LEO (BNY Mellon Strategic Municipals,) Scaled Net Operating Assets: 0.86 (As of Mar. 2026)


LEO BNY Mellon Strategic Municipals, Inc. LEO
30 GF Score
Price $6.45
! 6 Warning Signs
View Full Analysis

What is BNY Mellon Strategic Municipals, Scaled Net Operating Assets?

BNY Mellon Strategic Municipals, LEO +0.16% 30 Scaled Net Operating Assets is 0.86 as of Mar. 2026. GuruFocus rates LEO with a GF Score™ of 30/100. The stock has 6 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.

BNY Mellon Strategic Municipals,'s operating assets for the quarter that ended in Mar. 2026 was $647.93 Mil. BNY Mellon Strategic Municipals,'s operating liabilities for the quarter that ended in Mar. 2026 was $89.36 Mil. BNY Mellon Strategic Municipals,'s Total Assets for the quarter that ended in Sep. 2025 was $646.34 Mil. Therefore, BNY Mellon Strategic Municipals,'s scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.86.

LEO
30GF Score
BNY Mellon Strategic Municipals, Inc. LEO
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BNY Mellon Strategic Municipals, 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.

BNY Mellon Strategic Municipals,'s Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Sep. 2025 )
=(Operating Assets (A: Sep. 2025 )-Operating Liabilities (A: Sep. 2025 ))/Total Assets (A: Sep. 2024 )
=(646.232-83.921)/677.007
=0.83

where

Operating Assets(A: Sep. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=646.339 - 0.107
=646.232

Operating Liabilities(A: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=222.966 - 139.045 - 0
=83.921

BNY Mellon Strategic Municipals,'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: Sep. 2025 )
=(647.932-89.355)/646.339
=0.86

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=648.019 - 0.087
=647.932

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=228.4 - 139.045 - 0
=89.355

* 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 0.86 mean?
BNY Mellon Strategic Municipals, (LEO) has a Scaled Net Operating Assets of 0.86 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 BNY Mellon Strategic Municipals, and its competitors.
Is BNY Mellon Strategic Municipals,'s Scaled Net Operating Assets too high?
BNY Mellon Strategic Municipals,'s current Scaled Net Operating Assets is 0.86. Overall, BNY Mellon Strategic Municipals, has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does BNY Mellon Strategic Municipals,'s Scaled Net Operating Assets compare to VKI and AEF?
BNY Mellon Strategic Municipals,'s Scaled Net Operating Assets of 0.86 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 BNY Mellon Strategic Municipals, and its competitors. BNY Mellon Strategic Municipals,'s current Scaled Net Operating Assets is 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BNY Mellon Strategic Municipals, stock overvalued right now?
BNY Mellon Strategic Municipals, (LEO) has a current Scaled Net Operating Assets of 0.86. The current Scaled Net Operating Assets is 0.86. BNY Mellon Strategic Municipals,'s overall GF Score™ is 30/100 with 6 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 BNY Mellon Strategic Municipals, (LEO), the current Scaled Net Operating Assets is 0.86 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.

BNY Mellon Strategic Municipals, Business Description

Address c/o BNY Mellon Investment Adviser, Inc, 240 Greenwich Street, New York, NY, USA, 10286
BNY Mellon Strategic Municipals, Inc. is a diversified closed-end management investment company. The fund's investment objective is to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. Its products include equity and fixed income mutual funds, retail money market funds, government/treasury money market funds, institutional money market funds, and others. The company and its affiliates, as well as others involved in the management, sales, investment activities, business operations, or distribution of the fund, are engaged in businesses and have interests other than those of managing the fund.
30GF Score

Get the complete analysis for LEO

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

$6.45
Price