PS Construction Co (TSE:1871) Scaled Net Operating Assets: 0.58 (As of Mar. 2026)


TSE:1871 PS Construction Co Ltd TSE:1871
66 GF Score
Price 円2,163.00
GF Value 円1,259.71
Valuation Significantly Overvalued
! 2 Warning Signs
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What is PS Construction Co Scaled Net Operating Assets?

PS Construction Co TSE:1871 -0.55% 66 Scaled Net Operating Assets is 0.58 as of Mar. 2026. GuruFocus rates TSE:1871 with a GF Score™ of 66/100 and a GF Value™ of 円1,259.71 (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.

PS Construction Co's operating assets for the quarter that ended in Mar. 2026 was 円133,121 Mil. PS Construction Co's operating liabilities for the quarter that ended in Mar. 2026 was 円48,681 Mil. PS Construction Co's Total Assets for the quarter that ended in Dec. 2025 was 円145,802 Mil. Therefore, PS Construction Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.58.


PS Construction Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for PS Construction 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.

PS Construction Co Scaled Net Operating Assets Chart

PS Construction 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 0.48 0.74 0.53 0.45 0.65

PS Construction Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.46 0.41 0.60 0.52 0.58

TSE:1871 vs PWR, FIX, EME: Scaled Net Operating Assets Comparison

For the Engineering & Construction subindustry, PS Construction 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.


PS Construction Co Scaled Net Operating Assets vs Construction Industry

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

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


TSE:1871
66GF Score
PS Construction Co Ltd TSE:1871
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PS Construction 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.

PS Construction 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 )
=(133121-48681)/130836
=0.65

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=142464 - 9343
=133121

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=76981 - 9940 - 18360
=48681

PS Construction 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 )
=(133121-48681)/145802
=0.58

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=142464 - 9343
=133121

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=76981 - 9940 - 18360
=48681

* 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 0.58 mean?
PS Construction Co (TSE:1871) has a Scaled Net Operating Assets of 0.58 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 PS Construction Co and its competitors.
Is PS Construction Co's Scaled Net Operating Assets too high?
PS Construction Co's current Scaled Net Operating Assets is 0.58. Overall, PS Construction Co has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PS Construction Co's Scaled Net Operating Assets compare to PWR and FIX?
PS Construction Co's Scaled Net Operating Assets of 0.58 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 PS Construction Co and its competitors. PS Construction Co's current Scaled Net Operating Assets is 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PS Construction Co stock overvalued right now?
Based on GuruFocus' analysis, PS Construction Co (TSE:1871) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,259.71, compared to a current price of 円2,163.00 — trading 71.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.58. PS Construction Co's overall GF Score™ is 66/100 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 PS Construction Co (TSE:1871), the current Scaled Net Operating Assets is 0.58 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 PS Construction Co (TSE:1871) Overvalued in 2026?

Based on GuruFocus' analysis, PS Construction Co stock appears to be overvalued. The current stock price of 円2,163.00 is trading 71.7% above its estimated GF Value™ of 円1,259.71. GuruFocus considers PS Construction Co to be Significantly Overvalued.

Key valuation signals for TSE:1871:

  • Scaled Net Operating Assets: 0.58
  • GF Value™: 円1,259.71 vs. price of 円2,163.00 (71.7% above fair value)
  • GF Score™: 66/100 with 2 warning signs

No single metric tells the full story. See the TSE:1871 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PS Construction Co Business Description

Address 1-9-1 Higashi-Shinbashi, Minato-ku, Tokyo, JPN, 105-7365
PS Construction Co Ltd is engaged in contract, planning, design and construction management of prestressed concrete construction works, Contract, planning, design and construction management of civil engineering and building construction works, Business concerning maintenance and repair of civil engineering and building structures, Manufacture and sales of prestressed concrete products, pre-cast concrete products, production and sales of their manufacturing tools and attachments, Design, manufacture, sales and leasing of machines, equipments and apparatuses for prestressed concrete construction and other construction works, Mineral mining and contracts, etc.
66GF Score

Get the complete analysis for TSE:1871

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

円2,163.00
Price
円1,259.71
GF Value