NextEnergy Solar Fund (LSE:NESF) Scaled Net Operating Assets: 0.58 (As of Mar. 2026)


LSE:NESF NextEnergy Solar Fund Ltd LSE:NESF
35 GF Score
Price £0.46
GF Value £0.01
Valuation Significantly Overvalued
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What is NextEnergy Solar Fund Scaled Net Operating Assets?

NextEnergy Solar Fund LSE:NESF -0.76% 35 Scaled Net Operating Assets is 0.58 as of Mar. 2026. GuruFocus rates LSE:NESF with a GF Score™ of 35/100 and a GF Value™ of £0.01 (Significantly Overvalued).

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

NextEnergy Solar Fund's operating assets for the quarter that ended in Mar. 2026 was £613.70 Mil. NextEnergy Solar Fund's operating liabilities for the quarter that ended in Mar. 2026 was £201.29 Mil. NextEnergy Solar Fund's Total Assets for the quarter that ended in Sep. 2025 was £712.40 Mil. Therefore, NextEnergy Solar Fund's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.58.

LSE:NESF
35GF Score
NextEnergy Solar Fund Ltd LSE:NESF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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NextEnergy Solar Fund 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.

NextEnergy Solar Fund's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(613.697-201.288)/748.624
=0.55

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=638.798 - 25.101
=613.697

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=201.288 - 0 - 0
=201.288

NextEnergy Solar Fund's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Sep. 2025 )
=(613.697-201.288)/712.396
=0.58

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=638.798 - 25.101
=613.697

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=201.288 - 0 - 0
=201.288

* 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 0.58 mean?
NextEnergy Solar Fund (LSE:NESF) has a Scaled Net Operating Assets of 0.58 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 NextEnergy Solar Fund and its competitors.
Is NextEnergy Solar Fund's Scaled Net Operating Assets too high?
NextEnergy Solar Fund's current Scaled Net Operating Assets is 0.58. Overall, NextEnergy Solar Fund has a GF Score™ of 35/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NextEnergy Solar Fund's Scaled Net Operating Assets compare to BLK and BX?
NextEnergy Solar Fund's Scaled Net Operating Assets of 0.58 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 NextEnergy Solar Fund and its competitors. NextEnergy Solar Fund's current Scaled Net Operating Assets is 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NextEnergy Solar Fund stock overvalued right now?
Based on GuruFocus' analysis, NextEnergy Solar Fund (LSE:NESF) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.01, compared to a current price of £0.46 — trading 4455% above its estimated fair value. The current Scaled Net Operating Assets is 0.58. NextEnergy Solar Fund's overall GF Score™ is 35/100. 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 NextEnergy Solar Fund (LSE:NESF), the current Scaled Net Operating Assets is 0.58 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 NextEnergy Solar Fund (LSE:NESF) Overvalued in 2026?

Based on GuruFocus' analysis, NextEnergy Solar Fund stock appears to be overvalued. The current stock price of £0.46 is trading 4455% above its estimated GF Value™ of £0.01. GuruFocus considers NextEnergy Solar Fund to be Significantly Overvalued.

Key valuation signals for LSE:NESF:

  • Scaled Net Operating Assets: 0.58
  • GF Value™: £0.01 vs. price of £0.46 (4455% above fair value)
  • GF Score™: 35/100

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

NextEnergy Solar Fund Business Description

Address Trafalgar Court, Floor 2, Les Banques, St. Peter Port, GGY, GY1 4LY
NextEnergy Solar Fund Ltd is a closed-ended investment company. The company seeks to provide investors with a sustainable and attractive dividend that increases in line with RPI over the long term. It invests in solar photovoltaic plants or debt financing through its subsidiaries and generates revenues from the sale of electricity.
35GF 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.

£0.46
Price
£0.01
GF Value