CSQ (Calamos Strategic Total Return Fund) Scaled Net Operating Assets: 0.96 (As of Apr. 2026)

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CSQ Calamos Strategic Total Return Fund CSQ
53 GF Score
Price $21.03
GF Value $37.57
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Calamos Strategic Total Return Fund Scaled Net Operating Assets?

Calamos Strategic Total Return Fund CSQ +0.53% 53 Scaled Net Operating Assets is 0.96 as of Apr. 2026. GuruFocus rates CSQ with a GF Score™ of 53/100 and a GF Value™ of $37.57 (Significantly Undervalued). 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.

Calamos Strategic Total Return Fund's operating assets for the quarter that ended in Apr. 2026 was $4,916 Mil. Calamos Strategic Total Return Fund's operating liabilities for the quarter that ended in Apr. 2026 was $343 Mil. Calamos Strategic Total Return Fund's Total Assets for the quarter that ended in Oct. 2025 was $4,759 Mil. Therefore, Calamos Strategic Total Return Fund's scaled net operating assets (SNOA) for the quarter that ended in Apr. 2026 was 0.96.

CSQ
53GF Score
Calamos Strategic Total Return Fund CSQ
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Calamos Strategic Total Return 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.

Calamos Strategic Total Return Fund'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 )
=(4758.621-368.808)/4167.608
=1.05

where

Operating Assets(A: Oct. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=4758.621 - 0
=4758.621

Operating Liabilities(A: Oct. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1418.808 - 1050 - 0
=368.808

Calamos Strategic Total Return Fund'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 )
=(4916.103-342.533)/4758.621
=0.96

where

Operating Assets(Q: Apr. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=4916.103 - 0
=4916.103

Operating Liabilities(Q: Apr. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1432.533 - 1090 - 0
=342.533

* 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?
Calamos Strategic Total Return Fund (CSQ) has a Scaled Net Operating Assets of 0.96 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 Strategic Total Return Fund and its competitors.
Is Calamos Strategic Total Return Fund's Scaled Net Operating Assets too high?
Calamos Strategic Total Return Fund's current Scaled Net Operating Assets is 0.96. Overall, Calamos Strategic Total Return Fund has a GF Score™ of 53/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Calamos Strategic Total Return Fund's Scaled Net Operating Assets compare to ADX and UTF?
Calamos Strategic Total Return 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 Calamos Strategic Total Return Fund and its competitors. Calamos Strategic Total Return 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 Calamos Strategic Total Return Fund stock overvalued right now?
Based on GuruFocus' analysis, Calamos Strategic Total Return Fund (CSQ) is currently considered Significantly Undervalued. The stock's GF Value™ is $37.57, compared to a current price of $21.03 — trading 44% below its estimated fair value. The current Scaled Net Operating Assets is 0.96. Calamos Strategic Total Return Fund's overall GF Score™ is 53/100 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 Calamos Strategic Total Return Fund (CSQ), the current Scaled Net Operating Assets is 0.96 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 Strategic Total Return Fund (CSQ) Overvalued in 2026?

Based on GuruFocus' analysis, Calamos Strategic Total Return Fund stock appears to be undervalued. The current stock price of $21.03 is trading 44% below its estimated GF Value™ of $37.57. GuruFocus considers Calamos Strategic Total Return Fund to be Significantly Undervalued.

Key valuation signals for CSQ:

  • Scaled Net Operating Assets: 0.96
  • GF Value™: $37.57 vs. price of $21.03 (44% below fair value)
  • GF Score™: 53/100 with 5 warning signs

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

Calamos Strategic Total Return Fund Business Description

Address 2020 Calamos Court, Naperville, IL, USA, 60563-2787
Calamos Strategic Total Return Fund is a diversified, closed-end management investment company. The fund's objective is to provide total return through a combination of capital appreciation and current income. Its investment portfolio comprises equities, convertible securities, and high-yield corporate bonds.
53GF 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.

$21.03
Price
$37.57
GF Value