ASBHY (Asahi Group Holdings) Scaled Net Operating Assets: 0.74 (As of Sep. 2025)


ASBHY Asahi Group Holdings Ltd ASBHY
66 GF Score
Price $9.95
GF Value $12.16
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Asahi Group Holdings Scaled Net Operating Assets?

Asahi Group Holdings ASBHY 66 Scaled Net Operating Assets is 0.74 as of Sep. 2025. GuruFocus rates ASBHY with a GF Score™ of 66/100 and a GF Value™ of $12.16 (Modestly Undervalued). The stock has 3 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.

Asahi Group Holdings's operating assets for the quarter that ended in Sep. 2025 was $37,077 Mil. Asahi Group Holdings's operating liabilities for the quarter that ended in Sep. 2025 was $9,163 Mil. Asahi Group Holdings's Total Assets for the quarter that ended in Jun. 2025 was $37,598 Mil. Therefore, Asahi Group Holdings's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2025 was 0.74.


Asahi Group Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Asahi Group Holdings'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.

Asahi Group Holdings Scaled Net Operating Assets Chart

Asahi Group Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.10 0.68 0.65 0.74 0.68

Asahi Group Holdings Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 0.76 0.68 0.76 0.79 0.74

ASBHY vs STZ, TAP: Scaled Net Operating Assets Comparison

For the Beverages - Brewers subindustry, Asahi Group Holdings'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.


Asahi Group Holdings Scaled Net Operating Assets vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Asahi Group Holdings's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Asahi Group Holdings's Scaled Net Operating Assets falls into.


ASBHY
66GF Score
Asahi Group Holdings Ltd ASBHY
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Asahi Group Holdings 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.

Asahi Group Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2024 )
=(Operating Assets (A: Dec. 2024 )-Operating Liabilities (A: Dec. 2024 ))/Total Assets (A: Dec. 2023 )
=(34472.51-9428.109)/36712.446
=0.68

where

Operating Assets(A: Dec. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=35129.406 - 656.896
=34472.51

Operating Liabilities(A: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=17744.475 - 5383.42 - 2932.946
=9428.109

Asahi Group Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2025 )
=(Operating Assets (Q: Sep. 2025 )-Operating Liabilities (Q: Sep. 2025 ))/Total Assets (Q: Jun. 2025 )
=(37076.515-9163.32)/37597.878
=0.74

where

Operating Assets(Q: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=37723.614 - 647.099
=37076.515

Operating Liabilities(Q: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=18680.163 - 5300.457 - 4216.386
=9163.32

* 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 0.74 mean?
Asahi Group Holdings (ASBHY) has a Scaled Net Operating Assets of 0.74 as of Sep. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Asahi Group Holdings and its competitors.
Is Asahi Group Holdings' Scaled Net Operating Assets too high?
Asahi Group Holdings' current Scaled Net Operating Assets is 0.74. Overall, Asahi Group Holdings has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Asahi Group Holdings' Scaled Net Operating Assets compare to STZ and TAP?
Asahi Group Holdings' Scaled Net Operating Assets of 0.74 can be compared against companies in the Beverages - Alcoholic 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 Beverages - Alcoholic company?
A good Scaled Net Operating Assets depends on the Beverages - Alcoholic 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 Asahi Group Holdings and its competitors. Asahi Group Holdings's current Scaled Net Operating Assets is 0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asahi Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Asahi Group Holdings (ASBHY) is currently considered Modestly Undervalued. The stock's GF Value™ is $12.16, compared to a current price of $9.95 — trading 18.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.74. Asahi Group Holdings' overall GF Score™ is 66/100 with 3 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 Asahi Group Holdings (ASBHY), the current Scaled Net Operating Assets is 0.74 as of Sep. 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 Asahi Group Holdings (ASBHY) Overvalued in 2026?

Based on GuruFocus' analysis, Asahi Group Holdings stock appears to be undervalued. The current stock price of $9.95 is trading 18.2% below its estimated GF Value™ of $12.16. GuruFocus considers Asahi Group Holdings to be Modestly Undervalued.

Key valuation signals for ASBHY:

  • Scaled Net Operating Assets: 0.74
  • GF Value™: $12.16 vs. price of $9.95 (18.2% below fair value)
  • GF Score™: 66/100 with 3 warning signs

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


Asahi Group Holdings Business Description

Address 1-23-1 Azumabashi, Sumida-ku, Tokyo, JPN, 130-8602
Asahi is the largest brewer in Japan with a nearly 40% market share, led by its Asahi Super Dry brand. It also operates a wide range of alcoholic and soft beverage products as well as packaged foods, mainly in Japan. Overseas markets accounted for over half of the company's revenue and close to 60% of operating profit, with Australia and Europe being two major markets. It acquired SABMiller's brands including Peroni and Pilsner Urquell in Western and Central Europe in 2016 and 2017 from Anheuser-Busch InBev. In Australia, Asahi holds market leaderships across beer and soft drinks segments, through its acquisitions of Schweppes Australia in 2009 and Carlton & United Breweries in 2020.
66GF Score

Get the complete analysis for ASBHY

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

$9.95
Price
$12.16
GF Value