ACGP (Associated Capital Group) Scaled Net Operating Assets: 0.58 (As of Mar. 2026)


ACGP Associated Capital Group Inc ACGP
53 GF Score
Price $36.00
GF Value $78.31
Valuation Possible Value Trap
! 6 Warning Signs
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What is Associated Capital Group Scaled Net Operating Assets?

Associated Capital Group ACGP 53 Scaled Net Operating Assets is 0.58 as of Mar. 2026. GuruFocus rates ACGP with a GF Score™ of 53/100 and a GF Value™ of $78.31 (Possible Value Trap). 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.

Associated Capital Group's operating assets for the quarter that ended in Mar. 2026 was $602.23 Mil. Associated Capital Group's operating liabilities for the quarter that ended in Mar. 2026 was $30.33 Mil. Associated Capital Group's Total Assets for the quarter that ended in Dec. 2025 was $979.25 Mil. Therefore, Associated Capital Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.58.


Associated Capital Group Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Associated Capital Group's Scaled Net Operating Assets can be seen below:

* 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.

Associated Capital Group Scaled Net Operating Assets Chart

Associated Capital Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.47 0.41 0.55 0.56 0.60

Associated Capital Group Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Dec25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.54 0.59 0.57 0.59 0.58

ACGP vs THQ, FFC, NMFC: Scaled Net Operating Assets Comparison

For the Asset Management subindustry, Associated Capital Group's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Associated Capital Group Scaled Net Operating Assets vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Associated Capital Group's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Associated Capital Group's Scaled Net Operating Assets falls into.


ACGP
53GF Score
Associated Capital Group Inc ACGP
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Associated Capital Group 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.

Associated Capital Group'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 )
=(613.904-48.902)/935.289
=0.60

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=979.246 - 365.342
=613.904

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=48.902 - 0 - 0
=48.902

Associated Capital Group'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 )
=(602.225-30.33)/979.246
=0.58

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=955.828 - 353.603
=602.225

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=30.33 - 0 - 0
=30.33

* 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 0.58 mean?
Associated Capital Group (ACGP) has a Scaled Net Operating Assets of 0.58 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 Associated Capital Group and its competitors.
Is Associated Capital Group's Scaled Net Operating Assets too high?
Associated Capital Group's current Scaled Net Operating Assets is 0.58. Overall, Associated Capital Group has a GF Score™ of 53/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Associated Capital Group's Scaled Net Operating Assets compare to THQ and FFC?
Associated Capital Group's Scaled Net Operating Assets of 0.58 can be compared against companies in the Asset Management 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 an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management 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 Associated Capital Group and its competitors. Associated Capital Group's current Scaled Net Operating Assets is 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Associated Capital Group stock overvalued right now?
Based on GuruFocus' analysis, Associated Capital Group (ACGP) is currently considered Possible Value Trap. The stock's GF Value™ is $78.31, compared to a current price of $36.00 — trading 54% below its estimated fair value. The current Scaled Net Operating Assets is 0.58. Associated Capital Group's overall GF Score™ is 53/100 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 Associated Capital Group (ACGP), the current Scaled Net Operating Assets is 0.58 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 Associated Capital Group (ACGP) Overvalued in 2026?

Based on GuruFocus' analysis, Associated Capital Group stock appears to be undervalued. The current stock price of $36.00 is trading 54% below its estimated GF Value™ of $78.31. GuruFocus considers Associated Capital Group to be Possible Value Trap.

Key valuation signals for ACGP:

  • Scaled Net Operating Assets: 0.58
  • GF Value™: $78.31 vs. price of $36.00 (54% below fair value)
  • GF Score™: 53/100 with 6 warning signs

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


Associated Capital Group Business Description

Address 191 Mason Street, Greenwich, CT, USA, 06830
Associated Capital Group Inc is a diversified financial services company. It operates in the business of alternative investment management, institutional research services, and cash and other assets through subsidiaries. The company principally manages assets across a range of risk and event arbitrage portfolios and in equity event-driven value strategies. The business earns management and incentive fees from its advisory activities. It manages assets on a discretionary basis and invests in a variety of U.S. and foreign securities, mainly in the developed global markets. The firm serves a wide variety of investors globally, including private wealth management clients, corporations, corporate pension and profit-sharing plans, foundations and endowments.
53GF Score

Get the complete analysis for ACGP

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

$36.00
Price
$78.31
GF Value