DSECF (Daiwa Securities Group) Scaled Net Operating Assets: 0.09 (As of Mar. 2026)


DSECF Daiwa Securities Group Inc DSECF
66 GF Score
Price $9.69
GF Value $7.61
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Daiwa Securities Group Scaled Net Operating Assets?

Daiwa Securities Group DSECF -0.97% 66 Scaled Net Operating Assets is 0.09 as of Mar. 2026. GuruFocus rates DSECF with a GF Score™ of 66/100 and a GF Value™ of $7.61 (Modestly Overvalued). 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.

Daiwa Securities Group's operating assets for the quarter that ended in Mar. 2026 was $212,445 Mil. Daiwa Securities Group's operating liabilities for the quarter that ended in Mar. 2026 was $190,697 Mil. Daiwa Securities Group's Total Assets for the quarter that ended in Dec. 2025 was $247,541 Mil. Therefore, Daiwa Securities Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.09.

DSECF
66GF Score
Daiwa Securities Group Inc DSECF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Daiwa Securities Group 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.

Daiwa Securities Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(212444.608-190696.604)/241680.706
=0.09

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=239960.916 - 27516.308
=212444.608

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=227068.471 - 36371.867 - 0
=190696.604

Daiwa Securities Group'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 )
=(212444.608-190696.604)/247541.16
=0.09

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=239960.916 - 27516.308
=212444.608

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=227068.471 - 36371.867 - 0
=190696.604

* 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 0.09 mean?
Daiwa Securities Group (DSECF) has a Scaled Net Operating Assets of 0.09 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 Daiwa Securities Group and its competitors.
Is Daiwa Securities Group's Scaled Net Operating Assets too high?
Daiwa Securities Group's current Scaled Net Operating Assets is 0.09. Overall, Daiwa Securities Group has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Daiwa Securities Group's Scaled Net Operating Assets compare to MS and GS?
Daiwa Securities Group's Scaled Net Operating Assets of 0.09 can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Scaled Net Operating Assets depends on the Capital Markets 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 Daiwa Securities Group and its competitors. Daiwa Securities Group's current Scaled Net Operating Assets is 0.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daiwa Securities Group stock overvalued right now?
Based on GuruFocus' analysis, Daiwa Securities Group (DSECF) is currently considered Modestly Overvalued. The stock's GF Value™ is $7.61, compared to a current price of $9.69 — trading 27.3% above its estimated fair value. The current Scaled Net Operating Assets is 0.09. Daiwa Securities Group's overall GF Score™ is 66/100 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 Daiwa Securities Group (DSECF), the current Scaled Net Operating Assets is 0.09 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 Daiwa Securities Group (DSECF) Overvalued in 2026?

Based on GuruFocus' analysis, Daiwa Securities Group stock appears to be overvalued. The current stock price of $9.69 is trading 27.3% above its estimated GF Value™ of $7.61. GuruFocus considers Daiwa Securities Group to be Modestly Overvalued.

Key valuation signals for DSECF:

  • Scaled Net Operating Assets: 0.09
  • GF Value™: $7.61 vs. price of $9.69 (27.3% above fair value)
  • GF Score™: 66/100 with 4 warning signs

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

Daiwa Securities Group Business Description

Address 1-9-1 Marunouchi, Gran Tokyo North Tower, Chiyoda-ku, Tokyo, JPN, 100-6751
Daiwa Securities Group Inc is a Japan-based financial services company. The company operates through four segments. The Asset Management Division manages investment trusts, funds, and corporations across assets, including private equity, real estate, renewable energy, and infrastructure, while also offering advisory services to institutional investors in Japan and overseas. The Global Markets & Investment Banking Division handles sales and trading of securities, foreign exchange, and derivatives, and provides underwriting and M&A advisory. The Wealth Management Division serves individuals and private corporate clients with diverse financial products. Others include subsidiary management, information services, administration, and real estate leasing.
66GF 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.

$9.69
Price
$7.61
GF Value