ICMB (Investcorp Credit Management BDC) Scaled Net Operating Assets: 0.84 (As of Mar. 2026)


ICMB Investcorp Credit Management BDC Inc ICMB
37 GF Score
Price $1.19
GF Value $2.92
Valuation Significantly Undervalued
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What is Investcorp Credit Management BDC Scaled Net Operating Assets?

Investcorp Credit Management BDC ICMB -4.88% 37 Scaled Net Operating Assets is 0.84 as of Mar. 2026. GuruFocus rates ICMB with a GF Score™ of 37/100 and a GF Value™ of $2.92 (Significantly Undervalued).

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

Investcorp Credit Management BDC's operating assets for the quarter that ended in Mar. 2026 was $161.82 Mil. Investcorp Credit Management BDC's operating liabilities for the quarter that ended in Mar. 2026 was $3.75 Mil. Investcorp Credit Management BDC's Total Assets for the quarter that ended in Dec. 2025 was $188.84 Mil. Therefore, Investcorp Credit Management BDC's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.84.

ICMB
37GF Score
Investcorp Credit Management BDC Inc ICMB
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Investcorp Credit Management 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.

Investcorp Credit Management 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: Jun. 2024 )
=(184.255-4.383)/192.238
=0.94

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=188.837 - 4.582
=184.255

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=127.511 - 123.128 - 0
=4.383

Investcorp Credit Management 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 )
=(161.819-3.75)/188.837
=0.84

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=164.559 - 2.74
=161.819

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=111.861 - 108.111 - 0
=3.75

* 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 0.84 mean?
Investcorp Credit Management BDC (ICMB) has a Scaled Net Operating Assets of 0.84 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 Investcorp Credit Management BDC and its competitors.
Is Investcorp Credit Management BDC's Scaled Net Operating Assets too high?
Investcorp Credit Management BDC's current Scaled Net Operating Assets is 0.84. Overall, Investcorp Credit Management BDC has a GF Score™ of 37/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Investcorp Credit Management BDC's Scaled Net Operating Assets compare to EQS and BHV?
Investcorp Credit Management BDC's Scaled Net Operating Assets of 0.84 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 Investcorp Credit Management BDC and its competitors. Investcorp Credit Management BDC's current Scaled Net Operating Assets is 0.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Investcorp Credit Management BDC stock overvalued right now?
Based on GuruFocus' analysis, Investcorp Credit Management BDC (ICMB) is currently considered Significantly Undervalued. The stock's GF Value™ is $2.92, compared to a current price of $1.19 — trading 59.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.84. Investcorp Credit Management BDC's overall GF Score™ is 37/100. 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 Investcorp Credit Management BDC (ICMB), the current Scaled Net Operating Assets is 0.84 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 Investcorp Credit Management BDC (ICMB) Overvalued in 2026?

Based on GuruFocus' analysis, Investcorp Credit Management BDC stock appears to be undervalued. The current stock price of $1.19 is trading 59.2% below its estimated GF Value™ of $2.92. GuruFocus considers Investcorp Credit Management BDC to be Significantly Undervalued.

Key valuation signals for ICMB:

  • Scaled Net Operating Assets: 0.84
  • GF Value™: $2.92 vs. price of $1.19 (59.2% below fair value)
  • GF Score™: 37/100

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

Investcorp Credit Management BDC Business Description

Address 280 Park Avenue, 39th Floor, New York, NY, USA, 10017
Investcorp Credit Management BDC Inc is an externally managed, non-diversified closed-end management investment firm that has elected to be regulated as a business development company (BDC). The investment objective of the company is to maximize total return to stockholders in the form of current income and capital appreciation by investing in debt and related equity of privately held lower middle-market companies. The company principally invests in the debt of middle-market companies, which it defines as those companies that have an enterprise value.
37GF 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.

$1.19
Price
$2.92
GF Value