QNB Bank AS (IST:QNBTR) Scaled Net Operating Assets: 0.23 (As of Mar. 2026)


IST:QNBTR QNB Bank AS IST:QNBTR
41 GF Score
Price ₺219.00
GF Value ₺344.93
Valuation Significantly Undervalued
! 3 Warning Signs
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What is QNB Bank AS Scaled Net Operating Assets?

QNB Bank AS IST:QNBTR -3.35% 41 Scaled Net Operating Assets is 0.23 as of Mar. 2026. GuruFocus rates IST:QNBTR with a GF Score™ of 41/100 and a GF Value™ of ₺344.93 (Significantly 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.

QNB Bank AS's operating assets for the quarter that ended in Mar. 2026 was ₺1,681,112 Mil. QNB Bank AS's operating liabilities for the quarter that ended in Mar. 2026 was ₺1,236,112 Mil. QNB Bank AS's Total Assets for the quarter that ended in Dec. 2025 was ₺1,910,724 Mil. Therefore, QNB Bank AS's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.23.

IST:QNBTR
41GF Score
QNB Bank AS IST:QNBTR
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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QNB Bank 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.

QNB Bank 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 )
=(1607876.726-1166784.946)/1555092.527
=0.28

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1910723.965 - 302847.239
=1607876.726

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1737807.914 - 571022.968 - 0
=1166784.946

QNB Bank 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 )
=(1681112.303-1236112.344)/1910723.965
=0.23

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2066001.289 - 384888.986
=1681112.303

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1880531.793 - 644419.449 - 0
=1236112.344

* 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 0.23 mean?
QNB Bank AS (IST:QNBTR) has a Scaled Net Operating Assets of 0.23 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 QNB Bank AS and its competitors.
Is QNB Bank AS's Scaled Net Operating Assets too high?
QNB Bank AS's current Scaled Net Operating Assets is 0.23. Overall, QNB Bank AS has a GF Score™ of 41/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does QNB Bank AS's Scaled Net Operating Assets compare to competitors?
QNB Bank AS's Scaled Net Operating Assets of 0.23 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 QNB Bank AS and its competitors. QNB Bank AS's current Scaled Net Operating Assets is 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is QNB Bank AS stock overvalued right now?
Based on GuruFocus' analysis, QNB Bank AS (IST:QNBTR) is currently considered Significantly Undervalued. The stock's GF Value™ is ₺344.93, compared to a current price of ₺219.00 — trading 36.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.23. QNB Bank AS's overall GF Score™ is 41/100 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 QNB Bank AS (IST:QNBTR), the current Scaled Net Operating Assets is 0.23 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 QNB Bank AS (IST:QNBTR) Overvalued in 2026?

Based on GuruFocus' analysis, QNB Bank AS stock appears to be undervalued. The current stock price of ₺219.00 is trading 36.5% below its estimated GF Value™ of ₺344.93. GuruFocus considers QNB Bank AS to be Significantly Undervalued.

Key valuation signals for IST:QNBTR:

  • Scaled Net Operating Assets: 0.23
  • GF Value™: ₺344.93 vs. price of ₺219.00 (36.5% below fair value)
  • GF Score™: 41/100 with 3 warning signs

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

QNB Bank AS Business Description

Address 212) 318 50 00Caddesi Kristal Kule Binasi No. 215, Esentepe Mahallesi, Sisli, Istanbul, TUR
QNB Bank AS offers products and services to its customers in factoring, investment, leasing (financial leasing), insurance, portfolio management services, and e-transformation products. In addition to corporate banking, retail banking and commercial banking services, it also provides private banking, SME banking, treasury operations and credit card services through branches and alternative channels. The company serves its retail banking clients with time and demand deposits, also overdraft services, automatic account services, consumer loans, vehicle loans, housing loans and investment fund services. It provides services including deposit and loans, foreign trade financing, forward and option agreements to its corporate clients.
41GF 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.

₺219.00
Price
₺344.93
GF Value