MSIF (MSCome Fund) Scaled Net Operating Assets: 0.98 (As of Mar. 2026)


MSIF MSC Income Fund Inc MSIF
49 GF Score
Price $11.57
GF Value $16.25
Valuation Modestly Undervalued
! 6 Warning Signs
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What is MSCome Fund Scaled Net Operating Assets?

MSCome Fund MSIF +1.14% 49 Scaled Net Operating Assets is 0.98 as of Mar. 2026. GuruFocus rates MSIF with a GF Score™ of 49/100 and a GF Value™ of $16.25 (Modestly Undervalued). The stock has 6 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.

MSCome Fund's operating assets for the quarter that ended in Mar. 2026 was $1,394.37 Mil. MSCome Fund's operating liabilities for the quarter that ended in Mar. 2026 was $41.30 Mil. MSCome Fund's Total Assets for the quarter that ended in Dec. 2025 was $1,381.03 Mil. Therefore, MSCome Fund's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.98.

MSIF
49GF Score
MSC Income Fund Inc MSIF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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MSCome 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.

MSCome Fund's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(1360.396-39.621)/1224.671
=1.08

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1381.031 - 20.635
=1360.396

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=642.372 - 602.751 - 0
=39.621

MSCome 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: Dec. 2025 )
=(1394.366-41.297)/1381.031
=0.98

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1409.925 - 15.559
=1394.366

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=690.397 - 649.1 - 0
=41.297

* 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 0.98 mean?
MSCome Fund (MSIF) has a Scaled Net Operating Assets of 0.98 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 MSCome Fund and its competitors.
Is MSCome Fund's Scaled Net Operating Assets too high?
MSCome Fund's current Scaled Net Operating Assets is 0.98. Overall, MSCome Fund has a GF Score™ of 49/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MSCome Fund's Scaled Net Operating Assets compare to NML and GUT?
MSCome Fund's Scaled Net Operating Assets of 0.98 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 MSCome Fund and its competitors. MSCome Fund's current Scaled Net Operating Assets is 0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MSCome Fund stock overvalued right now?
Based on GuruFocus' analysis, MSCome Fund (MSIF) is currently considered Modestly Undervalued. The stock's GF Value™ is $16.25, compared to a current price of $11.57 — trading 28.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.98. MSCome Fund's overall GF Score™ is 49/100 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 MSCome Fund (MSIF), the current Scaled Net Operating Assets is 0.98 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 MSCome Fund (MSIF) Overvalued in 2026?

Based on GuruFocus' analysis, MSCome Fund stock appears to be undervalued. The current stock price of $11.57 is trading 28.8% below its estimated GF Value™ of $16.25. GuruFocus considers MSCome Fund to be Modestly Undervalued.

Key valuation signals for MSIF:

  • Scaled Net Operating Assets: 0.98
  • GF Value™: $16.25 vs. price of $11.57 (28.8% below fair value)
  • GF Score™: 49/100 with 6 warning signs

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

MSCome Fund Business Description

Address 1300 Post Oak Boulevard, 8th Floor, Houston, TX, USA, 77056
MSC Income Fund Inc is a non-diversified closed-end management investment company. The investment objective is to generate current income through debt and equity investments and the secondary objective is to generate long-term capital appreciation through such investments. The company invests in senior secured term loans, second lien loans, and mezzanine debt and selected equity investments issued by lower middle-market and middle-market companies.
49GF Score

Get the complete analysis for MSIF

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$11.57
Price
$16.25
GF Value