PFD (Flaherty & Crumrine Prefd Fund) Scaled Net Operating Assets: 1.02 (As of Nov. 2025)


PFD Flaherty & Crumrine Prefd Inc Fund Inc PFD
33 GF Score
Price $11.52
! 6 Warning Signs
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What is Flaherty & Crumrine Prefd Fund Scaled Net Operating Assets?

Flaherty & Crumrine Prefd Fund PFD -0.95% 33 Scaled Net Operating Assets is 1.02 as of Nov. 2025. GuruFocus rates PFD with a GF Score™ of 33/100. 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.

Flaherty & Crumrine Prefd Fund's operating assets for the quarter that ended in Nov. 2025 was $254.36 Mil. Flaherty & Crumrine Prefd Fund's operating liabilities for the quarter that ended in Nov. 2025 was $0.64 Mil. Flaherty & Crumrine Prefd Fund's Total Assets for the quarter that ended in May. 2025 was $249.42 Mil. Therefore, Flaherty & Crumrine Prefd Fund's scaled net operating assets (SNOA) for the quarter that ended in Nov. 2025 was 1.02.

PFD
33GF Score
Flaherty & Crumrine Prefd Inc Fund Inc PFD
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Flaherty & Crumrine Prefd 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.

Flaherty & Crumrine Prefd Fund's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Nov. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Nov. 2025 )
=(Operating Assets (A: Nov. 2025 )-Operating Liabilities (A: Nov. 2025 ))/Total Assets (A: Nov. 2024 )
=(254.357-0.63500000000001)/252.467
=1.00

where

Operating Assets(A: Nov. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=254.357 - 0
=254.357

Operating Liabilities(A: Nov. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=91.735 - 91.1 - 0
=0.63500000000001

Flaherty & Crumrine Prefd Fund's Scaled Net Operating Assets (SNOA) for the quarter that ended in Nov. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Nov. 2025 )
=(Operating Assets (Q: Nov. 2025 )-Operating Liabilities (Q: Nov. 2025 ))/Total Assets (Q: May. 2025 )
=(254.357-0.63500000000001)/249.417
=1.02

where

Operating Assets(Q: Nov. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=254.357 - 0
=254.357

Operating Liabilities(Q: Nov. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=91.735 - 91.1 - 0
=0.63500000000001

* 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 1.02 mean?
Flaherty & Crumrine Prefd Fund (PFD) has a Scaled Net Operating Assets of 1.02 as of Nov. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Flaherty & Crumrine Prefd Fund and its competitors.
Is Flaherty & Crumrine Prefd Fund's Scaled Net Operating Assets too high?
Flaherty & Crumrine Prefd Fund's current Scaled Net Operating Assets is 1.02. Overall, Flaherty & Crumrine Prefd Fund has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Flaherty & Crumrine Prefd Fund's Scaled Net Operating Assets compare to MPA and MSD?
Flaherty & Crumrine Prefd Fund's Scaled Net Operating Assets of 1.02 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 Flaherty & Crumrine Prefd Fund and its competitors. Flaherty & Crumrine Prefd Fund's current Scaled Net Operating Assets is 1.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flaherty & Crumrine Prefd Fund stock overvalued right now?
Flaherty & Crumrine Prefd Fund (PFD) has a current Scaled Net Operating Assets of 1.02. The current Scaled Net Operating Assets is 1.02. Flaherty & Crumrine Prefd Fund's overall GF Score™ is 33/100 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 Flaherty & Crumrine Prefd Fund (PFD), the current Scaled Net Operating Assets is 1.02 as of Nov. 2025. 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.

Flaherty & Crumrine Prefd Fund Business Description

Address 301 E. Colorado Boulevard, Suite 800, Pasadena, CA, USA, 91101
Flaherty & Crumrine Prefd Inc Fund Inc is a United States-based diversified, closed-end management investment company. Its investment objective is to provide its common shareholders with high current income consistent with the preservation of capital. The fund invests in a diversified portfolio of preferred securities, which includes traditional preferred stocks eligible for the inter-corporate dividends received a deduction and fully taxable preferred securities.
33GF 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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