BCV (Bancroft Fund) Scaled Net Operating Assets: 0.96 (As of Mar. 2026)


BCV Bancroft Fund Ltd BCV
24 GF Score
Price $25.77
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What is Bancroft Fund Scaled Net Operating Assets?

Bancroft Fund BCV +0.55% 24 Scaled Net Operating Assets is 0.96 as of Mar. 2026. GuruFocus rates BCV with a GF Score™ of 24/100. The stock has 5 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.

Bancroft Fund's operating assets for the quarter that ended in Mar. 2026 was $166.69 Mil. Bancroft Fund's operating liabilities for the quarter that ended in Mar. 2026 was $0.23 Mil. Bancroft Fund's Total Assets for the quarter that ended in Sep. 2025 was $173.84 Mil. Therefore, Bancroft Fund's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.96.

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Bancroft Fund 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.

Bancroft Fund's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Sep. 2025 )
=(Operating Assets (A: Sep. 2025 )-Operating Liabilities (A: Sep. 2025 ))/Total Assets (A: Sep. 2024 )
=(173.844-0.225)/150.824
=1.15

where

Operating Assets(A: Sep. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=173.844 - 0
=173.844

Operating Liabilities(A: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.226 - 0.001 - 0
=0.225

Bancroft Fund'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: Sep. 2025 )
=(166.688-0.225)/173.844
=0.96

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=166.688 - 0
=166.688

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1.165 - 0.94 - 0
=0.225

* 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 0.96 mean?
Bancroft Fund (BCV) has a Scaled Net Operating Assets of 0.96 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 Bancroft Fund and its competitors.
Is Bancroft Fund's Scaled Net Operating Assets too high?
Bancroft Fund's current Scaled Net Operating Assets is 0.96. Overall, Bancroft Fund has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Bancroft Fund's Scaled Net Operating Assets compare to MHF and PIM?
Bancroft Fund's Scaled Net Operating Assets of 0.96 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 Bancroft Fund and its competitors. Bancroft Fund's current Scaled Net Operating Assets is 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bancroft Fund stock overvalued right now?
Bancroft Fund (BCV) has a current Scaled Net Operating Assets of 0.96. The current Scaled Net Operating Assets is 0.96. Bancroft Fund's overall GF Score™ is 24/100 with 5 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 Bancroft Fund (BCV), the current Scaled Net Operating Assets is 0.96 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.

Bancroft Fund Business Description

Other Exchanges BCVpA.PFD:USA
Address One Corporate Center, Rye, New York, NY, USA, 10580-1422
Bancroft Fund Ltd is a diversified closed-end management company. It operates as a closed-ended equity mutual fund. The funds' main objective is to provide income and potential for capital appreciation. With the intent to achieve its objective, the company invests in convertible and equity securities. It invests across different industries such as Computer Software and Services, Energy and Utilities, Health Care among others.
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