WBKCY (Westpac Banking) Scaled Net Operating Assets: 0.23 (As of Mar. 2026)


WBKCY Westpac Banking Corp WBKCY
46 GF Score
Price $51.67
GF Value $50.87
Valuation Fairly Valued
! 3 Warning Signs
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What is Westpac Banking Scaled Net Operating Assets?

Westpac Banking WBKCY +2.68% 46 Scaled Net Operating Assets is 0.23 as of Mar. 2026. GuruFocus rates WBKCY with a GF Score™ of 46/100 and a GF Value™ of $50.87 (Fairly Valued). 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.

Westpac Banking's operating assets for the quarter that ended in Mar. 2026 was $785,328 Mil. Westpac Banking's operating liabilities for the quarter that ended in Mar. 2026 was $614,599 Mil. Westpac Banking's Total Assets for the quarter that ended in Sep. 2025 was $742,319 Mil. Therefore, Westpac Banking's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.23.

WBKCY
46GF Score
Westpac Banking Corp WBKCY
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Westpac Banking 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.

Westpac Banking's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Sep. 2025 )
=(Operating Assets (A: Sep. 2025 )-Operating Liabilities (A: Sep. 2025 ))/Total Assets (A: Sep. 2024 )
=(708704.485-554676.121)/729549.086
=0.21

where

Operating Assets(A: Sep. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=742319.261 - 33614.776
=708704.485

Operating Liabilities(A: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=694104.881 - 119658.311 - 19770.449
=554676.121

Westpac Banking'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: Sep. 2025 )
=(785327.719-614598.596)/742319.261
=0.23

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=822865.263 - 37537.544
=785327.719

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=772990.877 - 158392.281 - 0
=614598.596

* 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 0.23 mean?
Westpac Banking (WBKCY) has a Scaled Net Operating Assets of 0.23 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 Westpac Banking and its competitors.
Is Westpac Banking's Scaled Net Operating Assets too high?
Westpac Banking's current Scaled Net Operating Assets is 0.23. Overall, Westpac Banking has a GF Score™ of 46/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Westpac Banking's Scaled Net Operating Assets compare to JPM and BAC?
Westpac Banking's Scaled Net Operating Assets of 0.23 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 Westpac Banking and its competitors. Westpac Banking's current Scaled Net Operating Assets is 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Westpac Banking stock overvalued right now?
Based on GuruFocus' analysis, Westpac Banking (WBKCY) is currently considered Fairly Valued. The stock's GF Value™ is $50.87, compared to a current price of $51.67 — trading 1.6% above its estimated fair value. The current Scaled Net Operating Assets is 0.23. Westpac Banking's overall GF Score™ is 46/100 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 Westpac Banking (WBKCY), the current Scaled Net Operating Assets is 0.23 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 Westpac Banking (WBKCY) Overvalued in 2026?

Based on GuruFocus' analysis, Westpac Banking stock appears to be overvalued. The current stock price of $51.67 is trading 1.6% above its estimated GF Value™ of $50.87. GuruFocus considers Westpac Banking to be Fairly Valued.

Key valuation signals for WBKCY:

  • Scaled Net Operating Assets: 0.23
  • GF Value™: $50.87 vs. price of $51.67 (1.6% above fair value)
  • GF Score™: 46/100 with 3 warning signs

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

Westpac Banking Business Description

Address 275 Kent Street, Level 18, Sydney, NSW, AUS, 2000
Westpac is Australia's oldest bank and financial services group, with a significant franchise in Australia and New Zealand in the consumer, small business, corporate, and institutional sectors, in addition to its major presence in wealth management. Westpac is among a handful of banks around the globe currently retaining very high credit ratings. The bank benefits from a large national branch network and significant market share, particularly in home loans and retail deposits.
46GF 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.

$51.67
Price
$50.87
GF Value