Turkiye Halk Bankasi AS (IST:HALKB) Scaled Net Operating Assets: 0.02 (As of Mar. 2026)


IST:HALKB Turkiye Halk Bankasi AS IST:HALKB
46 GF Score
Price ₺44.20
GF Value ₺49.38
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Turkiye Halk Bankasi AS Scaled Net Operating Assets?

Turkiye Halk Bankasi AS IST:HALKB +2.93% 46 Scaled Net Operating Assets is 0.02 as of Mar. 2026. GuruFocus rates IST:HALKB with a GF Score™ of 46/100 and a GF Value™ of ₺49.38 (Modestly Undervalued). 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.

Turkiye Halk Bankasi AS's operating assets for the quarter that ended in Mar. 2026 was ₺3,800,013 Mil. Turkiye Halk Bankasi AS's operating liabilities for the quarter that ended in Mar. 2026 was ₺3,693,047 Mil. Turkiye Halk Bankasi AS's Total Assets for the quarter that ended in Dec. 2025 was ₺4,497,070 Mil. Therefore, Turkiye Halk Bankasi AS's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.02.

IST:HALKB
46GF Score
Turkiye Halk Bankasi AS IST:HALKB
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Turkiye Halk Bankasi AS 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.

Turkiye Halk Bankasi AS'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 )
=(3565747.783-3792519.88)/3143858.75
=-0.07

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=4497070.228 - 931322.445
=3565747.783

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4274125.202 - 481605.322 - 0
=3792519.88

Turkiye Halk Bankasi AS'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 )
=(3800012.69-3693046.508)/4497070.228
=0.02

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=4657550.372 - 857537.682
=3800012.69

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4426470.605 - 733424.097 - 0
=3693046.508

* 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 0.02 mean?
Turkiye Halk Bankasi AS (IST:HALKB) has a Scaled Net Operating Assets of 0.02 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 Turkiye Halk Bankasi AS and its competitors.
Is Turkiye Halk Bankasi AS's Scaled Net Operating Assets too high?
Turkiye Halk Bankasi AS's current Scaled Net Operating Assets is 0.02. Overall, Turkiye Halk Bankasi AS has a GF Score™ of 46/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Turkiye Halk Bankasi AS's Scaled Net Operating Assets compare to competitors?
Turkiye Halk Bankasi AS's Scaled Net Operating Assets of 0.02 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 Turkiye Halk Bankasi AS and its competitors. Turkiye Halk Bankasi AS's current Scaled Net Operating Assets is 0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turkiye Halk Bankasi AS stock overvalued right now?
Based on GuruFocus' analysis, Turkiye Halk Bankasi AS (IST:HALKB) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺49.38, compared to a current price of ₺44.20 — trading 10.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.02. Turkiye Halk Bankasi AS's overall GF Score™ is 46/100 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 Turkiye Halk Bankasi AS (IST:HALKB), the current Scaled Net Operating Assets is 0.02 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 Turkiye Halk Bankasi AS (IST:HALKB) Overvalued in 2026?

Based on GuruFocus' analysis, Turkiye Halk Bankasi AS stock appears to be undervalued. The current stock price of ₺44.20 is trading 10.5% below its estimated GF Value™ of ₺49.38. GuruFocus considers Turkiye Halk Bankasi AS to be Modestly Undervalued.

Key valuation signals for IST:HALKB:

  • Scaled Net Operating Assets: 0.02
  • GF Value™: ₺49.38 vs. price of ₺44.20 (10.5% below fair value)
  • GF Score™: 46/100 with 3 warning signs

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

Turkiye Halk Bankasi AS Business Description

Address Finance Street No:42/1, Finanskent District, Umraniye, Istanbul, TUR, 34746
Turkiye Halk Bankasi AS is a bank operating in Turkey. The bank's controlling shareholder is the Privatization Administration of Turkey, a government agency. Halkbank's strategic focus since its founding is customer service and small to midsize enterprise banking, with a significant portion of its total loan portfolio dedicated to this segment. Halkbank specifically offers loans and products tailored for SMEs. Net interest income constitutes a majority of the bank's net revenue, of which its SME segment is the majority contributor. A significant portion of its nonperforming loans come from the manufacturing industry.
46GF 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.

₺44.20
Price
₺49.38
GF Value