ICICI Bank (HAM:ICBA) Scaled Net Operating Assets: 0.12 (As of Mar. 2026)


HAM:ICBA ICICI Bank Ltd HAM:ICBA
81 GF Score
Price €24.70
GF Value €25.01
Valuation Fairly Valued
! 3 Warning Signs
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What is ICICI Bank Scaled Net Operating Assets?

ICICI Bank HAM:ICBA 81 Scaled Net Operating Assets is 0.12 as of Mar. 2026. GuruFocus rates HAM:ICBA with a GF Score™ of 81/100 and a GF Value™ of €25.01 (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.

ICICI Bank's operating assets for the quarter that ended in Mar. 2026 was €246,916 Mil. ICICI Bank's operating liabilities for the quarter that ended in Mar. 2026 was €215,710 Mil. ICICI Bank's Total Assets for the quarter that ended in Dec. 2025 was €261,172 Mil. Therefore, ICICI Bank's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.12.

HAM:ICBA
81GF Score
ICICI Bank Ltd HAM:ICBA
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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ICICI Bank 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.

ICICI Bank's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(246916.275-215710.163)/282481.942
=0.11

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=271610.605 - 24694.33
=246916.275

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=236237.237 - 20527.074 - 0
=215710.163

ICICI Bank'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 )
=(246916.275-215710.163)/261172.238
=0.12

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=271610.605 - 24694.33
=246916.275

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=236237.237 - 20527.074 - 0
=215710.163

* 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 0.12 mean?
ICICI Bank (HAM:ICBA) has a Scaled Net Operating Assets of 0.12 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 ICICI Bank and its competitors.
Is ICICI Bank's Scaled Net Operating Assets too high?
ICICI Bank's current Scaled Net Operating Assets is 0.12. Overall, ICICI Bank has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ICICI Bank's Scaled Net Operating Assets compare to PNC and USB?
ICICI Bank's Scaled Net Operating Assets of 0.12 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 ICICI Bank and its competitors. ICICI Bank's current Scaled Net Operating Assets is 0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ICICI Bank stock overvalued right now?
Based on GuruFocus' analysis, ICICI Bank (HAM:ICBA) is currently considered Fairly Valued. The stock's GF Value™ is €25.01, compared to a current price of €24.70 — trading 1.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.12. ICICI Bank's overall GF Score™ is 81/100 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 ICICI Bank (HAM:ICBA), the current Scaled Net Operating Assets is 0.12 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 ICICI Bank (HAM:ICBA) Overvalued in 2026?

Based on GuruFocus' analysis, ICICI Bank stock appears to be undervalued. The current stock price of €24.70 is trading 1.2% below its estimated GF Value™ of €25.01. GuruFocus considers ICICI Bank to be Fairly Valued.

Key valuation signals for HAM:ICBA:

  • Scaled Net Operating Assets: 0.12
  • GF Value™: €25.01 vs. price of €24.70 (1.2% below fair value)
  • GF Score™: 81/100 with 3 warning signs

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

ICICI Bank Business Description

Address ICICI Bank Towers, Bandra-Kurla Complex, Mumbai, MH, IND, 400 051
ICICI Bank Ltd provides banking services. The company's operating segments include Retail Banking; Wholesale Banking; Treasury, Life insurance, Other Banking Business, and Others. The company generates maximum revenue from the Retail Banking segment which includes exposures of the Bank, which satisfy the four qualifying criteria of a regulatory retail portfolio as stipulated by RBI guidelines on the Basel III framework as well as includes income from credit cards, debit cards, third party product distribution, and the associated costs. Geographical segments include Domestic operations and Foreign operations. The company generates the majority of its revenue from the domestic operations.
81GF 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.

€24.70
Price
€25.01
GF Value