HSBC Holdings (MEX:HBCN) Scaled Net Operating Assets: 0.03 (As of Mar. 2026)


MEX:HBCN HSBC Holdings PLC MEX:HBCN
48 GF Score
Price MXN1,610.00
GF Value MXN934.87
Valuation Significantly Overvalued
! 6 Warning Signs
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What is HSBC Holdings Scaled Net Operating Assets?

HSBC Holdings MEX:HBCN 48 Scaled Net Operating Assets is 0.03 as of Mar. 2026. GuruFocus rates MEX:HBCN with a GF Score™ of 48/100 and a GF Value™ of MXN934.87 (Significantly Overvalued). The stock has 6 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.

HSBC Holdings's operating assets for the quarter that ended in Mar. 2026 was MXN55,744,558 Mil. HSBC Holdings's operating liabilities for the quarter that ended in Mar. 2026 was MXN54,224,311 Mil. HSBC Holdings's Total Assets for the quarter that ended in Dec. 2025 was MXN58,213,040 Mil. Therefore, HSBC Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.03.

MEX:HBCN
48GF Score
HSBC Holdings PLC MEX:HBCN
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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HSBC Holdings 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.

HSBC Holdings'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 )
=(52672020.224-49897918.034)/62922647.929
=0.04

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=58213040.328 - 5541020.104
=52672020.224

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=54509880.029 - 4611961.995 - 0
=49897918.034

HSBC Holdings'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 )
=(55744557.687-54224310.912)/58213040.328
=0.03

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=59616304.609 - 3871746.922
=55744557.687

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=56058993.877 - 1834682.965 - 0
=54224310.912

* 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 0.03 mean?
HSBC Holdings (MEX:HBCN) has a Scaled Net Operating Assets of 0.03 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 HSBC Holdings and its competitors.
Is HSBC Holdings' Scaled Net Operating Assets too high?
HSBC Holdings' current Scaled Net Operating Assets is 0.03. Overall, HSBC Holdings has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does HSBC Holdings' Scaled Net Operating Assets compare to JPM and BAC?
HSBC Holdings' Scaled Net Operating Assets of 0.03 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 HSBC Holdings and its competitors. HSBC Holdings's current Scaled Net Operating Assets is 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HSBC Holdings stock overvalued right now?
Based on GuruFocus' analysis, HSBC Holdings (MEX:HBCN) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN934.87, compared to a current price of MXN1,610.00 — trading 72.2% above its estimated fair value. The current Scaled Net Operating Assets is 0.03. HSBC Holdings' overall GF Score™ is 48/100 with 6 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 HSBC Holdings (MEX:HBCN), the current Scaled Net Operating Assets is 0.03 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 HSBC Holdings (MEX:HBCN) Overvalued in 2026?

Based on GuruFocus' analysis, HSBC Holdings stock appears to be overvalued. The current stock price of MXN1,610.00 is trading 72.2% above its estimated GF Value™ of MXN934.87. GuruFocus considers HSBC Holdings to be Significantly Overvalued.

Key valuation signals for MEX:HBCN:

  • Scaled Net Operating Assets: 0.03
  • GF Value™: MXN934.87 vs. price of MXN1,610.00 (72.2% above fair value)
  • GF Score™: 48/100 with 6 warning signs

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

HSBC Holdings Business Description

Address 8 Canada Square, London, GBR, E14 5HQ
Established in 1865 in Hong Kong, London-based HSBC is one of the largest banks in the world, with assets of USD 3 trillion and over 40 million customers worldwide. It operates in more than 50 countries with over 200,000 full-time staff. Hong Kong and the United Kingdom are its two largest markets. The bank offers retail, commercial and institutional banking, global banking and markets, wealth management, and private banking.
48GF 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.

MXN1,610.00
Price
MXN934.87
GF Value