ZEAL Associate (TSE:329A) Scaled Net Operating Assets: 0.12 (As of Feb. 2026)

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TSE:329A ZEAL Associate Corp TSE:329A
16 GF Score
Price 円211.60
! 3 Warning Signs
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What is ZEAL Associate Scaled Net Operating Assets?

ZEAL Associate TSE:329A 16 Scaled Net Operating Assets is 0.12 as of Feb. 2026. GuruFocus rates TSE:329A with a GF Score™ of 16/100. The stock has 3 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.

ZEAL Associate's operating assets for the quarter that ended in Feb. 2026 was 円581 Mil. ZEAL Associate's operating liabilities for the quarter that ended in Feb. 2026 was 円375 Mil. ZEAL Associate's Total Assets for the quarter that ended in Aug. 2025 was 円1,654 Mil. Therefore, ZEAL Associate's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.12.


ZEAL Associate Scaled Net Operating Assets Historical Data

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The historical data trend for ZEAL Associate'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.

ZEAL Associate Scaled Net Operating Assets Chart

ZEAL Associate Annual Data
Trend Aug23 Aug24 Aug25
Scaled Net Operating Assets
0.07 0.04 0.19

ZEAL Associate Semi-Annual Data
Aug23 Aug24 Feb25 Aug25 Feb26
Scaled Net Operating Assets 0.07 0.04 0.12 0.23 0.12

TSE:329A vs HON, MMM: Scaled Net Operating Assets Comparison

For the Conglomerates subindustry, ZEAL Associate'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.


ZEAL Associate Scaled Net Operating Assets vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, ZEAL Associate's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where ZEAL Associate's Scaled Net Operating Assets falls into.


TSE:329A
16GF Score
ZEAL Associate Corp TSE:329A
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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ZEAL Associate 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.

ZEAL Associate'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 )
=(849.664-528.501)/1738.774
=0.18

where

Operating Assets(A: Aug. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1654.33 - 804.666
=849.664

Operating Liabilities(A: Aug. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1350.88 - 634.263 - 188.116
=528.501

ZEAL Associate'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 )
=(580.521-375.391)/1654.33
=0.12

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1708.365 - 1127.844
=580.521

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1385.966 - 769.323 - 241.252
=375.391

* 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 0.12 mean?
ZEAL Associate (TSE:329A) has a Scaled Net Operating Assets of 0.12 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 ZEAL Associate and its competitors.
Is ZEAL Associate's Scaled Net Operating Assets too high?
ZEAL Associate's current Scaled Net Operating Assets is 0.12. Overall, ZEAL Associate has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does ZEAL Associate's Scaled Net Operating Assets compare to HON and MMM?
ZEAL Associate's Scaled Net Operating Assets of 0.12 can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Scaled Net Operating Assets depends on the Conglomerates 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 ZEAL Associate and its competitors. ZEAL Associate's current Scaled Net Operating Assets is 0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZEAL Associate stock overvalued right now?
ZEAL Associate (TSE:329A) has a current Scaled Net Operating Assets of 0.12. The current Scaled Net Operating Assets is 0.12. ZEAL Associate's overall GF Score™ is 16/100 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 ZEAL Associate (TSE:329A), the current Scaled Net Operating Assets is 0.12 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.

ZEAL Associate Business Description

Address 1-19-7 Ginza, JRE Ginza 1chome East Building 8th Floor, Chuo-ku, Tokyo, JPN, 104-0061
ZEAL Associate Corp is engaged in design business focusing on event management and space creation, Entertainment Space, Interior Space etc.
16GF Score

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

円211.60
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