Booking Resort Co (TSE:324A) Scaled Net Operating Assets: 0.51 (As of Jan. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:324A Booking Resort Co Ltd TSE:324A
20 GF Score
Price 円703.00
! 1 Warning Sign
View Full Analysis

What is Booking Resort Co Scaled Net Operating Assets?

Booking Resort Co TSE:324A +0.43% 20 Scaled Net Operating Assets is 0.51 as of Jan. 2026. GuruFocus rates TSE:324A with a GF Score™ of 20/100. The stock has 1 warning sign investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Booking Resort Co's operating assets for the quarter that ended in Jan. 2026 was 円1,671 Mil. Booking Resort Co's operating liabilities for the quarter that ended in Jan. 2026 was 円208 Mil. Booking Resort Co's Total Assets for the quarter that ended in Oct. 2025 was 円2,867 Mil. Therefore, Booking Resort Co's scaled net operating assets (SNOA) for the quarter that ended in Jan. 2026 was 0.51.

Booking Resort Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Booking Resort 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.

Booking Resort Co Scaled Net Operating Assets Chart

Booking Resort Co Annual Data
Trend Apr23 Apr24 Apr25 Apr26
Scaled Net Operating Assets
0.63 0.83 0.69 0.58

Booking Resort Co Quarterly Data
Apr23 Apr24 Oct24 Apr25 Jul25 Oct25 Jan26 Apr26
Scaled Net Operating Assets Get a 7-Day Free Trial 0.54 0.47 0.42 0.51 0.52

TSE:324A vs BKNG, ABNB, RCL: Scaled Net Operating Assets Comparison

For the Travel Services subindustry, Booking Resort 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.

Booking Resort Co Scaled Net Operating Assets vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Booking Resort Co's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:324A
20GF Score
Booking Resort Co Ltd TSE:324A
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Booking Resort 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.

Booking Resort Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Apr. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Apr. 2026 )
=(Operating Assets (A: Apr. 2026 )-Operating Liabilities (A: Apr. 2026 ))/Total Assets (A: Apr. 2025 )
=(1705.023-228.73)/2552.267
=0.58

where

Operating Assets(A: Apr. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2364.465 - 659.442
=1705.023

Operating Liabilities(A: Apr. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=583.032 - 274.43 - 79.872
=228.73

Booking Resort Co'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: Oct. 2025 )
=(1670.683-207.859)/2867.399
=0.51

where

Operating Assets(Q: Jan. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2816.334 - 1145.651
=1670.683

Operating Liabilities(Q: Jan. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=587.119 - 299.388 - 79.872
=207.859

* 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 0.51 mean?
Booking Resort Co (TSE:324A) has a Scaled Net Operating Assets of 0.51 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 Booking Resort Co and its competitors.
Is Booking Resort Co's Scaled Net Operating Assets too high?
Booking Resort Co's current Scaled Net Operating Assets is 0.51. Overall, Booking Resort Co has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Booking Resort Co's Scaled Net Operating Assets compare to BKNG and ABNB?
Booking Resort Co's Scaled Net Operating Assets of 0.51 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Scaled Net Operating Assets depends on the Travel & Leisure 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 Booking Resort Co and its competitors. Booking Resort Co's current Scaled Net Operating Assets is 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Booking Resort Co stock overvalued right now?
Booking Resort Co (TSE:324A) has a current Scaled Net Operating Assets of 0.51. The current Scaled Net Operating Assets is 0.51. Booking Resort Co's overall GF Score™ is 20/100 with 1 warning sign 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 Booking Resort Co (TSE:324A), the current Scaled Net Operating Assets is 0.51 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.

Booking Resort Co Business Description

Address 2-6-20 Umeda, 15th Floor, Osaka Kita-ku, Osaka, JPN, 530-0001
Booking Resort Co Ltd is engaged in Customer attraction support business to obtain accommodation reservations from travelers and Resort accommodation management business.
20GF Score

Get the complete analysis for TSE:324A

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

円703.00
Price