ESCON Japan REIT Investment (TSE:2971) Scaled Net Operating Assets: 0.97 (As of Jan. 2026)

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TSE:2971 ESCON Japan REIT Investment Corp TSE:2971
60 GF Score
Price 円111,800.00
GF Value 円134,535.91
Valuation Modestly Undervalued
! 7 Warning Signs
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What is ESCON Japan REIT Investment Scaled Net Operating Assets?

ESCON Japan REIT Investment TSE:2971 -1.32% 60 Scaled Net Operating Assets is 0.97 as of Jan. 2026. GuruFocus rates TSE:2971 with a GF Score™ of 60/100 and a GF Value™ of 円134,535.91 (Modestly Undervalued). 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.

ESCON Japan REIT Investment's operating assets for the quarter that ended in Jan. 2026 was 円78,549 Mil. ESCON Japan REIT Investment's operating liabilities for the quarter that ended in Jan. 2026 was 円3,571 Mil. ESCON Japan REIT Investment's Total Assets for the quarter that ended in Jul. 2025 was 円77,174 Mil. Therefore, ESCON Japan REIT Investment's scaled net operating assets (SNOA) for the quarter that ended in Jan. 2026 was 0.97.


ESCON Japan REIT Investment Scaled Net Operating Assets Historical Data

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The historical data trend for ESCON Japan REIT Investment'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.

ESCON Japan REIT Investment Scaled Net Operating Assets Chart

ESCON Japan REIT Investment Annual Data
Trend Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.94 1.25 0.92 0.94 0.92

ESCON Japan REIT Investment Semi-Annual Data
Oct17 Apr18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
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 0.93 0.94 0.92 0.92 0.97

TSE:2971 vs SPG, O, KIM: Scaled Net Operating Assets Comparison

For the REIT - Retail subindustry, ESCON Japan REIT Investment'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.


ESCON Japan REIT Investment Scaled Net Operating Assets vs REITs Industry

For the REITs industry and Real Estate sector, ESCON Japan REIT Investment's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where ESCON Japan REIT Investment's Scaled Net Operating Assets falls into.


TSE:2971
60GF Score
ESCON Japan REIT Investment Corp TSE:2971
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ESCON Japan REIT Investment 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.

ESCON Japan REIT Investment's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jul. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jul. 2025 )
=(Operating Assets (A: Jul. 2025 )-Operating Liabilities (A: Jul. 2025 ))/Total Assets (A: Jul. 2024 )
=(74445.865-3655.884)/76770.047
=0.92

where

Operating Assets(A: Jul. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=77173.751 - 2727.886
=74445.865

Operating Liabilities(A: Jul. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=36746.884 - 21715.3 - 11375.7
=3655.884

ESCON Japan REIT Investment's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jan. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jan. 2026 )
=(Operating Assets (Q: Jan. 2026 )-Operating Liabilities (Q: Jan. 2026 ))/Total Assets (Q: Jul. 2025 )
=(78548.525-3570.817)/77173.751
=0.97

where

Operating Assets(Q: Jan. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=80999.578 - 2451.053
=78548.525

Operating Liabilities(Q: Jan. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=40521.817 - 24650.3 - 12300.7
=3570.817

* 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 0.97 mean?
ESCON Japan REIT Investment (TSE:2971) has a Scaled Net Operating Assets of 0.97 as of Jan. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on ESCON Japan REIT Investment and its competitors.
Is ESCON Japan REIT Investment's Scaled Net Operating Assets too high?
ESCON Japan REIT Investment's current Scaled Net Operating Assets is 0.97. Overall, ESCON Japan REIT Investment has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ESCON Japan REIT Investment's Scaled Net Operating Assets compare to SPG and O?
ESCON Japan REIT Investment's Scaled Net Operating Assets of 0.97 can be compared against companies in the REITs 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 REITs company?
A good Scaled Net Operating Assets depends on the REITs 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 ESCON Japan REIT Investment and its competitors. ESCON Japan REIT Investment's current Scaled Net Operating Assets is 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ESCON Japan REIT Investment stock overvalued right now?
Based on GuruFocus' analysis, ESCON Japan REIT Investment (TSE:2971) is currently considered Modestly Undervalued. The stock's GF Value™ is 円134,535.91, compared to a current price of 円111,800.00 — trading 16.9% below its estimated fair value. The current Scaled Net Operating Assets is 0.97. ESCON Japan REIT Investment's overall GF Score™ is 60/100 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 ESCON Japan REIT Investment (TSE:2971), the current Scaled Net Operating Assets is 0.97 as of Jan. 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 ESCON Japan REIT Investment (TSE:2971) Overvalued in 2026?

Based on GuruFocus' analysis, ESCON Japan REIT Investment stock appears to be undervalued. The current stock price of 円111,800.00 is trading 16.9% below its estimated GF Value™ of 円134,535.91. GuruFocus considers ESCON Japan REIT Investment to be Modestly Undervalued.

Key valuation signals for TSE:2971:

  • Scaled Net Operating Assets: 0.97
  • GF Value™: 円134,535.91 vs. price of 円111,800.00 (16.9% below fair value)
  • GF Score™: 60/100 with 7 warning signs

No single metric tells the full story. See the TSE:2971 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ESCON Japan REIT Investment Business Description

Industry Real EstateREITs
Address Okura Prestige Tower 20F, 2-10-4 Toranomon, Minato-ku, Tokyo, JPN, 105-0001
ESCON Japan REIT Investment Corp is a Japanese real estate investment trust that invests in lifestyle-related assets. Its main investment is leasehold land properties known as "sokochi," with stable, high-quality commercial facilities occupying the site.
60GF Score

Get the complete analysis for TSE:2971

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

円111,800.00
Price
円134,535.91
GF Value