HAZAF (HAZAMA ANDO) Scaled Net Operating Assets: 0.44 (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.

HAZAF HAZAMA ANDO Corp HAZAF
84 GF Score
Price $7.77
GF Value $6.04
! 2 Warning Signs
View Full Analysis

What is HAZAMA ANDO Scaled Net Operating Assets?

HAZAMA ANDO HAZAF 84 Scaled Net Operating Assets is 0.44 as of Mar. 2026. GuruFocus rates HAZAF with a GF Score™ of 84/100 and a GF Value™ of $6.04. The stock has 2 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.

HAZAMA ANDO's operating assets for the quarter that ended in Mar. 2026 was $2,177 Mil. HAZAMA ANDO's operating liabilities for the quarter that ended in Mar. 2026 was $1,101 Mil. HAZAMA ANDO's Total Assets for the quarter that ended in Dec. 2025 was $2,421 Mil. Therefore, HAZAMA ANDO's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.44.


HAZAMA ANDO Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for HAZAMA ANDO'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.

HAZAMA ANDO Scaled Net Operating Assets Chart

HAZAMA ANDO 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 0.27 0.27 0.36 0.43 0.43

HAZAMA ANDO 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 0.41 0.39 0.43 0.53 0.44

HAZAF vs PWR, FIX, EME: Scaled Net Operating Assets Comparison

For the Engineering & Construction subindustry, HAZAMA ANDO'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.


HAZAMA ANDO Scaled Net Operating Assets vs Construction Industry

For the Construction industry and Industrials sector, HAZAMA ANDO's Scaled Net Operating Assets distribution charts can be found below:

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


HAZAF
84GF Score
HAZAMA ANDO Corp HAZAF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HAZAMA ANDO 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.

HAZAMA ANDO'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 )
=(2176.702-1100.845)/2495.505
=0.43

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2593.698 - 416.996
=2176.702

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1274.235 - 41.082 - 132.308
=1100.845

HAZAMA ANDO'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 )
=(2176.702-1100.845)/2420.922
=0.44

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2593.698 - 416.996
=2176.702

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1274.235 - 41.082 - 132.308
=1100.845

* 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 0.44 mean?
HAZAMA ANDO (HAZAF) has a Scaled Net Operating Assets of 0.44 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 HAZAMA ANDO and its competitors.
Is HAZAMA ANDO's Scaled Net Operating Assets too high?
HAZAMA ANDO's current Scaled Net Operating Assets is 0.44. Overall, HAZAMA ANDO has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does HAZAMA ANDO's Scaled Net Operating Assets compare to PWR and FIX?
HAZAMA ANDO's Scaled Net Operating Assets of 0.44 can be compared against companies in the Construction 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 Construction company?
A good Scaled Net Operating Assets depends on the Construction 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 HAZAMA ANDO and its competitors. HAZAMA ANDO's current Scaled Net Operating Assets is 0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HAZAMA ANDO stock overvalued right now?
HAZAMA ANDO (HAZAF) has a current Scaled Net Operating Assets of 0.44. The stock's GF Value™ is $6.04, compared to a current price of $7.77 — trading 28.6% above its estimated fair value. The current Scaled Net Operating Assets is 0.44. HAZAMA ANDO's overall GF Score™ is 84/100 with 2 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 HAZAMA ANDO (HAZAF), the current Scaled Net Operating Assets is 0.44 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 HAZAMA ANDO (HAZAF) Overvalued in 2026?

Based on GuruFocus' analysis, HAZAMA ANDO stock appears to be overvalued. The current stock price of $7.77 is trading 28.6% above its estimated GF Value™ of $6.04.

Key valuation signals for HAZAF:

  • Scaled Net Operating Assets: 0.44
  • GF Value™: $6.04 vs. price of $7.77 (28.6% above fair value)
  • GF Score™: 84/100 with 2 warning signs

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


HAZAMA ANDO Business Description

Other Exchanges 1719:Japan2PW:Germany
Address No. 20, No. 1 Minato-ku, Akasaka 6-chome, Tokyo, JPN, 107-8658
HAZAMA ANDO Corp is a Japanese company which is mainly engaged in construction and construction-related business. The company has three reportable segments namely Civil Engineering, Building Construction and Consolidated Subsidiaries. The Civil Engineering services include surveys, measurements, planning, designing, execution, supervising, technical guidance commissioning, and consulting work. It also provides collection, handling, and disposal of waste, and consulting work relating to such business as well as an area development, urban development, and environmental improvements. The majority of the company's revenue comes from the domestic business in Japan.
84GF Score

Get the complete analysis for HAZAF

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

$7.77
Price
$6.04
GF Value