ValueCommerce Co (TSE:2491) Scaled Net Operating Assets: 0.09 (As of Mar. 2026)


TSE:2491 ValueCommerce Co Ltd TSE:2491
60 GF Score
Price 円443.00
GF Value 円940.69
Valuation Significantly Undervalued
! 4 Warning Signs
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What is ValueCommerce Co Scaled Net Operating Assets?

ValueCommerce Co TSE:2491 -1.12% 60 Scaled Net Operating Assets is 0.09 as of Mar. 2026. GuruFocus rates TSE:2491 with a GF Score™ of 60/100 and a GF Value™ of 円940.69 (Significantly Undervalued). 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.

ValueCommerce Co's operating assets for the quarter that ended in Mar. 2026 was 円5,363 Mil. ValueCommerce Co's operating liabilities for the quarter that ended in Mar. 2026 was 円3,879 Mil. ValueCommerce Co's Total Assets for the quarter that ended in Dec. 2025 was 円16,142 Mil. Therefore, ValueCommerce Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.09.


ValueCommerce Co Scaled Net Operating Assets Historical Data

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The historical data trend for ValueCommerce 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.

ValueCommerce Co Scaled Net Operating Assets Chart

ValueCommerce Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.05 0.03 0.03 0.04 0.06

ValueCommerce Co 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 0.08 0.09 0.13 0.06 0.09

TSE:2491 vs APP, OMC, TTD: Scaled Net Operating Assets Comparison

For the Advertising Agencies subindustry, ValueCommerce 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.


ValueCommerce Co Scaled Net Operating Assets vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, ValueCommerce Co's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:2491
60GF Score
ValueCommerce Co Ltd TSE:2491
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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ValueCommerce 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.

ValueCommerce Co'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 )
=(5116-3961)/19592
=0.06

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=16142 - 11026
=5116

ValueCommerce 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 )
=(5363-3879)/16142
=0.09

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=15435 - 10072
=5363

* 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 0.09 mean?
ValueCommerce Co (TSE:2491) has a Scaled Net Operating Assets of 0.09 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 ValueCommerce Co and its competitors.
Is ValueCommerce Co's Scaled Net Operating Assets too high?
ValueCommerce Co's current Scaled Net Operating Assets is 0.09. Overall, ValueCommerce Co has a GF Score™ of 60/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ValueCommerce Co's Scaled Net Operating Assets compare to APP and OMC?
ValueCommerce Co's Scaled Net Operating Assets of 0.09 can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good Scaled Net Operating Assets depends on the Media - Diversified 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 ValueCommerce Co and its competitors. ValueCommerce Co's current Scaled Net Operating Assets is 0.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ValueCommerce Co stock overvalued right now?
Based on GuruFocus' analysis, ValueCommerce Co (TSE:2491) is currently considered Significantly Undervalued. The stock's GF Value™ is 円940.69, compared to a current price of 円443.00 — trading 52.9% below its estimated fair value. The current Scaled Net Operating Assets is 0.09. ValueCommerce Co's overall GF Score™ is 60/100 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 ValueCommerce Co (TSE:2491), the current Scaled Net Operating Assets is 0.09 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 ValueCommerce Co (TSE:2491) Overvalued in 2026?

Based on GuruFocus' analysis, ValueCommerce Co stock appears to be undervalued. The current stock price of 円443.00 is trading 52.9% below its estimated GF Value™ of 円940.69. GuruFocus considers ValueCommerce Co to be Significantly Undervalued.

Key valuation signals for TSE:2491:

  • Scaled Net Operating Assets: 0.09
  • GF Value™: 円940.69 vs. price of 円443.00 (52.9% below fair value)
  • GF Score™: 60/100 with 4 warning signs

No single metric tells the full story. See the TSE:2491 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ValueCommerce Co Business Description

Address 1-3 Kioicho, Chiyoda-ku, 21st Floor Kioi Tower, Tokyo Garden Terrace Kioicho, Tokyo, JPN, 102-8282
ValueCommerce Co Ltd is engaged in provision of Marketing Solutions Business, EC Solutions Business, and Travel Tech Business. It provides marketing solution from customer attraction to retention to maximize commerce operators' performance, Gross Merchandise Value (GMV).
60GF Score

Get the complete analysis for TSE:2491

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

円443.00
Price
円940.69
GF Value