Murrayome Trust (LSE:MUT) Scaled Net Operating Assets: 0.97 (As of Dec. 2025)


LSE:MUT Murray Income Trust PLC LSE:MUT
53 GF Score
Price £9.75
GF Value £15.46
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Murrayome Trust Scaled Net Operating Assets?

Murrayome Trust LSE:MUT +0.72% 53 Scaled Net Operating Assets is 0.97 as of Dec. 2025. GuruFocus rates LSE:MUT with a GF Score™ of 53/100 and a GF Value™ of £15.46 (Significantly Undervalued). The stock has 5 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.

Murrayome Trust's operating assets for the quarter that ended in Dec. 2025 was £1,003.0 Mil. Murrayome Trust's operating liabilities for the quarter that ended in Dec. 2025 was £2.1 Mil. Murrayome Trust's Total Assets for the quarter that ended in Jun. 2025 was £1,033.6 Mil. Therefore, Murrayome Trust's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.97.

LSE:MUT
53GF Score
Murray Income Trust PLC LSE:MUT
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Murrayome 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.

Murrayome Trust'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 )
=(1023.154-4.695)/1111.194
=0.92

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1033.58 - 10.426
=1023.154

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=116.842 - 112.147 - 0
=4.695

Murrayome Trust'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 )
=(1003.041-2.124)/1033.58
=0.97

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1056.101 - 53.06
=1003.041

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=107.346 - 105.222 - 0
=2.124

* 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 0.97 mean?
Murrayome Trust (LSE:MUT) has a Scaled Net Operating Assets of 0.97 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 Murrayome Trust and its competitors.
Is Murrayome Trust's Scaled Net Operating Assets too high?
Murrayome Trust's current Scaled Net Operating Assets is 0.97. Overall, Murrayome Trust has a GF Score™ of 53/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Murrayome Trust's Scaled Net Operating Assets compare to BLK and BX?
Murrayome Trust's Scaled Net Operating Assets of 0.97 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 Murrayome Trust and its competitors. Murrayome Trust's current Scaled Net Operating Assets is 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Murrayome Trust stock overvalued right now?
Based on GuruFocus' analysis, Murrayome Trust (LSE:MUT) is currently considered Significantly Undervalued. The stock's GF Value™ is £15.46, compared to a current price of £9.75 — trading 36.9% below its estimated fair value. The current Scaled Net Operating Assets is 0.97. Murrayome Trust's overall GF Score™ is 53/100 with 5 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 Murrayome Trust (LSE:MUT), the current Scaled Net Operating Assets is 0.97 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 Murrayome Trust (LSE:MUT) Overvalued in 2026?

Based on GuruFocus' analysis, Murrayome Trust stock appears to be undervalued. The current stock price of £9.75 is trading 36.9% below its estimated GF Value™ of £15.46. GuruFocus considers Murrayome Trust to be Significantly Undervalued.

Key valuation signals for LSE:MUT:

  • Scaled Net Operating Assets: 0.97
  • GF Value™: £15.46 vs. price of £9.75 (36.9% below fair value)
  • GF Score™: 53/100 with 5 warning signs

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

Murrayome Trust Business Description

Address 1 George Street, Edinburgh, GBR, EH2 2LL
Murray Income Trust PLC is an asset management firm in the United Kingdom. Its core objective is to achieve high and growing income combined with capital growth through investment in a portfolio of UK equities which cover a diverse range of sectors. Its primary focus remains on dividend-paying growth stocks of large-cap companies. The trust's investment follows a bottom-up and top-down stock picking approach, thereby focusing on factors such as cash flow and balance sheet.
53GF 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.

£9.75
Price
£15.46
GF Value