Fidelity Bank (NSA:FBP) Scaled Net Operating Assets: -0.08 (As of Mar. 2026)


NSA:FBP Fidelity Bank PLC NSA:FBP
71 GF Score
Price ₦18.20
GF Value ₦14.14
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Fidelity Bank Scaled Net Operating Assets?

Fidelity Bank NSA:FBP 71 Scaled Net Operating Assets is -0.08 as of Mar. 2026. GuruFocus rates NSA:FBP with a GF Score™ of 71/100 and a GF Value™ of ₦14.14 (Modestly Overvalued). The stock has 4 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.

Fidelity Bank's operating assets for the quarter that ended in Mar. 2026 was ₦8,100,080 Mil. Fidelity Bank's operating liabilities for the quarter that ended in Mar. 2026 was ₦8,953,099 Mil. Fidelity Bank's Total Assets for the quarter that ended in Dec. 2025 was ₦10,463,815 Mil. Therefore, Fidelity Bank's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was -0.08.

NSA:FBP
71GF Score
Fidelity Bank PLC NSA:FBP
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Fidelity 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.

Fidelity Bank'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 )
=(7489711-8314650)/8821737
=-0.09

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=10463815 - 2974104
=7489711

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9376227 - 1061577 - 0
=8314650

Fidelity 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: Dec. 2025 )
=(8100080-8953099)/10463815
=-0.08

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=11354300 - 3254220
=8100080

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9968002 - 1014903 - 0
=8953099

* 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 -0.08 mean?
Fidelity Bank (NSA:FBP) has a Scaled Net Operating Assets of -0.08 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 Fidelity Bank and its competitors.
Is Fidelity Bank's Scaled Net Operating Assets too high?
Fidelity Bank's current Scaled Net Operating Assets is -0.08. Overall, Fidelity Bank has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fidelity Bank's Scaled Net Operating Assets compare to competitors?
Fidelity Bank's Scaled Net Operating Assets of -0.08 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 Fidelity Bank and its competitors. Fidelity Bank's current Scaled Net Operating Assets is -0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fidelity Bank stock overvalued right now?
Based on GuruFocus' analysis, Fidelity Bank (NSA:FBP) is currently considered Modestly Overvalued. The stock's GF Value™ is ₦14.14, compared to a current price of ₦18.20 — trading 28.7% above its estimated fair value. The current Scaled Net Operating Assets is -0.08. Fidelity Bank's overall GF Score™ is 71/100 with 4 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 Fidelity Bank (NSA:FBP), the current Scaled Net Operating Assets is -0.08 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 Fidelity Bank (NSA:FBP) Overvalued in 2026?

Based on GuruFocus' analysis, Fidelity Bank stock appears to be overvalued. The current stock price of ₦18.20 is trading 28.7% above its estimated GF Value™ of ₦14.14. GuruFocus considers Fidelity Bank to be Modestly Overvalued.

Key valuation signals for NSA:FBP:

  • Scaled Net Operating Assets: -0.08
  • GF Value™: ₦14.14 vs. price of ₦18.20 (28.7% above fair value)
  • GF Score™: 71/100 with 4 warning signs

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

Fidelity Bank Business Description

Address 1 Fidelity Bank Close Off Kofo Abayomi Street, Fidelity Place, Victoria Island, Lagos, NGA
Fidelity Bank PLC offers banking and other financial services to corporate and individual customers. It operates through segments including Retail banking that offers retail, personal and commercial services to individuals, small and medium business customers and E-Business products to serve retail banking; Its Corporate Banking segment offers commercial and corporate banking services to corporate business customers, it covers the Power and Infrastructure, Oil and Gas Upstream and downstream, Real Estate, Agro-Allied, and other industries; and Investment banking segment is involved in the funding and management of the bank's securities, trading, and investment decisions. It generates maximum revenue from the Retail Segment.
71GF 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.

₦18.20
Price
₦14.14
GF Value