Quest Co (TSE:2332) Scaled Net Operating Assets: 0.43 (As of Mar. 2026)


TSE:2332 Quest Co Ltd TSE:2332
65 GF Score
Price 円1,736.00
GF Value 円1,716.09
Valuation Fairly Valued
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What is Quest Co Scaled Net Operating Assets?

Quest Co TSE:2332 +0.75% 65 Scaled Net Operating Assets is 0.43 as of Mar. 2026. GuruFocus rates TSE:2332 with a GF Score™ of 65/100 and a GF Value™ of 円1,716.09 (Fairly Valued).

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Quest Co's operating assets for the quarter that ended in Mar. 2026 was 円7,299 Mil. Quest Co's operating liabilities for the quarter that ended in Mar. 2026 was 円2,888 Mil. Quest Co's Total Assets for the quarter that ended in Sep. 2025 was 円10,140 Mil. Therefore, Quest Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.43.


Quest Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Quest 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.

Quest Co Scaled Net Operating Assets Chart

Quest 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 0.46 0.44 0.42 0.42 0.45

Quest Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.44 0.40 0.43 0.46 0.44

TSE:2332 vs IBM, ACN, FISV: Scaled Net Operating Assets Comparison

For the Information Technology Services subindustry, Quest 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.


Quest Co Scaled Net Operating Assets vs Software Industry

For the Software industry and Technology sector, Quest Co's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:2332
65GF Score
Quest Co Ltd TSE:2332
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Quest 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.

Quest 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 )
=(7299.269-2888.342)/9818.72
=0.45

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=10356.753 - 3057.484
=7299.269

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2898.262 - 5.575 - 4.345
=2888.342

Quest 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: Sep. 2025 )
=(7299.269-2888.342)/10140.448
=0.43

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=10356.753 - 3057.484
=7299.269

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2898.262 - 5.575 - 4.345
=2888.342

* 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 0.43 mean?
Quest Co (TSE:2332) has a Scaled Net Operating Assets of 0.43 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 Quest Co and its competitors.
Is Quest Co's Scaled Net Operating Assets too high?
Quest Co's current Scaled Net Operating Assets is 0.43. Overall, Quest Co has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Quest Co's Scaled Net Operating Assets compare to IBM and ACN?
Quest Co's Scaled Net Operating Assets of 0.43 can be compared against companies in the Software 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 Software company?
A good Scaled Net Operating Assets depends on the Software 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 Quest Co and its competitors. Quest Co's current Scaled Net Operating Assets is 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quest Co stock overvalued right now?
Based on GuruFocus' analysis, Quest Co (TSE:2332) is currently considered Fairly Valued. The stock's GF Value™ is 円1,716.09, compared to a current price of 円1,736.00 — trading 1.2% above its estimated fair value. The current Scaled Net Operating Assets is 0.43. Quest Co's overall GF Score™ is 65/100. 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 Quest Co (TSE:2332), the current Scaled Net Operating Assets is 0.43 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 Quest Co (TSE:2332) Overvalued in 2026?

Based on GuruFocus' analysis, Quest Co stock appears to be overvalued. The current stock price of 円1,736.00 is trading 1.2% above its estimated GF Value™ of 円1,716.09. GuruFocus considers Quest Co to be Fairly Valued.

Key valuation signals for TSE:2332:

  • Scaled Net Operating Assets: 0.43
  • GF Value™: 円1,716.09 vs. price of 円1,736.00 (1.2% above fair value)
  • GF Score™: 65/100

No single metric tells the full story. See the TSE:2332 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Quest Co Business Description

Address 3-1-1 Shibaura, Minato-ku, Tokyo msb Tamachi Tamachi Station Tower N, 14th Floor, Tokyo, JPN, 108-0023
Quest Co Ltd is engaged in information services business. Its segments includes System Development business and Maintenance; and Infrastructure Services business. System Development business is involved in the provision of software development services, including the consulting, design, development and maintenance of systems. Infrastructure Services business is engaged in the provision of support services for infrastructure operation, including infrastructure building, technological services, system operations, supervision, helpdesk, and field support.
65GF Score

Get the complete analysis for TSE:2332

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

円1,736.00
Price
円1,716.09
GF Value