National Bank Co (XPAE:TNB) Scaled Net Operating Assets: -0.13 (As of Mar. 2026)

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XPAE:TNB National Bank Co Ltd XPAE:TNB
61 GF Score
Price $1.32
GF Value $1.32
Valuation Fairly Valued
! 3 Warning Signs
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What is National Bank Co Scaled Net Operating Assets?

National Bank Co XPAE:TNB 61 Scaled Net Operating Assets is -0.13 as of Mar. 2026. GuruFocus rates XPAE:TNB with a GF Score™ of 61/100 and a GF Value™ of $1.32 (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.

National Bank Co's operating assets for the quarter that ended in Mar. 2026 was $976.63 Mil. National Bank Co's operating liabilities for the quarter that ended in Mar. 2026 was $1,171.26 Mil. National Bank Co's Total Assets for the quarter that ended in Dec. 2025 was $1,475.89 Mil. Therefore, National Bank Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was -0.13.

XPAE:TNB
61GF Score
National Bank Co Ltd XPAE:TNB
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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National Bank 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.

National Bank 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 )
=(1009.876-1281.222)/1380.63
=-0.20

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1475.887 - 466.011
=1009.876

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1311.874 - 30.652 - 0
=1281.222

National Bank 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 )
=(976.627-1171.255)/1475.887
=-0.13

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1435.081 - 458.454
=976.627

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1270.196 - 98.941 - 0
=1171.255

* 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 -0.13 mean?
National Bank Co (XPAE:TNB) has a Scaled Net Operating Assets of -0.13 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 National Bank Co and its competitors.
Is National Bank Co's Scaled Net Operating Assets too high?
National Bank Co's current Scaled Net Operating Assets is -0.13. Overall, National Bank Co has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does National Bank Co's Scaled Net Operating Assets compare to PNC and USB?
National Bank Co's Scaled Net Operating Assets of -0.13 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 National Bank Co and its competitors. National Bank Co's current Scaled Net Operating Assets is -0.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Bank Co stock overvalued right now?
Based on GuruFocus' analysis, National Bank Co (XPAE:TNB) is currently considered Fairly Valued. The stock's GF Value™ is $1.32, compared to a current price of $1.32 — trading right at its estimated fair value. The current Scaled Net Operating Assets is -0.13. National Bank Co's overall GF Score™ is 61/100 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 National Bank Co (XPAE:TNB), the current Scaled Net Operating Assets is -0.13 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 National Bank Co (XPAE:TNB) Overvalued in 2026?

Based on GuruFocus' analysis, National Bank Co stock appears to be undervalued. The current stock price of $1.32 is trading 0% below its estimated GF Value™ of $1.32. GuruFocus considers National Bank Co to be Fairly Valued.

Key valuation signals for XPAE:TNB:

  • Scaled Net Operating Assets: -0.13
  • GF Value™: $1.32 vs. price of $1.32 (0% below fair value)
  • GF Score™: 61/100 with 3 warning signs

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


National Bank Co Business Description

Address Al-Masyoun, Ramallah, PSE
National Bank Co Ltd is a Bank operating in two business sectors commercial banking sector, and the Islamic banking sector. The bank has four business segments: Retail accounts Include handling individual customers' deposits and providing consumer-type loans, overdrafts, credit card facilities, and other services, Corporate and institution account Includes handling loans, credit facilities, deposits, and current accounts for corporate and institutional customers, Public sector accounts Includes handling loans, credit facilities, deposits, and current accounts for the public sector, and Treasury Includes providing trading and treasury services and managing the Bank's funds and investments.
61GF Score

Get the complete analysis for XPAE:TNB

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

$1.32
Price
$1.32
GF Value