SBRKF (SpareBank 1 Sor Norge ASA) Scaled Net Operating Assets: 0.54 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SBRKF SpareBank 1 Sor Norge ASA SBRKF
62 GF Score
Price $20.83
GF Value $16.60
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is SpareBank 1 Sor Norge ASA Scaled Net Operating Assets?

SpareBank 1 Sor Norge ASA SBRKF 62 Scaled Net Operating Assets is 0.54 as of Mar. 2026. GuruFocus rates SBRKF with a GF Score™ of 62/100 and a GF Value™ of $16.60 (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.

SpareBank 1 Sor Norge ASA's operating assets for the quarter that ended in Mar. 2026 was $53,767 Mil. SpareBank 1 Sor Norge ASA's operating liabilities for the quarter that ended in Mar. 2026 was $26,426 Mil. SpareBank 1 Sor Norge ASA's Total Assets for the quarter that ended in Dec. 2025 was $50,763 Mil. Therefore, SpareBank 1 Sor Norge ASA's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.54.

SBRKF
62GF Score
SpareBank 1 Sor Norge ASA SBRKF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SpareBank 1 Sor Norge ASA 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.

SpareBank 1 Sor Norge ASA'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 )
=(50750.774-23946.512)/42720.046
=0.63

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=50762.746 - 11.972
=50750.774

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=45271.844 - 21325.332 - 0
=23946.512

SpareBank 1 Sor Norge ASA'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 )
=(53766.798-26425.776)/50762.746
=0.54

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=53779.326 - 12.528
=53766.798

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=47941.731 - 21515.955 - 0
=26425.776

* 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 0.54 mean?
SpareBank 1 Sor Norge ASA (SBRKF) has a Scaled Net Operating Assets of 0.54 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 SpareBank 1 Sor Norge ASA and its competitors.
Is SpareBank 1 Sor Norge ASA's Scaled Net Operating Assets too high?
SpareBank 1 Sor Norge ASA's current Scaled Net Operating Assets is 0.54. Overall, SpareBank 1 Sor Norge ASA has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SpareBank 1 Sor Norge ASA's Scaled Net Operating Assets compare to competitors?
SpareBank 1 Sor Norge ASA's Scaled Net Operating Assets of 0.54 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 SpareBank 1 Sor Norge ASA and its competitors. SpareBank 1 Sor Norge ASA's current Scaled Net Operating Assets is 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SpareBank 1 Sor Norge ASA stock overvalued right now?
Based on GuruFocus' analysis, SpareBank 1 Sor Norge ASA (SBRKF) is currently considered Modestly Overvalued. The stock's GF Value™ is $16.60, compared to a current price of $20.83 — trading 25.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.54. SpareBank 1 Sor Norge ASA's overall GF Score™ is 62/100 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 SpareBank 1 Sor Norge ASA (SBRKF), the current Scaled Net Operating Assets is 0.54 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 SpareBank 1 Sor Norge ASA (SBRKF) Overvalued in 2026?

Based on GuruFocus' analysis, SpareBank 1 Sor Norge ASA stock appears to be overvalued. The current stock price of $20.83 is trading 25.5% above its estimated GF Value™ of $16.60. GuruFocus considers SpareBank 1 Sor Norge ASA to be Modestly Overvalued.

Key valuation signals for SBRKF:

  • Scaled Net Operating Assets: 0.54
  • GF Value™: $16.60 vs. price of $20.83 (25.5% above fair value)
  • GF Score™: 62/100 with 8 warning signs

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

SpareBank 1 Sor Norge ASA Business Description

Address Christen Tranes Gate 35, Stavanger, NOR, 4007
SpareBank 1 Sor Norge ASA is a regional bank engaged in selling and procuring a wide range of financial products and services, including investment services, leasing, estate agency, and accounting services. The company's reportable segments are Retail market, which generates maximum revenue, Corporate market, SME and agriculture, and Other.
62GF Score

Get the complete analysis for SBRKF

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

$20.83
Price
$16.60
GF Value