PSUS (Pershing Square USA,) Scaled Net Operating Assets: 0.29 (As of Sep. 2025)

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PSUS Pershing Square USA, Ltd. PSUS
12 GF Score
Price $40.26
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What is Pershing Square USA, Scaled Net Operating Assets?

Pershing Square USA, PSUS +0.20% 12 Scaled Net Operating Assets is 0.29 as of Sep. 2025. GuruFocus rates PSUS with a GF Score™ of 12/100.

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

Pershing Square USA,'s operating assets for the quarter that ended in Sep. 2025 was $3.85 Mil. Pershing Square USA,'s operating liabilities for the quarter that ended in Sep. 2025 was $2.88 Mil. Pershing Square USA,'s Total Assets for the quarter that ended in May. 2024 was $3.30 Mil. Therefore, Pershing Square USA,'s scaled net operating assets (SNOA) for the quarter that ended in Sep. 2025 was 0.29.

PSUS
12GF Score
Pershing Square USA, Ltd. PSUS
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Pershing Square USA, 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.

Pershing Square USA,'s Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2024 )
=(Operating Assets (A: Dec. 2024 )-Operating Liabilities (A: Dec. 2024 ))/Total Assets (A: . 20 )
=(-)/
=

where

Operating Assets(A: Dec. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
= -
=

Operating Liabilities(A: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
= - -
=

Pershing Square USA,'s Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2025 )
=(Operating Assets (Q: Sep. 2025 )-Operating Liabilities (Q: Sep. 2025 ))/Total Assets (Q: May. 2024 )
=(3.848-2.884)/3.299
=0.29

where

Operating Assets(Q: Sep. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3.866 - 0.018
=3.848

Operating Liabilities(Q: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.884 - 0 - 0
=2.884

* 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 0.29 mean?
Pershing Square USA, (PSUS) has a Scaled Net Operating Assets of 0.29 as of Sep. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Pershing Square USA, and its competitors.
Is Pershing Square USA,'s Scaled Net Operating Assets too high?
Pershing Square USA,'s current Scaled Net Operating Assets is 0.29. Overall, Pershing Square USA, has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Pershing Square USA,'s Scaled Net Operating Assets compare to ?
Pershing Square USA,'s Scaled Net Operating Assets of 0.29 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 Pershing Square USA, and its competitors. Pershing Square USA,'s current Scaled Net Operating Assets is 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pershing Square USA, stock overvalued right now?
Pershing Square USA, (PSUS) has a current Scaled Net Operating Assets of 0.29. The current Scaled Net Operating Assets is 0.29. Pershing Square USA,'s overall GF Score™ is 12/100. 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 Pershing Square USA, (PSUS), the current Scaled Net Operating Assets is 0.29 as of Sep. 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.

Pershing Square USA, Business Description

Comparable Companies
Address 787 Eleventh Avenue, 9th Floor, New York, NY, USA, 10019
Pershing Square USA, Ltd. is a non-diversified, closed-end investment company. The Company'S investment objective is to preserve capital and seek maximum, long-term capital appreciation and growth in intrinsic value per share commensurate with reasonable risk, where risk is defined as the probability of permanent loss of capital, rather than price volatility. The investment objective is considered non-fundamental and may be changed by the Board without the approval of Common Shareholders. There can be no assurance that the Company's investment objective will be achieved.
12GF 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.

$40.26
Price