New China Life Insurance Co (STU:NCL) Scaled Net Operating Assets: 0.06 (As of Mar. 2026)


STU:NCL New China Life Insurance Co Ltd STU:NCL
63 GF Score
Price €5.25
GF Value €3.89
Valuation Significantly Overvalued
! 3 Warning Signs
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What is New China Life Insurance Co Scaled Net Operating Assets?

New China Life Insurance Co STU:NCL +1.94% 63 Scaled Net Operating Assets is 0.06 as of Mar. 2026. GuruFocus rates STU:NCL with a GF Score™ of 63/100 and a GF Value™ of €3.89 (Significantly Overvalued). The stock has 3 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.

New China Life Insurance Co's operating assets for the quarter that ended in Mar. 2026 was €228,106 Mil. New China Life Insurance Co's operating liabilities for the quarter that ended in Mar. 2026 was €214,507 Mil. New China Life Insurance Co's Total Assets for the quarter that ended in Dec. 2025 was €230,316 Mil. Therefore, New China Life Insurance Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.06.

STU:NCL
63GF Score
New China Life Insurance Co Ltd STU:NCL
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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New China Life Insurance Co 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.

New China Life Insurance Co'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 )
=(225111.184-214264.614)/221976.408
=0.05

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=230315.671 - 5204.487
=225111.184

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=216786.649 - 2522.035 - 0
=214264.614

New China Life Insurance Co'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 )
=(228105.801-214507.098)/230315.671
=0.06

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=232644.6 - 4538.799
=228105.801

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=217133.06 - 2625.962 - 0
=214507.098

* 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?
New China Life Insurance Co (STU:NCL) 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 New China Life Insurance Co and its competitors.
Is New China Life Insurance Co's Scaled Net Operating Assets too high?
New China Life Insurance Co's current Scaled Net Operating Assets is 0.06. Overall, New China Life Insurance Co has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does New China Life Insurance Co's Scaled Net Operating Assets compare to AFL and MET?
New China Life Insurance Co's Scaled Net Operating Assets of 0.06 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 New China Life Insurance Co and its competitors. New China Life Insurance Co'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 New China Life Insurance Co stock overvalued right now?
Based on GuruFocus' analysis, New China Life Insurance Co (STU:NCL) is currently considered Significantly Overvalued. The stock's GF Value™ is €3.89, compared to a current price of €5.25 — trading 35% above its estimated fair value. The current Scaled Net Operating Assets is 0.06. New China Life Insurance Co's overall GF Score™ is 63/100 with 3 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 New China Life Insurance Co (STU:NCL), 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 New China Life Insurance Co (STU:NCL) Overvalued in 2026?

Based on GuruFocus' analysis, New China Life Insurance Co stock appears to be overvalued. The current stock price of €5.25 is trading 35% above its estimated GF Value™ of €3.89. GuruFocus considers New China Life Insurance Co to be Significantly Overvalued.

Key valuation signals for STU:NCL:

  • Scaled Net Operating Assets: 0.06
  • GF Value™: €3.89 vs. price of €5.25 (35% above fair value)
  • GF Score™: 63/100 with 3 warning signs

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

New China Life Insurance Co Business Description

Address A12 Jianguomenwai Avenue, New China Insurance Tower, Chaoyang District, Beijing, CHN, 100022
New China Life Insurance Co Ltd is headquartered in Beijing and was established in 1996 by a combination of state-owned enterprises and private firms. It is currently the fourth-largest life insurer in China based on total assets. New China Life offers a wide range of life insurance products and services to both individual and institutional customers through its extensive distribution networks and diverse marketing channels. Additionally, it manages and invests insurance funds through its subsidiaries, including its Asset Management Company and Asset Management Company (Hong Kong).
63GF Score

Get the complete analysis for STU:NCL

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

€5.25
Price
€3.89
GF Value