PEO (Adams Natural Resources Fund) Scaled Net Operating Assets: 1.14 (As of Jun. 2026)

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PEO Adams Natural Resources Fund Inc PEO
55 GF Score
Price $29.30
GF Value $28.76
Valuation Fairly Valued
! 4 Warning Signs
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What is Adams Natural Resources Fund Scaled Net Operating Assets?

Adams Natural Resources Fund PEO +0.34% 55 Scaled Net Operating Assets is 1.14 as of Jun. 2026. GuruFocus rates PEO with a GF Score™ of 55/100 and a GF Value™ of $28.76 (Fairly Valued). The stock has 4 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.

Adams Natural Resources Fund's operating assets for the quarter that ended in Jun. 2026 was $771.9 Mil. Adams Natural Resources Fund's operating liabilities for the quarter that ended in Jun. 2026 was $2.9 Mil. Adams Natural Resources Fund's Total Assets for the quarter that ended in Dec. 2025 was $674.0 Mil. Therefore, Adams Natural Resources Fund's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2026 was 1.14.

PEO
55GF Score
Adams Natural Resources Fund Inc PEO
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Adams Natural Resources 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.

Adams Natural Resources 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 )
=(673.851-11.583)/645.239
=1.03

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=674.001 - 0.15
=673.851

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=11.583 - 0 - 0
=11.583

Adams Natural Resources Fund'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: Dec. 2025 )
=(771.856-2.859)/674.001
=1.14

where

Operating Assets(Q: Jun. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=772.006 - 0.15
=771.856

Operating Liabilities(Q: Jun. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.859 - 0 - 0
=2.859

* 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 1.14 mean?
Adams Natural Resources Fund (PEO) has a Scaled Net Operating Assets of 1.14 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 Adams Natural Resources Fund and its competitors.
Is Adams Natural Resources Fund's Scaled Net Operating Assets too high?
Adams Natural Resources Fund's current Scaled Net Operating Assets is 1.14. Overall, Adams Natural Resources Fund has a GF Score™ of 55/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Adams Natural Resources Fund's Scaled Net Operating Assets compare to MFIC and MQY?
Adams Natural Resources Fund's Scaled Net Operating Assets of 1.14 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 Adams Natural Resources Fund and its competitors. Adams Natural Resources Fund's current Scaled Net Operating Assets is 1.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adams Natural Resources Fund stock overvalued right now?
Based on GuruFocus' analysis, Adams Natural Resources Fund (PEO) is currently considered Fairly Valued. The stock's GF Value™ is $28.76, compared to a current price of $29.30 — trading 1.9% above its estimated fair value. The current Scaled Net Operating Assets is 1.14. Adams Natural Resources Fund's overall GF Score™ is 55/100 with 4 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 Adams Natural Resources Fund (PEO), the current Scaled Net Operating Assets is 1.14 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 Adams Natural Resources Fund (PEO) Overvalued in 2026?

Based on GuruFocus' analysis, Adams Natural Resources Fund stock appears to be overvalued. The current stock price of $29.30 is trading 1.9% above its estimated GF Value™ of $28.76. GuruFocus considers Adams Natural Resources Fund to be Fairly Valued.

Key valuation signals for PEO:

  • Scaled Net Operating Assets: 1.14
  • GF Value™: $28.76 vs. price of $29.30 (1.9% above fair value)
  • GF Score™: 55/100 with 4 warning signs

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

Adams Natural Resources Fund Business Description

Address 500 East Pratt Street, Suite 1300, Baltimore, MD, USA, 21202
Adams Natural Resources Fund Inc is a non-diversified U.S. equity fund that invests in liquid energy and other natural resources stocks. The Fund's investment objectives are preservation of capital, reasonable income, and opportunity for capital gain. A majority of its assets are invested in the petroleum or natural resources industries or industries connected to them. It has broad flexibility to invest in stocks of varying capitalizations and predominantly invests in stocks found in the S&P 500 Energy and S&P 500 Materials sectors.
55GF 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.

$29.30
Price
$28.76
GF Value