Sparebanken More (OSL:MORG) Scaled Net Operating Assets: 0.49 (As of Mar. 2026)


OSL:MORG Sparebanken More OSL:MORG
64 GF Score
Price kr108.30
GF Value kr96.18
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Sparebanken More Scaled Net Operating Assets?

Sparebanken More OSL:MORG -0.04% 64 Scaled Net Operating Assets is 0.49 as of Mar. 2026. GuruFocus rates OSL:MORG with a GF Score™ of 64/100 and a GF Value™ of kr96.18 (Modestly Overvalued). The stock has 8 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.

Sparebanken More's operating assets for the quarter that ended in Mar. 2026 was kr108,588 Mil. Sparebanken More's operating liabilities for the quarter that ended in Mar. 2026 was kr55,190 Mil. Sparebanken More's Total Assets for the quarter that ended in Dec. 2025 was kr109,418 Mil. Therefore, Sparebanken More's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.49.

OSL:MORG
64GF Score
Sparebanken More OSL:MORG
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Sparebanken More 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.

Sparebanken More'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 )
=(108450-54953)/102335
=0.52

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=109418 - 968
=108450

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=100044 - 45091 - 0
=54953

Sparebanken More'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 )
=(108588-55190)/109418
=0.49

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=108873 - 285
=108588

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=99287 - 44097 - 0
=55190

* 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 0.49 mean?
Sparebanken More (OSL:MORG) has a Scaled Net Operating Assets of 0.49 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 Sparebanken More and its competitors.
Is Sparebanken More's Scaled Net Operating Assets too high?
Sparebanken More's current Scaled Net Operating Assets is 0.49. Overall, Sparebanken More has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sparebanken More's Scaled Net Operating Assets compare to competitors?
Sparebanken More's Scaled Net Operating Assets of 0.49 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 Sparebanken More and its competitors. Sparebanken More's current Scaled Net Operating Assets is 0.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sparebanken More stock overvalued right now?
Based on GuruFocus' analysis, Sparebanken More (OSL:MORG) is currently considered Modestly Overvalued. The stock's GF Value™ is kr96.18, compared to a current price of kr108.30 — trading 12.6% above its estimated fair value. The current Scaled Net Operating Assets is 0.49. Sparebanken More's overall GF Score™ is 64/100 with 8 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 Sparebanken More (OSL:MORG), the current Scaled Net Operating Assets is 0.49 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 Sparebanken More (OSL:MORG) Overvalued in 2026?

Based on GuruFocus' analysis, Sparebanken More stock appears to be overvalued. The current stock price of kr108.30 is trading 12.6% above its estimated GF Value™ of kr96.18. GuruFocus considers Sparebanken More to be Modestly Overvalued.

Key valuation signals for OSL:MORG:

  • Scaled Net Operating Assets: 0.49
  • GF Value™: kr96.18 vs. price of kr108.30 (12.6% above fair value)
  • GF Score™: 64/100 with 8 warning signs

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

Sparebanken More Business Description

Other Exchanges 0G40:UKK5X:Germany
Address Kipervikgata 6, Alesund, NOR, 6003
Sparebanken Møre is a Norway-based banking corporation. It engaged in providing retail and commercial banking services to its customers. Products and services provided by the company include deposits, savings accounts, asset management, financial advisory services, payment transfers, foreign exchange and interest trading, insurance, and real estate brokerage. In addition, the company also provides real estate brokerage services for both residential homes and commercial properties. It mainly concentrates on maritime, offshore and supply, real estate, trade, and services, as well as the insurance industries. It firm manages its business into three segments: Corporate, Retail, and Real Estate brokerage. The revenue of the company comprises interest, fees, commission, and other income.
64GF 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.

kr108.30
Price
kr96.18
GF Value