Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Tokaido REIT's operating assets for the quarter that ended in Jan. 2026 was 円67,043 Mil. Tokaido REIT's operating liabilities for the quarter that ended in Jan. 2026 was 円2,046 Mil. Tokaido REIT's Total Assets for the quarter that ended in Jul. 2025 was 円67,897 Mil. Therefore, Tokaido REIT's scaled net operating assets (SNOA) for the quarter that ended in Jan. 2026 was 0.96.
Tokaido REIT Scaled Net Operating Assets Related Terms
Tokaido REIT Scaled Net Operating Assets Historical Data
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The historical data trend for Tokaido REIT'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.
TSE:2989 vs VICI, WPC: Scaled Net Operating Assets Comparison
For the REIT - Diversified subindustry, Tokaido REIT'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.
Tokaido REIT Scaled Net Operating Assets vs REITs Industry
For the REITs industry and Real Estate sector, Tokaido REIT's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Tokaido REIT's Scaled Net Operating Assets falls into.
* 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 0.96 mean?
Tokaido REIT (TSE:2989) has a Scaled Net Operating Assets of 0.96 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 Tokaido REIT and its competitors.
Is Tokaido REIT's Scaled Net Operating Assets too high?
Tokaido REIT's current Scaled Net Operating Assets is 0.96. Overall, Tokaido REIT has a GF Score™ of 48/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tokaido REIT's Scaled Net Operating Assets compare to VICI and WPC?
Tokaido REIT's Scaled Net Operating Assets of 0.96 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 Tokaido REIT and its competitors. Tokaido REIT's current Scaled Net Operating Assets is 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokaido REIT stock overvalued right now?
Based on GuruFocus' analysis, Tokaido REIT (TSE:2989) is currently considered Modestly Undervalued. The stock's GF Value™ is 円129,464.06, compared to a current price of 円103,700.00 — trading 19.9% below its estimated fair value. The current Scaled Net Operating Assets is 0.96. Tokaido REIT's overall GF Score™ is 48/100 with 4 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 Tokaido REIT (TSE:2989), the current Scaled Net Operating Assets is 0.96 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 Tokaido REIT (TSE:2989) Overvalued in 2026?
Based on GuruFocus' analysis, Tokaido REIT stock appears to be undervalued.
The current stock price of 円103,700.00 is trading 19.9% below its estimated GF Value™ of 円129,464.06.
GuruFocus considers Tokaido REIT to be Modestly Undervalued.
Key valuation signals for TSE:2989:
Scaled Net Operating Assets: 0.96
GF Value™: 円129,464.06 vs. price of 円103,700.00 (19.9% below fair value)
No single metric tells the full story. See the TSE:2989 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokaido REIT Inc is a real estate investment trust that focuses on the Tokaido area, mainly Shizuoka, Aichi, and Mie prefectures. Its Investment targets are divided into two types including "Industrial infrastructure assets" targeting logistics facilities and office buildings, and "Living infrastructure assets" for residential and commercial facilities.
48GF Score
Get the complete analysis for TSE:2989
Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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