Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Maruichi Steel Tube's operating assets for the quarter that ended in Mar. 2026 was $1,995 Mil. Maruichi Steel Tube's operating liabilities for the quarter that ended in Mar. 2026 was $334 Mil. Maruichi Steel Tube's Total Assets for the quarter that ended in Dec. 2025 was $2,642 Mil. Therefore, Maruichi Steel Tube's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.63.
Maruichi Steel Tube Scaled Net Operating Assets Related Terms
Maruichi Steel Tube Scaled Net Operating Assets Historical Data
* Premium members only.
The historical data trend for Maruichi Steel Tube'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.
Maruichi Steel Tube Scaled Net Operating Assets Chart
MCHIF vs NUE, STLD, RS: Scaled Net Operating Assets Comparison
For the Steel subindustry, Maruichi Steel Tube'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.
Maruichi Steel Tube Scaled Net Operating Assets vs Steel Industry
For the Steel industry and Basic Materials sector, Maruichi Steel Tube's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Maruichi Steel Tube's Scaled Net Operating Assets falls into.
* 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 0.63 mean?
Maruichi Steel Tube (MCHIF) has a Scaled Net Operating Assets of 0.63 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 Maruichi Steel Tube and its competitors.
Is Maruichi Steel Tube's Scaled Net Operating Assets too high?
Maruichi Steel Tube's current Scaled Net Operating Assets is 0.63. Overall, Maruichi Steel Tube has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Maruichi Steel Tube's Scaled Net Operating Assets compare to NUE and STLD?
Maruichi Steel Tube's Scaled Net Operating Assets of 0.63 can be compared against companies in the Steel 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 Steel company?
A good Scaled Net Operating Assets depends on the Steel 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 Maruichi Steel Tube and its competitors. Maruichi Steel Tube's current Scaled Net Operating Assets is 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maruichi Steel Tube stock overvalued right now?
Maruichi Steel Tube (MCHIF) has a current Scaled Net Operating Assets of 0.63. The stock's GF Value™ is $5.12, compared to a current price of $7.31 — trading 42.8% above its estimated fair value. The current Scaled Net Operating Assets is 0.63. Maruichi Steel Tube's overall GF Score™ is 81/100 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 Maruichi Steel Tube (MCHIF), the current Scaled Net Operating Assets is 0.63 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 Maruichi Steel Tube (MCHIF) Overvalued in 2026?
Based on GuruFocus' analysis, Maruichi Steel Tube stock appears to be overvalued.
The current stock price of $7.31 is trading 42.8% above its estimated GF Value™ of $5.12.
Key valuation signals for MCHIF:
Scaled Net Operating Assets: 0.63
GF Value™: $5.12 vs. price of $7.31 (42.8% above fair value)
No single metric tells the full story. See the MCHIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maruichi Steel Tube Ltd is a Japan-based company that manufactures and sells steel tubes and steel sheet coating. The company's product portfolio includes welded steel tubes, hot-dip galvanized steel sheet, lighting poles, and prepainted steel sheet. Its products are used in architecture, civil engineering, machinery, power generation plants, automobiles, motorcycles, medical equipment, fitness machines, office automation equipment, office and educational furniture, and others.
81GF Score
Get the complete analysis for MCHIF
Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MCHIF has been successfully added to your 
