Sankei Real Estate (TSE:2972) Scaled Net Operating Assets: 0.83 (As of Feb. 2026)

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TSE:2972 Sankei Real Estate Inc TSE:2972
59 GF Score
Price 円113,700.00
GF Value 円85,601.71
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Sankei Real Estate Scaled Net Operating Assets?

Sankei Real Estate TSE:2972 -0.26% 59 Scaled Net Operating Assets is 0.83 as of Feb. 2026. GuruFocus rates TSE:2972 with a GF Score™ of 59/100 and a GF Value™ of 円85,601.71 (Significantly Overvalued). The stock has 9 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.

Sankei Real Estate's operating assets for the quarter that ended in Feb. 2026 was 円91,287 Mil. Sankei Real Estate's operating liabilities for the quarter that ended in Feb. 2026 was 円4,422 Mil. Sankei Real Estate's Total Assets for the quarter that ended in Aug. 2025 was 円104,899 Mil. Therefore, Sankei Real Estate's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.83.


Sankei Real Estate Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Sankei Real Estate'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.

Sankei Real Estate Scaled Net Operating Assets Chart

Sankei Real Estate Annual Data
Trend Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.93 1.20 0.96 0.85 0.88

Sankei Real Estate Semi-Annual Data
Apr19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 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 0.76 0.91 0.91 0.88 0.83

TSE:2972 vs BXP, ARE, VNO: Scaled Net Operating Assets Comparison

For the REIT - Office subindustry, Sankei Real Estate'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.


Sankei Real Estate Scaled Net Operating Assets vs REITs Industry

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

* The bar in red indicates where Sankei Real Estate's Scaled Net Operating Assets falls into.


TSE:2972
59GF Score
Sankei Real Estate Inc TSE:2972
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sankei Real Estate 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.

Sankei Real Estate's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Aug. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Aug. 2025 )
=(Operating Assets (A: Aug. 2025 )-Operating Liabilities (A: Aug. 2025 ))/Total Assets (A: Aug. 2024 )
=(96557.8-4160.496)/104878.112
=0.88

where

Operating Assets(A: Aug. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=104898.938 - 8341.138
=96557.8

Operating Liabilities(A: Aug. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=54360.496 - 33800 - 16400
=4160.496

Sankei Real Estate'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 )
=(91287.013-4422.458)/104898.938
=0.83

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=99348.614 - 8061.601
=91287.013

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=53922.458 - 33100 - 16400
=4422.458

* 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 0.83 mean?
Sankei Real Estate (TSE:2972) has a Scaled Net Operating Assets of 0.83 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 Sankei Real Estate and its competitors.
Is Sankei Real Estate's Scaled Net Operating Assets too high?
Sankei Real Estate's current Scaled Net Operating Assets is 0.83. Overall, Sankei Real Estate has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sankei Real Estate's Scaled Net Operating Assets compare to BXP and ARE?
Sankei Real Estate's Scaled Net Operating Assets of 0.83 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 Sankei Real Estate and its competitors. Sankei Real Estate's current Scaled Net Operating Assets is 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sankei Real Estate stock overvalued right now?
Based on GuruFocus' analysis, Sankei Real Estate (TSE:2972) is currently considered Significantly Overvalued. The stock's GF Value™ is 円85,601.71, compared to a current price of 円113,700.00 — trading 32.8% above its estimated fair value. The current Scaled Net Operating Assets is 0.83. Sankei Real Estate's overall GF Score™ is 59/100 with 9 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 Sankei Real Estate (TSE:2972), the current Scaled Net Operating Assets is 0.83 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 Sankei Real Estate (TSE:2972) Overvalued in 2026?

Based on GuruFocus' analysis, Sankei Real Estate stock appears to be overvalued. The current stock price of 円113,700.00 is trading 32.8% above its estimated GF Value™ of 円85,601.71. GuruFocus considers Sankei Real Estate to be Significantly Overvalued.

Key valuation signals for TSE:2972:

  • Scaled Net Operating Assets: 0.83
  • GF Value™: 円85,601.71 vs. price of 円113,700.00 (32.8% above fair value)
  • GF Score™: 59/100 with 9 warning signs

No single metric tells the full story. See the TSE:2972 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sankei Real Estate Business Description

Industry Real EstateREITs
Address 2-3-4 Uchikanda, 4th floor, S-GATE Otemachi Kita, Chiyoda-ku, Tokyo, JPN, 100-0004
Sankei Real Estate Inc is a Japanese based J-REIT. The company is engaged in the leasing of real estate properties, and owns office buildings.
59GF Score

Get the complete analysis for TSE:2972

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

円113,700.00
Price
円85,601.71
GF Value