ICG Enterprise Trust (LSE:ICGT) Scaled Net Operating Assets: 0.94 (As of Jan. 2026)


LSE:ICGT ICG Enterprise Trust PLC LSE:ICGT
48 GF Score
Price £14.04
GF Value £0.59
Valuation Significantly Overvalued
! 2 Warning Signs
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What is ICG Enterprise Trust Scaled Net Operating Assets?

ICG Enterprise Trust LSE:ICGT 48 Scaled Net Operating Assets is 0.94 as of Jan. 2026. GuruFocus rates LSE:ICGT with a GF Score™ of 48/100 and a GF Value™ of £0.59 (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.

ICG Enterprise Trust's operating assets for the quarter that ended in Jan. 2026 was £1,310.39 Mil. ICG Enterprise Trust's operating liabilities for the quarter that ended in Jan. 2026 was £5.08 Mil. ICG Enterprise Trust's Total Assets for the quarter that ended in Jul. 2025 was £1,383.98 Mil. Therefore, ICG Enterprise Trust's scaled net operating assets (SNOA) for the quarter that ended in Jan. 2026 was 0.94.

LSE:ICGT
48GF Score
ICG Enterprise Trust PLC LSE:ICGT
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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ICG Enterprise Trust 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.

ICG Enterprise Trust's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jan. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jan. 2026 )
=(Operating Assets (A: Jan. 2026 )-Operating Liabilities (A: Jan. 2026 ))/Total Assets (A: Jan. 2025 )
=(1310.386-5.081)/1475.494
=0.88

where

Operating Assets(A: Jan. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1344.223 - 33.837
=1310.386

Operating Liabilities(A: Jan. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=71.651 - 66.57 - 0
=5.081

ICG Enterprise Trust's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jan. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jan. 2026 )
=(Operating Assets (Q: Jan. 2026 )-Operating Liabilities (Q: Jan. 2026 ))/Total Assets (Q: Jul. 2025 )
=(1310.386-5.081)/1383.975
=0.94

where

Operating Assets(Q: Jan. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1344.223 - 33.837
=1310.386

Operating Liabilities(Q: Jan. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=71.651 - 66.57 - 0
=5.081

* 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?
ICG Enterprise Trust (LSE:ICGT) has a Scaled Net Operating Assets of 0.94 as of Jan. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on ICG Enterprise Trust and its competitors.
Is ICG Enterprise Trust's Scaled Net Operating Assets too high?
ICG Enterprise Trust's current Scaled Net Operating Assets is 0.94. Overall, ICG Enterprise Trust has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ICG Enterprise Trust's Scaled Net Operating Assets compare to BLK and BX?
ICG Enterprise Trust's 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 ICG Enterprise Trust and its competitors. ICG Enterprise Trust'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 ICG Enterprise Trust stock overvalued right now?
Based on GuruFocus' analysis, ICG Enterprise Trust (LSE:ICGT) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.59, compared to a current price of £14.04 — trading 2279.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.94. ICG Enterprise Trust's overall GF Score™ is 48/100 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 ICG Enterprise Trust (LSE:ICGT), the current Scaled Net Operating Assets is 0.94 as of Jan. 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.

Is ICG Enterprise Trust (LSE:ICGT) Overvalued in 2026?

Based on GuruFocus' analysis, ICG Enterprise Trust stock appears to be overvalued. The current stock price of £14.04 is trading 2279.7% above its estimated GF Value™ of £0.59. GuruFocus considers ICG Enterprise Trust to be Significantly Overvalued.

Key valuation signals for LSE:ICGT:

  • Scaled Net Operating Assets: 0.94
  • GF Value™: £0.59 vs. price of £14.04 (2279.7% above fair value)
  • GF Score™: 48/100 with 2 warning signs

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

ICG Enterprise Trust Business Description

Address 55 Ludgate Hill, Procession House, London, GBR, EC4M 7JW
ICG Enterprise Trust PLC is a UK-listed investor in private equity-backed companies. Its objective is to provide long-term growth by investing in private companies managed by private equity managers. The company invests mainly in profitable, cash-generative private companies in Europe and the United States to generate resilient growth over the long term. It has a flexible investment mandate, enabling it to invest in companies indirectly (through funds managed by ICG and other private equity managers) as well as directly alongside other managers. The company focuses exclusively on investing in cross-border buyouts. Its portfolio is weighted across different sectors, such as Technology, Business Services, Healthcare, Education, Financials, and others.
48GF 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.

£14.04
Price
£0.59
GF Value