National Reinsurance of the Philippines (PHS:NRCP) Scaled Net Operating Assets: 0.24 (As of Mar. 2026)


PHS:NRCP National Reinsurance Corp of the Philippines PHS:NRCP
50 GF Score
Price ₱0.96
GF Value ₱0.60
Valuation Significantly Overvalued
! 2 Warning Signs
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What is National Reinsurance of the Philippines Scaled Net Operating Assets?

National Reinsurance of the Philippines PHS:NRCP +11.63% 50 Scaled Net Operating Assets is 0.24 as of Mar. 2026. GuruFocus rates PHS:NRCP with a GF Score™ of 50/100 and a GF Value™ of ₱0.60 (Significantly Overvalued). The stock has 2 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.

National Reinsurance of the Philippines's operating assets for the quarter that ended in Mar. 2026 was ₱20,564 Mil. National Reinsurance of the Philippines's operating liabilities for the quarter that ended in Mar. 2026 was ₱15,050 Mil. National Reinsurance of the Philippines's Total Assets for the quarter that ended in Dec. 2025 was ₱22,798 Mil. Therefore, National Reinsurance of the Philippines's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.24.

PHS:NRCP
50GF Score
National Reinsurance Corp of the Philippines PHS:NRCP
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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National Reinsurance of the Philippines 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.

National Reinsurance of the Philippines'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 )
=(22310.844-15064.466)/20861.011
=0.35

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=22797.555 - 486.711
=22310.844

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=15064.466 - 0 - 0
=15064.466

National Reinsurance of the Philippines'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 )
=(20563.944-15049.538)/22797.555
=0.24

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=22883.255 - 2319.311
=20563.944

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=15049.538 - 0 - 0
=15049.538

* 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 0.24 mean?
National Reinsurance of the Philippines (PHS:NRCP) has a Scaled Net Operating Assets of 0.24 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 National Reinsurance of the Philippines and its competitors.
Is National Reinsurance of the Philippines' Scaled Net Operating Assets too high?
National Reinsurance of the Philippines' current Scaled Net Operating Assets is 0.24. Overall, National Reinsurance of the Philippines has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Reinsurance of the Philippines' Scaled Net Operating Assets compare to RGA and EG?
National Reinsurance of the Philippines' Scaled Net Operating Assets of 0.24 can be compared against companies in the Insurance 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 an Insurance company?
A good Scaled Net Operating Assets depends on the Insurance 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 National Reinsurance of the Philippines and its competitors. National Reinsurance of the Philippines's current Scaled Net Operating Assets is 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Reinsurance of the Philippines stock overvalued right now?
Based on GuruFocus' analysis, National Reinsurance of the Philippines (PHS:NRCP) is currently considered Significantly Overvalued. The stock's GF Value™ is ₱0.60, compared to a current price of ₱0.96 — trading 60% above its estimated fair value. The current Scaled Net Operating Assets is 0.24. National Reinsurance of the Philippines' overall GF Score™ is 50/100 with 2 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 National Reinsurance of the Philippines (PHS:NRCP), the current Scaled Net Operating Assets is 0.24 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 National Reinsurance of the Philippines (PHS:NRCP) Overvalued in 2026?

Based on GuruFocus' analysis, National Reinsurance of the Philippines stock appears to be overvalued. The current stock price of ₱0.96 is trading 60% above its estimated GF Value™ of ₱0.60. GuruFocus considers National Reinsurance of the Philippines to be Significantly Overvalued.

Key valuation signals for PHS:NRCP:

  • Scaled Net Operating Assets: 0.24
  • GF Value™: ₱0.60 vs. price of ₱0.96 (60% above fair value)
  • GF Score™: 50/100 with 2 warning signs

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

National Reinsurance of the Philippines Business Description

Address 6811 Ayala Avenue, 31st Floor, BPI AIA, Makati, PHL, 1227
National Reinsurance Corp of the Philippines engages in the provision of reinsurance products and services. It operates through the following businesses: life and non-life. The Life Business includes proportional insurance for individual, ordinary, and group businesses, as well as non-proportional insurance for catastrophe, an excess of loss, and stop loss. Non-Life Business provides insurance on fire, aviation, marine and aviation, casualty, motor, and others.
50GF 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.

₱0.96
Price
₱0.60
GF Value