Business One Holdings (FSE:4827) Scaled Net Operating Assets: 0.86 (As of Mar. 2026)

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FSE:4827 Business One Holdings Inc FSE:4827
77 GF Score
Price 円802.00
GF Value 円916.54
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Business One Holdings Scaled Net Operating Assets?

Business One Holdings FSE:4827 +0.25% 77 Scaled Net Operating Assets is 0.86 as of Mar. 2026. GuruFocus rates FSE:4827 with a GF Score™ of 77/100 and a GF Value™ of 円916.54 (Modestly Undervalued). 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.

Business One Holdings's operating assets for the quarter that ended in Mar. 2026 was 円28,113 Mil. Business One Holdings's operating liabilities for the quarter that ended in Mar. 2026 was 円1,967 Mil. Business One Holdings's Total Assets for the quarter that ended in Sep. 2025 was 円30,393 Mil. Therefore, Business One Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.86.


Business One Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Business One 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.

Business One Holdings Scaled Net Operating Assets Chart

Business One 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 1.00 1.09 0.84 0.86 0.86

Business One Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.82 0.83 0.86 0.81 0.86

FSE:4827 vs CBRE, BEKE, JLL: Scaled Net Operating Assets Comparison

For the Real Estate Services subindustry, Business One 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.


Business One Holdings Scaled Net Operating Assets vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Business One Holdings's Scaled Net Operating Assets distribution charts can be found below:

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


FSE:4827
77GF Score
Business One Holdings Inc FSE:4827
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Business One 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.

Business One 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 )
=(28112.841-1967.254)/30554.571
=0.86

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=32606.61 - 4493.769
=28112.841

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=25567.181 - 8282.438 - 15317.489
=1967.254

Business One 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: Sep. 2025 )
=(28112.841-1967.254)/30392.854
=0.86

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=32606.61 - 4493.769
=28112.841

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=25567.181 - 8282.438 - 15317.489
=1967.254

* 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 0.86 mean?
Business One Holdings (FSE:4827) has a Scaled Net Operating Assets of 0.86 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 Business One Holdings and its competitors.
Is Business One Holdings' Scaled Net Operating Assets too high?
Business One Holdings' current Scaled Net Operating Assets is 0.86. Overall, Business One Holdings has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Business One Holdings' Scaled Net Operating Assets compare to CBRE and BEKE?
Business One Holdings' Scaled Net Operating Assets of 0.86 can be compared against companies in the Real Estate 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 Real Estate company?
A good Scaled Net Operating Assets depends on the Real Estate 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 Business One Holdings and its competitors. Business One Holdings's current Scaled Net Operating Assets is 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Business One Holdings stock overvalued right now?
Based on GuruFocus' analysis, Business One Holdings (FSE:4827) is currently considered Modestly Undervalued. The stock's GF Value™ is 円916.54, compared to a current price of 円802.00 — trading 12.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.86. Business One Holdings' overall GF Score™ is 77/100 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 Business One Holdings (FSE:4827), the current Scaled Net Operating Assets is 0.86 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 Business One Holdings (FSE:4827) Overvalued in 2026?

Based on GuruFocus' analysis, Business One Holdings stock appears to be undervalued. The current stock price of 円802.00 is trading 12.5% below its estimated GF Value™ of 円916.54. GuruFocus considers Business One Holdings to be Modestly Undervalued.

Key valuation signals for FSE:4827:

  • Scaled Net Operating Assets: 0.86
  • GF Value™: 円916.54 vs. price of 円802.00 (12.5% below fair value)
  • GF Score™: 77/100 with 4 warning signs

No single metric tells the full story. See the FSE:4827 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Business One Holdings Business Description

Address 3-16-27 Yakuin Chuo-ku, Chuo-ku Chuo Ward, 3rd floor, Fukuoka city, JPN, 810-0022
Business One Holdings Inc provides real estate management services for condominiums. The company purchases and sells real estate properties; and develops and sells software products. It also has leasing management business, finance business, software business, health business. It develops and sells evaluation software for plumbing and electrical contractors.
77GF Score

Get the complete analysis for FSE:4827

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

円802.00
Price
円916.54
GF Value