NEXOY (NEXON Co) Scaled Net Operating Assets: 0.43 (As of Mar. 2026)


NEXOY NEXON Co Ltd NEXOY
78 GF Score
Price $13.29
GF Value $21.60
Valuation Significantly Undervalued
! 2 Warning Signs
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What is NEXON Co Scaled Net Operating Assets?

NEXON Co NEXOY +1.76% 78 Scaled Net Operating Assets is 0.43 as of Mar. 2026. GuruFocus rates NEXOY with a GF Score™ of 78/100 and a GF Value™ of $21.60 (Significantly Undervalued). 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.

NEXON Co's operating assets for the quarter that ended in Mar. 2026 was $5,608 Mil. NEXON Co's operating liabilities for the quarter that ended in Mar. 2026 was $1,674 Mil. NEXON Co's Total Assets for the quarter that ended in Dec. 2025 was $9,045 Mil. Therefore, NEXON Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.43.

NEXON Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for NEXON 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.

NEXON Co Scaled Net Operating Assets Chart

NEXON Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.49 0.39 0.55 0.59 0.45

NEXON 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 0.54 0.56 0.40 0.42 0.44

NEXOY vs NTES, EA, TTWO: Scaled Net Operating Assets Comparison

For the Electronic Gaming & Multimedia subindustry, NEXON 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.

NEXON Co Scaled Net Operating Assets vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, NEXON Co's Scaled Net Operating Assets distribution charts can be found below:

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


NEXOY
78GF Score
NEXON Co Ltd NEXOY
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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NEXON 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.

NEXON Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(5556.393-1873.617)/8170.703
=0.45

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=9044.595 - 3488.202
=5556.393

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2208.062 - 200.847 - 133.598
=1873.617

NEXON 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 )
=(5607.978-1674.114)/9044.595
=0.43

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=8728.425 - 3120.447
=5607.978

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1995.693 - 194.64 - 126.939
=1674.114

* 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 0.43 mean?
NEXON Co (NEXOY) has a Scaled Net Operating Assets of 0.43 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 NEXON Co and its competitors.
Is NEXON Co's Scaled Net Operating Assets too high?
NEXON Co's current Scaled Net Operating Assets is 0.43. Overall, NEXON Co has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NEXON Co's Scaled Net Operating Assets compare to NTES and EA?
NEXON Co's Scaled Net Operating Assets of 0.43 can be compared against companies in the Interactive Media 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 Interactive Media company?
A good Scaled Net Operating Assets depends on the Interactive Media 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 NEXON Co and its competitors. NEXON Co's current Scaled Net Operating Assets is 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NEXON Co stock overvalued right now?
Based on GuruFocus' analysis, NEXON Co (NEXOY) is currently considered Significantly Undervalued. The stock's GF Value™ is $21.60, compared to a current price of $13.29 — trading 38.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.43. NEXON Co's overall GF Score™ is 78/100 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 NEXON Co (NEXOY), the current Scaled Net Operating Assets is 0.43 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 NEXON Co (NEXOY) Overvalued in 2026?

Based on GuruFocus' analysis, NEXON Co stock appears to be undervalued. The current stock price of $13.29 is trading 38.5% below its estimated GF Value™ of $21.60. GuruFocus considers NEXON Co to be Significantly Undervalued.

Key valuation signals for NEXOY:

  • Scaled Net Operating Assets: 0.43
  • GF Value™: $21.60 vs. price of $13.29 (38.5% below fair value)
  • GF Score™: 78/100 with 2 warning signs

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

NEXON Co Business Description

Address 1-4-5 Roppongi, Minato-ku, Tokyo, JPN, 106-0032
Nexon is a South Korean online game developer and publisher, founded in 1994 in Korea by Kim Jung-ju. In 2005, the company moved its headquarters to Tokyo, Japan, and has operations in Korea, the US, Taiwan, and Thailand. The company's most notable franchises are MapleStory, Dungeon & Fighter, Sudden Attack, and KartRider. Nexon has been the publisher for EA's FC Online game franchise in Korea and Japan since 2013. Nexon acquired an independent game developer, Embark Studios AB, located in Stockholm, Sweden, in 2019.
78GF Score

Get the complete analysis for NEXOY

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

$13.29
Price
$21.60
GF Value