MBIA (FRA:MBJ) Scaled Net Operating Assets: -0.20 (As of Mar. 2026)


FRA:MBJ MBIA Inc FRA:MBJ
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What is MBIA Scaled Net Operating Assets?

MBIA FRA:MBJ +3.67% 30 Scaled Net Operating Assets is -0.20 as of Mar. 2026. GuruFocus rates FRA:MBJ with a GF Score™ of 30/100. 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.

MBIA's operating assets for the quarter that ended in Mar. 2026 was €418.66 Mil. MBIA's operating liabilities for the quarter that ended in Mar. 2026 was €756.88 Mil. MBIA's Total Assets for the quarter that ended in Dec. 2025 was €1,719.10 Mil. Therefore, MBIA's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was -0.20.

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MBIA 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.

MBIA'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 )
=(1658.468-765.184)/2070.44
=0.43

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1719.102 - 60.634
=1658.468

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3623.522 - 2858.338 - 0
=765.184

MBIA'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 )
=(418.66-756.875)/1719.102
=-0.20

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1711.835 - 1293.175
=418.66

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3682.305 - 2925.43 - 0
=756.875

* 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 -0.20 mean?
MBIA (FRA:MBJ) has a Scaled Net Operating Assets of -0.20 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 MBIA and its competitors.
Is MBIA's Scaled Net Operating Assets too high?
MBIA's current Scaled Net Operating Assets is -0.20. Overall, MBIA has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does MBIA's Scaled Net Operating Assets compare to OSG and JRVR?
MBIA's Scaled Net Operating Assets of -0.20 can be compared against companies in the Insurance 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 Insurance company?
A good Scaled Net Operating Assets depends on the Insurance 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 MBIA and its competitors. MBIA's current Scaled Net Operating Assets is -0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MBIA stock overvalued right now?
MBIA (FRA:MBJ) has a current Scaled Net Operating Assets of -0.20. The current Scaled Net Operating Assets is -0.20. MBIA's overall GF Score™ is 30/100 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 MBIA (FRA:MBJ), the current Scaled Net Operating Assets is -0.20 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.

MBIA Business Description

Other Exchanges MBI:USA
Address 1 Manhattanville Road, Suite 202, Purchase, NY, USA, 10577
MBIA Inc provides financial guaranty insurance for municipal bonds and asset-backed securities in the United States and internationally. It offers an unconditional guarantee to repay the principal and interest on these securities if the issuer defaults. MBIA insures bonds sold in the primary and secondary markets, as well as those held in unit investment trusts and mutual funds. It operates in three segments: the United States Public Finance Insurance, which derives maximum revenue, Corporate, and International & Structured Finance Insurance. The U.S. public finance insurance portfolio is managed through the National Public Finance Guarantee Corporation. International & structured finance insurance business is managed through MBIA Insurance Corporation and its subsidiaries.
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