BDJ (BlackRock Enhanced Equity Dividend Trust) Scaled Net Operating Assets: 0.99 (As of Dec. 2025)


BDJ BlackRock Enhanced Equity Dividend Trust BDJ
57 GF Score
Price $9.40
GF Value $14.57
Valuation Significantly Undervalued
! 4 Warning Signs
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What is BlackRock Enhanced Equity Dividend Trust Scaled Net Operating Assets?

BlackRock Enhanced Equity Dividend Trust BDJ -0.21% 57 Scaled Net Operating Assets is 0.99 as of Dec. 2025. GuruFocus rates BDJ with a GF Score™ of 57/100 and a GF Value™ of $14.57 (Significantly Undervalued). The stock has 4 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.

BlackRock Enhanced Equity Dividend Trust's operating assets for the quarter that ended in Dec. 2025 was $1,749.4 Mil. BlackRock Enhanced Equity Dividend Trust's operating liabilities for the quarter that ended in Dec. 2025 was $26.8 Mil. BlackRock Enhanced Equity Dividend Trust's Total Assets for the quarter that ended in Jun. 2025 was $1,742.8 Mil. Therefore, BlackRock Enhanced Equity Dividend Trust's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.99.

BDJ
57GF Score
BlackRock Enhanced Equity Dividend Trust BDJ
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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BlackRock Enhanced Equity Dividend Trust 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.

BlackRock Enhanced Equity Dividend Trust'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 )
=(1749.355-26.782)/1612.795
=1.07

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1749.378 - 0.023
=1749.355

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=26.782 - 0 - 0
=26.782

BlackRock Enhanced Equity Dividend Trust's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(1749.355-26.782)/1742.76
=0.99

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1749.378 - 0.023
=1749.355

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=26.782 - 0 - 0
=26.782

* 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 0.99 mean?
BlackRock Enhanced Equity Dividend Trust (BDJ) has a Scaled Net Operating Assets of 0.99 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on BlackRock Enhanced Equity Dividend Trust and its competitors.
Is BlackRock Enhanced Equity Dividend Trust's Scaled Net Operating Assets too high?
BlackRock Enhanced Equity Dividend Trust's current Scaled Net Operating Assets is 0.99. Overall, BlackRock Enhanced Equity Dividend Trust has a GF Score™ of 57/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BlackRock Enhanced Equity Dividend Trust's Scaled Net Operating Assets compare to TSLX and BCAT?
BlackRock Enhanced Equity Dividend Trust's Scaled Net Operating Assets of 0.99 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 BlackRock Enhanced Equity Dividend Trust and its competitors. BlackRock Enhanced Equity Dividend Trust's current Scaled Net Operating Assets is 0.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BlackRock Enhanced Equity Dividend Trust stock overvalued right now?
Based on GuruFocus' analysis, BlackRock Enhanced Equity Dividend Trust (BDJ) is currently considered Significantly Undervalued. The stock's GF Value™ is $14.57, compared to a current price of $9.40 — trading 35.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.99. BlackRock Enhanced Equity Dividend Trust's overall GF Score™ is 57/100 with 4 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 BlackRock Enhanced Equity Dividend Trust (BDJ), the current Scaled Net Operating Assets is 0.99 as of Dec. 2025. 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 BlackRock Enhanced Equity Dividend Trust (BDJ) Overvalued in 2026?

Based on GuruFocus' analysis, BlackRock Enhanced Equity Dividend Trust stock appears to be undervalued. The current stock price of $9.40 is trading 35.5% below its estimated GF Value™ of $14.57. GuruFocus considers BlackRock Enhanced Equity Dividend Trust to be Significantly Undervalued.

Key valuation signals for BDJ:

  • Scaled Net Operating Assets: 0.99
  • GF Value™: $14.57 vs. price of $9.40 (35.5% below fair value)
  • GF Score™: 57/100 with 4 warning signs

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

BlackRock Enhanced Equity Dividend Trust Business Description

Address 100 Bellevue Parkway, Wilmington, DE, USA, 19809
BlackRock Enhanced Equity Dividend Trust is a closed-end management investment company. Its primary investment objective is to provide current income and current gains, with a secondary objective of long-term capital appreciation. The trust seeks to achieve its investment objectives by investing in common stocks that pay dividends and have the potential for capital appreciation and by utilizing an option to enhance distributions to its shareholders.
57GF 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.

$9.40
Price
$14.57
GF Value