NAUBF (National Australia Bank) Scaled Net Operating Assets: 0.18 (As of Mar. 2026)


NAUBF National Australia Bank Ltd NAUBF
66 GF Score
Price $27.60
GF Value $31.07
Valuation Modestly Undervalued
! 3 Warning Signs
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What is National Australia Bank Scaled Net Operating Assets?

National Australia Bank NAUBF 66 Scaled Net Operating Assets is 0.18 as of Mar. 2026. GuruFocus rates NAUBF with a GF Score™ of 66/100 and a GF Value™ of $31.07 (Modestly 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.

National Australia Bank's operating assets for the quarter that ended in Mar. 2026 was $741,864 Mil. National Australia Bank's operating liabilities for the quarter that ended in Mar. 2026 was $610,000 Mil. National Australia Bank's Total Assets for the quarter that ended in Sep. 2025 was $731,571 Mil. Therefore, National Australia Bank's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.18.

NAUBF
66GF Score
National Australia Bank Ltd NAUBF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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National Australia Bank 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.

National Australia Bank's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Sep. 2025 )
=(Operating Assets (A: Sep. 2025 )-Operating Liabilities (A: Sep. 2025 ))/Total Assets (A: Sep. 2024 )
=(669203.166-543049.472)/731379.824
=0.17

where

Operating Assets(A: Sep. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=731571.24 - 62368.074
=669203.166

Operating Liabilities(A: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=689587.731 - 146538.259 - 0
=543049.472

National Australia Bank'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: Sep. 2025 )
=(741863.859-610000)/731571.24
=0.18

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=801861.754 - 59997.895
=741863.859

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=758880 - 148880 - 0
=610000

* 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 0.18 mean?
National Australia Bank (NAUBF) has a Scaled Net Operating Assets of 0.18 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 National Australia Bank and its competitors.
Is National Australia Bank's Scaled Net Operating Assets too high?
National Australia Bank's current Scaled Net Operating Assets is 0.18. Overall, National Australia Bank has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does National Australia Bank's Scaled Net Operating Assets compare to JPM and BAC?
National Australia Bank's Scaled Net Operating Assets of 0.18 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 National Australia Bank and its competitors. National Australia Bank's current Scaled Net Operating Assets is 0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Australia Bank stock overvalued right now?
Based on GuruFocus' analysis, National Australia Bank (NAUBF) is currently considered Modestly Undervalued. The stock's GF Value™ is $31.07, compared to a current price of $27.60 — trading 11.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.18. National Australia Bank's overall GF Score™ is 66/100 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 National Australia Bank (NAUBF), the current Scaled Net Operating Assets is 0.18 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 National Australia Bank (NAUBF) Overvalued in 2026?

Based on GuruFocus' analysis, National Australia Bank stock appears to be undervalued. The current stock price of $27.60 is trading 11.2% below its estimated GF Value™ of $31.07. GuruFocus considers National Australia Bank to be Modestly Undervalued.

Key valuation signals for NAUBF:

  • Scaled Net Operating Assets: 0.18
  • GF Value™: $31.07 vs. price of $27.60 (11.2% below fair value)
  • GF Score™: 66/100 with 3 warning signs

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

National Australia Bank Business Description

Address 395 Bourke Street, Level 28, Melbourne, VIC, AUS, 3000
National Australia Bank is the most business-focused of the four major banks, holding the largest share of business loans and the number-three spot in home loans. National Australia Bank is currently the second-largest bank by market capitalization, with the franchise covering consumer, small business, corporate, and institutional sectors. Under the UBank brand the bank also owns one of Australia's largest digital-only banks. Offshore operations in New Zealand round out the group.
66GF 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.

$27.60
Price
$31.07
GF Value