Oaktree Specialty Lending (FRA:FFC) Scaled Net Operating Assets: 0.92 (As of Mar. 2026)


FRA:FFC Oaktree Specialty Lending Corp FRA:FFC
56 GF Score
Price €9.98
GF Value €11.64
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Oaktree Specialty Lending Scaled Net Operating Assets?

Oaktree Specialty Lending FRA:FFC -0.05% 56 Scaled Net Operating Assets is 0.92 as of Mar. 2026. GuruFocus rates FRA:FFC with a GF Score™ of 56/100 and a GF Value™ of €11.64 (Modestly Undervalued). The stock has 4 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.

Oaktree Specialty Lending's operating assets for the quarter that ended in Mar. 2026 was €2,459.33 Mil. Oaktree Specialty Lending's operating liabilities for the quarter that ended in Mar. 2026 was €26.56 Mil. Oaktree Specialty Lending's Total Assets for the quarter that ended in Dec. 2025 was €2,645.91 Mil. Therefore, Oaktree Specialty Lending's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.92.

FRA:FFC
56GF Score
Oaktree Specialty Lending Corp FRA:FFC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Oaktree Specialty Lending 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.

Oaktree Specialty Lending's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Sep. 2025 )
=(Operating Assets (A: Sep. 2025 )-Operating Liabilities (A: Sep. 2025 ))/Total Assets (A: Sep. 2024 )
=(2490.703-42.854)/2881.705
=0.85

where

Operating Assets(A: Sep. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2558.548 - 67.845
=2490.703

Operating Liabilities(A: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1309.676 - 1266.822 - 0
=42.854

Oaktree Specialty Lending'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 )
=(2459.33-26.558)/2645.906
=0.92

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2503.671 - 44.341
=2459.33

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1308.185 - 1281.627 - 0
=26.558

* 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 0.92 mean?
Oaktree Specialty Lending (FRA:FFC) has a Scaled Net Operating Assets of 0.92 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 Oaktree Specialty Lending and its competitors.
Is Oaktree Specialty Lending's Scaled Net Operating Assets too high?
Oaktree Specialty Lending's current Scaled Net Operating Assets is 0.92. Overall, Oaktree Specialty Lending has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Oaktree Specialty Lending's Scaled Net Operating Assets compare to CHY and CII?
Oaktree Specialty Lending's Scaled Net Operating Assets of 0.92 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 Oaktree Specialty Lending and its competitors. Oaktree Specialty Lending's current Scaled Net Operating Assets is 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oaktree Specialty Lending stock overvalued right now?
Based on GuruFocus' analysis, Oaktree Specialty Lending (FRA:FFC) is currently considered Modestly Undervalued. The stock's GF Value™ is €11.64, compared to a current price of €9.98 — trading 14.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.92. Oaktree Specialty Lending's overall GF Score™ is 56/100 with 4 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 Oaktree Specialty Lending (FRA:FFC), the current Scaled Net Operating Assets is 0.92 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.

Is Oaktree Specialty Lending (FRA:FFC) Overvalued in 2026?

Based on GuruFocus' analysis, Oaktree Specialty Lending stock appears to be undervalued. The current stock price of €9.98 is trading 14.3% below its estimated GF Value™ of €11.64. GuruFocus considers Oaktree Specialty Lending to be Modestly Undervalued.

Key valuation signals for FRA:FFC:

  • Scaled Net Operating Assets: 0.92
  • GF Value™: €11.64 vs. price of €9.98 (14.3% below fair value)
  • GF Score™: 56/100 with 4 warning signs

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

Oaktree Specialty Lending Business Description

Other Exchanges OCSL:USA
Address 333 South Grand Avenue, 28th Floor, Los Angeles, CA, USA, 90071
Oaktree Specialty Lending Corp is a specialty finance company. The company provides lending services and invests in small and mid-sized companies. The company's investment objective is to maximize its portfolio's total return by generating current income from debt investments, and to a lesser extent, capital appreciation from equity investments. The company provides customized, one-stop credit solutions to companies with limited access to public or syndicated capital markets. The company operates as a single reportable segment and derives revenues from investing in originated loans and other securities, including broadly syndicated loans, of U.S. private companies and manages the business on a consolidated basis.
56GF 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.

€9.98
Price
€11.64
GF Value