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.
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.
Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Nippon Denko Co's operating assets for the quarter that ended in Dec. 2025 was €478.7 Mil. Nippon Denko Co's operating liabilities for the quarter that ended in Dec. 2025 was €46.9 Mil. Nippon Denko Co's Total Assets for the quarter that ended in Sep. 2025 was €542.2 Mil. Therefore, Nippon Denko Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.80.
Nippon Denko Co Scaled Net Operating Assets Related Terms
Nippon Denko Co Scaled Net Operating Assets Historical Data
* Premium members only.
The historical data trend for Nippon Denko 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.
FRA:NJ5 vs NUE, STLD, RS: Scaled Net Operating Assets Comparison
For the Steel subindustry, Nippon Denko 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.
Nippon Denko Co Scaled Net Operating Assets vs Steel Industry
For the Steel industry and Basic Materials sector, Nippon Denko Co's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Nippon Denko Co's Scaled Net Operating Assets falls into.
* 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 0.80 mean?
Nippon Denko Co (FRA:NJ5) has a Scaled Net Operating Assets of 0.80 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Nippon Denko Co and its competitors.
Is Nippon Denko Co's Scaled Net Operating Assets too high?
Nippon Denko Co's current Scaled Net Operating Assets is 0.80. Overall, Nippon Denko Co has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Nippon Denko Co's Scaled Net Operating Assets compare to NUE and STLD?
Nippon Denko Co's Scaled Net Operating Assets of 0.80 can be compared against companies in the Steel 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 Steel company?
A good Scaled Net Operating Assets depends on the Steel 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 Nippon Denko Co and its competitors. Nippon Denko Co's current Scaled Net Operating Assets is 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Denko Co stock overvalued right now?
Nippon Denko Co (FRA:NJ5) has a current Scaled Net Operating Assets of 0.80. The stock's GF Value™ is €1.63, compared to a current price of €2.18 — trading 33.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.80. Nippon Denko Co's overall GF Score™ is 73/100 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 Nippon Denko Co (FRA:NJ5), the current Scaled Net Operating Assets is 0.80 as of Dec. 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 Nippon Denko Co (FRA:NJ5) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Denko Co stock appears to be overvalued.
The current stock price of €2.18 is trading 33.7% above its estimated GF Value™ of €1.63.
Key valuation signals for FRA:NJ5:
Scaled Net Operating Assets: 0.80
GF Value™: €1.63 vs. price of €2.18 (33.7% above fair value)
No single metric tells the full story. See the FRA:NJ5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Denko Co Ltd is mainly engaged in the manufacturing and distribution of ferroalloys. In addition, it is also involved in the electric power generation. The company's core business activities are categorized into four segments: Ferroalloys, Functional Materials, Environment, and Other. The company serves a diverse range of markets including power companies, agricultural cooperatives, local governments and companies discharging industrial waste.
73GF Score
Get the complete analysis for FRA:NJ5
Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:NJ5 has been successfully added to your 
