Bank Muscat (SAOG) (MUS:BKMB) Scaled Net Operating Assets: 0.17 (As of Mar. 2026)


MUS:BKMB Bank Muscat (SAOG) MUS:BKMB
52 GF Score
Price ر.ع0.41
GF Value ر.ع0.31
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Bank Muscat (SAOG) Scaled Net Operating Assets?

Bank Muscat (SAOG) MUS:BKMB 52 Scaled Net Operating Assets is 0.17 as of Mar. 2026. GuruFocus rates MUS:BKMB with a GF Score™ of 52/100 and a GF Value™ of ر.ع0.31 (Significantly Overvalued). The stock has 2 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.

Bank Muscat (SAOG)'s operating assets for the quarter that ended in Mar. 2026 was ر.ع14,494.4 Mil. Bank Muscat (SAOG)'s operating liabilities for the quarter that ended in Mar. 2026 was ر.ع11,881.4 Mil. Bank Muscat (SAOG)'s Total Assets for the quarter that ended in Dec. 2025 was ر.ع15,129.1 Mil. Therefore, Bank Muscat (SAOG)'s scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.17.

MUS:BKMB
52GF Score
Bank Muscat (SAOG) MUS:BKMB
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Bank Muscat (SAOG) 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.

Bank Muscat (SAOG)'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 )
=(13979.72-11745.487)/13911.955
=0.16

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=15129.096 - 1149.376
=13979.72

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=12536.97 - 791.483 - 0
=11745.487

Bank Muscat (SAOG)'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 )
=(14494.427-11881.421)/15129.096
=0.17

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=15381.005 - 886.578
=14494.427

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=12817.787 - 936.366 - 0
=11881.421

* 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 0.17 mean?
Bank Muscat (SAOG) (MUS:BKMB) has a Scaled Net Operating Assets of 0.17 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 Bank Muscat (SAOG) and its competitors.
Is Bank Muscat (SAOG)'s Scaled Net Operating Assets too high?
Bank Muscat (SAOG)'s current Scaled Net Operating Assets is 0.17. Overall, Bank Muscat (SAOG) has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bank Muscat (SAOG)'s Scaled Net Operating Assets compare to PNC and USB?
Bank Muscat (SAOG)'s Scaled Net Operating Assets of 0.17 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 Bank Muscat (SAOG) and its competitors. Bank Muscat (SAOG)'s current Scaled Net Operating Assets is 0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank Muscat (SAOG) stock overvalued right now?
Based on GuruFocus' analysis, Bank Muscat (SAOG) (MUS:BKMB) is currently considered Significantly Overvalued. The stock's GF Value™ is ر.ع0.31, compared to a current price of ر.ع0.41 — trading 30.6% above its estimated fair value. The current Scaled Net Operating Assets is 0.17. Bank Muscat (SAOG)'s overall GF Score™ is 52/100 with 2 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 Bank Muscat (SAOG) (MUS:BKMB), the current Scaled Net Operating Assets is 0.17 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 Bank Muscat (SAOG) (MUS:BKMB) Overvalued in 2026?

Based on GuruFocus' analysis, Bank Muscat (SAOG) stock appears to be overvalued. The current stock price of ر.ع0.41 is trading 30.6% above its estimated GF Value™ of ر.ع0.31. GuruFocus considers Bank Muscat (SAOG) to be Significantly Overvalued.

Key valuation signals for MUS:BKMB:

  • Scaled Net Operating Assets: 0.17
  • GF Value™: ر.ع0.31 vs. price of ر.ع0.41 (30.6% above fair value)
  • GF Score™: 52/100 with 2 warning signs

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

Bank Muscat (SAOG) Business Description

Address Street No. 62, Block No. 311, Building No. 120/4, Airport Heights, Seeb, Muscat, OMN, 112
Bank Muscat (SAOG) is a banking corporation. Its business is to accept Sharia-compliant customer deposits, provide Shari'a-compliant financing based on various Shari'a-compliant modes, and undertake investment activities, commercial banking services, and other investment activities in the Sultanate of Oman. The company's service segments include Personal, Corporate, Wholesale, Islamic, and International banking. It generates the majority of revenue from the personal banking segment, which provides products and services to individuals, including consumer loans, credit cards, deposit accounts, savings deposits, foreign exchange, e-banking, remittances, bancassurance, and other branch-related services.
52GF 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.

ر.ع0.41
Price
ر.ع0.31
GF Value