TOYO (FRA:TOY) Scaled Net Operating Assets: 0.70 (As of Mar. 2026)


FRA:TOY TOYO Corporation FRA:TOY
92 GF Score
Price €10.50
GF Value €10.37
Valuation Fairly Valued
! 4 Warning Signs
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What is TOYO Scaled Net Operating Assets?

TOYO FRA:TOY -2.78% 92 Scaled Net Operating Assets is 0.70 as of Mar. 2026. GuruFocus rates FRA:TOY with a GF Score™ of 92/100 and a GF Value™ of €10.37 (Fairly Valued). 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.

TOYO's operating assets for the quarter that ended in Mar. 2026 was €217.3 Mil. TOYO's operating liabilities for the quarter that ended in Mar. 2026 was €60.6 Mil. TOYO's Total Assets for the quarter that ended in Dec. 2025 was €223.2 Mil. Therefore, TOYO's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.70.


TOYO Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for TOYO'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.

TOYO Scaled Net Operating Assets Chart

TOYO Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.43 0.55 0.53 0.63 0.59

TOYO 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 0.70 0.55 0.62 0.60 0.70

FRA:TOY vs COHR, KEYS, GRMN: Scaled Net Operating Assets Comparison

For the Scientific & Technical Instruments subindustry, TOYO'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.


TOYO Scaled Net Operating Assets vs Hardware Industry

For the Hardware industry and Technology sector, TOYO's Scaled Net Operating Assets distribution charts can be found below:

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


FRA:TOY
92GF Score
TOYO Corporation FRA:TOY
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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TOYO 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.

TOYO's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Sep. 2025 )
=(Operating Assets (A: Sep. 2025 )-Operating Liabilities (A: Sep. 2025 ))/Total Assets (A: Sep. 2024 )
=(197.046-52.535)/246.652
=0.59

where

Operating Assets(A: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=230.121 - 33.075
=197.046

Operating Liabilities(A: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=68.093 - 0 - 15.558
=52.535

TOYO'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 )
=(217.349-60.57)/223.247
=0.70

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=251.033 - 33.684
=217.349

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=88.645 - 0 - 28.075
=60.57

* 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 0.70 mean?
TOYO (FRA:TOY) has a Scaled Net Operating Assets of 0.70 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 TOYO and its competitors.
Is TOYO's Scaled Net Operating Assets too high?
TOYO's current Scaled Net Operating Assets is 0.70. Overall, TOYO has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TOYO's Scaled Net Operating Assets compare to COHR and KEYS?
TOYO's Scaled Net Operating Assets of 0.70 can be compared against companies in the Hardware 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 Hardware company?
A good Scaled Net Operating Assets depends on the Hardware 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 TOYO and its competitors. TOYO's current Scaled Net Operating Assets is 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOYO stock overvalued right now?
Based on GuruFocus' analysis, TOYO (FRA:TOY) is currently considered Fairly Valued. The stock's GF Value™ is €10.37, compared to a current price of €10.50 — trading 1.3% above its estimated fair value. The current Scaled Net Operating Assets is 0.70. TOYO's overall GF Score™ is 92/100 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 TOYO (FRA:TOY), the current Scaled Net Operating Assets is 0.70 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 TOYO (FRA:TOY) Overvalued in 2026?

Based on GuruFocus' analysis, TOYO stock appears to be overvalued. The current stock price of €10.50 is trading 1.3% above its estimated GF Value™ of €10.37. GuruFocus considers TOYO to be Fairly Valued.

Key valuation signals for FRA:TOY:

  • Scaled Net Operating Assets: 0.70
  • GF Value™: €10.37 vs. price of €10.50 (1.3% above fair value)
  • GF Score™: 92/100 with 4 warning signs

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


TOYO Business Description

Other Exchanges 8151:JapanTOY:Germany
Address 1-6, Yaesu 1-chome, Chuo-ku, Tokyo, JPN, 103-8284
TOYO Corporation is a Japanese company engaged in businesses related to the sale, maintenance, and services of products in the fields of Telecommunications/Information Security, Machine Control/Noise and Vibration, Physical Properties/Energy, EMC/Large Antennas, Marine/Special Equipment, Software Development Support, and Life Sciences both domestically and overseas.
92GF Score

Get the complete analysis for FRA:TOY

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

€10.50
Price
€10.37
GF Value