DEFG (Grayscale Decentralized Finance (DeFi) Fund LLC) Scaled Net Operating Assets: 0.65 (As of Mar. 2026)


DEFG Grayscale Decentralized Finance (DeFi) Fund LLC DEFG
36 GF Score
Price $8.06
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What is Grayscale Decentralized Finance (DeFi) Fund LLC Scaled Net Operating Assets?

Grayscale Decentralized Finance (DeFi) Fund LLC DEFG +3.20% 36 Scaled Net Operating Assets is 0.65 as of Mar. 2026. GuruFocus rates DEFG with a GF Score™ of 36/100.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Grayscale Decentralized Finance (DeFi) Fund LLC's operating assets for the quarter that ended in Mar. 2026 was $1.70 Mil. Grayscale Decentralized Finance (DeFi) Fund LLC's operating liabilities for the quarter that ended in Mar. 2026 was $0.00 Mil. Grayscale Decentralized Finance (DeFi) Fund LLC's Total Assets for the quarter that ended in Dec. 2025 was $2.60 Mil. Therefore, Grayscale Decentralized Finance (DeFi) Fund LLC's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.65.


Grayscale Decentralized Finance (DeFi) Fund LLC Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Grayscale Decentralized Finance (DeFi) Fund LLC's Scaled Net Operating Assets can be seen below:

* 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.

Grayscale Decentralized Finance (DeFi) Fund LLC Scaled Net Operating Assets Chart

Grayscale Decentralized Finance (DeFi) Fund LLC Annual Data
Trend Jun22 Jun23 Jun24 Jun25
Scaled Net Operating Assets
1.00 1.06 1.48 0.97

Grayscale Decentralized Finance (DeFi) Fund LLC Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 1.37 1.05 0.56 0.65

DEFG vs BNBX, SVVC, LGCP: Scaled Net Operating Assets Comparison

For the Asset Management subindustry, Grayscale Decentralized Finance (DeFi) Fund LLC's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Grayscale Decentralized Finance (DeFi) Fund LLC Scaled Net Operating Assets vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Grayscale Decentralized Finance (DeFi) Fund LLC's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Grayscale Decentralized Finance (DeFi) Fund LLC's Scaled Net Operating Assets falls into.


DEFG
36GF Score
Grayscale Decentralized Finance (DeFi) Fund LLC DEFG
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Grayscale Decentralized Finance (DeFi) Fund LLC 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.

Grayscale Decentralized Finance (DeFi) Fund LLC's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2025 )
=(Operating Assets (A: Jun. 2025 )-Operating Liabilities (A: Jun. 2025 ))/Total Assets (A: Jun. 2024 )
=(4.408-0)/4.554
=0.97

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4.408 - 0
=4.408

Grayscale Decentralized Finance (DeFi) Fund LLC'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 )
=(1.699-0)/2.6
=0.65

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1.699 - 0
=1.699

* 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 0.65 mean?
Grayscale Decentralized Finance (DeFi) Fund LLC (DEFG) has a Scaled Net Operating Assets of 0.65 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 Grayscale Decentralized Finance (DeFi) Fund LLC and its competitors.
Is Grayscale Decentralized Finance (DeFi) Fund LLC's Scaled Net Operating Assets too high?
Grayscale Decentralized Finance (DeFi) Fund LLC's current Scaled Net Operating Assets is 0.65. Overall, Grayscale Decentralized Finance (DeFi) Fund LLC has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Grayscale Decentralized Finance (DeFi) Fund LLC's Scaled Net Operating Assets compare to BNBX and SVVC?
Grayscale Decentralized Finance (DeFi) Fund LLC's Scaled Net Operating Assets of 0.65 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 Grayscale Decentralized Finance (DeFi) Fund LLC and its competitors. Grayscale Decentralized Finance (DeFi) Fund LLC's current Scaled Net Operating Assets is 0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grayscale Decentralized Finance (DeFi) Fund LLC stock overvalued right now?
Grayscale Decentralized Finance (DeFi) Fund LLC (DEFG) has a current Scaled Net Operating Assets of 0.65. The current Scaled Net Operating Assets is 0.65. Grayscale Decentralized Finance (DeFi) Fund LLC's overall GF Score™ is 36/100. 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 Grayscale Decentralized Finance (DeFi) Fund LLC (DEFG), the current Scaled Net Operating Assets is 0.65 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.

Grayscale Decentralized Finance (DeFi) Fund LLC Business Description

Address 290 Harbor Drive, 4th Floor, Stamford, CT, USA, 06902
Grayscale Decentralized Finance (DeFi) Fund LLC is an investment vehicle that invests in and derives value from a basket of decentralized finance applications in the form of a security while avoiding the challenges of buying, storing, and safekeeping DeFi directly. Its investment objective is for the value of the Shares (based on NAV per Share) to reflect the value of the fund components as determined by reference to their respective digital asset reference rates and fund weightings, less the fund's expenses and other liabilities. The fund components consist of the digital assets that make up the DFX (CoinDesk DeFi Select Index) as rebalanced from time to time.
36GF Score

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