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Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Watahan's operating assets for the quarter that ended in Mar. 2026 was 円77,625 Mil. Watahan's operating liabilities for the quarter that ended in Mar. 2026 was 円28,854 Mil. Watahan's Total Assets for the quarter that ended in Sep. 2025 was 円79,524 Mil. Therefore, Watahan's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.61.
Watahan Scaled Net Operating Assets Related Terms
Watahan Scaled Net Operating Assets Historical Data
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The historical data trend for Watahan'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:3199 vs HD, LOW, FND: Scaled Net Operating Assets Comparison
For the Home Improvement Retail subindustry, Watahan'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.
Watahan Scaled Net Operating Assets vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Watahan's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Watahan'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 0.61 mean?
Watahan (TSE:3199) has a Scaled Net Operating Assets of 0.61 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Watahan and its competitors.
Is Watahan's Scaled Net Operating Assets too high?
Watahan's current Scaled Net Operating Assets is 0.61. Overall, Watahan has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Watahan's Scaled Net Operating Assets compare to HD and LOW?
Watahan's Scaled Net Operating Assets of 0.61 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Scaled Net Operating Assets depends on the Retail - Cyclical 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 Watahan and its competitors. Watahan's current Scaled Net Operating Assets is 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Watahan stock overvalued right now?
Based on GuruFocus' analysis, Watahan (TSE:3199) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,660.77, compared to a current price of 円1,352.00 — trading 18.6% below its estimated fair value. The current Scaled Net Operating Assets is 0.61. Watahan's overall GF Score™ is 64/100 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 Watahan (TSE:3199), the current Scaled Net Operating Assets is 0.61 as of Mar. 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 Watahan (TSE:3199) Overvalued in 2026?
Based on GuruFocus' analysis, Watahan stock appears to be undervalued.
The current stock price of 円1,352.00 is trading 18.6% below its estimated GF Value™ of 円1,660.77.
GuruFocus considers Watahan to be Modestly Undervalued.
Key valuation signals for TSE:3199:
Scaled Net Operating Assets: 0.61
GF Value™: 円1,660.77 vs. price of 円1,352.00 (18.6% below fair value)
No single metric tells the full story. See the TSE:3199 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Watahan & Co Ltd engages in the retail, construction, and trading businesses in Japan. The company operates home improvement supercenters. It is also involved in the construction design, operation, maintenance, and management activities; civil engineering operations; construction of landscaping and facades; sales and rental of construction materials, nursing care; operation of parking lots; and parked vehicle management activities. In addition, it provides consultancy services related to building construction, maintenance, management, and renovation activities; and manufactures and constructs steel buildings and bridge frames, as well as earthquake-resistant bridges.
64GF Score
Get the complete analysis for TSE:3199
Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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