City of London Investment Trust (The) (LSE:CTY) Scaled Net Operating Assets: 1.06 (As of Dec. 2025)


LSE:CTY City of London Investment Trust (The) PLC LSE:CTY
44 GF Score
Price £5.69
GF Value £14.01
Valuation Significantly Undervalued
! 4 Warning Signs
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What is City of London Investment Trust (The) Scaled Net Operating Assets?

City of London Investment Trust (The) LSE:CTY +0.53% 44 Scaled Net Operating Assets is 1.06 as of Dec. 2025. GuruFocus rates LSE:CTY with a GF Score™ of 44/100 and a GF Value™ of £14.01 (Significantly Undervalued). 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.

City of London Investment Trust (The)'s operating assets for the quarter that ended in Dec. 2025 was £2,777.7 Mil. City of London Investment Trust (The)'s operating liabilities for the quarter that ended in Dec. 2025 was £164.2 Mil. City of London Investment Trust (The)'s Total Assets for the quarter that ended in Jun. 2025 was £2,470.3 Mil. Therefore, City of London Investment Trust (The)'s scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 1.06.

LSE:CTY
44GF Score
City of London Investment Trust (The) PLC LSE:CTY
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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City of London Investment Trust (The) 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.

City of London Investment Trust (The)'s Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2025 )
=(Operating Assets (A: Jun. 2025 )-Operating Liabilities (A: Jun. 2025 ))/Total Assets (A: Jun. 2024 )
=(2470.318-6.931)/2259.503
=1.09

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2470.318 - 0
=2470.318

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=138.279 - 131.348 - 0
=6.931

City of London Investment Trust (The)'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 )
=(2777.689-164.234)/2470.318
=1.06

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2777.689 - 0
=2777.689

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=164.234 - 0 - 0
=164.234

* 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 1.06 mean?
City of London Investment Trust (The) (LSE:CTY) has a Scaled Net Operating Assets of 1.06 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 City of London Investment Trust (The) and its competitors.
Is City of London Investment Trust (The)'s Scaled Net Operating Assets too high?
City of London Investment Trust (The)'s current Scaled Net Operating Assets is 1.06. Overall, City of London Investment Trust (The) has a GF Score™ of 44/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does City of London Investment Trust (The)'s Scaled Net Operating Assets compare to BLK and BX?
City of London Investment Trust (The)'s Scaled Net Operating Assets of 1.06 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 City of London Investment Trust (The) and its competitors. City of London Investment Trust (The)'s current Scaled Net Operating Assets is 1.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is City of London Investment Trust (The) stock overvalued right now?
Based on GuruFocus' analysis, City of London Investment Trust (The) (LSE:CTY) is currently considered Significantly Undervalued. The stock's GF Value™ is £14.01, compared to a current price of £5.69 — trading 59.4% below its estimated fair value. The current Scaled Net Operating Assets is 1.06. City of London Investment Trust (The)'s overall GF Score™ is 44/100 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 City of London Investment Trust (The) (LSE:CTY), the current Scaled Net Operating Assets is 1.06 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 City of London Investment Trust (The) (LSE:CTY) Overvalued in 2026?

Based on GuruFocus' analysis, City of London Investment Trust (The) stock appears to be undervalued. The current stock price of £5.69 is trading 59.4% below its estimated GF Value™ of £14.01. GuruFocus considers City of London Investment Trust (The) to be Significantly Undervalued.

Key valuation signals for LSE:CTY:

  • Scaled Net Operating Assets: 1.06
  • GF Value™: £14.01 vs. price of £5.69 (59.4% below fair value)
  • GF Score™: 44/100 with 4 warning signs

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

City of London Investment Trust (The) Business Description

Address 201 Bishopsgate, London, GBR, EC2M 3AE
City of London Investment Trust (The) PLC is an investment trust which aims to provide long-term growth in income and capital through investments in equities listed on the London Stock Exchange. While the company mainly invests in equities, there is the flexibility to invest in debt securities, such as convertibles, corporate bonds, or government debt. It generates key revenue from investing in the UK market.
44GF Score

Get the complete analysis for LSE:CTY

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

£5.69
Price
£14.01
GF Value