Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Mercia Asset Management's operating assets for the quarter that ended in Mar. 2026 was £160.92 Mil. Mercia Asset Management's operating liabilities for the quarter that ended in Mar. 2026 was £12.80 Mil. Mercia Asset Management's Total Assets for the quarter that ended in Sep. 2025 was £201.89 Mil. Therefore, Mercia Asset Management's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.73.
Mercia Asset Management Scaled Net Operating Assets Related Terms
Mercia Asset Management Scaled Net Operating Assets Historical Data
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The historical data trend for Mercia Asset Management's Scaled Net Operating Assets can be seen below:
* 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.
Mercia Asset Management Scaled Net Operating Assets Chart
LSE:MERC vs BLK, BX, KKR: Scaled Net Operating Assets Comparison
For the Asset Management subindustry, Mercia Asset Management's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Mercia Asset Management Scaled Net Operating Assets vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Mercia Asset Management's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Mercia Asset Management's Scaled Net Operating Assets falls into.
* 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 0.73 mean?
Mercia Asset Management (LSE:MERC) has a Scaled Net Operating Assets of 0.73 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Mercia Asset Management and its competitors.
Is Mercia Asset Management's Scaled Net Operating Assets too high?
Mercia Asset Management's current Scaled Net Operating Assets is 0.73. Overall, Mercia Asset Management has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mercia Asset Management's Scaled Net Operating Assets compare to BLK and BX?
Mercia Asset Management's Scaled Net Operating Assets of 0.73 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 Mercia Asset Management and its competitors. Mercia Asset Management's current Scaled Net Operating Assets is 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercia Asset Management stock overvalued right now?
Based on GuruFocus' analysis, Mercia Asset Management (LSE:MERC) is currently considered Modestly Undervalued. The stock's GF Value™ is £0.32, compared to a current price of £0.27 — trading 17.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.73. Mercia Asset Management's overall GF Score™ is 56/100 with 6 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 Mercia Asset Management (LSE:MERC), the current Scaled Net Operating Assets is 0.73 as of Mar. 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 Mercia Asset Management (LSE:MERC) Overvalued in 2026?
Based on GuruFocus' analysis, Mercia Asset Management stock appears to be undervalued.
The current stock price of £0.27 is trading 17.2% below its estimated GF Value™ of £0.32.
GuruFocus considers Mercia Asset Management to be Modestly Undervalued.
Key valuation signals for LSE:MERC:
Scaled Net Operating Assets: 0.73
GF Value™: £0.32 vs. price of £0.27 (17.2% below fair value)
No single metric tells the full story. See the LSE:MERC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mercia Asset Management PLC is a specialist asset manager focusing on supporting regional SMEs. The company provides capital across its four asset classes proprietary balance sheet capital, venture capital, private equity, and debt. The company initially nurtures businesses via its third-party funds under management and then, over time, provides further funding to the companies by deploying direct investment follow-on capital from its balance sheet. It has more than eight offices in the UK region, approx. 20 university partnerships and extensive personal networks, providing it with access to high-quality deal flow.
56GF Score
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