Overvalued in 2026?

Based on GuruFocus' analysis, KBC Ancora stock appears to be overvalued. The current stock price of €78.90 is trading 40.1% above its estimated GF Value™ of €56.33. GuruFocus considers KBC Ancora to be Significantly Overvalued.

Key valuation signals for FRA:KB9:

  • Scaled Net Operating Assets: 1.02
  • GF Value™: €56.33 vs. price of €78.90 (40.1% above fair value)
  • GF Score™: 70/100 with 8 warning signs

No single metric tells the full story. See the FRA:KB9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

KBC Ancora Business Description

Address Muntstraat 1, Leuven, BEL, 3000
KBC Ancora SA is a financial services holding company whose sole asset is a substantial participating interest in KBC Group. Its operational activities are fairly limited. The group engages in retail banking, insurance, and asset management services, deriving the vast majority of its profits from activities in Belgium. Other profit-driving markets include the Czech Republic, Bulgaria, and Ireland. Revenue is reported through net interest income, insurance premiums, and fees and commissions, reflecting a diverse range of services.
70GF 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.

€78.90
Price
€56.33
GF Value