FMN (Federated Hermes Premier Municipalome Fund) Scaled Net Operating Assets: 0.60 (As of Nov. 2025)

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FMN Federated Hermes Premier Municipal Income Fund FMN
38 GF Score
Price $11.12
! 3 Warning Signs
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What is Federated Hermes Premier Municipalome Fund Scaled Net Operating Assets?

Federated Hermes Premier Municipalome Fund FMN 38 Scaled Net Operating Assets is 0.60 as of Nov. 2025. GuruFocus rates FMN with a GF Score™ of 38/100. The stock has 3 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.

Federated Hermes Premier Municipalome Fund's operating assets for the quarter that ended in Nov. 2025 was $165.78 Mil. Federated Hermes Premier Municipalome Fund's operating liabilities for the quarter that ended in Nov. 2025 was $68.05 Mil. Federated Hermes Premier Municipalome Fund's Total Assets for the quarter that ended in May. 2025 was $163.14 Mil. Therefore, Federated Hermes Premier Municipalome Fund's scaled net operating assets (SNOA) for the quarter that ended in Nov. 2025 was 0.60.

FMN
38GF Score
Federated Hermes Premier Municipal Income Fund FMN
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Federated Hermes Premier Municipalome 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.

Federated Hermes Premier Municipalome Fund's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Nov. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Nov. 2025 )
=(Operating Assets (A: Nov. 2025 )-Operating Liabilities (A: Nov. 2025 ))/Total Assets (A: Nov. 2024 )
=(165.778-68.047)/169.183
=0.58

where

Operating Assets(A: Nov. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=165.839 - 0.061
=165.778

Operating Liabilities(A: Nov. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=68.047 - 0 - 0
=68.047

Federated Hermes Premier Municipalome Fund's Scaled Net Operating Assets (SNOA) for the quarter that ended in Nov. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Nov. 2025 )
=(Operating Assets (Q: Nov. 2025 )-Operating Liabilities (Q: Nov. 2025 ))/Total Assets (Q: May. 2025 )
=(165.778-68.047)/163.14
=0.60

where

Operating Assets(Q: Nov. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=165.839 - 0.061
=165.778

Operating Liabilities(Q: Nov. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=68.047 - 0 - 0
=68.047

* 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 0.60 mean?
Federated Hermes Premier Municipalome Fund (FMN) has a Scaled Net Operating Assets of 0.60 as of Nov. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Federated Hermes Premier Municipalome Fund and its competitors.
Is Federated Hermes Premier Municipalome Fund's Scaled Net Operating Assets too high?
Federated Hermes Premier Municipalome Fund's current Scaled Net Operating Assets is 0.60. Overall, Federated Hermes Premier Municipalome Fund has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Federated Hermes Premier Municipalome Fund's Scaled Net Operating Assets compare to RFM and SAMG?
Federated Hermes Premier Municipalome Fund's Scaled Net Operating Assets of 0.60 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 Federated Hermes Premier Municipalome Fund and its competitors. Federated Hermes Premier Municipalome Fund's current Scaled Net Operating Assets is 0.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Federated Hermes Premier Municipalome Fund stock overvalued right now?
Federated Hermes Premier Municipalome Fund (FMN) has a current Scaled Net Operating Assets of 0.60. The current Scaled Net Operating Assets is 0.60. Federated Hermes Premier Municipalome Fund's overall GF Score™ is 38/100 with 3 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 Federated Hermes Premier Municipalome Fund (FMN), the current Scaled Net Operating Assets is 0.60 as of Nov. 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.

Federated Hermes Premier Municipalome Fund Business Description

Address 4000 Ericsson Drive, Warrendale, PA, USA, 15086-7561
Federated Hermes Premier Municipal Income Fund is a United States-based diversified, closed-end management investment company. The investment objective of the fund is to provide current income exempt from federal income tax, including the federal alternative minimum tax by investing in long-term, tax exempt municipal bonds diversified among states, sectors and issuers. Its portfolio of investments comprises different sectors such as hospitals, toll road, senior care, airport, tobacco, and other sectors.
38GF 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.

$11.12
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