PCF (Highome Securities Fund) Scaled Net Operating Assets: 0.94 (As of Feb. 2026)


PCF High Income Securities Fund PCF
35 GF Score
Price $5.41
! 1 Warning Sign
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What is Highome Securities Fund Scaled Net Operating Assets?

Highome Securities Fund PCF +0.37% 35 Scaled Net Operating Assets is 0.94 as of Feb. 2026. GuruFocus rates PCF with a GF Score™ of 35/100. The stock has 1 warning sign investors should review.

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

Highome Securities Fund's operating assets for the quarter that ended in Feb. 2026 was $125.24 Mil. Highome Securities Fund's operating liabilities for the quarter that ended in Feb. 2026 was $0.51 Mil. Highome Securities Fund's Total Assets for the quarter that ended in Aug. 2025 was $132.26 Mil. Therefore, Highome Securities Fund's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.94.

PCF
35GF Score
High Income Securities Fund PCF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Highome Securities 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.

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

Scaled Net Operating Assets (SNOA)(A: Aug. 2025 )
=(Operating Assets (A: Aug. 2025 )-Operating Liabilities (A: Aug. 2025 ))/Total Assets (A: Aug. 2024 )
=(132.249-0.292)/213.765
=0.62

where

Operating Assets(A: Aug. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=132.259 - 0.01
=132.249

Operating Liabilities(A: Aug. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.292 - 0 - 0
=0.292

Highome Securities Fund's Scaled Net Operating Assets (SNOA) for the quarter that ended in Feb. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Feb. 2026 )
=(Operating Assets (Q: Feb. 2026 )-Operating Liabilities (Q: Feb. 2026 ))/Total Assets (Q: Aug. 2025 )
=(125.235-0.509)/132.259
=0.94

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=125.235 - 0
=125.235

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.509 - 0 - 0
=0.509

* 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 0.94 mean?
Highome Securities Fund (PCF) has a Scaled Net Operating Assets of 0.94 as of Feb. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Highome Securities Fund and its competitors.
Is Highome Securities Fund's Scaled Net Operating Assets too high?
Highome Securities Fund's current Scaled Net Operating Assets is 0.94. Overall, Highome Securities Fund has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Highome Securities Fund's Scaled Net Operating Assets compare to ERH and PGP?
Highome Securities Fund's Scaled Net Operating Assets of 0.94 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 Highome Securities Fund and its competitors. Highome Securities Fund's current Scaled Net Operating Assets is 0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Highome Securities Fund stock overvalued right now?
Highome Securities Fund (PCF) has a current Scaled Net Operating Assets of 0.94. The current Scaled Net Operating Assets is 0.94. Highome Securities Fund's overall GF Score™ is 35/100 with 1 warning sign 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 Highome Securities Fund (PCF), the current Scaled Net Operating Assets is 0.94 as of Feb. 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.

Highome Securities Fund Business Description

Address 615 East Michigan Street, Milwaukee, WI, USA, 53202
High Income Securities Fund is a closed-end management investment company. Its primary objective is to provide high current income and capital appreciation is the secondary objective. The Fund pursues its objective mainly by investing in both convertible bonds and convertible preferred stocks. The Fund also invests significantly in high-yielding non-convertible securities with the potential for capital appreciation.
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.

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