SPFI (South Plains Financial) Scaled Net Operating Assets: -0.06 (As of Mar. 2026)


SPFI South Plains Financial Inc SPFI
67 GF Score
Price $43.35
GF Value $40.60
Valuation Fairly Valued
! 4 Warning Signs
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What is South Plains Financial Scaled Net Operating Assets?

South Plains Financial SPFI +1.16% 67 Scaled Net Operating Assets is -0.06 as of Mar. 2026. GuruFocus rates SPFI with a GF Score™ of 67/100 and a GF Value™ of $40.60 (Fairly Valued). The stock has 4 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.

South Plains Financial's operating assets for the quarter that ended in Mar. 2026 was $3,791.2 Mil. South Plains Financial's operating liabilities for the quarter that ended in Mar. 2026 was $4,080.9 Mil. South Plains Financial's Total Assets for the quarter that ended in Dec. 2025 was $4,480.5 Mil. Therefore, South Plains Financial's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was -0.06.

SPFI
67GF Score
South Plains Financial Inc SPFI
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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South Plains Financial 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.

South Plains Financial'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 )
=(3928.061-3926.17)/4232.239
=0.00

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=4480.5 - 552.439
=3928.061

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3986.663 - 60.493 - 0
=3926.17

South Plains Financial'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 )
=(3791.222-4080.942)/4480.5
=-0.06

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=4646.374 - 855.152
=3791.222

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4141.435 - 60.493 - 0
=4080.942

* 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 -0.06 mean?
South Plains Financial (SPFI) has a Scaled Net Operating Assets of -0.06 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 South Plains Financial and its competitors.
Is South Plains Financial's Scaled Net Operating Assets too high?
South Plains Financial's current Scaled Net Operating Assets is -0.06. Overall, South Plains Financial has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does South Plains Financial's Scaled Net Operating Assets compare to CCBG and HTB?
South Plains Financial's Scaled Net Operating Assets of -0.06 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 South Plains Financial and its competitors. South Plains Financial's current Scaled Net Operating Assets is -0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is South Plains Financial stock overvalued right now?
Based on GuruFocus' analysis, South Plains Financial (SPFI) is currently considered Fairly Valued. The stock's GF Value™ is $40.60, compared to a current price of $43.35 — trading 6.8% above its estimated fair value. The current Scaled Net Operating Assets is -0.06. South Plains Financial's overall GF Score™ is 67/100 with 4 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 South Plains Financial (SPFI), the current Scaled Net Operating Assets is -0.06 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 South Plains Financial (SPFI) Overvalued in 2026?

Based on GuruFocus' analysis, South Plains Financial stock appears to be overvalued. The current stock price of $43.35 is trading 6.8% above its estimated GF Value™ of $40.60. GuruFocus considers South Plains Financial to be Fairly Valued.

Key valuation signals for SPFI:

  • Scaled Net Operating Assets: -0.06
  • GF Value™: $40.60 vs. price of $43.35 (6.8% above fair value)
  • GF Score™: 67/100 with 4 warning signs

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

South Plains Financial Business Description

Other Exchanges 4S4:Germany
Address 5219 City Bank Parkway, Lubbock, TX, USA, 79407
South Plains Financial Inc operates as a bank holding company. The company provides a wide range of commercial and consumer financial services to small and medium-sized businesses and individuals. The principal business activities include commercial and retail banking, along with insurance, investment, trust, and mortgage services. The company has one reportable segment: banking. The majority of the company's revenues is derived from interest income and other sources, including loans, securities and derivatives.
67GF 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.

$43.35
Price
$40.60
GF Value