CG (The Carlyle Group) Scaled Net Operating Assets: 0.66 (As of Mar. 2026)


CG The Carlyle Group Inc CG
63 GF Score
Price $42.43
GF Value $55.08
Valuation Modestly Undervalued
! 6 Warning Signs
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What is The Carlyle Group Scaled Net Operating Assets?

The Carlyle Group CG +1.26% 63 Scaled Net Operating Assets is 0.66 as of Mar. 2026. GuruFocus rates CG with a GF Score™ of 63/100 and a GF Value™ of $55.08 (Modestly Undervalued). 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.

The Carlyle Group's operating assets for the quarter that ended in Mar. 2026 was $27,088 Mil. The Carlyle Group's operating liabilities for the quarter that ended in Mar. 2026 was $7,850 Mil. The Carlyle Group's Total Assets for the quarter that ended in Dec. 2025 was $29,116 Mil. Therefore, The Carlyle Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.66.

CG
63GF Score
The Carlyle Group Inc CG
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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The Carlyle 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.

The Carlyle 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 )
=(25910.7-8165.7)/23103.5
=0.77

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=29116 - 3205.3
=25910.7

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=22058.9 - 13893.2 - 0
=8165.7

The Carlyle 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 )
=(27087.8-7850.3)/29116
=0.66

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=29842 - 2754.2
=27087.8

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=22467.4 - 14617.1 - 0
=7850.3

* 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 0.66 mean?
The Carlyle Group (CG) has a Scaled Net Operating Assets of 0.66 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 The Carlyle Group and its competitors.
Is The Carlyle Group's Scaled Net Operating Assets too high?
The Carlyle Group's current Scaled Net Operating Assets is 0.66. Overall, The Carlyle Group has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does The Carlyle Group's Scaled Net Operating Assets compare to BEN and PS?
The Carlyle Group's Scaled Net Operating Assets of 0.66 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 The Carlyle Group and its competitors. The Carlyle Group's current Scaled Net Operating Assets is 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Carlyle Group stock overvalued right now?
Based on GuruFocus' analysis, The Carlyle Group (CG) is currently considered Modestly Undervalued. The stock's GF Value™ is $55.08, compared to a current price of $42.43 — trading 23% below its estimated fair value. The current Scaled Net Operating Assets is 0.66. The Carlyle Group's overall GF Score™ is 63/100 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 The Carlyle Group (CG), the current Scaled Net Operating Assets is 0.66 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 The Carlyle Group (CG) Overvalued in 2026?

Based on GuruFocus' analysis, The Carlyle Group stock appears to be undervalued. The current stock price of $42.43 is trading 23% below its estimated GF Value™ of $55.08. GuruFocus considers The Carlyle Group to be Modestly Undervalued.

Key valuation signals for CG:

  • Scaled Net Operating Assets: 0.66
  • GF Value™: $55.08 vs. price of $42.43 (23% below fair value)
  • GF Score™: 63/100 with 6 warning signs

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

The Carlyle Group Business Description

Address 1001 Pennsylvania Avenue, NW, Washington, DC, USA, 20004-2505
Carlyle Group is one of the world's largest alternative-asset managers, with $476.9 billion in total AUM, including $336.8 billion in fee-earning AUM, at the end of 2025. The company has three core business segments: global private equity, which includes its private equity, real estate, infrastructure, and natural resources offerings (with $163.6 billion in total AUM and $101.4 billion in fee-earning AUM), global credit ($211.3 billion/$169.5 billion), and investment/fund solutions, known as Carlyle AlphInvest ($101.0 billion/$65.9 billion). The firm primarily serves institutional investors and high-net-worth individuals. Carlyle operates through 29 offices across five continents, serving more than 3,100 active carry fund investors from 87 countries.
63GF Score

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$42.43
Price
$55.08
GF Value