Madison Pacific Properties (TSX:MPC) Scaled Net Operating Assets: 0.92 (As of Mar. 2026)


TSX:MPC Madison Pacific Properties Inc TSX:MPC
64 GF Score
Price C$4.75
GF Value C$5.83
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Madison Pacific Properties Scaled Net Operating Assets?

Madison Pacific Properties TSX:MPC 64 Scaled Net Operating Assets is 0.92 as of Mar. 2026. GuruFocus rates TSX:MPC with a GF Score™ of 64/100 and a GF Value™ of C$5.83 (Modestly Undervalued). 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.

Madison Pacific Properties's operating assets for the quarter that ended in Mar. 2026 was C$860.50 Mil. Madison Pacific Properties's operating liabilities for the quarter that ended in Mar. 2026 was C$74.07 Mil. Madison Pacific Properties's Total Assets for the quarter that ended in Dec. 2025 was C$850.60 Mil. Therefore, Madison Pacific Properties's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.92.

Madison Pacific Properties Scaled Net Operating Assets Historical Data

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The historical data trend for Madison Pacific Properties'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.

Madison Pacific Properties Scaled Net Operating Assets Chart

Madison Pacific Properties Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.91 0.99 0.88 0.83 0.96

Madison Pacific Properties Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.92 0.89 0.90 0.90 0.93

TSX:MPC vs CBRE, BEKE, JLL: Scaled Net Operating Assets Comparison

For the Real Estate Services subindustry, Madison Pacific Properties'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.

Madison Pacific Properties Scaled Net Operating Assets vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Madison Pacific Properties's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Madison Pacific Properties's Scaled Net Operating Assets falls into.


TSX:MPC
64GF Score
Madison Pacific Properties Inc TSX:MPC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Madison Pacific Properties 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.

Madison Pacific Properties'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: Aug. 2024 )
=(831.281-71.21)/795.447
=0.96

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=850.601 - 19.32
=831.281

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=418.66 - 230.288 - 117.162
=71.21

Madison Pacific Properties'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 )
=(860.497-74.072)/850.601
=0.92

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=869.724 - 9.227
=860.497

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=430.154 - 272.695 - 83.387
=74.072

* 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 0.92 mean?
Madison Pacific Properties (TSX:MPC) has a Scaled Net Operating Assets of 0.92 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 Madison Pacific Properties and its competitors.
Is Madison Pacific Properties' Scaled Net Operating Assets too high?
Madison Pacific Properties' current Scaled Net Operating Assets is 0.92. Overall, Madison Pacific Properties has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Madison Pacific Properties' Scaled Net Operating Assets compare to CBRE and BEKE?
Madison Pacific Properties' Scaled Net Operating Assets of 0.92 can be compared against companies in the Real Estate 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 Real Estate company?
A good Scaled Net Operating Assets depends on the Real Estate 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 Madison Pacific Properties and its competitors. Madison Pacific Properties's current Scaled Net Operating Assets is 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Madison Pacific Properties stock overvalued right now?
Based on GuruFocus' analysis, Madison Pacific Properties (TSX:MPC) is currently considered Modestly Undervalued. The stock's GF Value™ is C$5.83, compared to a current price of C$4.75 — trading 18.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.92. Madison Pacific Properties' overall GF Score™ is 64/100 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 Madison Pacific Properties (TSX:MPC), the current Scaled Net Operating Assets is 0.92 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 Madison Pacific Properties (TSX:MPC) Overvalued in 2026?

Based on GuruFocus' analysis, Madison Pacific Properties stock appears to be undervalued. The current stock price of C$4.75 is trading 18.5% below its estimated GF Value™ of C$5.83. GuruFocus considers Madison Pacific Properties to be Modestly Undervalued.

Key valuation signals for TSX:MPC:

  • Scaled Net Operating Assets: 0.92
  • GF Value™: C$5.83 vs. price of C$4.75 (18.5% below fair value)
  • GF Score™: 64/100 with 7 warning signs

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

Madison Pacific Properties Business Description

Other Exchanges MPC.C:Canada
Address 389 West 6th Avenue, Vancouver, BC, CAN, V5Y 1L1
Madison Pacific Properties Inc is a real estate company. It owns, develops, and operates industrial, commercial, multifamily, retail, and office rental properties located in Canada. It also has investments in joint ventures that construct residential properties. The company has one reportable segment, that being the rental of industrial, commercial, multi-family, retail, and office real estate properties located in Canada. The company derives its revenue from rental operations and property management.
64GF 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$4.75
Price
C$5.83
GF Value