TOKSF (Tokyo Steel Manufacturing Co) Scaled Net Operating Assets: 0.48 (As of Mar. 2026)


TOKSF Tokyo Steel Manufacturing Co Ltd TOKSF
70 GF Score
Price $9.11
GF Value $8.05
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Tokyo Steel Manufacturing Co Scaled Net Operating Assets?

Tokyo Steel Manufacturing Co TOKSF 70 Scaled Net Operating Assets is 0.48 as of Mar. 2026. GuruFocus rates TOKSF with a GF Score™ of 70/100 and a GF Value™ of $8.05 (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.

Tokyo Steel Manufacturing Co's operating assets for the quarter that ended in Mar. 2026 was $1,371 Mil. Tokyo Steel Manufacturing Co's operating liabilities for the quarter that ended in Mar. 2026 was $442 Mil. Tokyo Steel Manufacturing Co's Total Assets for the quarter that ended in Dec. 2025 was $1,949 Mil. Therefore, Tokyo Steel Manufacturing Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.48.


Tokyo Steel Manufacturing Co Scaled Net Operating Assets Historical Data

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The historical data trend for Tokyo Steel Manufacturing 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.

Tokyo Steel Manufacturing Co Scaled Net Operating Assets Chart

Tokyo Steel Manufacturing 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 0.45 0.35 0.30 0.37 0.47

Tokyo Steel Manufacturing 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 0.38 0.42 0.42 0.42 0.48

TOKSF vs NUE, STLD, RS: Scaled Net Operating Assets Comparison

For the Steel subindustry, Tokyo Steel Manufacturing 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.


Tokyo Steel Manufacturing Co Scaled Net Operating Assets vs Steel Industry

For the Steel industry and Basic Materials sector, Tokyo Steel Manufacturing Co's Scaled Net Operating Assets distribution charts can be found below:

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


TOKSF
70GF Score
Tokyo Steel Manufacturing Co Ltd TOKSF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Tokyo Steel Manufacturing 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.

Tokyo Steel Manufacturing 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 )
=(1371.461-442.349)/1965.502
=0.47

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1837.611 - 466.15
=1371.461

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=444.069 - 1.72 - 0
=442.349

Tokyo Steel Manufacturing 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 )
=(1371.461-442.349)/1948.722
=0.48

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1837.611 - 466.15
=1371.461

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=444.069 - 1.72 - 0
=442.349

* 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 0.48 mean?
Tokyo Steel Manufacturing Co (TOKSF) has a Scaled Net Operating Assets of 0.48 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 Tokyo Steel Manufacturing Co and its competitors.
Is Tokyo Steel Manufacturing Co's Scaled Net Operating Assets too high?
Tokyo Steel Manufacturing Co's current Scaled Net Operating Assets is 0.48. Overall, Tokyo Steel Manufacturing Co has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokyo Steel Manufacturing Co's Scaled Net Operating Assets compare to NUE and STLD?
Tokyo Steel Manufacturing Co's Scaled Net Operating Assets of 0.48 can be compared against companies in the Steel 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 Steel company?
A good Scaled Net Operating Assets depends on the Steel 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 Tokyo Steel Manufacturing Co and its competitors. Tokyo Steel Manufacturing Co's current Scaled Net Operating Assets is 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyo Steel Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Tokyo Steel Manufacturing Co (TOKSF) is currently considered Modestly Overvalued. The stock's GF Value™ is $8.05, compared to a current price of $9.11 — trading 13.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.48. Tokyo Steel Manufacturing Co's overall GF Score™ is 70/100 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 Tokyo Steel Manufacturing Co (TOKSF), the current Scaled Net Operating Assets is 0.48 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 Tokyo Steel Manufacturing Co (TOKSF) Overvalued in 2026?

Based on GuruFocus' analysis, Tokyo Steel Manufacturing Co stock appears to be overvalued. The current stock price of $9.11 is trading 13.1% above its estimated GF Value™ of $8.05. GuruFocus considers Tokyo Steel Manufacturing Co to be Modestly Overvalued.

Key valuation signals for TOKSF:

  • Scaled Net Operating Assets: 0.48
  • GF Value™: $8.05 vs. price of $9.11 (13.1% above fair value)
  • GF Score™: 70/100 with 5 warning signs

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


Tokyo Steel Manufacturing Co Business Description

Other Exchanges 5423:Japan
Address Kasumigaseki-Tokyu Bldg 15th Floor, 3-7-1, Kasumigaseki, Chiyoda-ku, Tokyo, JPN, 1000013
Tokyo Steel Manufacturing Co Ltd is a Japan-based company engaged in production of long steel products and flat steel products. The company's long product portfolio comprises H beams, sheet piles, I-beams, checkered H-beams, channels, and reinforcing bars. The company's flat product portfolio consists of heavy plates, hot-rolled coils, pickled and oiled coils, hot-dip galvanized coils, checkered coils, and steel sheets. These products are used in a broad range of applications, including construction, civil engineering, industrial equipment, plant equipment, bridge, and shipbuilding. The company has four plants located in Tahara, Okayama, Kyushu, and Utsunomiya. Tokyo Steel Manufacturing generates the majority of its revenue from the Japanese domestic market.
70GF 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.

$9.11
Price
$8.05
GF Value