KXIAY (Kioxia Holdings) Scaled Net Operating Assets: 0.67 (As of Mar. 2026)


KXIAY Kioxia Holdings Corp KXIAY
18 GF Score
Price $51.60
! 2 Warning Signs
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What is Kioxia Holdings Scaled Net Operating Assets?

Kioxia Holdings KXIAY -12.76% 18 Scaled Net Operating Assets is 0.67 as of Mar. 2026. GuruFocus rates KXIAY with a GF Score™ of 18/100. 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.

Kioxia Holdings's operating assets for the quarter that ended in Mar. 2026 was $20,243 Mil. Kioxia Holdings's operating liabilities for the quarter that ended in Mar. 2026 was $6,540 Mil. Kioxia Holdings's Total Assets for the quarter that ended in Dec. 2025 was $20,491 Mil. Therefore, Kioxia Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.67.


Kioxia Holdings Scaled Net Operating Assets Historical Data

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The historical data trend for Kioxia 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.

Kioxia Holdings Scaled Net Operating Assets Chart

Kioxia Holdings Annual Data
Trend Mar19 Mar20 Mar24 Mar25 Mar26
Scaled Net Operating Assets
0.51 0.64 0.49 0.84 0.70

Kioxia Holdings Quarterly Data
Mar19 Jun19 Mar20 Jun20 Mar24 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 0.53 0.56 0.65 0.63 0.67

KXIAY vs NVDA, AVGO, MU: Scaled Net Operating Assets Comparison

For the Semiconductors subindustry, Kioxia 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.


Kioxia Holdings Scaled Net Operating Assets vs Semiconductors Industry

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

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


KXIAY
18GF Score
Kioxia Holdings Corp KXIAY
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Kioxia 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.

Kioxia 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 )
=(20242.742-6540.114)/19587.589
=0.70

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=23254.4 - 3011.658
=20242.742

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=14437.566 - 6515.052 - 1382.4
=6540.114

Kioxia 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: Dec. 2025 )
=(20242.742-6540.114)/20490.921
=0.67

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=23254.4 - 3011.658
=20242.742

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=14437.566 - 6515.052 - 1382.4
=6540.114

* 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 0.67 mean?
Kioxia Holdings (KXIAY) has a Scaled Net Operating Assets of 0.67 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 Kioxia Holdings and its competitors.
Is Kioxia Holdings' Scaled Net Operating Assets too high?
Kioxia Holdings' current Scaled Net Operating Assets is 0.67. Overall, Kioxia Holdings has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Kioxia Holdings' Scaled Net Operating Assets compare to NVDA and AVGO?
Kioxia Holdings' Scaled Net Operating Assets of 0.67 can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Scaled Net Operating Assets depends on the Semiconductors 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 Kioxia Holdings and its competitors. Kioxia Holdings's current Scaled Net Operating Assets is 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kioxia Holdings stock overvalued right now?
Kioxia Holdings (KXIAY) has a current Scaled Net Operating Assets of 0.67. The current Scaled Net Operating Assets is 0.67. Kioxia Holdings' overall GF Score™ is 18/100 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 Kioxia Holdings (KXIAY), the current Scaled Net Operating Assets is 0.67 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.

Kioxia Holdings Business Description

Other Exchanges 285A:JapanKI5:Germany
Address 3-1-21, Shibaura, Minato-ku, Tokyo, JPN, 108-0023
Kioxia Holdings is a Japan-based semiconductor memory manufacturer focusing on NAND memory chips. The company is currently the third-largest NAND supplier globally, with a 14% market share as of 2024. The largest single shareholder of Kioxia is currently Toshiba, which had a 21.9% stake as of November 2025. Kioxia operates nine fabs across Japan: seven in Yokkaichi and two in Kitakami. They are mostly run via a joint venture with Sandisk, Flash Ventures. Flash Ventures is 51% owned by Kioxia. The company's memory chips are used in various consumer electronics and enterprise infrastructure, such as PCs, smartphones, servers, and USB sticks. Of Kioxia's revenue, 51% comes from the sales of NAND memory used in solid-state drives, which are used in PCs and servers.
18GF Score

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