Joyfull Co (FSE:9942) Scaled Net Operating Assets: 0.51 (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.

FSE:9942 Joyfull Co Ltd FSE:9942
73 GF Score
Price 円1,337.00
GF Value 円1,227.88
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Joyfull Co Scaled Net Operating Assets?

Joyfull Co FSE:9942 -0.30% 73 Scaled Net Operating Assets is 0.51 as of Mar. 2026. GuruFocus rates FSE:9942 with a GF Score™ of 73/100 and a GF Value™ of 円1,227.88 (Fairly Valued). The stock has 3 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.

Joyfull Co's operating assets for the quarter that ended in Mar. 2026 was 円31,628 Mil. Joyfull Co's operating liabilities for the quarter that ended in Mar. 2026 was 円14,337 Mil. Joyfull Co's Total Assets for the quarter that ended in Dec. 2025 was 円33,895 Mil. Therefore, Joyfull Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.51.


Joyfull Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Joyfull 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.

Joyfull Co Scaled Net Operating Assets Chart

Joyfull Co Annual Data
Trend Dec16 Dec17 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.52 0.53 0.52 0.58 0.56

Joyfull Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.58 0.57 0.54 0.51 0.53

FSE:9942 vs MCD, SBUX, YUM: Scaled Net Operating Assets Comparison

For the Restaurants subindustry, Joyfull 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.


Joyfull Co Scaled Net Operating Assets vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Joyfull Co's Scaled Net Operating Assets distribution charts can be found below:

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


FSE:9942
73GF Score
Joyfull Co Ltd FSE:9942
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Joyfull 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.

Joyfull Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2026 )
=(Operating Assets (A: Jun. 2026 )-Operating Liabilities (A: Jun. 2026 ))/Total Assets (A: Jun. 2025 )
=(31984-14176)/31618
=0.56

where

Operating Assets(A: Jun. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=34189 - 2205
=31984

Operating Liabilities(A: Jun. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=18589 - 2658 - 1755
=14176

Joyfull 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 )
=(31628-14337)/33895
=0.51

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=33490 - 1862
=31628

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=18674 - 2654 - 1683
=14337

* 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 0.51 mean?
Joyfull Co (FSE:9942) has a Scaled Net Operating Assets of 0.51 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 Joyfull Co and its competitors.
Is Joyfull Co's Scaled Net Operating Assets too high?
Joyfull Co's current Scaled Net Operating Assets is 0.51. Overall, Joyfull Co has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Joyfull Co's Scaled Net Operating Assets compare to MCD and SBUX?
Joyfull Co's Scaled Net Operating Assets of 0.51 can be compared against companies in the Restaurants 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 Restaurants company?
A good Scaled Net Operating Assets depends on the Restaurants 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 Joyfull Co and its competitors. Joyfull Co's current Scaled Net Operating Assets is 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Joyfull Co stock overvalued right now?
Based on GuruFocus' analysis, Joyfull Co (FSE:9942) is currently considered Fairly Valued. The stock's GF Value™ is 円1,227.88, compared to a current price of 円1,337.00 — trading 8.9% above its estimated fair value. The current Scaled Net Operating Assets is 0.51. Joyfull Co's overall GF Score™ is 73/100 with 3 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 Joyfull Co (FSE:9942), the current Scaled Net Operating Assets is 0.51 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 Joyfull Co (FSE:9942) Overvalued in 2026?

Based on GuruFocus' analysis, Joyfull Co stock appears to be overvalued. The current stock price of 円1,337.00 is trading 8.9% above its estimated GF Value™ of 円1,227.88. GuruFocus considers Joyfull Co to be Fairly Valued.

Key valuation signals for FSE:9942:

  • Scaled Net Operating Assets: 0.51
  • GF Value™: 円1,227.88 vs. price of 円1,337.00 (8.9% above fair value)
  • GF Score™: 73/100 with 3 warning signs

No single metric tells the full story. See the FSE:9942 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Joyfull Co Business Description

Address 1-1-45 Mitsugawashinmachi, Oita Prefecture, Oita, JPN, 870-0141
Joyfull Co Ltd is a Japanese based chain restaurant operator. It is engaged in offering a western-style menu. It offers a lunch menu, grilled lunch, morning menu, the seasonal menu including chicken, beef, pork, meat, snacks, combo meals, alcohol, dessert, cappuccino, black bean tea, among others.
73GF Score

Get the complete analysis for FSE:9942

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

円1,337.00
Price
円1,227.88
GF Value