Ecobank Transnational (NSA:ETI) Scaled Net Operating Assets: -0.15 (As of Mar. 2026)


NSA:ETI Ecobank Transnational Inc NSA:ETI
29 GF Score
Price ₦95.20
GF Value ₦34.81
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Ecobank Transnational Scaled Net Operating Assets?

Ecobank Transnational NSA:ETI 29 Scaled Net Operating Assets is -0.15 as of Mar. 2026. GuruFocus rates NSA:ETI with a GF Score™ of 29/100 and a GF Value™ of ₦34.81 (Significantly 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.

Ecobank Transnational's operating assets for the quarter that ended in Mar. 2026 was ₦34,218,857 Mil. Ecobank Transnational's operating liabilities for the quarter that ended in Mar. 2026 was ₦41,385,160 Mil. Ecobank Transnational's Total Assets for the quarter that ended in Dec. 2025 was ₦46,952,262 Mil. Therefore, Ecobank Transnational's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was -0.15.

NSA:ETI
29GF Score
Ecobank Transnational Inc NSA:ETI
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Ecobank Transnational 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.

Ecobank Transnational'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 )
=(35017601.375-40682764.784)/38059283.896
=-0.15

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=46952261.794 - 11934660.419
=35017601.375

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=43053747.601 - 2370982.817 - 0
=40682764.784

Ecobank Transnational'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 )
=(34218856.894-41385160.17)/46952261.794
=-0.15

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=47863468.009 - 13644611.115
=34218856.894

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=43971548.631 - 2586388.461 - 0
=41385160.17

* 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 -0.15 mean?
Ecobank Transnational (NSA:ETI) has a Scaled Net Operating Assets of -0.15 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 Ecobank Transnational and its competitors.
Is Ecobank Transnational's Scaled Net Operating Assets too high?
Ecobank Transnational's current Scaled Net Operating Assets is -0.15. Overall, Ecobank Transnational has a GF Score™ of 29/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ecobank Transnational's Scaled Net Operating Assets compare to competitors?
Ecobank Transnational's Scaled Net Operating Assets of -0.15 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 Ecobank Transnational and its competitors. Ecobank Transnational's current Scaled Net Operating Assets is -0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ecobank Transnational stock overvalued right now?
Based on GuruFocus' analysis, Ecobank Transnational (NSA:ETI) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦34.81, compared to a current price of ₦95.20 — trading 173.5% above its estimated fair value. The current Scaled Net Operating Assets is -0.15. Ecobank Transnational's overall GF Score™ is 29/100 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 Ecobank Transnational (NSA:ETI), the current Scaled Net Operating Assets is -0.15 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 Ecobank Transnational (NSA:ETI) Overvalued in 2026?

Based on GuruFocus' analysis, Ecobank Transnational stock appears to be overvalued. The current stock price of ₦95.20 is trading 173.5% above its estimated GF Value™ of ₦34.81. GuruFocus considers Ecobank Transnational to be Significantly Overvalued.

Key valuation signals for NSA:ETI:

  • Scaled Net Operating Assets: -0.15
  • GF Value™: ₦34.81 vs. price of ₦95.20 (173.5% above fair value)
  • GF Score™: 29/100 with 6 warning signs

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

Ecobank Transnational Business Description

Other Exchanges ETI:GhanaETIT:Cote d'Ivoire
Address 2365, Boulevard du Mono, Lome, TGO, 3261
Ecobank Transnational Inc is a pan-African banking group. Through its subsidiaries, it provides retail, corporate and investment banking services throughout sub Saharan Africa outside South Africa. The company operates in three principal business reporting segments: Consumer Banking (CSB), Commercial Banking (CMB) and Corporate and Investment Banking (CIB). The majority of the revenue is derived from the Corporate and Investment Banking segment, which provides various financial services, including FICC, cash management, trade, loans and liquidity and securities, wealth, and asset management. Geographically, it derives the maximum revenue from Francophone West Africa (UEMOA), and the rest from Nigeria, Anglophone West Africa (AWA), and Central, Eastern and Southern Africa (CESA).
29GF Score

Get the complete analysis for NSA:ETI

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

₦95.20
Price
₦34.81
GF Value