GAB (Gabelli Equity Trust) Scaled Net Operating Assets: 0.98 (As of Dec. 2025)


GAB Gabelli Equity Trust Inc GAB
58 GF Score
Price $5.64
GF Value $6.79
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Gabelli Equity Trust Scaled Net Operating Assets?

Gabelli Equity Trust GAB -0.53% 58 Scaled Net Operating Assets is 0.98 as of Dec. 2025. GuruFocus rates GAB with a GF Score™ of 58/100 and a GF Value™ of $6.79 (Modestly Undervalued). 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.

Gabelli Equity Trust's operating assets for the quarter that ended in Dec. 2025 was $2,088.7 Mil. Gabelli Equity Trust's operating liabilities for the quarter that ended in Dec. 2025 was $105.4 Mil. Gabelli Equity Trust's Total Assets for the quarter that ended in Jun. 2025 was $2,021.9 Mil. Therefore, Gabelli Equity Trust's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.98.

GAB
58GF Score
Gabelli Equity Trust Inc GAB
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Gabelli Equity Trust 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.

Gabelli Equity Trust'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 )
=(2088.682-105.417)/1961.593
=1.01

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2089.235 - 0.553
=2088.682

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=105.417 - 0 - 0
=105.417

Gabelli Equity Trust'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: Jun. 2025 )
=(2088.682-105.417)/2021.9
=0.98

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2089.235 - 0.553
=2088.682

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=105.417 - 0 - 0
=105.417

* 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 0.98 mean?
Gabelli Equity Trust (GAB) has a Scaled Net Operating Assets of 0.98 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 Gabelli Equity Trust and its competitors.
Is Gabelli Equity Trust's Scaled Net Operating Assets too high?
Gabelli Equity Trust's current Scaled Net Operating Assets is 0.98. Overall, Gabelli Equity Trust has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gabelli Equity Trust's Scaled Net Operating Assets compare to PAX and ETG?
Gabelli Equity Trust's Scaled Net Operating Assets of 0.98 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 Gabelli Equity Trust and its competitors. Gabelli Equity Trust's current Scaled Net Operating Assets is 0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gabelli Equity Trust stock overvalued right now?
Based on GuruFocus' analysis, Gabelli Equity Trust (GAB) is currently considered Modestly Undervalued. The stock's GF Value™ is $6.79, compared to a current price of $5.64 — trading 16.9% below its estimated fair value. The current Scaled Net Operating Assets is 0.98. Gabelli Equity Trust's overall GF Score™ is 58/100 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 Gabelli Equity Trust (GAB), the current Scaled Net Operating Assets is 0.98 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 Gabelli Equity Trust (GAB) Overvalued in 2026?

Based on GuruFocus' analysis, Gabelli Equity Trust stock appears to be undervalued. The current stock price of $5.64 is trading 16.9% below its estimated GF Value™ of $6.79. GuruFocus considers Gabelli Equity Trust to be Modestly Undervalued.

Key valuation signals for GAB:

  • Scaled Net Operating Assets: 0.98
  • GF Value™: $6.79 vs. price of $5.64 (16.9% below fair value)
  • GF Score™: 58/100 with 3 warning signs

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

Gabelli Equity Trust Business Description

Address One Corporate Center, Rye, NY, USA, 10580-1422
Gabelli Equity Trust Inc is a non-diversified closed-end management investment company. Its primary investment objective is the long-term growth of capital with income as a secondary objective. The Fund invests at least its assets in equity securities under normal market conditions. Its equity portfolio includes common stock, preferred stock, convertible or exchangeable securities, and warrants and rights to purchase such securities selected by the Investment Adviser. The company invests in various sectors, of which Food & Beverage, Financial Services, Equipment and Supplies, Entertainment, Consumer Products, Health Care, Diversified Industrial, Business Services, Consumer Services and others.
58GF 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.

$5.64
Price
$6.79
GF Value