CPZ (Calamos L/S Equity & Dynamic Trust) Scaled Net Operating Assets: 0.53 (As of Apr. 2026)

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CPZ Calamos L/S Equity & Dynamic Inc Trust CPZ
32 GF Score
Price $13.36
GF Value $1.41
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Calamos L/S Equity & Dynamic Trust Scaled Net Operating Assets?

Calamos L/S Equity & Dynamic Trust CPZ -0.26% 32 Scaled Net Operating Assets is 0.53 as of Apr. 2026. GuruFocus rates CPZ with a GF Score™ of 32/100 and a GF Value™ of $1.41 (Significantly Overvalued). 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.

Calamos L/S Equity & Dynamic Trust's operating assets for the quarter that ended in Apr. 2026 was $587.51 Mil. Calamos L/S Equity & Dynamic Trust's operating liabilities for the quarter that ended in Apr. 2026 was $168.31 Mil. Calamos L/S Equity & Dynamic Trust's Total Assets for the quarter that ended in Oct. 2025 was $796.00 Mil. Therefore, Calamos L/S Equity & Dynamic Trust's scaled net operating assets (SNOA) for the quarter that ended in Apr. 2026 was 0.53.

CPZ
32GF Score
Calamos L/S Equity & Dynamic Inc Trust CPZ
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Calamos L/S Equity & Dynamic 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.

Calamos L/S Equity & Dynamic Trust's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Oct. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Oct. 2025 )
=(Operating Assets (A: Oct. 2025 )-Operating Liabilities (A: Oct. 2025 ))/Total Assets (A: Oct. 2024 )
=(794.922-56.268)/725.429
=1.02

where

Operating Assets(A: Oct. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=795.996 - 1.074
=794.922

Operating Liabilities(A: Oct. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=248.318 - 192.05 - 0
=56.268

Calamos L/S Equity & Dynamic Trust's Scaled Net Operating Assets (SNOA) for the quarter that ended in Apr. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Apr. 2026 )
=(Operating Assets (Q: Apr. 2026 )-Operating Liabilities (Q: Apr. 2026 ))/Total Assets (Q: Oct. 2025 )
=(587.508-168.312)/795.996
=0.53

where

Operating Assets(Q: Apr. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=587.508 - 0
=587.508

Operating Liabilities(Q: Apr. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=288.312 - 120 - 0
=168.312

* 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 0.53 mean?
Calamos L/S Equity & Dynamic Trust (CPZ) has a Scaled Net Operating Assets of 0.53 as of Apr. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Calamos L/S Equity & Dynamic Trust and its competitors.
Is Calamos L/S Equity & Dynamic Trust's Scaled Net Operating Assets too high?
Calamos L/S Equity & Dynamic Trust's current Scaled Net Operating Assets is 0.53. Overall, Calamos L/S Equity & Dynamic Trust has a GF Score™ of 32/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Calamos L/S Equity & Dynamic Trust's Scaled Net Operating Assets compare to NHS and JRS?
Calamos L/S Equity & Dynamic Trust's Scaled Net Operating Assets of 0.53 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 Calamos L/S Equity & Dynamic Trust and its competitors. Calamos L/S Equity & Dynamic Trust's current Scaled Net Operating Assets is 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Calamos L/S Equity & Dynamic Trust stock overvalued right now?
Based on GuruFocus' analysis, Calamos L/S Equity & Dynamic Trust (CPZ) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.41, compared to a current price of $13.36 — trading 847.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.53. Calamos L/S Equity & Dynamic Trust's overall GF Score™ is 32/100 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 Calamos L/S Equity & Dynamic Trust (CPZ), the current Scaled Net Operating Assets is 0.53 as of Apr. 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 Calamos L/S Equity & Dynamic Trust (CPZ) Overvalued in 2026?

Based on GuruFocus' analysis, Calamos L/S Equity & Dynamic Trust stock appears to be overvalued. The current stock price of $13.36 is trading 847.5% above its estimated GF Value™ of $1.41. GuruFocus considers Calamos L/S Equity & Dynamic Trust to be Significantly Overvalued.

Key valuation signals for CPZ:

  • Scaled Net Operating Assets: 0.53
  • GF Value™: $1.41 vs. price of $13.36 (847.5% above fair value)
  • GF Score™: 32/100 with 4 warning signs

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

Calamos L/S Equity & Dynamic Trust Business Description

Address 2020 Calamos Court, Naperville, IL, USA, 60563-2787
Calamos L/S Equity & Dynamic Inc Trust is a trust company that seeks to provide current income and risk-managed capital appreciation, with an investment objective to deliver total return through a combination of capital appreciation and current income. The Fund invests in securities across sectors such as Industrials, Healthcare, Financials, Consumer Discretionary, and others, and holds securities with a broad range of maturities, with the average term to maturity typically ranging from two to ten years. Managed assets represent the Fund's total assets, including any assets attributable to leverage that may be outstanding, minus total liabilities other than debt representing financial leverage.
32GF 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.

$13.36
Price
$1.41
GF Value