PHK (PIMCO Highome Fund) Scaled Net Operating Assets: 1.14 (As of Dec. 2025)


PHK PIMCO High Income Fund PHK
43 GF Score
Price $4.64
GF Value $3.79
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is PIMCO Highome Fund Scaled Net Operating Assets?

PIMCO Highome Fund PHK -0.22% 43 Scaled Net Operating Assets is 1.14 as of Dec. 2025. GuruFocus rates PHK with a GF Score™ of 43/100 and a GF Value™ of $3.79 (Modestly Overvalued). The stock has 3 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.

PIMCO Highome Fund's operating assets for the quarter that ended in Dec. 2025 was $1,086.52 Mil. PIMCO Highome Fund's operating liabilities for the quarter that ended in Dec. 2025 was $31.60 Mil. PIMCO Highome Fund's Total Assets for the quarter that ended in Jun. 2025 was $925.50 Mil. Therefore, PIMCO Highome Fund's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 1.14.

PHK
43GF Score
PIMCO High Income Fund PHK
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PIMCO Highome 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.

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

Scaled Net Operating Assets (SNOA)(A: Jun. 2025 )
=(Operating Assets (A: Jun. 2025 )-Operating Liabilities (A: Jun. 2025 ))/Total Assets (A: Jun. 2024 )
=(921.706-40.62)/899.215
=0.98

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=925.497 - 3.791
=921.706

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=120.739 - 80.119 - 0
=40.62

PIMCO Highome Fund's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(1086.519-31.597)/925.497
=1.14

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1088.342 - 1.823
=1086.519

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=242.161 - 210.564 - 0
=31.597

* 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?
PIMCO Highome Fund (PHK) has a Scaled Net Operating Assets of 1.14 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on PIMCO Highome Fund and its competitors.
Is PIMCO Highome Fund's Scaled Net Operating Assets too high?
PIMCO Highome Fund's current Scaled Net Operating Assets is 1.14. Overall, PIMCO Highome Fund has a GF Score™ of 43/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PIMCO Highome Fund's Scaled Net Operating Assets compare to BBDC and OXLC?
PIMCO Highome 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 PIMCO Highome Fund and its competitors. PIMCO Highome 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 PIMCO Highome Fund stock overvalued right now?
Based on GuruFocus' analysis, PIMCO Highome Fund (PHK) is currently considered Modestly Overvalued. The stock's GF Value™ is $3.79, compared to a current price of $4.64 — trading 22.4% above its estimated fair value. The current Scaled Net Operating Assets is 1.14. PIMCO Highome Fund's overall GF Score™ is 43/100 with 3 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 PIMCO Highome Fund (PHK), the current Scaled Net Operating Assets is 1.14 as of Dec. 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.

Is PIMCO Highome Fund (PHK) Overvalued in 2026?

Based on GuruFocus' analysis, PIMCO Highome Fund stock appears to be overvalued. The current stock price of $4.64 is trading 22.4% above its estimated GF Value™ of $3.79. GuruFocus considers PIMCO Highome Fund to be Modestly Overvalued.

Key valuation signals for PHK:

  • Scaled Net Operating Assets: 1.14
  • GF Value™: $3.79 vs. price of $4.64 (22.4% above fair value)
  • GF Score™: 43/100 with 3 warning signs

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

PIMCO Highome Fund Business Description

Address 1633 Broadway, New York, NY, USA, 10019
PIMCO High Income Fund is a closed-end management investment company. The company's primary investment objective is to seek high current income. The secondary objective of the company is to seek capital appreciation.
43GF Score

Get the complete analysis for PHK

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

$4.64
Price
$3.79
GF Value