ECNCF (ECN Capital) Scaled Net Operating Assets: 0.83 (As of Dec. 2025)


ECNCF ECN Capital Corp ECNCF
46 GF Score
Price $2.26
GF Value $2.41
Valuation Fairly Valued
! 6 Warning Signs
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What is ECN Capital Scaled Net Operating Assets?

ECN Capital ECNCF +0.40% 46 Scaled Net Operating Assets is 0.83 as of Dec. 2025. GuruFocus rates ECNCF with a GF Score™ of 46/100 and a GF Value™ of $2.41 (Fairly Valued). 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.

ECN Capital's operating assets for the quarter that ended in Dec. 2025 was $957.4 Mil. ECN Capital's operating liabilities for the quarter that ended in Dec. 2025 was $151.1 Mil. ECN Capital's Total Assets for the quarter that ended in Sep. 2025 was $975.8 Mil. Therefore, ECN Capital's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.83.


ECN Capital Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for ECN Capital'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.

ECN Capital Scaled Net Operating Assets Chart

ECN Capital Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.26 1.06 0.78 0.61 0.86

ECN Capital Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 Premium Member Only Premium Member Only 0.78 0.81 0.82 0.82 0.83

ECNCF vs RKT, FNMA, PFSI: Scaled Net Operating Assets Comparison

For the Mortgage Finance subindustry, ECN Capital'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.


ECN Capital Scaled Net Operating Assets vs Banks Industry

For the Banks industry and Financial Services sector, ECN Capital's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where ECN Capital's Scaled Net Operating Assets falls into.


ECNCF
46GF Score
ECN Capital Corp ECNCF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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ECN Capital 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.

ECN Capital'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 )
=(957.417-151.062)/937.155
=0.86

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=974.147 - 16.73
=957.417

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=757.896 - 606.834 - 0
=151.062

ECN Capital'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: Sep. 2025 )
=(957.417-151.062)/975.786
=0.83

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=974.147 - 16.73
=957.417

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=757.896 - 606.834 - 0
=151.062

* 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 0.83 mean?
ECN Capital (ECNCF) has a Scaled Net Operating Assets of 0.83 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 ECN Capital and its competitors.
Is ECN Capital's Scaled Net Operating Assets too high?
ECN Capital's current Scaled Net Operating Assets is 0.83. Overall, ECN Capital has a GF Score™ of 46/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ECN Capital's Scaled Net Operating Assets compare to RKT and FNMA?
ECN Capital's Scaled Net Operating Assets of 0.83 can be compared against companies in the Banks 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 a Banks company?
A good Scaled Net Operating Assets depends on the Banks 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 ECN Capital and its competitors. ECN Capital's current Scaled Net Operating Assets is 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ECN Capital stock overvalued right now?
Based on GuruFocus' analysis, ECN Capital (ECNCF) is currently considered Fairly Valued. The stock's GF Value™ is $2.41, compared to a current price of $2.26 — trading 6.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.83. ECN Capital's overall GF Score™ is 46/100 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 ECN Capital (ECNCF), the current Scaled Net Operating Assets is 0.83 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 ECN Capital (ECNCF) Overvalued in 2026?

Based on GuruFocus' analysis, ECN Capital stock appears to be undervalued. The current stock price of $2.26 is trading 6.2% below its estimated GF Value™ of $2.41. GuruFocus considers ECN Capital to be Fairly Valued.

Key valuation signals for ECNCF:

  • Scaled Net Operating Assets: 0.83
  • GF Value™: $2.41 vs. price of $2.26 (6.2% below fair value)
  • GF Score™: 46/100 with 6 warning signs

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


ECN Capital Business Description

Address 199 Bay Street, Suite 4000, Commerce Court West, Toronto, ON, CAN, M5L 1A9
ECN Capital Corp is a financial business service provider. The group originates, manages, and advises on credit assets on behalf of its partners, specifically consumer loans and commercial loans. Its operating segments are: Manufactured Housing Finance and Recreational Vehicle and Marine (RV and Marine) Finance. The group generates maximum revenue from the Manufactured Housing Finance segment.
46GF Score

Get the complete analysis for ECNCF

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$2.26
Price
$2.41
GF Value