Toho Co (HAM:TOH) Scaled Net Operating Assets: 0.57 (As of Feb. 2026)


HAM:TOH Toho Co Ltd HAM:TOH
69 GF Score
Price €7.05
GF Value €8.65
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What is Toho Co Scaled Net Operating Assets?

Toho Co HAM:TOH 69 Scaled Net Operating Assets is 0.57 as of Feb. 2026. GuruFocus rates HAM:TOH with a GF Score™ of 69/100 and a GF Value™ of €8.65.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Toho Co's operating assets for the quarter that ended in Feb. 2026 was €3,145 Mil. Toho Co's operating liabilities for the quarter that ended in Feb. 2026 was €918 Mil. Toho Co's Total Assets for the quarter that ended in Nov. 2025 was €3,935 Mil. Therefore, Toho Co's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.57.


Toho Co Scaled Net Operating Assets Historical Data

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The historical data trend for Toho 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.

Toho Co Scaled Net Operating Assets Chart

Toho Co Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.65 0.58 0.65 0.66 0.54

Toho Co Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 0.61 0.59 0.57 0.57

HAM:TOH vs NFLX, DIS, WBD: Scaled Net Operating Assets Comparison

For the Entertainment subindustry, Toho 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.


Toho Co Scaled Net Operating Assets vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Toho Co's Scaled Net Operating Assets distribution charts can be found below:

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


HAM:TOH
69GF Score
Toho Co Ltd HAM:TOH
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Toho 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.

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

Scaled Net Operating Assets (SNOA)(A: Feb. 2026 )
=(Operating Assets (A: Feb. 2026 )-Operating Liabilities (A: Feb. 2026 ))/Total Assets (A: Feb. 2025 )
=(3145.009-918.133)/4136.298
=0.54

where

Operating Assets(A: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3834.146 - 689.137
=3145.009

Operating Liabilities(A: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=926.969 - 6.954 - 1.882
=918.133

Toho Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Feb. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Feb. 2026 )
=(Operating Assets (Q: Feb. 2026 )-Operating Liabilities (Q: Feb. 2026 ))/Total Assets (Q: Nov. 2025 )
=(3145.009-918.133)/3934.618
=0.57

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3834.146 - 689.137
=3145.009

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=926.969 - 6.954 - 1.882
=918.133

* 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 0.57 mean?
Toho Co (HAM:TOH) has a Scaled Net Operating Assets of 0.57 as of Feb. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Toho Co and its competitors.
Is Toho Co's Scaled Net Operating Assets too high?
Toho Co's current Scaled Net Operating Assets is 0.57. Overall, Toho Co has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Toho Co's Scaled Net Operating Assets compare to NFLX and DIS?
Toho Co's Scaled Net Operating Assets of 0.57 can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good Scaled Net Operating Assets depends on the Media - Diversified 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 Toho Co and its competitors. Toho Co's current Scaled Net Operating Assets is 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toho Co stock overvalued right now?
Toho Co (HAM:TOH) has a current Scaled Net Operating Assets of 0.57. The stock's GF Value™ is €8.65, compared to a current price of €7.05 — trading 18.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.57. Toho Co's overall GF Score™ is 69/100. 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 Toho Co (HAM:TOH), the current Scaled Net Operating Assets is 0.57 as of Feb. 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 Toho Co (HAM:TOH) Overvalued in 2026?

Based on GuruFocus' analysis, Toho Co stock appears to be undervalued. The current stock price of €7.05 is trading 18.5% below its estimated GF Value™ of €8.65.

Key valuation signals for HAM:TOH:

  • Scaled Net Operating Assets: 0.57
  • GF Value™: €8.65 vs. price of €7.05 (18.5% below fair value)
  • GF Score™: 69/100

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


Toho Co Business Description

Address 1-2-2 Yurakucho, Chiyoda-ku, Tokyo, JPN, 100-8415
Toho Co Ltd is a diversified media company with interests in the film and theater businesses. The company operates through three primary business segments: movie, theater, and real estate. The movie segment generates the vast majority of its revenue and is involved in the production and distribution of feature films. The theater segment is involved in planning, producing, and performing stage productions. The corporate real estate segment leases land and buildings. The company generates the vast majority of its revenue in Japan.
69GF Score

Get the complete analysis for HAM:TOH

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

€7.05
Price
€8.65
GF Value