British Smaller VCT 2 (LSE:BSC) Scaled Net Operating Assets: 0.84 (As of Dec. 2025)


LSE:BSC British Smaller Companies VCT 2 PLC LSE:BSC
34 GF Score
Price £0.49
GF Value £0.26
Valuation Significantly Overvalued
! 2 Warning Signs
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What is British Smaller VCT 2 Scaled Net Operating Assets?

British Smaller VCT 2 LSE:BSC 34 Scaled Net Operating Assets is 0.84 as of Dec. 2025. GuruFocus rates LSE:BSC with a GF Score™ of 34/100 and a GF Value™ of £0.26 (Significantly Overvalued). The stock has 2 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.

British Smaller VCT 2's operating assets for the quarter that ended in Dec. 2025 was £153.52 Mil. British Smaller VCT 2's operating liabilities for the quarter that ended in Dec. 2025 was £0.96 Mil. British Smaller VCT 2's Total Assets for the quarter that ended in Jun. 2025 was £182.64 Mil. Therefore, British Smaller VCT 2's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.84.

LSE:BSC
34GF Score
British Smaller Companies VCT 2 PLC LSE:BSC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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British Smaller VCT 2 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.

British Smaller VCT 2'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 )
=(153.517-0.958)/161.545
=0.94

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=179.357 - 25.84
=153.517

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.958 - 0 - 0
=0.958

British Smaller VCT 2'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 )
=(153.517-0.958)/182.642
=0.84

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=179.357 - 25.84
=153.517

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.958 - 0 - 0
=0.958

* 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?
British Smaller VCT 2 (LSE:BSC) 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 British Smaller VCT 2 and its competitors.
Is British Smaller VCT 2's Scaled Net Operating Assets too high?
British Smaller VCT 2's current Scaled Net Operating Assets is 0.84. Overall, British Smaller VCT 2 has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does British Smaller VCT 2's Scaled Net Operating Assets compare to BLK and BX?
British Smaller VCT 2'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 British Smaller VCT 2 and its competitors. British Smaller VCT 2'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 British Smaller VCT 2 stock overvalued right now?
Based on GuruFocus' analysis, British Smaller VCT 2 (LSE:BSC) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.26, compared to a current price of £0.49 — trading 89.2% above its estimated fair value. The current Scaled Net Operating Assets is 0.84. British Smaller VCT 2's overall GF Score™ is 34/100 with 2 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 British Smaller VCT 2 (LSE:BSC), 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.

Is British Smaller VCT 2 (LSE:BSC) Overvalued in 2026?

Based on GuruFocus' analysis, British Smaller VCT 2 stock appears to be overvalued. The current stock price of £0.49 is trading 89.2% above its estimated GF Value™ of £0.26. GuruFocus considers British Smaller VCT 2 to be Significantly Overvalued.

Key valuation signals for LSE:BSC:

  • Scaled Net Operating Assets: 0.84
  • GF Value™: £0.26 vs. price of £0.49 (89.2% above fair value)
  • GF Score™: 34/100 with 2 warning signs

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

British Smaller VCT 2 Business Description

Address 2 Bond Court, 4th Floor, Leeds, GBR, LS1 2JZ
British Smaller Companies VCT 2 PLC operates as a venture capital trust in the United Kingdom. The investment planning of the company is to invest in UK businesses across a broad range of sectors that blend a mix of businesses operating in established and emerging industries that offer opportunities for the application and development of innovation in their products and services.
34GF 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.

£0.49
Price
£0.26
GF Value