FCMB Group (NSA:FCMB) Scaled Net Operating Assets: 0.03 (As of Mar. 2026)


NSA:FCMB FCMB Group PLC NSA:FCMB
55 GF Score
Price ₦9.90
GF Value ₦7.30
Valuation Significantly Overvalued
! 5 Warning Signs
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What is FCMB Group Scaled Net Operating Assets?

FCMB Group NSA:FCMB -1.00% 55 Scaled Net Operating Assets is 0.03 as of Mar. 2026. GuruFocus rates NSA:FCMB with a GF Score™ of 55/100 and a GF Value™ of ₦7.30 (Significantly 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.

FCMB Group's operating assets for the quarter that ended in Mar. 2026 was ₦6,153,825 Mil. FCMB Group's operating liabilities for the quarter that ended in Mar. 2026 was ₦5,926,223 Mil. FCMB Group's Total Assets for the quarter that ended in Dec. 2025 was ₦7,630,989 Mil. Therefore, FCMB Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.03.

NSA:FCMB
55GF Score
FCMB Group PLC NSA:FCMB
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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FCMB Group 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.

FCMB Group'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 )
=(6332068.058-6082799.941)/7054165.919
=0.04

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=7630988.779 - 1298920.721
=6332068.058

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6794577.413 - 711777.472 - 0
=6082799.941

FCMB Group'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 )
=(6153825.325-5926222.702)/7630988.779
=0.03

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=7964005.564 - 1810180.239
=6153825.325

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6822138.786 - 895916.084 - 0
=5926222.702

* 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 0.03 mean?
FCMB Group (NSA:FCMB) has a Scaled Net Operating Assets of 0.03 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 FCMB Group and its competitors.
Is FCMB Group's Scaled Net Operating Assets too high?
FCMB Group's current Scaled Net Operating Assets is 0.03. Overall, FCMB Group has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FCMB Group's Scaled Net Operating Assets compare to PNC?
FCMB Group's Scaled Net Operating Assets of 0.03 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 FCMB Group and its competitors. FCMB Group's current Scaled Net Operating Assets is 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FCMB Group stock overvalued right now?
Based on GuruFocus' analysis, FCMB Group (NSA:FCMB) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦7.30, compared to a current price of ₦9.90 — trading 35.6% above its estimated fair value. The current Scaled Net Operating Assets is 0.03. FCMB Group's overall GF Score™ is 55/100 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 FCMB Group (NSA:FCMB), the current Scaled Net Operating Assets is 0.03 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 FCMB Group (NSA:FCMB) Overvalued in 2026?

Based on GuruFocus' analysis, FCMB Group stock appears to be overvalued. The current stock price of ₦9.90 is trading 35.6% above its estimated GF Value™ of ₦7.30. GuruFocus considers FCMB Group to be Significantly Overvalued.

Key valuation signals for NSA:FCMB:

  • Scaled Net Operating Assets: 0.03
  • GF Value™: ₦7.30 vs. price of ₦9.90 (35.6% above fair value)
  • GF Score™: 55/100 with 5 warning signs

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

FCMB Group Business Description

Address 44 Marina, 5th Floor, First City Plaza, Lagos, NGA
FCMB Group PLC provides banking services. Its segments include Investment Banking, Investment Management, SME Banking, Commercial Banking, Corporate Banking, Personal Banking, Institutional Banking, and Treasury and Financial Markets. The majority of the revenue is derived from Corporate Banking which incorporates direct debit facilities, current accounts, deposits, overdrafts, loan and other credit facilities, foreign currency and derivative products. The corporate banking business unit caters for the specific needs of companies and financial institutions. It operates in two geographic regions, being: Nigeria and Europe (UK).
55GF Score

Get the complete analysis for NSA:FCMB

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₦9.90
Price
₦7.30
GF Value