OPY (Oppenheimer Holdings) Scaled Net Operating Assets: 0.48 (As of Jun. 2026)

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OPY Oppenheimer Holdings Inc OPY
77 GF Score
Price $111.75
GF Value $80.77
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Oppenheimer Holdings Scaled Net Operating Assets?

Oppenheimer Holdings OPY -1.84% 77 Scaled Net Operating Assets is 0.48 as of Jun. 2026. GuruFocus rates OPY with a GF Score™ of 77/100 and a GF Value™ of $80.77 (Significantly Overvalued). The stock has 7 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.

Oppenheimer Holdings's operating assets for the quarter that ended in Jun. 2026 was $4,192 Mil. Oppenheimer Holdings's operating liabilities for the quarter that ended in Jun. 2026 was $2,342 Mil. Oppenheimer Holdings's Total Assets for the quarter that ended in Mar. 2026 was $3,815 Mil. Therefore, Oppenheimer Holdings's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2026 was 0.48.


Oppenheimer Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Oppenheimer Holdings's Scaled Net Operating Assets can be seen below:

* 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.

Oppenheimer Holdings Scaled Net Operating Assets Chart

Oppenheimer Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.51 0.44 0.50 0.52 0.47

Oppenheimer Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.50 0.44 0.42 0.46 0.49

OPY vs PWP, GOLD, PURR: Scaled Net Operating Assets Comparison

For the Capital Markets subindustry, Oppenheimer Holdings's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Oppenheimer Holdings Scaled Net Operating Assets vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Oppenheimer Holdings's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Oppenheimer Holdings's Scaled Net Operating Assets falls into.


OPY
77GF Score
Oppenheimer Holdings Inc OPY
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Oppenheimer Holdings 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.

Oppenheimer Holdings'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 )
=(3684.01-2096.919)/3382.726
=0.47

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3722.415 - 38.405
=3684.01

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2725.386 - 628.467 - 0
=2096.919

Oppenheimer Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2026 )
=(Operating Assets (Q: Jun. 2026 )-Operating Liabilities (Q: Jun. 2026 ))/Total Assets (Q: Mar. 2026 )
=(4192.273-2342.408)/3815.278
=0.48

where

Operating Assets(Q: Jun. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4230.726 - 38.453
=4192.273

Operating Liabilities(Q: Jun. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3234.071 - 891.663 - 0
=2342.408

* 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 0.48 mean?
Oppenheimer Holdings (OPY) has a Scaled Net Operating Assets of 0.48 as of Jun. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Oppenheimer Holdings and its competitors.
Is Oppenheimer Holdings' Scaled Net Operating Assets too high?
Oppenheimer Holdings' current Scaled Net Operating Assets is 0.48. Overall, Oppenheimer Holdings has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Oppenheimer Holdings' Scaled Net Operating Assets compare to PWP and GOLD?
Oppenheimer Holdings' Scaled Net Operating Assets of 0.48 can be compared against companies in the Capital Markets 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 a Capital Markets company?
A good Scaled Net Operating Assets depends on the Capital Markets 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 Oppenheimer Holdings and its competitors. Oppenheimer Holdings's current Scaled Net Operating Assets is 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oppenheimer Holdings stock overvalued right now?
Based on GuruFocus' analysis, Oppenheimer Holdings (OPY) is currently considered Significantly Overvalued. The stock's GF Value™ is $80.77, compared to a current price of $111.75 — trading 38.4% above its estimated fair value. The current Scaled Net Operating Assets is 0.48. Oppenheimer Holdings' overall GF Score™ is 77/100 with 7 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 Oppenheimer Holdings (OPY), the current Scaled Net Operating Assets is 0.48 as of Jun. 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 Oppenheimer Holdings (OPY) Overvalued in 2026?

Based on GuruFocus' analysis, Oppenheimer Holdings stock appears to be overvalued. The current stock price of $111.75 is trading 38.4% above its estimated GF Value™ of $80.77. GuruFocus considers Oppenheimer Holdings to be Significantly Overvalued.

Key valuation signals for OPY:

  • Scaled Net Operating Assets: 0.48
  • GF Value™: $80.77 vs. price of $111.75 (38.4% above fair value)
  • GF Score™: 77/100 with 7 warning signs

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


Oppenheimer Holdings Business Description

Address 85 Broad Street, New York, NY, USA, 10004
Oppenheimer Holdings Inc conducts activities in the securities industry. The company is involved in retail securities brokerage, investment banking (both corporate and public finance), institutional sales and trading, market-making, research, trust services, and investment advisory and asset management services. The company has two segments: Wealth Management, and Capital Markets. IT generates maximum revenue from Wealth Management Segment which includes commissions and fee income earned on assets under management (AUM), net interest earnings on client margin loans and cash balances, fees from money market funds, custodian fees and other activities. The company generates the majority of its revenue from the Americas, with the rest from Europe, the Middle East, and Asia.
77GF Score

Get the complete analysis for OPY

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

$111.75
Price
$80.77
GF Value