Barings BDC (FRA:TRY) Scaled Net Operating Assets: 0.96 (As of Mar. 2026)


FRA:TRY Barings BDC Inc FRA:TRY
57 GF Score
Price €7.29
GF Value €7.32
Valuation Fairly Valued
! 5 Warning Signs
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What is Barings BDC Scaled Net Operating Assets?

Barings BDC FRA:TRY +1.46% 57 Scaled Net Operating Assets is 0.96 as of Mar. 2026. GuruFocus rates FRA:TRY with a GF Score™ of 57/100 and a GF Value™ of €7.32 (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.

Barings BDC's operating assets for the quarter that ended in Mar. 2026 was €2,180.03 Mil. Barings BDC's operating liabilities for the quarter that ended in Mar. 2026 was €27.89 Mil. Barings BDC's Total Assets for the quarter that ended in Dec. 2025 was €2,251.47 Mil. Therefore, Barings BDC's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.96.

FRA:TRY
57GF Score
Barings BDC Inc FRA:TRY
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Barings BDC 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.

Barings BDC'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 )
=(2205.486-38.938)/2574.355
=0.84

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2251.471 - 45.985
=2205.486

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1260.249 - 1221.311 - 0
=38.938

Barings BDC'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 )
=(2180.031-27.887)/2251.471
=0.96

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2249.1 - 69.069
=2180.031

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1251.366 - 1223.479 - 0
=27.887

* 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 0.96 mean?
Barings BDC (FRA:TRY) has a Scaled Net Operating Assets of 0.96 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 Barings BDC and its competitors.
Is Barings BDC's Scaled Net Operating Assets too high?
Barings BDC's current Scaled Net Operating Assets is 0.96. Overall, Barings BDC has a GF Score™ of 57/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Barings BDC's Scaled Net Operating Assets compare to PHK and OXLC?
Barings BDC's Scaled Net Operating Assets of 0.96 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 Barings BDC and its competitors. Barings BDC's current Scaled Net Operating Assets is 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Barings BDC stock overvalued right now?
Based on GuruFocus' analysis, Barings BDC (FRA:TRY) is currently considered Fairly Valued. The stock's GF Value™ is €7.32, compared to a current price of €7.29 — trading 0.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.96. Barings BDC's overall GF Score™ is 57/100 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 Barings BDC (FRA:TRY), the current Scaled Net Operating Assets is 0.96 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 Barings BDC (FRA:TRY) Overvalued in 2026?

Based on GuruFocus' analysis, Barings BDC stock appears to be undervalued. The current stock price of €7.29 is trading 0.4% below its estimated GF Value™ of €7.32. GuruFocus considers Barings BDC to be Fairly Valued.

Key valuation signals for FRA:TRY:

  • Scaled Net Operating Assets: 0.96
  • GF Value™: €7.32 vs. price of €7.29 (0.4% below fair value)
  • GF Score™: 57/100 with 5 warning signs

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

Barings BDC Business Description

Other Exchanges BBDC:USA
Address 300 South Tryon Street, Suite 2500, Charlotte, NC, USA, 28202
Barings BDC Inc operates as a closed-end, non-diversified investment company and has elected to be treated as a business development company. The company's investment objective is to generate current income by investing directly in privately held middle-market companies to help these companies fund acquisitions, growth, or refinancing. It employs fundamental credit analysis and targets investments in businesses with low levels of cyclicality and operating risk relative to other businesses in this market segment. The holding size of each position will generally be dependent upon a number of factors including total facility size, pricing and structure, and the number of other lenders in the facility.
57GF 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.

€7.29
Price
€7.32
GF Value