Main Street Capital (HAM:13M) Scaled Net Operating Assets: 1.00 (As of Mar. 2026)


HAM:13M Main Street Capital Corp HAM:13M
68 GF Score
Price €44.70
GF Value €42.17
Valuation Fairly Valued
! 10 Warning Signs
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What is Main Street Capital Scaled Net Operating Assets?

Main Street Capital HAM:13M -1.32% 68 Scaled Net Operating Assets is 1.00 as of Mar. 2026. GuruFocus rates HAM:13M with a GF Score™ of 68/100 and a GF Value™ of €42.17 (Fairly Valued). The stock has 10 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.

Main Street Capital's operating assets for the quarter that ended in Mar. 2026 was €5,023.6 Mil. Main Street Capital's operating liabilities for the quarter that ended in Mar. 2026 was €177.5 Mil. Main Street Capital's Total Assets for the quarter that ended in Dec. 2025 was €4,852.2 Mil. Therefore, Main Street Capital's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 1.00.

HAM:13M
68GF Score
Main Street Capital Corp HAM:13M
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Main Street 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.

Main Street 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 )
=(4816.34-196.603)/4890.881
=0.94

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=4852.173 - 35.833
=4816.34

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2295.388 - 2098.785 - 0
=196.603

Main Street 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 )
=(5023.58-177.479)/4852.173
=1.00

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=5041.564 - 17.984
=5023.58

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2365.562 - 2188.083 - 0
=177.479

* 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 1.00 mean?
Main Street Capital (HAM:13M) has a Scaled Net Operating Assets of 1.00 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 Main Street Capital and its competitors.
Is Main Street Capital's Scaled Net Operating Assets too high?
Main Street Capital's current Scaled Net Operating Assets is 1.00. Overall, Main Street Capital has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Main Street Capital's Scaled Net Operating Assets compare to OTF and HASI?
Main Street Capital's Scaled Net Operating Assets of 1.00 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 Main Street Capital and its competitors. Main Street Capital's current Scaled Net Operating Assets is 1.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Main Street Capital stock overvalued right now?
Based on GuruFocus' analysis, Main Street Capital (HAM:13M) is currently considered Fairly Valued. The stock's GF Value™ is €42.17, compared to a current price of €44.70 — trading 6% above its estimated fair value. The current Scaled Net Operating Assets is 1.00. Main Street Capital's overall GF Score™ is 68/100 with 10 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 Main Street Capital (HAM:13M), the current Scaled Net Operating Assets is 1.00 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 Main Street Capital (HAM:13M) Overvalued in 2026?

Based on GuruFocus' analysis, Main Street Capital stock appears to be overvalued. The current stock price of €44.70 is trading 6% above its estimated GF Value™ of €42.17. GuruFocus considers Main Street Capital to be Fairly Valued.

Key valuation signals for HAM:13M:

  • Scaled Net Operating Assets: 1.00
  • GF Value™: €42.17 vs. price of €44.70 (6% above fair value)
  • GF Score™: 68/100 with 10 warning signs

No single metric tells the full story. See the HAM:13M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Main Street Capital Business Description

Other Exchanges MAIN:USA0JXQ:UK13M:Germany
Address 1300 Post Oak Boulevard, 8th Floor, Houston, TX, USA, 77056
Main Street Capital Corp is a principal investment firm focused on providing customized long-term debt and equity capital solutions to lower middle market ("LMM") companies and debt capital to private ("Private Loan") companies owned by or in the process of being acquired by a private equity fund. The group invests principally in secured debt investments, equity investments, warrants, and other securities of LMM companies, typically based in the U.S. The company operates as a single segment with a principal investment objective to maximize total return by generating current income from debt investments and current income and capital appreciation from equity and equity-related investments.
68GF Score

Get the complete analysis for HAM:13M

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€44.70
Price
€42.17
GF Value