SAR (Saratoga Investment) Scaled Net Operating Assets: 1.00 (As of May. 2026)

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SAR Saratoga Investment Corp SAR
45 GF Score
Price $18.80
GF Value $13.55
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Saratoga Investment Scaled Net Operating Assets?

Saratoga Investment SAR +0.59% 45 Scaled Net Operating Assets is 1.00 as of May. 2026. GuruFocus rates SAR with a GF Score™ of 45/100 and a GF Value™ of $13.55 (Significantly Overvalued). The stock has 7 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.

Saratoga Investment's operating assets for the quarter that ended in May. 2026 was $1,151.28 Mil. Saratoga Investment's operating liabilities for the quarter that ended in May. 2026 was $16.23 Mil. Saratoga Investment's Total Assets for the quarter that ended in Feb. 2026 was $1,139.27 Mil. Therefore, Saratoga Investment's scaled net operating assets (SNOA) for the quarter that ended in May. 2026 was 1.00.

SAR
45GF Score
Saratoga Investment Corp SAR
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Saratoga Investment 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.

Saratoga Investment's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Feb. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Feb. 2026 )
=(Operating Assets (A: Feb. 2026 )-Operating Liabilities (A: Feb. 2026 ))/Total Assets (A: Feb. 2025 )
=(1137.585-17.454)/1191.544
=0.94

where

Operating Assets(A: Feb. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1139.265 - 1.68
=1137.585

Operating Liabilities(A: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=743.109 - 725.655 - 0
=17.454

Saratoga Investment's Scaled Net Operating Assets (SNOA) for the quarter that ended in May. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: May. 2026 )
=(Operating Assets (Q: May. 2026 )-Operating Liabilities (Q: May. 2026 ))/Total Assets (Q: Feb. 2026 )
=(1151.283-16.23)/1139.265
=1.00

where

Operating Assets(Q: May. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1197.424 - 46.141
=1151.283

Operating Liabilities(Q: May. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=818.969 - 802.739 - 0
=16.23

* 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 1.00 mean?
Saratoga Investment (SAR) has a Scaled Net Operating Assets of 1.00 as of May. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Saratoga Investment and its competitors.
Is Saratoga Investment's Scaled Net Operating Assets too high?
Saratoga Investment's current Scaled Net Operating Assets is 1.00. Overall, Saratoga Investment has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Saratoga Investment's Scaled Net Operating Assets compare to RIV and TEI?
Saratoga Investment's Scaled Net Operating Assets of 1.00 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 Saratoga Investment and its competitors. Saratoga Investment's current Scaled Net Operating Assets is 1.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saratoga Investment stock overvalued right now?
Based on GuruFocus' analysis, Saratoga Investment (SAR) is currently considered Significantly Overvalued. The stock's GF Value™ is $13.55, compared to a current price of $18.80 — trading 38.7% above its estimated fair value. The current Scaled Net Operating Assets is 1.00. Saratoga Investment's overall GF Score™ is 45/100 with 7 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 Saratoga Investment (SAR), the current Scaled Net Operating Assets is 1.00 as of May. 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 Saratoga Investment (SAR) Overvalued in 2026?

Based on GuruFocus' analysis, Saratoga Investment stock appears to be overvalued. The current stock price of $18.80 is trading 38.7% above its estimated GF Value™ of $13.55. GuruFocus considers Saratoga Investment to be Significantly Overvalued.

Key valuation signals for SAR:

  • Scaled Net Operating Assets: 1.00
  • GF Value™: $13.55 vs. price of $18.80 (38.7% above fair value)
  • GF Score™: 45/100 with 7 warning signs

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

Saratoga Investment Business Description

Other Exchanges QJ8:Germany
Address 535 Madison Avenue, 4th Floor, New York, NY, USA, 10022
Saratoga Investment Corp is a specialty finance company that provides customized financing solutions to U.S. middle-market businesses. The company invests in senior and unitranche leveraged loans and mezzanine debt, and, to a lesser extent, equity to provide financing for change of ownership transactions, strategic acquisitions, recapitalizations and growth initiatives in partnership with business owners, management teams and financial sponsors. Its objective is to create attractive risk-adjusted returns by generating current income and long-term capital appreciation from its debt and equity investments.
45GF Score

Get the complete analysis for SAR

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

$18.80
Price
$13.55
GF Value