The Western Investment Co of Canada (TSXV:WI) Scaled Net Operating Assets: -0.05 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSXV:WI The Western Investment Co of Canada Ltd TSXV:WI
61 GF Score
Price C$1.03
GF Value C$12.73
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is The Western Investment Co of Canada Scaled Net Operating Assets?

The Western Investment Co of Canada TSXV:WI -0.96% 61 Scaled Net Operating Assets is -0.05 as of Mar. 2026. GuruFocus rates TSXV:WI with a GF Score™ of 61/100 and a GF Value™ of C$12.73 (Possible Value Trap). 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.

The Western Investment Co of Canada's operating assets for the quarter that ended in Mar. 2026 was C$70.10 Mil. The Western Investment Co of Canada's operating liabilities for the quarter that ended in Mar. 2026 was C$76.62 Mil. The Western Investment Co of Canada's Total Assets for the quarter that ended in Dec. 2025 was C$138.42 Mil. Therefore, The Western Investment Co of Canada's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was -0.05.

TSXV:WI
61GF Score
The Western Investment Co of Canada Ltd TSXV:WI
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Western Investment Co of Canada 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.

The Western Investment Co of Canada'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 )
=(82.635-72.144)/103.745
=0.10

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=138.42 - 55.785
=82.635

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=73.11 - 0.966 - 0
=72.144

The Western Investment Co of Canada'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 )
=(70.096-76.623)/138.42
=-0.05

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=155.414 - 85.318
=70.096

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=77.564 - 0.941 - 0
=76.623

* 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 -0.05 mean?
The Western Investment Co of Canada (TSXV:WI) has a Scaled Net Operating Assets of -0.05 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 The Western Investment Co of Canada and its competitors.
Is The Western Investment Co of Canada's Scaled Net Operating Assets too high?
The Western Investment Co of Canada's current Scaled Net Operating Assets is -0.05. Overall, The Western Investment Co of Canada has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does The Western Investment Co of Canada's Scaled Net Operating Assets compare to BRK.A and AIG?
The Western Investment Co of Canada's Scaled Net Operating Assets of -0.05 can be compared against companies in the Insurance 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 Insurance company?
A good Scaled Net Operating Assets depends on the Insurance 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 The Western Investment Co of Canada and its competitors. The Western Investment Co of Canada's current Scaled Net Operating Assets is -0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Western Investment Co of Canada stock overvalued right now?
Based on GuruFocus' analysis, The Western Investment Co of Canada (TSXV:WI) is currently considered Possible Value Trap. The stock's GF Value™ is C$12.73, compared to a current price of C$1.03 — trading 91.9% below its estimated fair value. The current Scaled Net Operating Assets is -0.05. The Western Investment Co of Canada's overall GF Score™ is 61/100 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 The Western Investment Co of Canada (TSXV:WI), the current Scaled Net Operating Assets is -0.05 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 The Western Investment Co of Canada (TSXV:WI) Overvalued in 2026?

Based on GuruFocus' analysis, The Western Investment Co of Canada stock appears to be undervalued. The current stock price of C$1.03 is trading 91.9% below its estimated GF Value™ of C$12.73. GuruFocus considers The Western Investment Co of Canada to be Possible Value Trap.

Key valuation signals for TSXV:WI:

  • Scaled Net Operating Assets: -0.05
  • GF Value™: C$12.73 vs. price of C$1.03 (91.9% below fair value)
  • GF Score™: 61/100 with 4 warning signs

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

The Western Investment Co of Canada Business Description

Address 95 Street Clair Avenue West, Suite 1700, Toronto, ON, CAN, M3V 1N6
The Western Investment Co of Canada Ltd is a Canada-based insurance and investments holding company focused on decentralized ownership of insurance businesses and centralized investment management. Through its wholly owned subsidiary, the company is involved in property and other insurance business offering niche products, including accident & sickness, automobile, boiler & machinery, fidelity, legal expense, liability, marine, and surety. In addition, the company also has a non-controlling interest investment in a number of companies.
61GF Score

Get the complete analysis for TSXV:WI

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

C$1.03
Price
C$12.73
GF Value