Komercijalna Banka AD Skopje (XMAE:KMB) Scaled Net Operating Assets: -0.21 (As of Sep. 2025)

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XMAE:KMB Komercijalna Banka AD Skopje XMAE:KMB
60 GF Score
Price MKD26,300.00
GF Value MKD28,030.39
Valuation Fairly Valued
! 3 Warning Signs
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What is Komercijalna Banka AD Skopje Scaled Net Operating Assets?

Komercijalna Banka AD Skopje XMAE:KMB +1.15% 60 Scaled Net Operating Assets is -0.21 as of Sep. 2025. GuruFocus rates XMAE:KMB with a GF Score™ of 60/100 and a GF Value™ of MKD28,030.39 (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.

Komercijalna Banka AD Skopje's operating assets for the quarter that ended in Sep. 2025 was MKD123,701 Mil. Komercijalna Banka AD Skopje's operating liabilities for the quarter that ended in Sep. 2025 was MKD161,363 Mil. Komercijalna Banka AD Skopje's Total Assets for the quarter that ended in Jun. 2025 was MKD181,725 Mil. Therefore, Komercijalna Banka AD Skopje's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2025 was -0.21.

XMAE:KMB
60GF Score
Komercijalna Banka AD Skopje XMAE:KMB
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Komercijalna Banka AD Skopje 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.

Komercijalna Banka AD Skopje's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2024 )
=(Operating Assets (A: Dec. 2024 )-Operating Liabilities (A: Dec. 2024 ))/Total Assets (A: Dec. 2023 )
=(117588.288-156277.803)/163681.337
=-0.24

where

Operating Assets(A: Dec. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=178719.788 - 61131.5
=117588.288

Operating Liabilities(A: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=157734.628 - 1456.825 - 0
=156277.803

Komercijalna Banka AD Skopje's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2025 )
=(Operating Assets (Q: Sep. 2025 )-Operating Liabilities (Q: Sep. 2025 ))/Total Assets (Q: Jun. 2025 )
=(123700.717-161363.408)/181724.857
=-0.21

where

Operating Assets(Q: Sep. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=186736.227 - 63035.51
=123700.717

Operating Liabilities(Q: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=164487.521 - 3124.113 - 0
=161363.408

* 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?
Komercijalna Banka AD Skopje (XMAE:KMB) has a Scaled Net Operating Assets of -0.21 as of Sep. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Komercijalna Banka AD Skopje and its competitors.
Is Komercijalna Banka AD Skopje's Scaled Net Operating Assets too high?
Komercijalna Banka AD Skopje's current Scaled Net Operating Assets is -0.21. Overall, Komercijalna Banka AD Skopje has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Komercijalna Banka AD Skopje's Scaled Net Operating Assets compare to PNC and USB?
Komercijalna Banka AD Skopje's Scaled Net Operating Assets of -0.21 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 Komercijalna Banka AD Skopje and its competitors. Komercijalna Banka AD Skopje'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 Komercijalna Banka AD Skopje stock overvalued right now?
Based on GuruFocus' analysis, Komercijalna Banka AD Skopje (XMAE:KMB) is currently considered Fairly Valued. The stock's GF Value™ is MKD28,030.39, compared to a current price of MKD26,300.00 — trading 6.2% below its estimated fair value. The current Scaled Net Operating Assets is -0.21. Komercijalna Banka AD Skopje's overall GF Score™ is 60/100 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 Komercijalna Banka AD Skopje (XMAE:KMB), the current Scaled Net Operating Assets is -0.21 as of Sep. 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 Komercijalna Banka AD Skopje (XMAE:KMB) Overvalued in 2026?

Based on GuruFocus' analysis, Komercijalna Banka AD Skopje stock appears to be undervalued. The current stock price of MKD26,300.00 is trading 6.2% below its estimated GF Value™ of MKD28,030.39. GuruFocus considers Komercijalna Banka AD Skopje to be Fairly Valued.

Key valuation signals for XMAE:KMB:

  • Scaled Net Operating Assets: -0.21
  • GF Value™: MKD28,030.39 vs. price of MKD26,300.00 (6.2% below fair value)
  • GF Score™: 60/100 with 3 warning signs

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

Komercijalna Banka AD Skopje Business Description

Address St.Orce Nikolov Street no. 3, P.O. Box 563, Skopje, MKD, 1000
Komercijalna Banka AD Skopje is a commercial bank. The principal activities of the bank are - collecting deposits, placing loans and advances domestically and abroad, factoring and financing commercial transactions, foreign exchange operations, fast money transfer, trading with foreign currencies, trading with securities, services of a bank-custodian of investment and pension funds, intermediating in selling insurance policies, data collection and analysis of company's credit rating, and many others. It operates in the Republic of Macedonia, Europe, and other EU member countries.
60GF Score

Get the complete analysis for XMAE:KMB

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

MKD26,300.00
Price
MKD28,030.39
GF Value