ZION (Zions Bancorp NA) Scaled Net Operating Assets: -0.03 (As of Mar. 2026)


ZION Zions Bancorp NA ZION
66 GF Score
Price $68.31
GF Value $53.85
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Zions Bancorp NA Scaled Net Operating Assets?

Zions Bancorp NA ZION -0.28% 66 Scaled Net Operating Assets is -0.03 as of Mar. 2026. GuruFocus rates ZION with a GF Score™ of 66/100 and a GF Value™ of $53.85 (Modestly Overvalued). The stock has 6 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.

Zions Bancorp NA's operating assets for the quarter that ended in Mar. 2026 was $76,341 Mil. Zions Bancorp NA's operating liabilities for the quarter that ended in Mar. 2026 was $78,698 Mil. Zions Bancorp NA's Total Assets for the quarter that ended in Dec. 2025 was $88,990 Mil. Therefore, Zions Bancorp NA's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was -0.03.

ZION
66GF Score
Zions Bancorp NA ZION
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Zions Bancorp NA 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.

Zions Bancorp NA'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 )
=(86105-78338)/88775
=0.09

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=88990 - 2885
=86105

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=81810 - 1472 - 2000
=78338

Zions Bancorp NA'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 )
=(76341-78698)/88990
=-0.03

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=87957 - 11616
=76341

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=80661 - 1963 - 0
=78698

* 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?
Zions Bancorp NA (ZION) 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 Zions Bancorp NA and its competitors.
Is Zions Bancorp NA's Scaled Net Operating Assets too high?
Zions Bancorp NA's current Scaled Net Operating Assets is -0.03. Overall, Zions Bancorp NA has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zions Bancorp NA's Scaled Net Operating Assets compare to SSB and ONB?
Zions Bancorp NA'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 Zions Bancorp NA and its competitors. Zions Bancorp NA'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 Zions Bancorp NA stock overvalued right now?
Based on GuruFocus' analysis, Zions Bancorp NA (ZION) is currently considered Modestly Overvalued. The stock's GF Value™ is $53.85, compared to a current price of $68.31 — trading 26.9% above its estimated fair value. The current Scaled Net Operating Assets is -0.03. Zions Bancorp NA's overall GF Score™ is 66/100 with 6 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 Zions Bancorp NA (ZION), 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 Zions Bancorp NA (ZION) Overvalued in 2026?

Based on GuruFocus' analysis, Zions Bancorp NA stock appears to be overvalued. The current stock price of $68.31 is trading 26.9% above its estimated GF Value™ of $53.85. GuruFocus considers Zions Bancorp NA to be Modestly Overvalued.

Key valuation signals for ZION:

  • Scaled Net Operating Assets: -0.03
  • GF Value™: $53.85 vs. price of $68.31 (26.9% above fair value)
  • GF Score™: 66/100 with 6 warning signs

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

Zions Bancorp NA Business Description

Address One South Main Street, Salt Lake City, UT, USA, 84133-1109
Zions Bancorp is a US regional bank with around $90 billion in total assets as of March 31, 2026. Headquartered in Salt Lake City, Utah, Zions' branch network is in the Western and Southwestern United States and includes seven affiliate banks in these markets. The bank has a heavy focus on small and midsize commercial banking.
66GF 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.

$68.31
Price
$53.85
GF Value