ProCredit Holding AG (XTER:PCZ) Scaled Net Operating Assets: -0.03 (As of Mar. 2026)


XTER:PCZ ProCredit Holding AG XTER:PCZ
64 GF Score
Price €8.16
GF Value €8.99
Valuation Fairly Valued
! 3 Warning Signs
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What is ProCredit Holding AG Scaled Net Operating Assets?

ProCredit Holding AG XTER:PCZ -0.24% 64 Scaled Net Operating Assets is -0.03 as of Mar. 2026. GuruFocus rates XTER:PCZ with a GF Score™ of 64/100 and a GF Value™ of €8.99 (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.

ProCredit Holding AG's operating assets for the quarter that ended in Mar. 2026 was €9,644.4 Mil. ProCredit Holding AG's operating liabilities for the quarter that ended in Mar. 2026 was €10,029.9 Mil. ProCredit Holding AG's Total Assets for the quarter that ended in Dec. 2025 was €11,595.4 Mil. Therefore, ProCredit Holding AG's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was -0.03.

XTER:PCZ
64GF Score
ProCredit Holding AG XTER:PCZ
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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ProCredit Holding AG 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.

ProCredit Holding AG'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 )
=(9429.544-10015.2)/10751.615
=-0.05

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=11595.373 - 2165.829
=9429.544

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=10521.308 - 506.108 - 0
=10015.2

ProCredit Holding AG'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 )
=(9644.374-10029.924)/11595.373
=-0.03

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=11594.757 - 1950.383
=9644.374

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=10502.621 - 472.697 - 0
=10029.924

* 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 -0.03 mean?
ProCredit Holding AG (XTER:PCZ) has a Scaled Net Operating Assets of -0.03 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 ProCredit Holding AG and its competitors.
Is ProCredit Holding AG's Scaled Net Operating Assets too high?
ProCredit Holding AG's current Scaled Net Operating Assets is -0.03. Overall, ProCredit Holding AG has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ProCredit Holding AG's Scaled Net Operating Assets compare to JPM and BAC?
ProCredit Holding AG's Scaled Net Operating Assets of -0.03 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 ProCredit Holding AG and its competitors. ProCredit Holding AG's current Scaled Net Operating Assets is -0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ProCredit Holding AG stock overvalued right now?
Based on GuruFocus' analysis, ProCredit Holding AG (XTER:PCZ) is currently considered Fairly Valued. The stock's GF Value™ is €8.99, compared to a current price of €8.16 — trading 9.2% below its estimated fair value. The current Scaled Net Operating Assets is -0.03. ProCredit Holding AG's overall GF Score™ is 64/100 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 ProCredit Holding AG (XTER:PCZ), the current Scaled Net Operating Assets is -0.03 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 ProCredit Holding AG (XTER:PCZ) Overvalued in 2026?

Based on GuruFocus' analysis, ProCredit Holding AG stock appears to be undervalued. The current stock price of €8.16 is trading 9.2% below its estimated GF Value™ of €8.99. GuruFocus considers ProCredit Holding AG to be Fairly Valued.

Key valuation signals for XTER:PCZ:

  • Scaled Net Operating Assets: -0.03
  • GF Value™: €8.99 vs. price of €8.16 (9.2% below fair value)
  • GF Score™: 64/100 with 3 warning signs

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

ProCredit Holding AG Business Description

Address Rohmerplatz 33-37, Frankfurt, DEU, 60486
ProCredit Holding AG provides financial products and services. It performs general banking functions like accepting deposits, providing loans, current and savings accounts, and other banking services. The company's geographical segments are South-Eastern Europe, consisting of seven banks in the following countries: Albania, Bosnia and Herzegovina, Bulgaria (including branch operations in Greece), Kosovo, North Macedonia, Romania, and Serbia; Eastern Europe, with three banks located in the following countries, Georgia, Moldova, and Ukraine; South America, consisting of one bank in Ecuador; and Germany, consisting of the ProCredit Bank in Germany, ProCredit Holding, Quipu and the ProCredit Academy in Furth.
64GF 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.

€8.16
Price
€8.99
GF Value