NIC (Nicolet Bankshares) Scaled Net Operating Assets: 0.06 (As of Mar. 2026)


NIC Nicolet Bankshares Inc NIC
67 GF Score
Price $163.25
GF Value $135.23
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Nicolet Bankshares Scaled Net Operating Assets?

Nicolet Bankshares NIC +1.18% 67 Scaled Net Operating Assets is 0.06 as of Mar. 2026. GuruFocus rates NIC with a GF Score™ of 67/100 and a GF Value™ of $135.23 (Modestly Overvalued). 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.

Nicolet Bankshares's operating assets for the quarter that ended in Mar. 2026 was $13,713.8 Mil. Nicolet Bankshares's operating liabilities for the quarter that ended in Mar. 2026 was $13,137.6 Mil. Nicolet Bankshares's Total Assets for the quarter that ended in Dec. 2025 was $9,185.1 Mil. Therefore, Nicolet Bankshares's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.06.

NIC
67GF Score
Nicolet Bankshares Inc NIC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Nicolet Bankshares 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.

Nicolet Bankshares'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 )
=(8524.875-7792.585)/8796.795
=0.08

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=9185.107 - 660.232
=8524.875

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7927.445 - 134.86 - 0
=7792.585

Nicolet Bankshares'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 )
=(13713.778-13137.645)/9185.107
=0.06

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=15574.49 - 1860.712
=13713.778

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=13317.613 - 179.968 - 0
=13137.645

* 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 0.06 mean?
Nicolet Bankshares (NIC) has a Scaled Net Operating Assets of 0.06 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 Nicolet Bankshares and its competitors.
Is Nicolet Bankshares' Scaled Net Operating Assets too high?
Nicolet Bankshares' current Scaled Net Operating Assets is 0.06. Overall, Nicolet Bankshares has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nicolet Bankshares' Scaled Net Operating Assets compare to BANC and SBCF?
Nicolet Bankshares' Scaled Net Operating Assets of 0.06 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 Nicolet Bankshares and its competitors. Nicolet Bankshares's current Scaled Net Operating Assets is 0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nicolet Bankshares stock overvalued right now?
Based on GuruFocus' analysis, Nicolet Bankshares (NIC) is currently considered Modestly Overvalued. The stock's GF Value™ is $135.23, compared to a current price of $163.25 — trading 20.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.06. Nicolet Bankshares' overall GF Score™ is 67/100 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 Nicolet Bankshares (NIC), the current Scaled Net Operating Assets is 0.06 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 Nicolet Bankshares (NIC) Overvalued in 2026?

Based on GuruFocus' analysis, Nicolet Bankshares stock appears to be overvalued. The current stock price of $163.25 is trading 20.7% above its estimated GF Value™ of $135.23. GuruFocus considers Nicolet Bankshares to be Modestly Overvalued.

Key valuation signals for NIC:

  • Scaled Net Operating Assets: 0.06
  • GF Value™: $135.23 vs. price of $163.25 (20.7% above fair value)
  • GF Score™: 67/100 with 5 warning signs

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

Nicolet Bankshares Business Description

Address 111 North Washington Street, Green Bay, WI, USA, 54301
Nicolet Bankshares Inc is a United States-based bank holding company's principal business is banking, consisting of lending and deposit gathering, as well as ancillary banking-related products and services, to businesses and individuals of the communities it serves, and the operational support to deliver, fund and manage. It offers a variety of loans, deposits, and related services to business customers especially small and medium-sized businesses and professional concerns, business deposit products, cash management services, international banking services, business loans, lines of credit, commercial real estate financing, construction loans, agricultural real estate or production loans, and letters of credit, as well as retirement plan services.
67GF Score

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$163.25
Price
$135.23
GF Value