Pickles Holdings Co (TSE:2935) Scaled Net Operating Assets: 0.54 (As of Feb. 2026)

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TSE:2935 Pickles Holdings Co Ltd TSE:2935
57 GF Score
Price 円1,173.00
GF Value 円1,116.12
Valuation Fairly Valued
! 3 Warning Signs
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What is Pickles Holdings Co Scaled Net Operating Assets?

Pickles Holdings Co TSE:2935 57 Scaled Net Operating Assets is 0.54 as of Feb. 2026. GuruFocus rates TSE:2935 with a GF Score™ of 57/100 and a GF Value™ of 円1,116.12 (Fairly Valued). 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.

Pickles Holdings Co's operating assets for the quarter that ended in Feb. 2026 was 円23,990 Mil. Pickles Holdings Co's operating liabilities for the quarter that ended in Feb. 2026 was 円6,934 Mil. Pickles Holdings Co's Total Assets for the quarter that ended in Aug. 2025 was 円31,651 Mil. Therefore, Pickles Holdings Co's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.54.


Pickles Holdings Co Scaled Net Operating Assets Historical Data

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The historical data trend for Pickles 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.

Pickles Holdings Co Scaled Net Operating Assets Chart

Pickles Holdings Co Annual Data
Trend Feb23 Feb24 Feb25 Feb26
Scaled Net Operating Assets
0.54 0.52 0.68 0.56

Pickles Holdings Co Semi-Annual Data
Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Scaled Net Operating Assets Get a 7-Day Free Trial 0.48 0.50 0.59 0.58 0.54

TSE:2935 vs KHC, GIS: Scaled Net Operating Assets Comparison

For the Packaged Foods subindustry, Pickles 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.


Pickles Holdings Co Scaled Net Operating Assets vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Pickles Holdings Co's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:2935
57GF Score
Pickles Holdings Co Ltd TSE:2935
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Pickles 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.

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

Scaled Net Operating Assets (SNOA)(A: Feb. 2026 )
=(Operating Assets (A: Feb. 2026 )-Operating Liabilities (A: Feb. 2026 ))/Total Assets (A: Feb. 2025 )
=(23990-6934)/30242
=0.56

where

Operating Assets(A: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=30204 - 6214
=23990

Operating Liabilities(A: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=10152 - 2366 - 852
=6934

Pickles 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: Aug. 2025 )
=(23990-6934)/31651
=0.54

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=30204 - 6214
=23990

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=10152 - 2366 - 852
=6934

* 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 0.54 mean?
Pickles Holdings Co (TSE:2935) has a Scaled Net Operating Assets of 0.54 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 Pickles Holdings Co and its competitors.
Is Pickles Holdings Co's Scaled Net Operating Assets too high?
Pickles Holdings Co's current Scaled Net Operating Assets is 0.54. Overall, Pickles Holdings Co has a GF Score™ of 57/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Pickles Holdings Co's Scaled Net Operating Assets compare to KHC and GIS?
Pickles Holdings Co's Scaled Net Operating Assets of 0.54 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Scaled Net Operating Assets depends on the Consumer Packaged Goods 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 Pickles Holdings Co and its competitors. Pickles Holdings Co's current Scaled Net Operating Assets is 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pickles Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Pickles Holdings Co (TSE:2935) is currently considered Fairly Valued. The stock's GF Value™ is 円1,116.12, compared to a current price of 円1,173.00 — trading 5.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.54. Pickles Holdings Co's overall GF Score™ is 57/100 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 Pickles Holdings Co (TSE:2935), the current Scaled Net Operating Assets is 0.54 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 Pickles Holdings Co (TSE:2935) Overvalued in 2026?

Based on GuruFocus' analysis, Pickles Holdings Co stock appears to be overvalued. The current stock price of 円1,173.00 is trading 5.1% above its estimated GF Value™ of 円1,116.12. GuruFocus considers Pickles Holdings Co to be Fairly Valued.

Key valuation signals for TSE:2935:

  • Scaled Net Operating Assets: 0.54
  • GF Value™: 円1,116.12 vs. price of 円1,173.00 (5.1% above fair value)
  • GF Score™: 57/100 with 3 warning signs

No single metric tells the full story. See the TSE:2935 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pickles Holdings Co Business Description

Address 7-8 Higashisumiyosh, Saitama Prefecture, Tokorozawa, JPN, 359-1124
Pickles Holdings Co Ltd engages through its subsidiary in the manufacture and sale of pickled vegetables and side dishes, as well as the sale of pickles.
57GF Score

Get the complete analysis for TSE:2935

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

円1,173.00
Price
円1,116.12
GF Value