Gabelli Merchant Partners (LSE:GMPP) Scaled Net Operating Assets: 0.94 (As of Dec. 2025)


LSE:GMPP Gabelli Merchant Partners PLC LSE:GMPP
50 GF Score
Price $8.60
GF Value $17.58
! 2 Warning Signs
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What is Gabelli Merchant Partners Scaled Net Operating Assets?

Gabelli Merchant Partners LSE:GMPP 50 Scaled Net Operating Assets is 0.94 as of Dec. 2025. GuruFocus rates LSE:GMPP with a GF Score™ of 50/100 and a GF Value™ of $17.58. 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.

Gabelli Merchant Partners's operating assets for the quarter that ended in Dec. 2025 was $73.52 Mil. Gabelli Merchant Partners's operating liabilities for the quarter that ended in Dec. 2025 was $2.25 Mil. Gabelli Merchant Partners's Total Assets for the quarter that ended in Jun. 2025 was $75.89 Mil. Therefore, Gabelli Merchant Partners's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.94.

LSE:GMPP
50GF Score
Gabelli Merchant Partners PLC LSE:GMPP
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Gabelli Merchant Partners 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.

Gabelli Merchant Partners'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 )
=(72.007-3.118)/70.214
=0.98

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=75.887 - 3.88
=72.007

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3.172 - 0.054 - 0
=3.118

Gabelli Merchant Partners'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 )
=(73.523-2.25)/75.887
=0.94

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=81.021 - 7.498
=73.523

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6.965 - 4.715 - 0
=2.25

* 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 0.94 mean?
Gabelli Merchant Partners (LSE:GMPP) has a Scaled Net Operating Assets of 0.94 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 Gabelli Merchant Partners and its competitors.
Is Gabelli Merchant Partners' Scaled Net Operating Assets too high?
Gabelli Merchant Partners' current Scaled Net Operating Assets is 0.94. Overall, Gabelli Merchant Partners has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does Gabelli Merchant Partners' Scaled Net Operating Assets compare to BLK and BX?
Gabelli Merchant Partners' Scaled Net Operating Assets of 0.94 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 Gabelli Merchant Partners and its competitors. Gabelli Merchant Partners's current Scaled Net Operating Assets is 0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gabelli Merchant Partners stock overvalued right now?
Gabelli Merchant Partners (LSE:GMPP) has a current Scaled Net Operating Assets of 0.94. The stock's GF Value™ is $17.58, compared to a current price of $8.60 — trading 51.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.94. Gabelli Merchant Partners' overall GF Score™ is 50/100 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 Gabelli Merchant Partners (LSE:GMPP), the current Scaled Net Operating Assets is 0.94 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 Gabelli Merchant Partners (LSE:GMPP) Overvalued in 2026?

Based on GuruFocus' analysis, Gabelli Merchant Partners stock appears to be undervalued. The current stock price of $8.60 is trading 51.1% below its estimated GF Value™ of $17.58.

Key valuation signals for LSE:GMPP:

  • Scaled Net Operating Assets: 0.94
  • GF Value™: $17.58 vs. price of $8.60 (51.1% below fair value)
  • GF Score™: 50/100 with 2 warning signs

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

Gabelli Merchant Partners Business Description

Address 3 St James's Place, London, GBR, SW1A 1NP
Gabelli Merchant Partners PLC is an investment company based in the United Kingdom. Its investment objective is to seek to generate total return, consisting of capital appreciation and current income. The Company will seek a secondary objective of the protection of capital, uncorrelated with equity and fixed income markets.
50GF 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.

$8.60
Price
$17.58
GF Value