Nihon Trim Co (FRA:NH8) Scaled Net Operating Assets: 0.35 (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.

FRA:NH8 Nihon Trim Co Ltd FRA:NH8
86 GF Score
Price €24.00
GF Value €23.91
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Nihon Trim Co Scaled Net Operating Assets?

Nihon Trim Co FRA:NH8 86 Scaled Net Operating Assets is 0.35 as of Mar. 2026. GuruFocus rates FRA:NH8 with a GF Score™ of 86/100 and a GF Value™ of €23.91 (Fairly Valued). The stock has 1 warning sign investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Nihon Trim Co's operating assets for the quarter that ended in Mar. 2026 was €119.2 Mil. Nihon Trim Co's operating liabilities for the quarter that ended in Mar. 2026 was €51.9 Mil. Nihon Trim Co's Total Assets for the quarter that ended in Dec. 2025 was €191.2 Mil. Therefore, Nihon Trim Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.35.


Nihon Trim Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Nihon Trim Co'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.

Nihon Trim Co Scaled Net Operating Assets Chart

Nihon Trim Co 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 0.34 0.32 0.25 0.33 0.31

Nihon Trim Co 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 0.31 0.30 0.32 0.33 0.35

FRA:NH8 vs VLTO, ZWS, CECO: Scaled Net Operating Assets Comparison

For the Pollution & Treatment Controls subindustry, Nihon Trim Co'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.


Nihon Trim Co Scaled Net Operating Assets vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nihon Trim Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Nihon Trim Co's Scaled Net Operating Assets falls into.


FRA:NH8
86GF Score
Nihon Trim Co Ltd FRA:NH8
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nihon Trim Co 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.

Nihon Trim Co'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 )
=(119.152-51.852)/219.393
=0.31

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=196.608 - 77.456
=119.152

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=57.704 - 5.512 - 0.34
=51.852

Nihon Trim Co'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 )
=(119.152-51.852)/191.161
=0.35

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=196.608 - 77.456
=119.152

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=57.704 - 5.512 - 0.34
=51.852

* 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 0.35 mean?
Nihon Trim Co (FRA:NH8) has a Scaled Net Operating Assets of 0.35 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 Nihon Trim Co and its competitors.
Is Nihon Trim Co's Scaled Net Operating Assets too high?
Nihon Trim Co's current Scaled Net Operating Assets is 0.35. Overall, Nihon Trim Co has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nihon Trim Co's Scaled Net Operating Assets compare to VLTO and ZWS?
Nihon Trim Co's Scaled Net Operating Assets of 0.35 can be compared against companies in the Industrial Products 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 Industrial Products company?
A good Scaled Net Operating Assets depends on the Industrial Products 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 Nihon Trim Co and its competitors. Nihon Trim Co's current Scaled Net Operating Assets is 0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nihon Trim Co stock overvalued right now?
Based on GuruFocus' analysis, Nihon Trim Co (FRA:NH8) is currently considered Fairly Valued. The stock's GF Value™ is €23.91, compared to a current price of €24.00 — trading 0.4% above its estimated fair value. The current Scaled Net Operating Assets is 0.35. Nihon Trim Co's overall GF Score™ is 86/100 with 1 warning sign 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 Nihon Trim Co (FRA:NH8), the current Scaled Net Operating Assets is 0.35 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 Nihon Trim Co (FRA:NH8) Overvalued in 2026?

Based on GuruFocus' analysis, Nihon Trim Co stock appears to be overvalued. The current stock price of €24.00 is trading 0.4% above its estimated GF Value™ of €23.91. GuruFocus considers Nihon Trim Co to be Fairly Valued.

Key valuation signals for FRA:NH8:

  • Scaled Net Operating Assets: 0.35
  • GF Value™: €23.91 vs. price of €24.00 (0.4% above fair value)
  • GF Score™: 86/100 with 1 warning sign

No single metric tells the full story. See the FRA:NH8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nihon Trim Co Business Description

Other Exchanges 6788:Japan
Address 1-8-34 Oyodo-Naka, Osaka, JPN, 531-0076
Nihon Trim Co Ltd is a Japan-based company engaged in the manufacture and sale of electrolyzed reduction water equipment. The company operates through two segments namely Water healthcare business and Medical business. Its Water healthcare business segment includes sale of electrolyzed hydrogen water (EHW) apparatus and associated operations. The Medical business segment consists of business operations in the fields of medical and preventive health care and regenerative medicine. In addition, it is also involved in the production and marketing of agricultural electrolyzed reduced water apparatus and bottled drinking water.
86GF Score

Get the complete analysis for FRA:NH8

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

€24.00
Price
€23.91
GF Value