Honeys Holdings Co (TSE:2792) Scaled Net Operating Assets: 0.58 (As of Feb. 2026)


TSE:2792 Honeys Holdings Co Ltd TSE:2792
63 GF Score
Price 円1,392.00
GF Value 円1,610.50
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Honeys Holdings Co Scaled Net Operating Assets?

Honeys Holdings Co TSE:2792 -0.14% 63 Scaled Net Operating Assets is 0.58 as of Feb. 2026. GuruFocus rates TSE:2792 with a GF Score™ of 63/100 and a GF Value™ of 円1,610.50 (Modestly Undervalued). The stock has 2 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.

Honeys Holdings Co's operating assets for the quarter that ended in Feb. 2026 was 円40,455 Mil. Honeys Holdings Co's operating liabilities for the quarter that ended in Feb. 2026 was 円7,616 Mil. Honeys Holdings Co's Total Assets for the quarter that ended in Nov. 2025 was 円57,015 Mil. Therefore, Honeys Holdings Co's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.58.


Honeys Holdings Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Honeys Holdings 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.

Honeys Holdings Co Scaled Net Operating Assets Chart

Honeys Holdings Co Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.58 0.52 0.64 0.59 0.64

Honeys Holdings Co Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.62 0.58 0.65 0.58 0.62

TSE:2792 vs TJX, ROST, BURL: Scaled Net Operating Assets Comparison

For the Apparel Retail subindustry, Honeys Holdings 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.


Honeys Holdings Co Scaled Net Operating Assets vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Honeys Holdings Co's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:2792
63GF Score
Honeys Holdings Co Ltd TSE:2792
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Honeys Holdings 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.

Honeys Holdings Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in May. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: May. 2026 )
=(Operating Assets (A: May. 2026 )-Operating Liabilities (A: May. 2026 ))/Total Assets (A: May. 2025 )
=(42494.227-8520.239)/52997.563
=0.64

where

Operating Assets(A: May. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=57607.737 - 15113.51
=42494.227

Operating Liabilities(A: May. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8520.239 - 0 - 0
=8520.239

Honeys Holdings Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Feb. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Feb. 2026 )
=(Operating Assets (Q: Feb. 2026 )-Operating Liabilities (Q: Feb. 2026 ))/Total Assets (Q: Nov. 2025 )
=(40454.741-7616.265)/57015.263
=0.58

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=54791.348 - 14336.607
=40454.741

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7616.265 - 0 - 0
=7616.265

* 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 0.58 mean?
Honeys Holdings Co (TSE:2792) has a Scaled Net Operating Assets of 0.58 as of Feb. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Honeys Holdings Co and its competitors.
Is Honeys Holdings Co's Scaled Net Operating Assets too high?
Honeys Holdings Co's current Scaled Net Operating Assets is 0.58. Overall, Honeys Holdings Co has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Honeys Holdings Co's Scaled Net Operating Assets compare to TJX and ROST?
Honeys Holdings Co's Scaled Net Operating Assets of 0.58 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Scaled Net Operating Assets depends on the Retail - Cyclical 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 Honeys Holdings Co and its competitors. Honeys Holdings Co's current Scaled Net Operating Assets is 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Honeys Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Honeys Holdings Co (TSE:2792) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,610.50, compared to a current price of 円1,392.00 — trading 13.6% below its estimated fair value. The current Scaled Net Operating Assets is 0.58. Honeys Holdings Co's overall GF Score™ is 63/100 with 2 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 Honeys Holdings Co (TSE:2792), the current Scaled Net Operating Assets is 0.58 as of Feb. 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 Honeys Holdings Co (TSE:2792) Overvalued in 2026?

Based on GuruFocus' analysis, Honeys Holdings Co stock appears to be undervalued. The current stock price of 円1,392.00 is trading 13.6% below its estimated GF Value™ of 円1,610.50. GuruFocus considers Honeys Holdings Co to be Modestly Undervalued.

Key valuation signals for TSE:2792:

  • Scaled Net Operating Assets: 0.58
  • GF Value™: 円1,610.50 vs. price of 円1,392.00 (13.6% below fair value)
  • GF Score™: 63/100 with 2 warning signs

No single metric tells the full story. See the TSE:2792 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Honeys Holdings Co Business Description

Address Kuranaka Character 1 of 7 Natsumoto 27, Kashima cho, Fukushima Prefecture, Iwaki City, JPN, 971-8141
Honeys Holdings Co Ltd is a Japan-based company, engages in the planning, manufacturing, and selling of women's clothing and fashion accessories The company offers its products under the brands named CINEMA CLUB, GLACIER, COLZA and Comfort Basic through specialty retail stores located in suburban shopping malls and station buildings, as well as online shopping site.
63GF Score

Get the complete analysis for TSE:2792

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

円1,392.00
Price
円1,610.50
GF Value