MXCLF (MAX Co) Scaled Net Operating Assets: 0.57 (As of Mar. 2026)

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MXCLF MAX Co Ltd MXCLF
72 GF Score
Price $2.59
GF Value $1.67
! 4 Warning Signs
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What is MAX Co Scaled Net Operating Assets?

MAX Co MXCLF 72 Scaled Net Operating Assets is 0.57 as of Mar. 2026. GuruFocus rates MXCLF with a GF Score™ of 72/100 and a GF Value™ of $1.67. 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.

MAX Co's operating assets for the quarter that ended in Mar. 2026 was $596.0 Mil. MAX Co's operating liabilities for the quarter that ended in Mar. 2026 was $131.9 Mil. MAX Co's Total Assets for the quarter that ended in Dec. 2025 was $821.0 Mil. Therefore, MAX Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.57.


MAX Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for MAX Co'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.

MAX Co Scaled Net Operating Assets Chart

MAX Co 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 0.52 0.47 0.48 0.53 0.55

MAX Co 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 0.52 0.53 0.54 0.53 0.57

MXCLF vs SNA, RBC, LECO: Scaled Net Operating Assets Comparison

For the Tools & Accessories subindustry, MAX Co'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.


MAX Co Scaled Net Operating Assets vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, MAX Co's Scaled Net Operating Assets distribution charts can be found below:

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


MXCLF
72GF Score
MAX Co Ltd MXCLF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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MAX Co 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.

MAX Co'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 )
=(595.951-131.872)/849.168
=0.55

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=869.213 - 273.262
=595.951

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=141.584 - 3.353 - 6.359
=131.872

MAX Co'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 )
=(595.951-131.872)/821.011
=0.57

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=869.213 - 273.262
=595.951

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=141.584 - 3.353 - 6.359
=131.872

* 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 0.57 mean?
MAX Co (MXCLF) has a Scaled Net Operating Assets of 0.57 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 MAX Co and its competitors.
Is MAX Co's Scaled Net Operating Assets too high?
MAX Co's current Scaled Net Operating Assets is 0.57. Overall, MAX Co has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does MAX Co's Scaled Net Operating Assets compare to SNA and RBC?
MAX Co's Scaled Net Operating Assets of 0.57 can be compared against companies in the Industrial Products 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 Industrial Products company?
A good Scaled Net Operating Assets depends on the Industrial Products 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 MAX Co and its competitors. MAX Co's current Scaled Net Operating Assets is 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MAX Co stock overvalued right now?
MAX Co (MXCLF) has a current Scaled Net Operating Assets of 0.57. The stock's GF Value™ is $1.67, compared to a current price of $2.59 — trading 55.3% above its estimated fair value. The current Scaled Net Operating Assets is 0.57. MAX Co's overall GF Score™ is 72/100 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 MAX Co (MXCLF), the current Scaled Net Operating Assets is 0.57 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 MAX Co (MXCLF) Overvalued in 2026?

Based on GuruFocus' analysis, MAX Co stock appears to be overvalued. The current stock price of $2.59 is trading 55.3% above its estimated GF Value™ of $1.67.

Key valuation signals for MXCLF:

  • Scaled Net Operating Assets: 0.57
  • GF Value™: $1.67 vs. price of $2.59 (55.3% above fair value)
  • GF Score™: 72/100 with 4 warning signs

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


MAX Co Business Description

Other Exchanges 6454:Japan
Address 6-6 Nihonbashi Hakozakicho, Chuo-ku, Tokyo, JPN, 103-8502
MAX Co Ltd manufactures and distributes office supplies and industrial equipment. The company operates through office equipment, industrial equipment, and home care and rehabilitation (HCR) equipment divisions. It mainly offers products such as hand-held staplers and automatic staplers, numbering tools, check writers, and other office supplies. It also markets fastening devices for various purposes such as concrete reinforcing bar tying machines, air compressors, and rechargeable tools.
72GF Score

Get the complete analysis for MXCLF

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

$2.59
Price
$1.67
GF Value