Polar Capital Global Financials Trust (LSE:PCFT) Scaled Net Operating Assets: 0.56 (As of Nov. 2025)


LSE:PCFT Polar Capital Global Financials Trust PLC LSE:PCFT
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What is Polar Capital Global Financials Trust Scaled Net Operating Assets?

Polar Capital Global Financials Trust LSE:PCFT -0.63% 37 Scaled Net Operating Assets is 0.56 as of Nov. 2025. GuruFocus rates LSE:PCFT with a GF Score™ of 37/100. 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.

Polar Capital Global Financials Trust's operating assets for the quarter that ended in Nov. 2025 was £415.51 Mil. Polar Capital Global Financials Trust's operating liabilities for the quarter that ended in Nov. 2025 was £9.64 Mil. Polar Capital Global Financials Trust's Total Assets for the quarter that ended in May. 2025 was £728.07 Mil. Therefore, Polar Capital Global Financials Trust's scaled net operating assets (SNOA) for the quarter that ended in Nov. 2025 was 0.56.

LSE:PCFT
37GF Score
Polar Capital Global Financials Trust PLC LSE:PCFT
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Polar Capital Global Financials 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.

Polar Capital Global Financials Trust's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Nov. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Nov. 2025 )
=(Operating Assets (A: Nov. 2025 )-Operating Liabilities (A: Nov. 2025 ))/Total Assets (A: Nov. 2024 )
=(415.509-9.639)/711.722
=0.57

where

Operating Assets(A: Nov. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=426.346 - 10.837
=415.509

Operating Liabilities(A: Nov. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=50.054 - 40.415 - 0
=9.639

Polar Capital Global Financials Trust's Scaled Net Operating Assets (SNOA) for the quarter that ended in Nov. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Nov. 2025 )
=(Operating Assets (Q: Nov. 2025 )-Operating Liabilities (Q: Nov. 2025 ))/Total Assets (Q: May. 2025 )
=(415.509-9.639)/728.067
=0.56

where

Operating Assets(Q: Nov. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=426.346 - 10.837
=415.509

Operating Liabilities(Q: Nov. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=50.054 - 40.415 - 0
=9.639

* 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 0.56 mean?
Polar Capital Global Financials Trust (LSE:PCFT) has a Scaled Net Operating Assets of 0.56 as of Nov. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Polar Capital Global Financials Trust and its competitors.
Is Polar Capital Global Financials Trust's Scaled Net Operating Assets too high?
Polar Capital Global Financials Trust's current Scaled Net Operating Assets is 0.56. Overall, Polar Capital Global Financials Trust has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Polar Capital Global Financials Trust's Scaled Net Operating Assets compare to BLK and BX?
Polar Capital Global Financials Trust's Scaled Net Operating Assets of 0.56 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 Polar Capital Global Financials Trust and its competitors. Polar Capital Global Financials Trust's current Scaled Net Operating Assets is 0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polar Capital Global Financials Trust stock overvalued right now?
Polar Capital Global Financials Trust (LSE:PCFT) has a current Scaled Net Operating Assets of 0.56. The current Scaled Net Operating Assets is 0.56. Polar Capital Global Financials Trust's overall GF Score™ is 37/100 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 Polar Capital Global Financials Trust (LSE:PCFT), the current Scaled Net Operating Assets is 0.56 as of Nov. 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.

Polar Capital Global Financials Trust Business Description

Address 16 Palace Street, London, GBR, SW1E 5JD
Polar Capital Global Financials Trust PLC is an asset management firm based in the United Kingdom. Its core objective is to provide its investors with a growing dividend income with capital appreciation. To achieve this, it invests in listed or quoted securities issued by companies in the financial sector operating in the banking, insurance, property and other subsectors. Its portfolio entails equities, index-linked and other debt securities, cash deposits, money market instruments, foreign currency exchange transactions, forward transactions, index options, and other instruments, including derivatives. It has a diversified portfolio of investments in different geographical regions such as North America, Europe, Asia, the United Kingdom, Latin America, Japan and East Europe.
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