Blackfinch Spring VCT (LSE:BFSP) Scaled Net Operating Assets: 0.90 (As of Dec. 2025)

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LSE:BFSP Blackfinch Spring VCT PLC LSE:BFSP
33 GF Score
Price £0.82
GF Value £0.42
Valuation Significantly Overvalued
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What is Blackfinch Spring VCT Scaled Net Operating Assets?

Blackfinch Spring VCT LSE:BFSP 33 Scaled Net Operating Assets is 0.90 as of Dec. 2025. GuruFocus rates LSE:BFSP with a GF Score™ of 33/100 and a GF Value™ of £0.42 (Significantly Overvalued).

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

Blackfinch Spring VCT's operating assets for the quarter that ended in Dec. 2025 was £58.72 Mil. Blackfinch Spring VCT's operating liabilities for the quarter that ended in Dec. 2025 was £0.60 Mil. Blackfinch Spring VCT's Total Assets for the quarter that ended in Jun. 2025 was £64.73 Mil. Therefore, Blackfinch Spring VCT's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.90.

LSE:BFSP
33GF Score
Blackfinch Spring VCT PLC LSE:BFSP
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Blackfinch Spring VCT 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.

Blackfinch Spring VCT'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 )
=(58.719-0.595)/48.455
=1.20

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=67.423 - 8.704
=58.719

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.595 - 0 - 0
=0.595

Blackfinch Spring VCT'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 )
=(58.719-0.595)/64.733
=0.90

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=67.423 - 8.704
=58.719

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.595 - 0 - 0
=0.595

* 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 0.90 mean?
Blackfinch Spring VCT (LSE:BFSP) has a Scaled Net Operating Assets of 0.90 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 Blackfinch Spring VCT and its competitors.
Is Blackfinch Spring VCT's Scaled Net Operating Assets too high?
Blackfinch Spring VCT's current Scaled Net Operating Assets is 0.90. Overall, Blackfinch Spring VCT has a GF Score™ of 33/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Blackfinch Spring VCT's Scaled Net Operating Assets compare to BLK and BX?
Blackfinch Spring VCT's Scaled Net Operating Assets of 0.90 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 Blackfinch Spring VCT and its competitors. Blackfinch Spring VCT's current Scaled Net Operating Assets is 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blackfinch Spring VCT stock overvalued right now?
Based on GuruFocus' analysis, Blackfinch Spring VCT (LSE:BFSP) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.42, compared to a current price of £0.82 — trading 94% above its estimated fair value. The current Scaled Net Operating Assets is 0.90. Blackfinch Spring VCT's overall GF Score™ is 33/100. 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 Blackfinch Spring VCT (LSE:BFSP), the current Scaled Net Operating Assets is 0.90 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 Blackfinch Spring VCT (LSE:BFSP) Overvalued in 2026?

Based on GuruFocus' analysis, Blackfinch Spring VCT stock appears to be overvalued. The current stock price of £0.82 is trading 94% above its estimated GF Value™ of £0.42. GuruFocus considers Blackfinch Spring VCT to be Significantly Overvalued.

Key valuation signals for LSE:BFSP:

  • Scaled Net Operating Assets: 0.90
  • GF Value™: £0.42 vs. price of £0.82 (94% above fair value)
  • GF Score™: 33/100

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

Blackfinch Spring VCT Business Description

Address Meadow Barn, Elkstone Studios, Elkstone Studios, Cheltenham, GBR, GL53 9PQ
Blackfinch Spring VCT PLC is an investment management company. Its objective is to invest in growth-stage technology-enabled companies that are on their scale-up journey. The Company is engaged in a single segment of business, being the investment business.
33GF Score

Get the complete analysis for LSE:BFSP

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

£0.82
Price
£0.42
GF Value