Upcon (NGO:5075) Scaled Net Operating Assets: 0.34 (As of Jan. 2026)


NGO:5075 Upcon Corp NGO:5075
69 GF Score
Price 円1,348.00
GF Value 円740.05
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Upcon Scaled Net Operating Assets?

Upcon NGO:5075 +2.12% 69 Scaled Net Operating Assets is 0.34 as of Jan. 2026. GuruFocus rates NGO:5075 with a GF Score™ of 69/100 and a GF Value™ of 円740.05 (Significantly Overvalued). 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.

Upcon's operating assets for the quarter that ended in Jan. 2026 was 円892 Mil. Upcon's operating liabilities for the quarter that ended in Jan. 2026 was 円236 Mil. Upcon's Total Assets for the quarter that ended in Jul. 2025 was 円1,921 Mil. Therefore, Upcon's scaled net operating assets (SNOA) for the quarter that ended in Jan. 2026 was 0.34.


Upcon Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Upcon'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.

Upcon Scaled Net Operating Assets Chart

Upcon Annual Data
Trend Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.20 0.09 0.21 0.28 0.37

Upcon Semi-Annual Data
Jan20 Jan21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.22 0.12 0.23 0.25 0.34

NGO:5075 vs PWR, FIX, EME: Scaled Net Operating Assets Comparison

For the Engineering & Construction subindustry, Upcon'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.


Upcon Scaled Net Operating Assets vs Construction Industry

For the Construction industry and Industrials sector, Upcon's Scaled Net Operating Assets distribution charts can be found below:

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


NGO:5075
69GF Score
Upcon Corp NGO:5075
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Upcon 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.

Upcon's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jan. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jan. 2026 )
=(Operating Assets (A: Jan. 2026 )-Operating Liabilities (A: Jan. 2026 ))/Total Assets (A: Jan. 2025 )
=(892.318-235.628)/1792.76
=0.37

where

Operating Assets(A: Jan. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2322.724 - 1430.406
=892.318

Operating Liabilities(A: Jan. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=463.902 - 203.258 - 25.016
=235.628

Upcon's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jan. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jan. 2026 )
=(Operating Assets (Q: Jan. 2026 )-Operating Liabilities (Q: Jan. 2026 ))/Total Assets (Q: Jul. 2025 )
=(892.318-235.628)/1920.544
=0.34

where

Operating Assets(Q: Jan. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2322.724 - 1430.406
=892.318

Operating Liabilities(Q: Jan. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=463.902 - 203.258 - 25.016
=235.628

* 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 0.34 mean?
Upcon (NGO:5075) has a Scaled Net Operating Assets of 0.34 as of Jan. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Upcon and its competitors.
Is Upcon's Scaled Net Operating Assets too high?
Upcon's current Scaled Net Operating Assets is 0.34. Overall, Upcon has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Upcon's Scaled Net Operating Assets compare to PWR and FIX?
Upcon's Scaled Net Operating Assets of 0.34 can be compared against companies in the Construction 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 Construction company?
A good Scaled Net Operating Assets depends on the Construction 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 Upcon and its competitors. Upcon's current Scaled Net Operating Assets is 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Upcon stock overvalued right now?
Based on GuruFocus' analysis, Upcon (NGO:5075) is currently considered Significantly Overvalued. The stock's GF Value™ is 円740.05, compared to a current price of 円1,348.00 — trading 82.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.34. Upcon's overall GF Score™ is 69/100 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 Upcon (NGO:5075), the current Scaled Net Operating Assets is 0.34 as of Jan. 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 Upcon (NGO:5075) Overvalued in 2026?

Based on GuruFocus' analysis, Upcon stock appears to be overvalued. The current stock price of 円1,348.00 is trading 82.1% above its estimated GF Value™ of 円740.05. GuruFocus considers Upcon to be Significantly Overvalued.

Key valuation signals for NGO:5075:

  • Scaled Net Operating Assets: 0.34
  • GF Value™: 円740.05 vs. price of 円1,348.00 (82.1% above fair value)
  • GF Score™: 69/100 with 2 warning signs

No single metric tells the full story. See the NGO:5075 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Upcon Business Description

Address 3-2-1 Sakado, 611 KSP East Building, Takatsu-ku, Kanagawa Prefecture, Kawasaki, JPN, 213-0012
Upcon Corp operates in the civil engineering and construction industry predominantly in Japan. The company applies its Upcon method, which uses completely non-freon urethane resin and small machines to repair subsidence, tilt, steps, gaps, etc., in concrete floors, caused by earthquakes or uneven ground settlement. The Upcon method is also used to correct unevenness on roads, ports, and airports, mainly for public works projects. In addition, the company provides gap and cavity filling services, maintains and repairs waterway tunnels, and is working on several projects, including a new construction method using urethane foam resin. It operates in a single segment, the subsidence correction business.
69GF Score

Get the complete analysis for NGO:5075

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

円1,348.00
Price
円740.05
GF Value