SRUUF (Sprott Physical Uranium Trust) Scaled Net Operating Assets: 1.09 (As of Dec. 2025)


SRUUF Sprott Physical Uranium Trust SRUUF
46 GF Score
Price $18.93
GF Value $6.16
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Sprott Physical Uranium Trust Scaled Net Operating Assets?

Sprott Physical Uranium Trust SRUUF +2.88% 46 Scaled Net Operating Assets is 1.09 as of Dec. 2025. GuruFocus rates SRUUF with a GF Score™ of 46/100 and a GF Value™ of $6.16 (Significantly Overvalued). The stock has 2 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.

Sprott Physical Uranium Trust's operating assets for the quarter that ended in Dec. 2025 was $6,101.41 Mil. Sprott Physical Uranium Trust's operating liabilities for the quarter that ended in Dec. 2025 was $33.43 Mil. Sprott Physical Uranium Trust's Total Assets for the quarter that ended in Jun. 2025 was $5,544.71 Mil. Therefore, Sprott Physical Uranium Trust's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 1.09.


Sprott Physical Uranium Trust Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Sprott Physical Uranium Trust's Scaled Net Operating Assets can be seen below:

* 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.

Sprott Physical Uranium Trust Scaled Net Operating Assets Chart

Sprott Physical Uranium Trust Annual Data
Trend Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.09 5.84 1.99 0.84 1.25

Sprott Physical Uranium Trust Semi-Annual Data
Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.65 0.96 0.86 1.07 1.09

SRUUF vs UEC, LEU: Scaled Net Operating Assets Comparison

For the Uranium subindustry, Sprott Physical Uranium Trust's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sprott Physical Uranium Trust Scaled Net Operating Assets vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Sprott Physical Uranium Trust's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Sprott Physical Uranium Trust's Scaled Net Operating Assets falls into.


SRUUF
46GF Score
Sprott Physical Uranium Trust SRUUF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Sprott Physical Uranium Trust 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.

Sprott Physical Uranium Trust'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 )
=(6101.411-33.427)/4867.962
=1.25

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6191.244 - 89.833
=6101.411

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=33.427 - 0 - 0
=33.427

Sprott Physical Uranium Trust'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 )
=(6101.411-33.427)/5544.705
=1.09

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6191.244 - 89.833
=6101.411

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=33.427 - 0 - 0
=33.427

* 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 1.09 mean?
Sprott Physical Uranium Trust (SRUUF) has a Scaled Net Operating Assets of 1.09 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 Sprott Physical Uranium Trust and its competitors.
Is Sprott Physical Uranium Trust's Scaled Net Operating Assets too high?
Sprott Physical Uranium Trust's current Scaled Net Operating Assets is 1.09. Overall, Sprott Physical Uranium Trust has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sprott Physical Uranium Trust's Scaled Net Operating Assets compare to UEC and LEU?
Sprott Physical Uranium Trust's Scaled Net Operating Assets of 1.09 can be compared against companies in the Other Energy Sources 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 Other Energy Sources company?
A good Scaled Net Operating Assets depends on the Other Energy Sources 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 Sprott Physical Uranium Trust and its competitors. Sprott Physical Uranium Trust's current Scaled Net Operating Assets is 1.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sprott Physical Uranium Trust stock overvalued right now?
Based on GuruFocus' analysis, Sprott Physical Uranium Trust (SRUUF) is currently considered Significantly Overvalued. The stock's GF Value™ is $6.16, compared to a current price of $18.93 — trading 207.3% above its estimated fair value. The current Scaled Net Operating Assets is 1.09. Sprott Physical Uranium Trust's overall GF Score™ is 46/100 with 2 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 Sprott Physical Uranium Trust (SRUUF), the current Scaled Net Operating Assets is 1.09 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 Sprott Physical Uranium Trust (SRUUF) Overvalued in 2026?

Based on GuruFocus' analysis, Sprott Physical Uranium Trust stock appears to be overvalued. The current stock price of $18.93 is trading 207.3% above its estimated GF Value™ of $6.16. GuruFocus considers Sprott Physical Uranium Trust to be Significantly Overvalued.

Key valuation signals for SRUUF:

  • Scaled Net Operating Assets: 1.09
  • GF Value™: $6.16 vs. price of $18.93 (207.3% above fair value)
  • GF Score™: 46/100 with 2 warning signs

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


Sprott Physical Uranium Trust Business Description

Other Exchanges U.U:CanadaU.UN:Canada
Address 200 Bay Street, Royal Bank Plaza, South Tower, Suite 2600, Toronto, ON, CAN, M5J 2J1
Sprott Physical Uranium Trust is a closed-end investment trust. It seeks to provide a secure, convenient, and exchange-traded investment alternative for investors interested in holding physical uranium without the inconvenience that is typical of a direct investment in physical uranium. The company invests and holds substantially all of its assets in physical uranium.
46GF Score

Get the complete analysis for SRUUF

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

$18.93
Price
$6.16
GF Value