Wel-Dish (TSE:2901) Scaled Net Operating Assets: 1.36 (As of Feb. 2026)


TSE:2901 Wel-Dish Inc TSE:2901
44 GF Score
Price 円193.00
GF Value 円346.39
Valuation Possible Value Trap
! 7 Warning Signs
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What is Wel-Dish Scaled Net Operating Assets?

Wel-Dish TSE:2901 +0.52% 44 Scaled Net Operating Assets is 1.36 as of Feb. 2026. GuruFocus rates TSE:2901 with a GF Score™ of 44/100 and a GF Value™ of 円346.39 (Possible Value Trap). The stock has 7 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.

Wel-Dish's operating assets for the quarter that ended in Feb. 2026 was 円7,264 Mil. Wel-Dish's operating liabilities for the quarter that ended in Feb. 2026 was 円1,051 Mil. Wel-Dish's Total Assets for the quarter that ended in Mar. 2025 was 円4,574 Mil. Therefore, Wel-Dish's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 1.36.


Wel-Dish Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Wel-Dish'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.

Wel-Dish Scaled Net Operating Assets Chart

Wel-Dish Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.23 0.37 0.23 0.47 0.42

Wel-Dish Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Feb26
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 0.45 0.49 0.36 3.59 1.36

TSE:2901 vs HCA, THC, DVA: Scaled Net Operating Assets Comparison

For the Medical Care Facilities subindustry, Wel-Dish'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.


Wel-Dish Scaled Net Operating Assets vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Wel-Dish's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:2901
44GF Score
Wel-Dish Inc TSE:2901
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Wel-Dish 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.

Wel-Dish's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2024 )
=(Operating Assets (A: Mar. 2024 )-Operating Liabilities (A: Mar. 2024 ))/Total Assets (A: Mar. 2023 )
=(656.349-279.158)/890.777
=0.42

where

Operating Assets(A: Mar. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=880.473 - 224.124
=656.349

Operating Liabilities(A: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=953.679 - 418.327 - 256.194
=279.158

Wel-Dish'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: Mar. 2025 )
=(7264.098-1050.771)/4574.108
=1.36

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=7826.926 - 562.828
=7264.098

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1813.202 - 608.042 - 154.389
=1050.771

* 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 1.36 mean?
Wel-Dish (TSE:2901) has a Scaled Net Operating Assets of 1.36 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 Wel-Dish and its competitors.
Is Wel-Dish's Scaled Net Operating Assets too high?
Wel-Dish's current Scaled Net Operating Assets is 1.36. Overall, Wel-Dish has a GF Score™ of 44/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Wel-Dish's Scaled Net Operating Assets compare to HCA and THC?
Wel-Dish's Scaled Net Operating Assets of 1.36 can be compared against companies in the Healthcare Providers & Services 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 Healthcare Providers & Services company?
A good Scaled Net Operating Assets depends on the Healthcare Providers & Services 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 Wel-Dish and its competitors. Wel-Dish's current Scaled Net Operating Assets is 1.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wel-Dish stock overvalued right now?
Based on GuruFocus' analysis, Wel-Dish (TSE:2901) is currently considered Possible Value Trap. The stock's GF Value™ is 円346.39, compared to a current price of 円193.00 — trading 44.3% below its estimated fair value. The current Scaled Net Operating Assets is 1.36. Wel-Dish's overall GF Score™ is 44/100 with 7 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 Wel-Dish (TSE:2901), the current Scaled Net Operating Assets is 1.36 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 Wel-Dish (TSE:2901) Overvalued in 2026?

Based on GuruFocus' analysis, Wel-Dish stock appears to be undervalued. The current stock price of 円193.00 is trading 44.3% below its estimated GF Value™ of 円346.39. GuruFocus considers Wel-Dish to be Possible Value Trap.

Key valuation signals for TSE:2901:

  • Scaled Net Operating Assets: 1.36
  • GF Value™: 円346.39 vs. price of 円193.00 (44.3% below fair value)
  • GF Score™: 44/100 with 7 warning signs

No single metric tells the full story. See the TSE:2901 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Wel-Dish Business Description

Address No. 5-18-9 Shirokanedai, Minato-ku, VORT Shirokanedai, 4th floor, Tokyo, JPN
Wel-Dish Inc. is engaged in the Business of Home services which is based on the Nursing Care Insurance Act, It also provides Long-term care preventive service business based on the Long-term Care Insurance Act.
44GF Score

Get the complete analysis for TSE:2901

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

円193.00
Price
円346.39
GF Value