Hankyu Hanshin Holdings (FRA:HKY) Scaled Net Operating Assets: 0.74 (As of Mar. 2026)


FRA:HKY Hankyu Hanshin Holdings Inc FRA:HKY
75 GF Score
Price €22.20
GF Value €26.10
! 2 Warning Signs
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What is Hankyu Hanshin Holdings Scaled Net Operating Assets?

Hankyu Hanshin Holdings FRA:HKY -2.63% 75 Scaled Net Operating Assets is 0.74 as of Mar. 2026. GuruFocus rates FRA:HKY with a GF Score™ of 75/100 and a GF Value™ of €26.10. The stock has 2 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.

Hankyu Hanshin Holdings's operating assets for the quarter that ended in Mar. 2026 was €18,923 Mil. Hankyu Hanshin Holdings's operating liabilities for the quarter that ended in Mar. 2026 was €4,948 Mil. Hankyu Hanshin Holdings's Total Assets for the quarter that ended in Dec. 2025 was €18,858 Mil. Therefore, Hankyu Hanshin Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.74.


Hankyu Hanshin Holdings Scaled Net Operating Assets Historical Data

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The historical data trend for Hankyu Hanshin 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.

Hankyu Hanshin Holdings Scaled Net Operating Assets Chart

Hankyu Hanshin Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.75 0.69 0.67 0.78 0.69

Hankyu Hanshin Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 0.75 0.71 0.72 0.73 0.74

FRA:HKY vs HON, MMM: Scaled Net Operating Assets Comparison

For the Conglomerates subindustry, Hankyu Hanshin 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.


Hankyu Hanshin Holdings Scaled Net Operating Assets vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Hankyu Hanshin Holdings's Scaled Net Operating Assets distribution charts can be found below:

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


FRA:HKY
75GF Score
Hankyu Hanshin Holdings Inc FRA:HKY
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Hankyu Hanshin 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.

Hankyu Hanshin Holdings'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 )
=(18922.578-4947.931)/20375.976
=0.69

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=19316.564 - 393.986
=18922.578

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=12767.887 - 6507.984 - 1311.972
=4947.931

Hankyu Hanshin Holdings'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 )
=(18922.578-4947.931)/18858.247
=0.74

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=19316.564 - 393.986
=18922.578

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=12767.887 - 6507.984 - 1311.972
=4947.931

* 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?
Hankyu Hanshin Holdings (FRA:HKY) has a Scaled Net Operating Assets of 0.74 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 Hankyu Hanshin Holdings and its competitors.
Is Hankyu Hanshin Holdings' Scaled Net Operating Assets too high?
Hankyu Hanshin Holdings' current Scaled Net Operating Assets is 0.74. Overall, Hankyu Hanshin Holdings has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Hankyu Hanshin Holdings' Scaled Net Operating Assets compare to HON and MMM?
Hankyu Hanshin Holdings' Scaled Net Operating Assets of 0.74 can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Scaled Net Operating Assets depends on the Conglomerates 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 Hankyu Hanshin Holdings and its competitors. Hankyu Hanshin 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 Hankyu Hanshin Holdings stock overvalued right now?
Hankyu Hanshin Holdings (FRA:HKY) has a current Scaled Net Operating Assets of 0.74. The stock's GF Value™ is €26.10, compared to a current price of €22.20 — trading 14.9% below its estimated fair value. The current Scaled Net Operating Assets is 0.74. Hankyu Hanshin Holdings' overall GF Score™ is 75/100 with 2 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 Hankyu Hanshin Holdings (FRA:HKY), the current Scaled Net Operating Assets is 0.74 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 Hankyu Hanshin Holdings (FRA:HKY) Overvalued in 2026?

Based on GuruFocus' analysis, Hankyu Hanshin Holdings stock appears to be undervalued. The current stock price of €22.20 is trading 14.9% below its estimated GF Value™ of €26.10.

Key valuation signals for FRA:HKY:

  • Scaled Net Operating Assets: 0.74
  • GF Value™: €26.10 vs. price of €22.20 (14.9% below fair value)
  • GF Score™: 75/100 with 2 warning signs

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


Hankyu Hanshin Holdings Business Description

Other Exchanges 9042:Japan
Address 1-16-1 Shibata, Kita-ku, Osaka, JPN, 530-0012
Hankyu Hanshin Holdings Inc is a Japanese conglomerate with diverse operations spanning transportation, real estate, entertainment, and related businesses. Its operating segments include Entertainment, Information and Communication, International Transportation, Real Estate, Travel, Urban Transportation, and Others. It generates the majority of its revenue from the Real Estate segment, which involves leasing business, condominium sales business, etc., and hotel business.
75GF 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.

€22.20
Price
€26.10
GF Value