Firm Capital Mortgage Investment (TSX:FC) Scaled Net Operating Assets: 0.90 (As of Mar. 2026)


TSX:FC Firm Capital Mortgage Investment Corp TSX:FC
63 GF Score
Price C$12.13
GF Value C$12.40
Valuation Fairly Valued
! 4 Warning Signs
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What is Firm Capital Mortgage Investment Scaled Net Operating Assets?

Firm Capital Mortgage Investment TSX:FC +0.33% 63 Scaled Net Operating Assets is 0.90 as of Mar. 2026. GuruFocus rates TSX:FC with a GF Score™ of 63/100 and a GF Value™ of C$12.40 (Fairly Valued). The stock has 4 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.

Firm Capital Mortgage Investment's operating assets for the quarter that ended in Mar. 2026 was C$540.70 Mil. Firm Capital Mortgage Investment's operating liabilities for the quarter that ended in Mar. 2026 was C$4.96 Mil. Firm Capital Mortgage Investment's Total Assets for the quarter that ended in Dec. 2025 was C$594.78 Mil. Therefore, Firm Capital Mortgage Investment's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.90.

TSX:FC
63GF Score
Firm Capital Mortgage Investment Corp TSX:FC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Firm Capital Mortgage 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.

Firm Capital Mortgage Investment'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 )
=(580.514-8.802)/631.224
=0.91

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=594.777 - 14.263
=580.514

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=169.656 - 135.588 - 25.266
=8.802

Firm Capital Mortgage Investment's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(540.704-4.956)/594.777
=0.90

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=558.743 - 18.039
=540.704

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=133.581 - 111.066 - 17.559
=4.956

* 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 0.90 mean?
Firm Capital Mortgage Investment (TSX:FC) has a Scaled Net Operating Assets of 0.90 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Firm Capital Mortgage Investment and its competitors.
Is Firm Capital Mortgage Investment's Scaled Net Operating Assets too high?
Firm Capital Mortgage Investment's current Scaled Net Operating Assets is 0.90. Overall, Firm Capital Mortgage Investment has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Firm Capital Mortgage Investment's Scaled Net Operating Assets compare to RKT and FNMA?
Firm Capital Mortgage Investment's Scaled Net Operating Assets of 0.90 can be compared against companies in the Banks 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 a Banks company?
A good Scaled Net Operating Assets depends on the Banks 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 Firm Capital Mortgage Investment and its competitors. Firm Capital Mortgage Investment's current Scaled Net Operating Assets is 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Firm Capital Mortgage Investment stock overvalued right now?
Based on GuruFocus' analysis, Firm Capital Mortgage Investment (TSX:FC) is currently considered Fairly Valued. The stock's GF Value™ is C$12.40, compared to a current price of C$12.13 — trading 2.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.90. Firm Capital Mortgage Investment's overall GF Score™ is 63/100 with 4 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 Firm Capital Mortgage Investment (TSX:FC), the current Scaled Net Operating Assets is 0.90 as of Mar. 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 Firm Capital Mortgage Investment (TSX:FC) Overvalued in 2026?

Based on GuruFocus' analysis, Firm Capital Mortgage Investment stock appears to be undervalued. The current stock price of C$12.13 is trading 2.2% below its estimated GF Value™ of C$12.40. GuruFocus considers Firm Capital Mortgage Investment to be Fairly Valued.

Key valuation signals for TSX:FC:

  • Scaled Net Operating Assets: 0.90
  • GF Value™: C$12.40 vs. price of C$12.13 (2.2% below fair value)
  • GF Score™: 63/100 with 4 warning signs

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

Firm Capital Mortgage Investment Business Description

Other Exchanges FCMGF:USA74X:Germany
Address 163 Cartwright Avenue, Toronto, ON, CAN, M6A 1V5
Firm Capital Mortgage Investment Corp is a Canadian financial provider. It acts as a non-bank lender providing residential and commercial short-term bridge and conventional real estate financing, including construction, mezzanine, and equity investments. The company provides construction, equity, and conventional real estate finance for residential houses, small multi-family residential properties, mixed-use residential, and others to the builder, developer, and real estate owner marketplace, along with a high level of personal service to real estate investors. Also, it provides loan servicing, asset management, and related investment services. The company's revenue comprises Interest and fee income and commission fees arising from Canada and the United States.
63GF 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.

C$12.13
Price
C$12.40
GF Value