Hoya (MEX:7741N) Scaled Net Operating Assets: 0.38 (As of Mar. 2026)


MEX:7741N Hoya Corp MEX:7741N
93 GF Score
Price MXN2,750.59
GF Value MXN2,048.30
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Hoya Scaled Net Operating Assets?

Hoya MEX:7741N 93 Scaled Net Operating Assets is 0.38 as of Mar. 2026. GuruFocus rates MEX:7741N with a GF Score™ of 93/100 and a GF Value™ of MXN2,048.30 (Significantly Overvalued). The stock has 4 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.

Hoya's operating assets for the quarter that ended in Mar. 2026 was MXN82,054 Mil. Hoya's operating liabilities for the quarter that ended in Mar. 2026 was MXN25,416 Mil. Hoya's Total Assets for the quarter that ended in Dec. 2025 was MXN150,825 Mil. Therefore, Hoya's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.38.


Hoya Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Hoya'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.

Hoya Scaled Net Operating Assets Chart

Hoya 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 0.40 0.33 0.36 0.48 0.33

Hoya 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 0.37 0.37 0.34 0.36 0.38

MEX:7741N vs ISRG, BDX, MDLN: Scaled Net Operating Assets Comparison

For the Medical Instruments & Supplies subindustry, Hoya'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.


Hoya Scaled Net Operating Assets vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Hoya's Scaled Net Operating Assets distribution charts can be found below:

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


MEX:7741N
93GF Score
Hoya Corp MEX:7741N
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Hoya 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.

Hoya'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 )
=(82054.207-25415.811)/169405.023
=0.33

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=147833.918 - 65779.711
=82054.207

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=30216.077 - 3581.591 - 1218.675
=25415.811

Hoya'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 )
=(82054.207-25415.811)/150824.746
=0.38

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=147833.918 - 65779.711
=82054.207

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=30216.077 - 3581.591 - 1218.675
=25415.811

* 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 0.38 mean?
Hoya (MEX:7741N) has a Scaled Net Operating Assets of 0.38 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 Hoya and its competitors.
Is Hoya's Scaled Net Operating Assets too high?
Hoya's current Scaled Net Operating Assets is 0.38. Overall, Hoya has a GF Score™ of 93/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hoya's Scaled Net Operating Assets compare to ISRG and BDX?
Hoya's Scaled Net Operating Assets of 0.38 can be compared against companies in the Medical Devices & Instruments 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 Medical Devices & Instruments company?
A good Scaled Net Operating Assets depends on the Medical Devices & Instruments 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 Hoya and its competitors. Hoya's current Scaled Net Operating Assets is 0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hoya stock overvalued right now?
Based on GuruFocus' analysis, Hoya (MEX:7741N) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN2,048.30, compared to a current price of MXN2,750.59 — trading 34.3% above its estimated fair value. The current Scaled Net Operating Assets is 0.38. Hoya's overall GF Score™ is 93/100 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 Hoya (MEX:7741N), the current Scaled Net Operating Assets is 0.38 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 Hoya (MEX:7741N) Overvalued in 2026?

Based on GuruFocus' analysis, Hoya stock appears to be overvalued. The current stock price of MXN2,750.59 is trading 34.3% above its estimated GF Value™ of MXN2,048.30. GuruFocus considers Hoya to be Significantly Overvalued.

Key valuation signals for MEX:7741N:

  • Scaled Net Operating Assets: 0.38
  • GF Value™: MXN2,048.30 vs. price of MXN2,750.59 (34.3% above fair value)
  • GF Score™: 93/100 with 4 warning signs

No single metric tells the full story. See the MEX:7741N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hoya Business Description

Address 6-10-1, Nishi-Shinjuku, 20th Floor, Nittochi Nishi-Shinjuku Building, Shinjuku-ku, Tokyo, JPN, 160-8347
Founded in 1941 in Tokyo as an optical glass production plant, Hoya is one of the largest eyeglass lens manufacturers in the world. Leveraging its technology know-how in glass manufacturing, Hoya entered the mask blanks business in 1974. Now although its life care business accounts for more than 60% of its total revenue, majority of its profit before tax comes from its higher-margin IT business.
93GF Score

Get the complete analysis for MEX:7741N

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

MXN2,750.59
Price
MXN2,048.30
GF Value