DMO (Western Asset Mortgage Defined Opportunity Fund) Scaled Net Operating Assets: 0.50 (As of Dec. 2025)

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DMO Western Asset Mortgage Defined Opportunity Fund Inc DMO
54 GF Score
Price $10.45
GF Value $10.53
Valuation Fairly Valued
! 5 Warning Signs
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What is Western Asset Mortgage Defined Opportunity Fund Scaled Net Operating Assets?

Western Asset Mortgage Defined Opportunity Fund DMO -1.14% 54 Scaled Net Operating Assets is 0.50 as of Dec. 2025. GuruFocus rates DMO with a GF Score™ of 54/100 and a GF Value™ of $10.53 (Fairly Valued). 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.

Western Asset Mortgage Defined Opportunity Fund's operating assets for the quarter that ended in Dec. 2025 was $256.13 Mil. Western Asset Mortgage Defined Opportunity Fund's operating liabilities for the quarter that ended in Dec. 2025 was $125.18 Mil. Western Asset Mortgage Defined Opportunity Fund's Total Assets for the quarter that ended in Jun. 2025 was $260.75 Mil. Therefore, Western Asset Mortgage Defined Opportunity Fund's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.50.

DMO
54GF Score
Western Asset Mortgage Defined Opportunity Fund Inc DMO
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Western Asset Mortgage Defined Opportunity 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.

Western Asset Mortgage Defined Opportunity 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 )
=(256.126-125.18)/256.5
=0.51

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=258.673 - 2.547
=256.126

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=125.18 - 0 - 0
=125.18

Western Asset Mortgage Defined Opportunity 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 )
=(256.126-125.18)/260.747
=0.50

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=258.673 - 2.547
=256.126

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=125.18 - 0 - 0
=125.18

* 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 0.50 mean?
Western Asset Mortgage Defined Opportunity Fund (DMO) has a Scaled Net Operating Assets of 0.50 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 Western Asset Mortgage Defined Opportunity Fund and its competitors.
Is Western Asset Mortgage Defined Opportunity Fund's Scaled Net Operating Assets too high?
Western Asset Mortgage Defined Opportunity Fund's current Scaled Net Operating Assets is 0.50. Overall, Western Asset Mortgage Defined Opportunity Fund has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Western Asset Mortgage Defined Opportunity Fund's Scaled Net Operating Assets compare to GGZ and PFO?
Western Asset Mortgage Defined Opportunity Fund's Scaled Net Operating Assets of 0.50 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 Western Asset Mortgage Defined Opportunity Fund and its competitors. Western Asset Mortgage Defined Opportunity Fund's current Scaled Net Operating Assets is 0.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Asset Mortgage Defined Opportunity Fund stock overvalued right now?
Based on GuruFocus' analysis, Western Asset Mortgage Defined Opportunity Fund (DMO) is currently considered Fairly Valued. The stock's GF Value™ is $10.53, compared to a current price of $10.45 — trading 0.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.50. Western Asset Mortgage Defined Opportunity Fund's overall GF Score™ is 54/100 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 Western Asset Mortgage Defined Opportunity Fund (DMO), the current Scaled Net Operating Assets is 0.50 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 Western Asset Mortgage Defined Opportunity Fund (DMO) Overvalued in 2026?

Based on GuruFocus' analysis, Western Asset Mortgage Defined Opportunity Fund stock appears to be undervalued. The current stock price of $10.45 is trading 0.8% below its estimated GF Value™ of $10.53. GuruFocus considers Western Asset Mortgage Defined Opportunity Fund to be Fairly Valued.

Key valuation signals for DMO:

  • Scaled Net Operating Assets: 0.50
  • GF Value™: $10.53 vs. price of $10.45 (0.8% below fair value)
  • GF Score™: 54/100 with 5 warning signs

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


Western Asset Mortgage Defined Opportunity Fund Business Description

Address One Madison Avenue, 17th Floor, New York, NY, USA, 10010
Western Asset Mortgage Defined Opportunity Fund Inc is a non-diversified, limited-term, closed-end management investment company. The fund's primary investment objective is to provide current income. As a secondary investment objective, the Fund will seek capital appreciation. The Fund seeks to achieve its investment objectives by investing in a diverse portfolio of mortgage-backed securities, consisting of non-agency residential mortgage-backed securities and commercial mortgage-backed securities.
54GF 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.

$10.45
Price
$10.53
GF Value