First Abacus Financial Holdings (PHS:FAF) Scaled Net Operating Assets: 0.65 (As of Mar. 2026)


PHS:FAF First Abacus Financial Holdings Corp PHS:FAF
19 GF Score
Price ₱0.60
GF Value ₱0.65
Valuation Fairly Valued
! 6 Warning Signs
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What is First Abacus Financial Holdings Scaled Net Operating Assets?

First Abacus Financial Holdings PHS:FAF 19 Scaled Net Operating Assets is 0.65 as of Mar. 2026. GuruFocus rates PHS:FAF with a GF Score™ of 19/100 and a GF Value™ of ₱0.65 (Fairly Valued). The stock has 6 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.

First Abacus Financial Holdings's operating assets for the quarter that ended in Mar. 2026 was ₱6,024.6 Mil. First Abacus Financial Holdings's operating liabilities for the quarter that ended in Mar. 2026 was ₱1,061.6 Mil. First Abacus Financial Holdings's Total Assets for the quarter that ended in Dec. 2025 was ₱7,587.7 Mil. Therefore, First Abacus Financial Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.65.


First Abacus Financial Holdings Scaled Net Operating Assets Historical Data

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The historical data trend for First Abacus Financial Holdings's Scaled Net Operating Assets can be seen below:

* 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.

First Abacus Financial Holdings Scaled Net Operating Assets Chart

First Abacus Financial Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.76 0.72 0.59 0.71 0.64

First Abacus Financial Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.65 0.66 0.63 0.66 0.65

PHS:FAF vs MS, GS, SCHW: Scaled Net Operating Assets Comparison

For the Capital Markets subindustry, First Abacus Financial Holdings's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


First Abacus Financial Holdings Scaled Net Operating Assets vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, First Abacus Financial Holdings's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where First Abacus Financial Holdings's Scaled Net Operating Assets falls into.


PHS:FAF
19GF Score
First Abacus Financial Holdings Corp PHS:FAF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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First Abacus Financial Holdings 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.

First Abacus Financial Holdings'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 )
=(5932.034-968.405)/7758.507
=0.64

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=7587.726 - 1655.692
=5932.034

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7481.323 - 0.09 - 6512.828
=968.405

First Abacus Financial Holdings'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 )
=(6024.635-1061.562)/7587.726
=0.65

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=7921.024 - 1896.389
=6024.635

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7867.144 - 0 - 6805.582
=1061.562

* 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 0.65 mean?
First Abacus Financial Holdings (PHS:FAF) has a Scaled Net Operating Assets of 0.65 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 First Abacus Financial Holdings and its competitors.
Is First Abacus Financial Holdings' Scaled Net Operating Assets too high?
First Abacus Financial Holdings' current Scaled Net Operating Assets is 0.65. Overall, First Abacus Financial Holdings has a GF Score™ of 19/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does First Abacus Financial Holdings' Scaled Net Operating Assets compare to MS and GS?
First Abacus Financial Holdings' Scaled Net Operating Assets of 0.65 can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Scaled Net Operating Assets depends on the Capital Markets 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 First Abacus Financial Holdings and its competitors. First Abacus Financial Holdings's current Scaled Net Operating Assets is 0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Abacus Financial Holdings stock overvalued right now?
Based on GuruFocus' analysis, First Abacus Financial Holdings (PHS:FAF) is currently considered Fairly Valued. The stock's GF Value™ is ₱0.65, compared to a current price of ₱0.60 — trading 7.7% below its estimated fair value. The current Scaled Net Operating Assets is 0.65. First Abacus Financial Holdings' overall GF Score™ is 19/100 with 6 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 First Abacus Financial Holdings (PHS:FAF), the current Scaled Net Operating Assets is 0.65 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 First Abacus Financial Holdings (PHS:FAF) Overvalued in 2026?

Based on GuruFocus' analysis, First Abacus Financial Holdings stock appears to be undervalued. The current stock price of ₱0.60 is trading 7.7% below its estimated GF Value™ of ₱0.65. GuruFocus considers First Abacus Financial Holdings to be Fairly Valued.

Key valuation signals for PHS:FAF:

  • Scaled Net Operating Assets: 0.65
  • GF Value™: ₱0.65 vs. price of ₱0.60 (7.7% below fair value)
  • GF Score™: 19/100 with 6 warning signs

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


First Abacus Financial Holdings Business Description

Address Exchange Road, Unit 2904-A East Tower, Ortigas Center, Philippine Stock Exchange Center, Pasig, PHL, 1605
First Abacus Financial Holdings Corp is involved in providing management advisory services as well as purchasing, selling and assigning accounts receivable, negotiable instruments and other evidences of indebtedness for the payment of money owed by any entity. The company has three segments Securities brokerage handles buying and selling of shares of stock, bonds and other securities; Investment house provides services which include underwriting of financial instruments and management fees from financial and management advisory services; Leasing and others includes leasing of condominium units and other segment activities, none of which constitute a separately reportable segment. It generates majority of revenue from Securities brokerage.
19GF Score

Get the complete analysis for PHS:FAF

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

₱0.60
Price
₱0.65
GF Value