Lloyds Banking Group (LSE:LLPF.PFD) Scaled Net Operating Assets: 0.09 (As of Mar. 2026)


LSE:LLPF.PFD Lloyds Banking Group PLC LSE:LLPF.PFD
54 GF Score
Price £950.00
! 5 Warning Signs
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What is Lloyds Banking Group Scaled Net Operating Assets?

Lloyds Banking Group LSE:LLPF.PFD 54 Scaled Net Operating Assets is 0.09 as of Mar. 2026. GuruFocus rates LSE:LLPF.PFD with a GF Score™ of 54/100. The stock has 5 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.

Lloyds Banking Group's operating assets for the quarter that ended in Mar. 2026 was £905,997.00 Mil. Lloyds Banking Group's operating liabilities for the quarter that ended in Mar. 2026 was £819,142.00 Mil. Lloyds Banking Group's Total Assets for the quarter that ended in Dec. 2025 was £944,072.00 Mil. Therefore, Lloyds Banking Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.09.

LSE:LLPF.PFD
54GF Score
Lloyds Banking Group PLC LSE:LLPF.PFD
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Lloyds Banking Group 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.

Lloyds Banking Group'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 )
=(887411-801060)/906697
=0.10

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=944072 - 56661
=887411

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=896205 - 95145 - 0
=801060

Lloyds Banking Group'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 )
=(905997-819142)/944072
=0.09

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=968125 - 62128
=905997

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=919894 - 100752 - 0
=819142

* 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 0.09 mean?
Lloyds Banking Group (LSE:LLPF.PFD) has a Scaled Net Operating Assets of 0.09 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 Lloyds Banking Group and its competitors.
Is Lloyds Banking Group's Scaled Net Operating Assets too high?
Lloyds Banking Group's current Scaled Net Operating Assets is 0.09. Overall, Lloyds Banking Group has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does Lloyds Banking Group's Scaled Net Operating Assets compare to competitors?
Lloyds Banking Group's Scaled Net Operating Assets of 0.09 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 Lloyds Banking Group and its competitors. Lloyds Banking Group's current Scaled Net Operating Assets is 0.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lloyds Banking Group stock overvalued right now?
Lloyds Banking Group (LSE:LLPF.PFD) has a current Scaled Net Operating Assets of 0.09. The current Scaled Net Operating Assets is 0.09. Lloyds Banking Group's overall GF Score™ is 54/100 with 5 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 Lloyds Banking Group (LSE:LLPF.PFD), the current Scaled Net Operating Assets is 0.09 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.

Lloyds Banking Group Business Description

Address 33 Old Broad Street, London, GBR, EC2N 1HZ
Lloyds is a retail and commercial bank headquartered in the United Kingdom. The bank operates via three business segments: retail, commercial banking, and insurance and wealth. In retail, Lloyds offers primarily mortgages (66% of loan portfolio), credit cards, and current accounts to its customers. Its commercial banking operation provides lending, transaction banking, working capital management, and debt capital market services to large companies and financial institutions in the UK. Insurance and wealth round out the product lineup with life and property insurance as well as pension solutions and high-net-worth asset management services.
54GF 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.

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