Integroup (TSE:192A) Scaled Net Operating Assets: -0.01 (As of Nov. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:192A Integroup Inc TSE:192A
21 GF Score
Price 円1,225.00
! 4 Warning Signs
View Full Analysis

What is Integroup Scaled Net Operating Assets?

Integroup TSE:192A +0.82% 21 Scaled Net Operating Assets is -0.01 as of Nov. 2025. GuruFocus rates TSE:192A with a GF Score™ of 21/100. The stock has 4 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.

Integroup's operating assets for the quarter that ended in Nov. 2025 was 円234 Mil. Integroup's operating liabilities for the quarter that ended in Nov. 2025 was 円257 Mil. Integroup's Total Assets for the quarter that ended in Aug. 2025 was 円1,847 Mil. Therefore, Integroup's scaled net operating assets (SNOA) for the quarter that ended in Nov. 2025 was -0.01.


Integroup Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Integroup'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.

Integroup Scaled Net Operating Assets Chart

Integroup Annual Data
Trend May22 May23 May24 May25
Scaled Net Operating Assets
0.09 -0.61 -0.51 -0.01

Integroup Quarterly Data
May22 May23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.04 -0.01 0.08 -0.01 0.07

TSE:192A vs MS, GS, SCHW: Scaled Net Operating Assets Comparison

For the Capital Markets subindustry, Integroup'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.


Integroup Scaled Net Operating Assets vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Integroup's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:192A
21GF Score
Integroup Inc TSE:192A
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Integroup 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.

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

Scaled Net Operating Assets (SNOA)(A: May. 2025 )
=(Operating Assets (A: May. 2025 )-Operating Liabilities (A: May. 2025 ))/Total Assets (A: May. 2024 )
=(212.741-223.924)/2121.041
=-0.01

where

Operating Assets(A: May. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2125.437 - 1912.696
=212.741

Operating Liabilities(A: May. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=223.924 - 0 - 0
=223.924

Integroup's Scaled Net Operating Assets (SNOA) for the quarter that ended in Nov. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Nov. 2025 )
=(Operating Assets (Q: Nov. 2025 )-Operating Liabilities (Q: Nov. 2025 ))/Total Assets (Q: Aug. 2025 )
=(233.683-257.113)/1847.162
=-0.01

where

Operating Assets(Q: Nov. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2067.352 - 1833.669
=233.683

Operating Liabilities(Q: Nov. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=257.113 - 0 - 0
=257.113

* 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 -0.01 mean?
Integroup (TSE:192A) has a Scaled Net Operating Assets of -0.01 as of Nov. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Integroup and its competitors.
Is Integroup's Scaled Net Operating Assets too high?
Integroup's current Scaled Net Operating Assets is -0.01. Overall, Integroup has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Integroup's Scaled Net Operating Assets compare to MS and GS?
Integroup's Scaled Net Operating Assets of -0.01 can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Scaled Net Operating Assets depends on the Capital Markets 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 Integroup and its competitors. Integroup's current Scaled Net Operating Assets is -0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Integroup stock overvalued right now?
Integroup (TSE:192A) has a current Scaled Net Operating Assets of -0.01. The current Scaled Net Operating Assets is -0.01. Integroup's overall GF Score™ is 21/100 with 4 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 Integroup (TSE:192A), the current Scaled Net Operating Assets is -0.01 as of Nov. 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.

Integroup Business Description

Address 3-4-1 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-0005
Integroup Inc is engaged in M&A mediation/advisory. It provides one-stop service that provides support from preparation of materials, selection of potential buyers, proposals to potential buyers, interviews with potential buyers, negotiation of terms, basic agreement, and final contract.
21GF Score

Get the complete analysis for TSE:192A

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

円1,225.00
Price