TKCBF (Tokai Carbon Co) Scaled Net Operating Assets: 0.71 (As of Dec. 2025)


TKCBF Tokai Carbon Co Ltd TKCBF
76 GF Score
Price $11.08
GF Value $6.39
Valuation Significantly Overvalued
! 10 Warning Signs
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What is Tokai Carbon Co Scaled Net Operating Assets?

Tokai Carbon Co TKCBF 76 Scaled Net Operating Assets is 0.71 as of Dec. 2025. GuruFocus rates TKCBF with a GF Score™ of 76/100 and a GF Value™ of $6.39 (Significantly Overvalued). The stock has 10 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.

Tokai Carbon Co's operating assets for the quarter that ended in Dec. 2025 was $3,681 Mil. Tokai Carbon Co's operating liabilities for the quarter that ended in Dec. 2025 was $666 Mil. Tokai Carbon Co's Total Assets for the quarter that ended in Sep. 2025 was $4,256 Mil. Therefore, Tokai Carbon Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.71.

Tokai Carbon Co Scaled Net Operating Assets Historical Data

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The historical data trend for Tokai Carbon 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.

Tokai Carbon Co Scaled Net Operating Assets Chart

Tokai Carbon 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 0.69 0.66 0.74 0.63 0.72

Tokai Carbon 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 0.69 0.73 0.73 0.71 0.69

TKCBF vs LIN, SHW, ECL: Scaled Net Operating Assets Comparison

For the Specialty Chemicals subindustry, Tokai Carbon 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.

Tokai Carbon Co Scaled Net Operating Assets vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Tokai Carbon Co's Scaled Net Operating Assets distribution charts can be found below:

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


TKCBF
76GF Score
Tokai Carbon Co Ltd TKCBF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Tokai Carbon 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.

Tokai Carbon 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 )
=(3680.704-666.061)/4183.727
=0.72

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4258.942 - 578.238
=3680.704

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1995.895 - 893.083 - 436.751
=666.061

Tokai Carbon Co'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 )
=(3680.704-666.061)/4255.686
=0.71

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4258.942 - 578.238
=3680.704

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1995.895 - 893.083 - 436.751
=666.061

* 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 0.71 mean?
Tokai Carbon Co (TKCBF) has a Scaled Net Operating Assets of 0.71 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 Tokai Carbon Co and its competitors.
Is Tokai Carbon Co's Scaled Net Operating Assets too high?
Tokai Carbon Co's current Scaled Net Operating Assets is 0.71. Overall, Tokai Carbon Co has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokai Carbon Co's Scaled Net Operating Assets compare to LIN and SHW?
Tokai Carbon Co's Scaled Net Operating Assets of 0.71 can be compared against companies in the Chemicals 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 Chemicals company?
A good Scaled Net Operating Assets depends on the Chemicals 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 Tokai Carbon Co and its competitors. Tokai Carbon Co's current Scaled Net Operating Assets is 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokai Carbon Co stock overvalued right now?
Based on GuruFocus' analysis, Tokai Carbon Co (TKCBF) is currently considered Significantly Overvalued. The stock's GF Value™ is $6.39, compared to a current price of $11.08 — trading 73.4% above its estimated fair value. The current Scaled Net Operating Assets is 0.71. Tokai Carbon Co's overall GF Score™ is 76/100 with 10 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 Tokai Carbon Co (TKCBF), the current Scaled Net Operating Assets is 0.71 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 Tokai Carbon Co (TKCBF) Overvalued in 2026?

Based on GuruFocus' analysis, Tokai Carbon Co stock appears to be overvalued. The current stock price of $11.08 is trading 73.4% above its estimated GF Value™ of $6.39. GuruFocus considers Tokai Carbon Co to be Significantly Overvalued.

Key valuation signals for TKCBF:

  • Scaled Net Operating Assets: 0.71
  • GF Value™: $6.39 vs. price of $11.08 (73.4% above fair value)
  • GF Score™: 76/100 with 10 warning signs

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

Tokai Carbon Co Business Description

Address 1-2-3 Kita Aoyama Building, Minato-ku, Tokyo, JPN, 107-8636
Tokai Carbon Co Ltd is a Japan-based manufacturer of carbon products which include, Carbon black, graphite electrodes, fine carbon friction material and manufactures industrial furnaces, and related products. It operates through three reportable segments, Carbon Black business, Carbon and Ceramics business, and Industrial Furnaces and Related Products business. Carbon black is mainly used as a reinforcing agent of industrial rubber products, typically auto tires. Carbon and Ceramics business segment produces artificial graphite electrodes for electric arc furnaces, fine carbon, carbon brush, impervious graphite, pencil lead-cores. Industrial Furnaces and Related Products segment include Industrial electric furnaces, gas furnaces, silicon carbide heating elements refractory, amongst others.
76GF 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.

$11.08
Price
$6.39
GF Value