Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Noritake Co's operating assets for the quarter that ended in Mar. 2026 was €1,147.5 Mil. Noritake Co's operating liabilities for the quarter that ended in Mar. 2026 was €267.2 Mil. Noritake Co's Total Assets for the quarter that ended in Dec. 2025 was €1,231.0 Mil. Therefore, Noritake Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.72.
Noritake Co Scaled Net Operating Assets Related Terms
Noritake Co Scaled Net Operating Assets Historical Data
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The historical data trend for Noritake 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:NO4 vs HON, MMM: Scaled Net Operating Assets Comparison
For the Conglomerates subindustry, Noritake 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.
Noritake Co Scaled Net Operating Assets vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Noritake Co's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Noritake 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 0.72 mean?
Noritake Co (FRA:NO4) has a Scaled Net Operating Assets of 0.72 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 Noritake Co and its competitors.
Is Noritake Co's Scaled Net Operating Assets too high?
Noritake Co's current Scaled Net Operating Assets is 0.72. Overall, Noritake Co has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Noritake Co's Scaled Net Operating Assets compare to HON and MMM?
Noritake Co's Scaled Net Operating Assets of 0.72 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 Noritake Co and its competitors. Noritake Co's current Scaled Net Operating Assets is 0.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noritake Co stock overvalued right now?
Based on GuruFocus' analysis, Noritake Co (FRA:NO4) is currently considered Significantly Overvalued. The stock's GF Value™ is €11.42, compared to a current price of €21.40 — trading 87.4% above its estimated fair value. The current Scaled Net Operating Assets is 0.72. Noritake Co's overall GF Score™ is 71/100 with 7 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 Noritake Co (FRA:NO4), the current Scaled Net Operating Assets is 0.72 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 Noritake Co (FRA:NO4) Overvalued in 2026?
Based on GuruFocus' analysis, Noritake Co stock appears to be overvalued.
The current stock price of €21.40 is trading 87.4% above its estimated GF Value™ of €11.42.
GuruFocus considers Noritake Co to be Significantly Overvalued.
Key valuation signals for FRA:NO4:
Scaled Net Operating Assets: 0.72
GF Value™: €11.42 vs. price of €21.40 (87.4% above fair value)
No single metric tells the full story. See the FRA:NO4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Noritake Co Ltd is engaged in manufacturing of grinding and polishing tools, electronic component materials and manufacturing equipment. The group has established four different business fields with the application and development of a variety of ceramics manufacturing technologies: Industrial Products, which supports industries with grinding wheels and diamond tools, Ceramics & Materials, which supplies ceramic raw materials to many kinds of manufacturers, Engineering which develops and proposes manufacturing equipment and technologies, and Tabletop, which offers tableware to create rich and luxurious dining.
71GF Score
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