Scottish Mortgage Investment Trust (LSE:SMT) Scaled Net Operating Assets: 0.99 (As of Mar. 2026)


LSE:SMT Scottish Mortgage Investment Trust PLC LSE:SMT
34 GF Score
Price £14.99
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What is Scottish Mortgage Investment Trust Scaled Net Operating Assets?

Scottish Mortgage Investment Trust LSE:SMT +0.74% 34 Scaled Net Operating Assets is 0.99 as of Mar. 2026. GuruFocus rates LSE:SMT with a GF Score™ of 34/100. 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.

Scottish Mortgage Investment Trust's operating assets for the quarter that ended in Mar. 2026 was £15,453 Mil. Scottish Mortgage Investment Trust's operating liabilities for the quarter that ended in Mar. 2026 was £36 Mil. Scottish Mortgage Investment Trust's Total Assets for the quarter that ended in Sep. 2025 was £15,566 Mil. Therefore, Scottish Mortgage Investment Trust's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.99.

LSE:SMT
34GF Score
Scottish Mortgage Investment Trust PLC LSE:SMT
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Scottish Mortgage Investment 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.

Scottish Mortgage Investment Trust'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 )
=(15453.414-36.069)/13744.255
=1.12

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=15464.442 - 11.028
=15453.414

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1642.267 - 1606.198 - 0
=36.069

Scottish Mortgage Investment Trust'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 )
=(15453.414-36.069)/15566.387
=0.99

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=15464.442 - 11.028
=15453.414

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1642.267 - 1606.198 - 0
=36.069

* 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 0.99 mean?
Scottish Mortgage Investment Trust (LSE:SMT) has a Scaled Net Operating Assets of 0.99 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 Scottish Mortgage Investment Trust and its competitors.
Is Scottish Mortgage Investment Trust's Scaled Net Operating Assets too high?
Scottish Mortgage Investment Trust's current Scaled Net Operating Assets is 0.99. Overall, Scottish Mortgage Investment Trust has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Scottish Mortgage Investment Trust's Scaled Net Operating Assets compare to BLK and BX?
Scottish Mortgage Investment Trust's Scaled Net Operating Assets of 0.99 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 Scottish Mortgage Investment Trust and its competitors. Scottish Mortgage Investment Trust's current Scaled Net Operating Assets is 0.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Scottish Mortgage Investment Trust stock overvalued right now?
Scottish Mortgage Investment Trust (LSE:SMT) has a current Scaled Net Operating Assets of 0.99. The current Scaled Net Operating Assets is 0.99. Scottish Mortgage Investment Trust's overall GF Score™ is 34/100 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 Scottish Mortgage Investment Trust (LSE:SMT), the current Scaled Net Operating Assets is 0.99 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.

Scottish Mortgage Investment Trust Business Description

Address 1 Greenside Row, Calton Square, Edinburgh, GBR, EH1 3AN
Scottish Mortgage Investment Trust PLC is an investment trust company. The company's objective is to maximize total return from a portfolio of long-term investments chosen on a global basis enabling the company to provide capital and dividend growth. The company focuses on investment in quoted securities irrespective of any geographical, industry, and sector exposure. The portfolio also invests in fixed-income securities, convertible securities, funds, unquoted entities, and other assets.
34GF Score

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