BCSF (Bain Capital Specialty Finance) Scaled Net Operating Assets: 0.95 (As of Mar. 2026)


BCSF Bain Capital Specialty Finance Inc BCSF
65 GF Score
Price $12.27
GF Value $10.21
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Bain Capital Specialty Finance Scaled Net Operating Assets?

Bain Capital Specialty Finance BCSF +1.91% 65 Scaled Net Operating Assets is 0.95 as of Mar. 2026. GuruFocus rates BCSF with a GF Score™ of 65/100 and a GF Value™ of $10.21 (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.

Bain Capital Specialty Finance's operating assets for the quarter that ended in Mar. 2026 was $2,585.08 Mil. Bain Capital Specialty Finance's operating liabilities for the quarter that ended in Mar. 2026 was $53.46 Mil. Bain Capital Specialty Finance's Total Assets for the quarter that ended in Dec. 2025 was $2,662.59 Mil. Therefore, Bain Capital Specialty Finance's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.95.

BCSF
65GF Score
Bain Capital Specialty Finance Inc BCSF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Bain Capital Specialty Finance 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.

Bain Capital Specialty Finance'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 )
=(2636.342-74.379)/2632.157
=0.97

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2662.585 - 26.243
=2636.342

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1545.175 - 1470.796 - 0
=74.379

Bain Capital Specialty Finance'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 )
=(2585.081-53.464)/2662.585
=0.95

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2601.676 - 16.595
=2585.081

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1508.121 - 1454.657 - 0
=53.464

* 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 0.95 mean?
Bain Capital Specialty Finance (BCSF) has a Scaled Net Operating Assets of 0.95 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 Bain Capital Specialty Finance and its competitors.
Is Bain Capital Specialty Finance's Scaled Net Operating Assets too high?
Bain Capital Specialty Finance's current Scaled Net Operating Assets is 0.95. Overall, Bain Capital Specialty Finance has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bain Capital Specialty Finance's Scaled Net Operating Assets compare to PCN and PHK?
Bain Capital Specialty Finance's Scaled Net Operating Assets of 0.95 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 Bain Capital Specialty Finance and its competitors. Bain Capital Specialty Finance's current Scaled Net Operating Assets is 0.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bain Capital Specialty Finance stock overvalued right now?
Based on GuruFocus' analysis, Bain Capital Specialty Finance (BCSF) is currently considered Modestly Overvalued. The stock's GF Value™ is $10.21, compared to a current price of $12.27 — trading 20.2% above its estimated fair value. The current Scaled Net Operating Assets is 0.95. Bain Capital Specialty Finance's overall GF Score™ is 65/100 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 Bain Capital Specialty Finance (BCSF), the current Scaled Net Operating Assets is 0.95 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 Bain Capital Specialty Finance (BCSF) Overvalued in 2026?

Based on GuruFocus' analysis, Bain Capital Specialty Finance stock appears to be overvalued. The current stock price of $12.27 is trading 20.2% above its estimated GF Value™ of $10.21. GuruFocus considers Bain Capital Specialty Finance to be Modestly Overvalued.

Key valuation signals for BCSF:

  • Scaled Net Operating Assets: 0.95
  • GF Value™: $10.21 vs. price of $12.27 (20.2% above fair value)
  • GF Score™: 65/100 with 6 warning signs

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

Bain Capital Specialty Finance Business Description

Other Exchanges 618:Germany
Address 200 Clarendon Street, 37th Floor, Boston, MA, USA, 02116
Bain Capital Specialty Finance Inc is an externally managed, closed-end, non-diversified management investment company. The company's objective is to provide risk-adjusted returns and current income to investors by investing in middle-market companies. Its portfolio of investments includes First Lien Senior Secured Loan, Preferred Equity, Equity Interest, Warrants, and Second Lien Senior Secured Loan, and others.
65GF Score

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$12.27
Price
$10.21
GF Value