FSK (FS KKR Capital) Scaled Net Operating Assets: 0.90 (As of Mar. 2026)


FSK FS KKR Capital Corp FSK
40 GF Score
Price $10.05
GF Value $21.46
Valuation Significantly Undervalued
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What is FS KKR Capital Scaled Net Operating Assets?

FS KKR Capital FSK -1.76% 40 Scaled Net Operating Assets is 0.90 as of Mar. 2026. GuruFocus rates FSK with a GF Score™ of 40/100 and a GF Value™ of $21.46 (Significantly Undervalued).

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

FS KKR Capital's operating assets for the quarter that ended in Mar. 2026 was $12,696.00 Mil. FS KKR Capital's operating liabilities for the quarter that ended in Mar. 2026 was $280.00 Mil. FS KKR Capital's Total Assets for the quarter that ended in Dec. 2025 was $13,729.00 Mil. Therefore, FS KKR Capital's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.90.

FSK
40GF Score
FS KKR Capital Corp FSK
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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FS KKR 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.

FS KKR 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 )
=(13521-246)/14219
=0.93

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=13729 - 208
=13521

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7880 - 7634 - 0
=246

FS KKR Capital'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 )
=(12696-280)/13729
=0.90

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=12825 - 129
=12696

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7551 - 7271 - 0
=280

* 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 0.90 mean?
FS KKR Capital (FSK) has a Scaled Net Operating Assets of 0.90 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 FS KKR Capital and its competitors.
Is FS KKR Capital's Scaled Net Operating Assets too high?
FS KKR Capital's current Scaled Net Operating Assets is 0.90. Overall, FS KKR Capital has a GF Score™ of 40/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does FS KKR Capital's Scaled Net Operating Assets compare to UTF and ADX?
FS KKR Capital's Scaled Net Operating Assets of 0.90 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 FS KKR Capital and its competitors. FS KKR Capital's current Scaled Net Operating Assets is 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FS KKR Capital stock overvalued right now?
Based on GuruFocus' analysis, FS KKR Capital (FSK) is currently considered Significantly Undervalued. The stock's GF Value™ is $21.46, compared to a current price of $10.05 — trading 53.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.90. FS KKR Capital's overall GF Score™ is 40/100. 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 FS KKR Capital (FSK), the current Scaled Net Operating Assets is 0.90 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 FS KKR Capital (FSK) Overvalued in 2026?

Based on GuruFocus' analysis, FS KKR Capital stock appears to be undervalued. The current stock price of $10.05 is trading 53.2% below its estimated GF Value™ of $21.46. GuruFocus considers FS KKR Capital to be Significantly Undervalued.

Key valuation signals for FSK:

  • Scaled Net Operating Assets: 0.90
  • GF Value™: $21.46 vs. price of $10.05 (53.2% below fair value)
  • GF Score™: 40/100

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

FS KKR Capital Business Description

Other Exchanges FS5A:Germany
Address 3025 JFK Boulevard, OFC 500, Philadelphia, PA, USA, 19104
FS KKR Capital Corp is an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a business development company. The company's investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation. The company's portfolio is comprised of investments in senior secured loans and second lien secured loans of private middle market U.S. companies and, to a lesser extent, subordinated loans and certain asset-based financing loans of private U.S. companies.
40GF 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.

$10.05
Price
$21.46
GF Value