Bank of Montreal (HAM:BZZ) Scaled Net Operating Assets: 0.13 (As of Apr. 2026)


HAM:BZZ Bank of Montreal HAM:BZZ
52 GF Score
Price €152.36
GF Value €98.77
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Bank of Montreal Scaled Net Operating Assets?

Bank of Montreal HAM:BZZ -2.31% 52 Scaled Net Operating Assets is 0.13 as of Apr. 2026. GuruFocus rates HAM:BZZ with a GF Score™ of 52/100 and a GF Value™ of €98.77 (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.

Bank of Montreal's operating assets for the quarter that ended in Apr. 2026 was €814,482 Mil. Bank of Montreal's operating liabilities for the quarter that ended in Apr. 2026 was €700,199 Mil. Bank of Montreal's Total Assets for the quarter that ended in Jan. 2026 was €901,075 Mil. Therefore, Bank of Montreal's scaled net operating assets (SNOA) for the quarter that ended in Apr. 2026 was 0.13.

HAM:BZZ
52GF Score
Bank of Montreal HAM:BZZ
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bank of Montreal 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.

Bank of Montreal's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Oct. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Oct. 2025 )
=(Operating Assets (A: Oct. 2025 )-Operating Liabilities (A: Oct. 2025 ))/Total Assets (A: Oct. 2024 )
=(863716.271-680711.442)/940652.719
=0.19

where

Operating Assets(A: Oct. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=906900.856 - 43184.585
=863716.271

Operating Liabilities(A: Oct. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=852798.84 - 102483.711 - 69603.687
=680711.442

Bank of Montreal's Scaled Net Operating Assets (SNOA) for the quarter that ended in Apr. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Apr. 2026 )
=(Operating Assets (Q: Apr. 2026 )-Operating Liabilities (Q: Apr. 2026 ))/Total Assets (Q: Jan. 2026 )
=(814481.678-700198.626)/901074.963
=0.13

where

Operating Assets(Q: Apr. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=932171.925 - 117690.247
=814481.678

Operating Liabilities(Q: Apr. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=878949.2 - 110321.979 - 68428.595
=700198.626

* 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 0.13 mean?
Bank of Montreal (HAM:BZZ) has a Scaled Net Operating Assets of 0.13 as of Apr. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Bank of Montreal and its competitors.
Is Bank of Montreal's Scaled Net Operating Assets too high?
Bank of Montreal's current Scaled Net Operating Assets is 0.13. Overall, Bank of Montreal has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bank of Montreal's Scaled Net Operating Assets compare to JPM and BAC?
Bank of Montreal's Scaled Net Operating Assets of 0.13 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 Bank of Montreal and its competitors. Bank of Montreal's current Scaled Net Operating Assets is 0.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank of Montreal stock overvalued right now?
Based on GuruFocus' analysis, Bank of Montreal (HAM:BZZ) is currently considered Significantly Overvalued. The stock's GF Value™ is €98.77, compared to a current price of €152.36 — trading 54.3% above its estimated fair value. The current Scaled Net Operating Assets is 0.13. Bank of Montreal's overall GF Score™ is 52/100 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 Bank of Montreal (HAM:BZZ), the current Scaled Net Operating Assets is 0.13 as of Apr. 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 Bank of Montreal (HAM:BZZ) Overvalued in 2026?

Based on GuruFocus' analysis, Bank of Montreal stock appears to be overvalued. The current stock price of €152.36 is trading 54.3% above its estimated GF Value™ of €98.77. GuruFocus considers Bank of Montreal to be Significantly Overvalued.

Key valuation signals for HAM:BZZ:

  • Scaled Net Operating Assets: 0.13
  • GF Value™: €98.77 vs. price of €152.36 (54.3% above fair value)
  • GF Score™: 52/100 with 8 warning signs

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

Bank of Montreal Business Description

Address 129 rue Saint Jacques, Montreal, QC, CAN, H2Y 1L6
Bank of Montreal is a diversified financial services provider based in North America with over CAD 1.47 trillion in assets by the end of fiscal 2025. BMO operates four business segments: Canadian personal and commercial banking, US personal and commercial banking, wealth management, and capital markets. About 60% of BMO's earnings are generated in Canada and 40% in the US.
52GF Score

Get the complete analysis for HAM:BZZ

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

€152.36
Price
€98.77
GF Value