Svenska Handelsbanken AB (MIL:1SHBA) Scaled Net Operating Assets: 0.42 (As of Mar. 2026)


MIL:1SHBA Svenska Handelsbanken AB MIL:1SHBA
36 GF Score
Price €12.73
GF Value €10.53
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Svenska Handelsbanken AB Scaled Net Operating Assets?

Svenska Handelsbanken AB MIL:1SHBA 36 Scaled Net Operating Assets is 0.42 as of Mar. 2026. GuruFocus rates MIL:1SHBA with a GF Score™ of 36/100 and a GF Value™ of €10.53 (Modestly Overvalued). The stock has 7 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.

Svenska Handelsbanken AB's operating assets for the quarter that ended in Mar. 2026 was €292,654 Mil. Svenska Handelsbanken AB's operating liabilities for the quarter that ended in Mar. 2026 was €162,265 Mil. Svenska Handelsbanken AB's Total Assets for the quarter that ended in Dec. 2025 was €311,291 Mil. Therefore, Svenska Handelsbanken AB's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.42.

MIL:1SHBA
36GF Score
Svenska Handelsbanken AB MIL:1SHBA
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Svenska Handelsbanken AB 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.

Svenska Handelsbanken AB'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 )
=(271530.924-138019.578)/307684.134
=0.43

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=311290.834 - 39759.91
=271530.924

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=292971.668 - 154952.09 - 0
=138019.578

Svenska Handelsbanken AB'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 )
=(292653.567-162265.206)/311290.834
=0.42

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=345860.927 - 53207.36
=292653.567

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=329871.443 - 167606.237 - 0
=162265.206

* 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 0.42 mean?
Svenska Handelsbanken AB (MIL:1SHBA) has a Scaled Net Operating Assets of 0.42 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 Svenska Handelsbanken AB and its competitors.
Is Svenska Handelsbanken AB's Scaled Net Operating Assets too high?
Svenska Handelsbanken AB's current Scaled Net Operating Assets is 0.42. Overall, Svenska Handelsbanken AB has a GF Score™ of 36/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Svenska Handelsbanken AB's Scaled Net Operating Assets compare to JPM and BAC?
Svenska Handelsbanken AB's Scaled Net Operating Assets of 0.42 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 Svenska Handelsbanken AB and its competitors. Svenska Handelsbanken AB's current Scaled Net Operating Assets is 0.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Svenska Handelsbanken AB stock overvalued right now?
Based on GuruFocus' analysis, Svenska Handelsbanken AB (MIL:1SHBA) is currently considered Modestly Overvalued. The stock's GF Value™ is €10.53, compared to a current price of €12.73 — trading 20.9% above its estimated fair value. The current Scaled Net Operating Assets is 0.42. Svenska Handelsbanken AB's overall GF Score™ is 36/100 with 7 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 Svenska Handelsbanken AB (MIL:1SHBA), the current Scaled Net Operating Assets is 0.42 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 Svenska Handelsbanken AB (MIL:1SHBA) Overvalued in 2026?

Based on GuruFocus' analysis, Svenska Handelsbanken AB stock appears to be overvalued. The current stock price of €12.73 is trading 20.9% above its estimated GF Value™ of €10.53. GuruFocus considers Svenska Handelsbanken AB to be Modestly Overvalued.

Key valuation signals for MIL:1SHBA:

  • Scaled Net Operating Assets: 0.42
  • GF Value™: €10.53 vs. price of €12.73 (20.9% above fair value)
  • GF Score™: 36/100 with 7 warning signs

No single metric tells the full story. See the MIL:1SHBA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Svenska Handelsbanken AB Business Description

Address Kungstradgardsgatan 2, Stockholm, SWE, SE-106 70
Handelsbanken is one of the largest Swedish banks with significant exposure to the Swedish mortgage market; about 44% of total loans are tied to the Swedish real estate market. Outside of Sweden, the bank operates primarily in the UK and the Netherlands. Handelsbanken generates about three-fourths of its income from its interest-spread-based business, including mortgages, household loans, and corporate loans to large and small enterprises.
36GF 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.

€12.73
Price
€10.53
GF Value