Kodensha Co (TSE:1948) Scaled Net Operating Assets: 0.73 (As of Sep. 2025)


TSE:1948 Kodensha Co Ltd TSE:1948
53 GF Score
Price 円11,410.00
GF Value 円1,375.45
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Kodensha Co Scaled Net Operating Assets?

Kodensha Co TSE:1948 -0.09% 53 Scaled Net Operating Assets is 0.73 as of Sep. 2025. GuruFocus rates TSE:1948 with a GF Score™ of 53/100 and a GF Value™ of 円1,375.45 (Significantly Overvalued). The stock has 6 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.

Kodensha Co's operating assets for the quarter that ended in Sep. 2025 was 円32,801 Mil. Kodensha Co's operating liabilities for the quarter that ended in Sep. 2025 was 円10,642 Mil. Kodensha Co's Total Assets for the quarter that ended in Jun. 2025 was 円30,466 Mil. Therefore, Kodensha Co's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2025 was 0.73.


Kodensha Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Kodensha 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.

Kodensha Co Scaled Net Operating Assets Chart

Kodensha Co Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.61 0.60 0.62 0.62 0.66

Kodensha Co Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25
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 0.59 0.66 0.68 0.64 0.73

TSE:1948 vs PWR, FIX, EME: Scaled Net Operating Assets Comparison

For the Engineering & Construction subindustry, Kodensha 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.


Kodensha Co Scaled Net Operating Assets vs Construction Industry

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

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


TSE:1948
53GF Score
Kodensha Co Ltd TSE:1948
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Kodensha 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.

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

Scaled Net Operating Assets (SNOA)(A: Mar. 2025 )
=(Operating Assets (A: Mar. 2025 )-Operating Liabilities (A: Mar. 2025 ))/Total Assets (A: Mar. 2024 )
=(32483-10950)/32424
=0.66

where

Operating Assets(A: Mar. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=33375 - 892
=32483

Operating Liabilities(A: Mar. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=11464 - 7 - 507
=10950

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

Scaled Net Operating Assets (SNOA)(Q: Sep. 2025 )
=(Operating Assets (Q: Sep. 2025 )-Operating Liabilities (Q: Sep. 2025 ))/Total Assets (Q: Jun. 2025 )
=(32801-10642)/30466
=0.73

where

Operating Assets(Q: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=33463 - 662
=32801

Operating Liabilities(Q: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=11197 - 41 - 514
=10642

* 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 0.73 mean?
Kodensha Co (TSE:1948) has a Scaled Net Operating Assets of 0.73 as of Sep. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Kodensha Co and its competitors.
Is Kodensha Co's Scaled Net Operating Assets too high?
Kodensha Co's current Scaled Net Operating Assets is 0.73. Overall, Kodensha Co has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kodensha Co's Scaled Net Operating Assets compare to PWR and FIX?
Kodensha Co's Scaled Net Operating Assets of 0.73 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 Kodensha Co and its competitors. Kodensha Co's current Scaled Net Operating Assets is 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kodensha Co stock overvalued right now?
Based on GuruFocus' analysis, Kodensha Co (TSE:1948) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,375.45, compared to a current price of 円11,410.00 — trading 729.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.73. Kodensha Co's overall GF Score™ is 53/100 with 6 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 Kodensha Co (TSE:1948), the current Scaled Net Operating Assets is 0.73 as of Sep. 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 Kodensha Co (TSE:1948) Overvalued in 2026?

Based on GuruFocus' analysis, Kodensha Co stock appears to be overvalued. The current stock price of 円11,410.00 is trading 729.5% above its estimated GF Value™ of 円1,375.45. GuruFocus considers Kodensha Co to be Significantly Overvalued.

Key valuation signals for TSE:1948:

  • Scaled Net Operating Assets: 0.73
  • GF Value™: 円1,375.45 vs. price of 円11,410.00 (729.5% above fair value)
  • GF Score™: 53/100 with 6 warning signs

No single metric tells the full story. See the TSE:1948 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kodensha Co Business Description

Address 5-11-10 Ginza, Chuo-ku, Tokyo, JPN, 104-0061
Kodensha Co Ltd is a specialized company of electrical equipment construction. It has diversified its operations into the following segments. The "Electrical Equipment Construction Business" carries out indoor wiring construction, power transmission line construction, power generation and transformation construction, communication construction, and air conditioning construction. The "Product Sales Business" sells electronic control and measurement machinery and equipment, substation equipment and equipment, machine tools and equipment, information and communication machinery and equipment, refrigeration and air conditioning machinery and equipment, elevators and monitoring, and control equipment.
53GF Score

Get the complete analysis for TSE:1948

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

円11,410.00
Price
円1,375.45
GF Value