Big Banc Split (TSX:BNK) Scaled Net Operating Assets: 0.66 (As of Dec. 2025)

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TSX:BNK Big Banc Split Corp TSX:BNK
51 GF Score
Price C$18.55
GF Value C$41.39
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Big Banc Split Scaled Net Operating Assets?

Big Banc Split TSX:BNK +0.98% 51 Scaled Net Operating Assets is 0.66 as of Dec. 2025. GuruFocus rates TSX:BNK with a GF Score™ of 51/100 and a GF Value™ of C$41.39 (Significantly Undervalued). 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.

Big Banc Split's operating assets for the quarter that ended in Dec. 2025 was C$37.08 Mil. Big Banc Split's operating liabilities for the quarter that ended in Dec. 2025 was C$16.24 Mil. Big Banc Split's Total Assets for the quarter that ended in Jun. 2025 was C$31.42 Mil. Therefore, Big Banc Split's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.66.

TSX:BNK
51GF Score
Big Banc Split Corp TSX:BNK
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Big Banc Split 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.

Big Banc Split'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 )
=(37.084-16.236)/30.401
=0.69

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=39.119 - 2.035
=37.084

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=16.236 - 0 - 0
=16.236

Big Banc Split's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(37.084-16.236)/31.415
=0.66

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=39.119 - 2.035
=37.084

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=16.236 - 0 - 0
=16.236

* 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 0.66 mean?
Big Banc Split (TSX:BNK) has a Scaled Net Operating Assets of 0.66 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Big Banc Split and its competitors.
Is Big Banc Split's Scaled Net Operating Assets too high?
Big Banc Split's current Scaled Net Operating Assets is 0.66. Overall, Big Banc Split has a GF Score™ of 51/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Big Banc Split's Scaled Net Operating Assets compare to BLK and BX?
Big Banc Split's Scaled Net Operating Assets of 0.66 can be compared against companies in the Asset Management 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 Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management 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 Big Banc Split and its competitors. Big Banc Split's current Scaled Net Operating Assets is 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Big Banc Split stock overvalued right now?
Based on GuruFocus' analysis, Big Banc Split (TSX:BNK) is currently considered Significantly Undervalued. The stock's GF Value™ is C$41.39, compared to a current price of C$18.55 — trading 55.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.66. Big Banc Split's overall GF Score™ is 51/100 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 Big Banc Split (TSX:BNK), the current Scaled Net Operating Assets is 0.66 as of Dec. 2025. 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 Big Banc Split (TSX:BNK) Overvalued in 2026?

Based on GuruFocus' analysis, Big Banc Split stock appears to be undervalued. The current stock price of C$18.55 is trading 55.2% below its estimated GF Value™ of C$41.39. GuruFocus considers Big Banc Split to be Significantly Undervalued.

Key valuation signals for TSX:BNK:

  • Scaled Net Operating Assets: 0.66
  • GF Value™: C$41.39 vs. price of C$18.55 (55.2% below fair value)
  • GF Score™: 51/100 with 2 warning signs

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

Big Banc Split Business Description

Other Exchanges BNK.PR.A.PFD:Canada
Address 130 Adelaide Street West, Suite 3100, P.O. Box 109, Toronto, ON, CAN, M5H 3P5
Big Banc Split Corp is a mutual fund corporation. Its investment objectives include providing its holders with regular monthly non-cumulative and cumulative cash distributions to its Class A and preference shareholders. The fund invests on an approximately equally-weighted basis in a portfolio of equity securities of the following publicly traded Canadian banks: Bank of Montreal; Canadian Imperial Bank of Commerce; National Bank of Canada; Royal Bank of Canada; The Bank of Nova Scotia; and The Toronto-Dominion Bank.
51GF Score

Get the complete analysis for TSX:BNK

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

C$18.55
Price
C$41.39
GF Value