Adways (TSE:2489) Scaled Net Operating Assets: 0.19 (As of Dec. 2025)


TSE:2489 Adways Inc TSE:2489
68 GF Score
Price 円303.00
GF Value 円394.18
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Adways Scaled Net Operating Assets?

Adways TSE:2489 +1.68% 68 Scaled Net Operating Assets is 0.19 as of Dec. 2025. GuruFocus rates TSE:2489 with a GF Score™ of 68/100 and a GF Value™ of 円394.18 (Modestly Undervalued). The stock has 3 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.

Adways's operating assets for the quarter that ended in Dec. 2025 was 円12,371 Mil. Adways's operating liabilities for the quarter that ended in Dec. 2025 was 円8,338 Mil. Adways's Total Assets for the quarter that ended in Sep. 2025 was 円21,703 Mil. Therefore, Adways's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.19.


Adways Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Adways'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.

Adways Scaled Net Operating Assets Chart

Adways Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.07 0.15 0.16 0.15 0.18

Adways 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 0.15 0.14 0.23 0.19 0.20

TSE:2489 vs GOOGL, META, SPOT: Scaled Net Operating Assets Comparison

For the Internet Content & Information subindustry, Adways'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.


Adways Scaled Net Operating Assets vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Adways's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:2489
68GF Score
Adways Inc TSE:2489
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Adways 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.

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

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(12370.863-8337.522)/22884.884
=0.18

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=22295.149 - 9924.286
=12370.863

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8337.522 - 0 - 0
=8337.522

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

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Sep. 2025 )
=(12370.863-8337.522)/21703.089
=0.19

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=22295.149 - 9924.286
=12370.863

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8337.522 - 0 - 0
=8337.522

* 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 0.19 mean?
Adways (TSE:2489) has a Scaled Net Operating Assets of 0.19 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Adways and its competitors.
Is Adways' Scaled Net Operating Assets too high?
Adways' current Scaled Net Operating Assets is 0.19. Overall, Adways has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Adways' Scaled Net Operating Assets compare to GOOGL and META?
Adways' Scaled Net Operating Assets of 0.19 can be compared against companies in the Interactive Media 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 an Interactive Media company?
A good Scaled Net Operating Assets depends on the Interactive Media 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 Adways and its competitors. Adways's current Scaled Net Operating Assets is 0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adways stock overvalued right now?
Based on GuruFocus' analysis, Adways (TSE:2489) is currently considered Modestly Undervalued. The stock's GF Value™ is 円394.18, compared to a current price of 円303.00 — trading 23.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.19. Adways' overall GF Score™ is 68/100 with 3 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 Adways (TSE:2489), the current Scaled Net Operating Assets is 0.19 as of Dec. 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 Adways (TSE:2489) Overvalued in 2026?

Based on GuruFocus' analysis, Adways stock appears to be undervalued. The current stock price of 円303.00 is trading 23.1% below its estimated GF Value™ of 円394.18. GuruFocus considers Adways to be Modestly Undervalued.

Key valuation signals for TSE:2489:

  • Scaled Net Operating Assets: 0.19
  • GF Value™: 円394.18 vs. price of 円303.00 (23.1% below fair value)
  • GF Score™: 68/100 with 3 warning signs

No single metric tells the full story. See the TSE:2489 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Adways Business Description

Other Exchanges A02:Germany
Address Sumitomo Fudousan Shinjuku OakTower 4th floor, Tokyo, JPN
Adways Inc engages in the provision of advertising services. It also deals with mobile applications and contents development for media advertising. Its operations include advertising business, applications and media business, overseas business. The advertising business covers primarily internet advertisements. The applications and media business develops and manages smartphone applications and media contents. The overseas business offers internet marketing services overseas.
68GF Score

Get the complete analysis for TSE:2489

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

円303.00
Price
円394.18
GF Value