LCLN (Lincoln International) Scaled Net Operating Assets: 0.84 (As of Dec. 2025)


LCLN Lincoln International Inc LCLN
21 GF Score
Price $21.67
! 4 Warning Signs
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What is Lincoln International Scaled Net Operating Assets?

Lincoln International LCLN -3.47% 21 Scaled Net Operating Assets is 0.84 as of Dec. 2025. GuruFocus rates LCLN with a GF Score™ of 21/100. The stock has 4 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.

Lincoln International's operating assets for the quarter that ended in Dec. 2025 was $798.0 Mil. Lincoln International's operating liabilities for the quarter that ended in Dec. 2025 was $260.3 Mil. Lincoln International's Total Assets for the quarter that ended in Dec. 2024 was $640.2 Mil. Therefore, Lincoln International's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.84.

Lincoln International Scaled Net Operating Assets Historical Data

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The historical data trend for Lincoln International's Scaled Net Operating Assets can be seen below:

* 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.

Lincoln International Scaled Net Operating Assets Chart

Lincoln International Annual Data
Trend Dec20 Dec21 Dec23 Dec24 Dec25
Scaled Net Operating Assets
0.27 0.34 0.44 0.47 0.84

Lincoln International Semi-Annual Data
Dec20 Dec21 Dec23 Dec24 Dec25
Scaled Net Operating Assets 0.27 0.34 0.44 0.47 0.84

LCLN vs TIGR, ABTC, RHNO: Scaled Net Operating Assets Comparison

For the Capital Markets subindustry, Lincoln International's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Lincoln International Scaled Net Operating Assets vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Lincoln International's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Lincoln International's Scaled Net Operating Assets falls into.


LCLN
21GF Score
Lincoln International Inc LCLN
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Lincoln International 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.

Lincoln International'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 )
=(797.969-260.313)/640.161
=0.84

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1118.138 - 320.169
=797.969

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=679.532 - 419.219 - 0
=260.313

Lincoln International'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: Dec. 2024 )
=(797.969-260.313)/640.161
=0.84

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1118.138 - 320.169
=797.969

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=679.532 - 419.219 - 0
=260.313

* 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?
Lincoln International (LCLN) has a Scaled Net Operating Assets of 0.84 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 Lincoln International and its competitors.
Is Lincoln International's Scaled Net Operating Assets too high?
Lincoln International's current Scaled Net Operating Assets is 0.84. Overall, Lincoln International has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Lincoln International's Scaled Net Operating Assets compare to TIGR and ABTC?
Lincoln International's Scaled Net Operating Assets of 0.84 can be compared against companies in the Capital Markets 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 a Capital Markets company?
A good Scaled Net Operating Assets depends on the Capital Markets 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 Lincoln International and its competitors. Lincoln International'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 Lincoln International stock overvalued right now?
Lincoln International (LCLN) has a current Scaled Net Operating Assets of 0.84. The current Scaled Net Operating Assets is 0.84. Lincoln International's overall GF Score™ is 21/100 with 4 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 Lincoln International (LCLN), the current Scaled Net Operating Assets is 0.84 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.

Lincoln International Business Description

Address 110 North Wacker Drive, 51st Floor, Chicago, IL, USA, 60606
Lincoln International Inc is an independent investment banking advisory company focused on private capital markets. The company operates its business through its two operating segments: Investment Banking Advisory and Valuations and Opinions. The Investment Banking Advisory segment offers a range of services related to mergers and acquisitions, with key areas of focus including sell-side advisory, buy-side advisory, asset sales and divestitures, restructuring, primary and secondary capital raising, and merger-related engagements. The Valuations and Opinions segment provides valuation services to investment funds and financial institutions. The majority of revenue is derived from the Investment Banking Advisory segment. Geographically, the maximum revenue is derived from the Americas.
21GF 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.

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