Dunav osiguranje AD (XBLB:KDVO-R-A) Scaled Net Operating Assets: 0.21 (As of Dec. 2025)

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.

XBLB:KDVO-R-A Dunav osiguranje AD XBLB:KDVO-R-A
19 GF Score
Price BAM34.00
GF Value BAM45.98
! 2 Warning Signs
View Full Analysis

What is Dunav osiguranje AD Scaled Net Operating Assets?

Dunav osiguranje AD XBLB:KDVO-R-A 19 Scaled Net Operating Assets is 0.21 as of Dec. 2025. GuruFocus rates XBLB:KDVO-R-A with a GF Score™ of 19/100 and a GF Value™ of BAM45.98. 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.

Dunav osiguranje AD's operating assets for the quarter that ended in Dec. 2025 was BAM0.76 Mil. Dunav osiguranje AD's operating liabilities for the quarter that ended in Dec. 2025 was BAM0.59 Mil. Dunav osiguranje AD's Total Assets for the quarter that ended in Jun. 2025 was BAM0.81 Mil. Therefore, Dunav osiguranje AD's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.21.

XBLB:KDVO-R-A
19GF Score
Dunav osiguranje AD XBLB:KDVO-R-A
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dunav osiguranje AD 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.

Dunav osiguranje AD'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 )
=(0.763-0.592)/0.775
=0.22

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=0.808 - 0.045
=0.763

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.601 - 0.002 - 0.007
=0.592

Dunav osiguranje AD'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 )
=(0.763-0.592)/0.809
=0.21

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=0.808 - 0.045
=0.763

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.601 - 0.002 - 0.007
=0.592

* 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 0.21 mean?
Dunav osiguranje AD (XBLB:KDVO-R-A) has a Scaled Net Operating Assets of 0.21 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 Dunav osiguranje AD and its competitors.
Is Dunav osiguranje AD's Scaled Net Operating Assets too high?
Dunav osiguranje AD's current Scaled Net Operating Assets is 0.21. Overall, Dunav osiguranje AD has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Dunav osiguranje AD's Scaled Net Operating Assets compare to BRK.A and AIG?
Dunav osiguranje AD's Scaled Net Operating Assets of 0.21 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 Dunav osiguranje AD and its competitors. Dunav osiguranje AD's current Scaled Net Operating Assets is 0.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dunav osiguranje AD stock overvalued right now?
Dunav osiguranje AD (XBLB:KDVO-R-A) has a current Scaled Net Operating Assets of 0.21. The stock's GF Value™ is BAM45.98, compared to a current price of BAM34.00 — trading 26.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.21. Dunav osiguranje AD's overall GF Score™ is 19/100 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 Dunav osiguranje AD (XBLB:KDVO-R-A), the current Scaled Net Operating Assets is 0.21 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 Dunav osiguranje AD (XBLB:KDVO-R-A) Overvalued in 2026?

Based on GuruFocus' analysis, Dunav osiguranje AD stock appears to be undervalued. The current stock price of BAM34.00 is trading 26.1% below its estimated GF Value™ of BAM45.98.

Key valuation signals for XBLB:KDVO-R-A:

  • Scaled Net Operating Assets: 0.21
  • GF Value™: BAM45.98 vs. price of BAM34.00 (26.1% below fair value)
  • GF Score™: 19/100 with 2 warning signs

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

Dunav osiguranje AD Business Description

Address Veselina Maslese 28, Banja Luka, Republika Srpska, BIH, 78000
Dunav osiguranje AD operates in the insurance industry in Bosnia and Herzegovina. The company offers property insurance, motor vehicle insurance, life insurance, travel health insurance, and insurance for agriculture and crops.
19GF Score

Get the complete analysis for XBLB:KDVO-R-A

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

BAM34.00
Price
BAM45.98
GF Value