Tokio Marine Holdings (MEX:8766N) Scaled Net Operating Assets: 0.14 (As of Dec. 2025)


MEX:8766N Tokio Marine Holdings Inc MEX:8766N
52 GF Score
Price MXN806.49
GF Value MXN661.31
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Tokio Marine Holdings Scaled Net Operating Assets?

Tokio Marine Holdings MEX:8766N 52 Scaled Net Operating Assets is 0.14 as of Dec. 2025. GuruFocus rates MEX:8766N with a GF Score™ of 52/100 and a GF Value™ of MXN661.31 (Modestly Overvalued). The stock has 5 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.

Tokio Marine Holdings's operating assets for the quarter that ended in Dec. 2025 was MXN3,572,735 Mil. Tokio Marine Holdings's operating liabilities for the quarter that ended in Dec. 2025 was MXN3,034,589 Mil. Tokio Marine Holdings's Total Assets for the quarter that ended in Sep. 2025 was MXN3,831,108 Mil. Therefore, Tokio Marine Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.14.

MEX:8766N
52GF Score
Tokio Marine Holdings Inc MEX:8766N
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Tokio Marine 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.

Tokio Marine 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 )
=(3514758.437-2986160.445)/4287334.22
=0.12

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3632154.453 - 117396.016
=3514758.437

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3011956.154 - 25795.709 - 0
=2986160.445

Tokio Marine Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Sep. 2025 )
=(3572735.421-3034588.857)/3831107.556
=0.14

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3678651.181 - 105915.76
=3572735.421

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3060649.456 - 26060.599 - 0
=3034588.857

* 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 0.14 mean?
Tokio Marine Holdings (MEX:8766N) has a Scaled Net Operating Assets of 0.14 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Tokio Marine Holdings and its competitors.
Is Tokio Marine Holdings' Scaled Net Operating Assets too high?
Tokio Marine Holdings' current Scaled Net Operating Assets is 0.14. Overall, Tokio Marine Holdings has a GF Score™ of 52/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokio Marine Holdings' Scaled Net Operating Assets compare to CB and PGR?
Tokio Marine Holdings' Scaled Net Operating Assets of 0.14 can be compared against companies in the Insurance 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 an Insurance company?
A good Scaled Net Operating Assets depends on the Insurance 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 Tokio Marine Holdings and its competitors. Tokio Marine Holdings's current Scaled Net Operating Assets is 0.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokio Marine Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tokio Marine Holdings (MEX:8766N) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN661.31, compared to a current price of MXN806.49 — trading 22% above its estimated fair value. The current Scaled Net Operating Assets is 0.14. Tokio Marine Holdings' overall GF Score™ is 52/100 with 5 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 Tokio Marine Holdings (MEX:8766N), the current Scaled Net Operating Assets is 0.14 as of Dec. 2025. 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 Tokio Marine Holdings (MEX:8766N) Overvalued in 2026?

Based on GuruFocus' analysis, Tokio Marine Holdings stock appears to be overvalued. The current stock price of MXN806.49 is trading 22% above its estimated GF Value™ of MXN661.31. GuruFocus considers Tokio Marine Holdings to be Modestly Overvalued.

Key valuation signals for MEX:8766N:

  • Scaled Net Operating Assets: 0.14
  • GF Value™: MXN661.31 vs. price of MXN806.49 (22% above fair value)
  • GF Score™: 52/100 with 5 warning signs

No single metric tells the full story. See the MEX:8766N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Tokio Marine Holdings Business Description

Address 2-6-4 Otemachi, Chiyoda-ku, Tokyo, JPN, 100-0004
Dating back to 1879, Tokio Marine is the oldest insurance company in Japan and operated as its top property and casualty insurer for decades. Following industry consolidation, it now shares domestic dominance with MS and AD and Sompo. However, Tokio Marine remains by far the most valuable listed Japanese insurer by market capitalization. This premium valuation is driven by an aggressive unwinding of domestic cross-shareholdings and a highly profitable overseas portfolio. The majority of its international business is based in the United States, where it has acquired premium specialty insurers since 2008, including Philadelphia Consolidated, Delphi Financial, Tokio Marine HCC, and Privilege Underwriters Reciprocal Exchange, recently fortified by a capital alliance with Berkshire Hathaway.
52GF Score

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

MXN806.49
Price
MXN661.31
GF Value