BGB (Blackstone Strategic Credit Fund) Scaled Net Operating Assets: 0.86 (As of Dec. 2025)


BGB Blackstone Strategic Credit Fund BGB
45 GF Score
Price $11.29
GF Value $6.95
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Blackstone Strategic Credit Fund Scaled Net Operating Assets?

Blackstone Strategic Credit Fund BGB -0.27% 45 Scaled Net Operating Assets is 0.86 as of Dec. 2025. GuruFocus rates BGB with a GF Score™ of 45/100 and a GF Value™ of $6.95 (Significantly Overvalued). The stock has 8 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.

Blackstone Strategic Credit Fund's operating assets for the quarter that ended in Dec. 2025 was $925.02 Mil. Blackstone Strategic Credit Fund's operating liabilities for the quarter that ended in Dec. 2025 was $77.33 Mil. Blackstone Strategic Credit Fund's Total Assets for the quarter that ended in Jun. 2025 was $986.88 Mil. Therefore, Blackstone Strategic Credit Fund's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.86.

BGB
45GF Score
Blackstone Strategic Credit Fund BGB
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Blackstone Strategic Credit 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.

Blackstone Strategic Credit Fund'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 )
=(925.021-77.331)/1010.248
=0.84

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=925.315 - 0.294
=925.021

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=369.531 - 292.2 - 0
=77.331

Blackstone Strategic Credit Fund'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 )
=(925.021-77.331)/986.883
=0.86

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=925.315 - 0.294
=925.021

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=369.531 - 292.2 - 0
=77.331

* 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 0.86 mean?
Blackstone Strategic Credit Fund (BGB) has a Scaled Net Operating Assets of 0.86 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 Blackstone Strategic Credit Fund and its competitors.
Is Blackstone Strategic Credit Fund's Scaled Net Operating Assets too high?
Blackstone Strategic Credit Fund's current Scaled Net Operating Assets is 0.86. Overall, Blackstone Strategic Credit Fund has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Blackstone Strategic Credit Fund's Scaled Net Operating Assets compare to PML and FTHY?
Blackstone Strategic Credit Fund's Scaled Net Operating Assets of 0.86 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 Blackstone Strategic Credit Fund and its competitors. Blackstone Strategic Credit Fund's current Scaled Net Operating Assets is 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blackstone Strategic Credit Fund stock overvalued right now?
Based on GuruFocus' analysis, Blackstone Strategic Credit Fund (BGB) is currently considered Significantly Overvalued. The stock's GF Value™ is $6.95, compared to a current price of $11.29 — trading 62.4% above its estimated fair value. The current Scaled Net Operating Assets is 0.86. Blackstone Strategic Credit Fund's overall GF Score™ is 45/100 with 8 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 Blackstone Strategic Credit Fund (BGB), the current Scaled Net Operating Assets is 0.86 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 Blackstone Strategic Credit Fund (BGB) Overvalued in 2026?

Based on GuruFocus' analysis, Blackstone Strategic Credit Fund stock appears to be overvalued. The current stock price of $11.29 is trading 62.4% above its estimated GF Value™ of $6.95. GuruFocus considers Blackstone Strategic Credit Fund to be Significantly Overvalued.

Key valuation signals for BGB:

  • Scaled Net Operating Assets: 0.86
  • GF Value™: $6.95 vs. price of $11.29 (62.4% above fair value)
  • GF Score™: 45/100 with 8 warning signs

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

Blackstone Strategic Credit Fund Business Description

Address 345 Park Avenue, 31st Floor, New York, NY, USA, 10154
Blackstone Strategic Credit Fund is a diversified, closed-end management investment company. Its primary investment objective is to seek high current income. The secondary objective of the fund is to seek the preservation of capital. Under normal market conditions, the Fund invests at least 80% of its Managed Assets in senior, secured floating-rate loans. The fund also invest in second-lien loans and high yield bonds and employs financial leverage, which may increase risk to the Fund. The Fund has a limited term and absent shareholder approval to extend the life of the Fund.
45GF Score

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$11.29
Price
$6.95
GF Value