Meiji Electric Industries Co (TSE:3388) Scaled Net Operating Assets: 0.45 (As of Mar. 2026)

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TSE:3388 Meiji Electric Industries Co Ltd TSE:3388
69 GF Score
Price 円2,205.00
GF Value 円1,592.09
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Meiji Electric Industries Co Scaled Net Operating Assets?

Meiji Electric Industries Co TSE:3388 +2.18% 69 Scaled Net Operating Assets is 0.45 as of Mar. 2026. GuruFocus rates TSE:3388 with a GF Score™ of 69/100 and a GF Value™ of 円1,592.09 (Significantly Overvalued). 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.

Meiji Electric Industries Co's operating assets for the quarter that ended in Mar. 2026 was 円42,320 Mil. Meiji Electric Industries Co's operating liabilities for the quarter that ended in Mar. 2026 was 円18,773 Mil. Meiji Electric Industries Co's Total Assets for the quarter that ended in Sep. 2025 was 円52,712 Mil. Therefore, Meiji Electric Industries Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.45.


Meiji Electric Industries Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Meiji Electric Industries 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.

Meiji Electric Industries Co Scaled Net Operating Assets Chart

Meiji Electric Industries Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.47 0.61 0.50 0.52 0.43

Meiji Electric Industries Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.54 0.45 0.53 0.43 0.45

TSE:3388 vs COHR, KEYS, GRMN: Scaled Net Operating Assets Comparison

For the Scientific & Technical Instruments subindustry, Meiji Electric Industries 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.


Meiji Electric Industries Co Scaled Net Operating Assets vs Hardware Industry

For the Hardware industry and Technology sector, Meiji Electric Industries Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Meiji Electric Industries Co's Scaled Net Operating Assets falls into.


TSE:3388
69GF Score
Meiji Electric Industries Co Ltd TSE:3388
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Meiji Electric Industries 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.

Meiji Electric Industries Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(42319.512-18772.923)/54208.829
=0.43

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=57099.476 - 14779.964
=42319.512

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=18772.923 - 0 - 0
=18772.923

Meiji Electric Industries Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Sep. 2025 )
=(42319.512-18772.923)/52712.334
=0.45

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=57099.476 - 14779.964
=42319.512

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=18772.923 - 0 - 0
=18772.923

* 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 0.45 mean?
Meiji Electric Industries Co (TSE:3388) has a Scaled Net Operating Assets of 0.45 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 Meiji Electric Industries Co and its competitors.
Is Meiji Electric Industries Co's Scaled Net Operating Assets too high?
Meiji Electric Industries Co's current Scaled Net Operating Assets is 0.45. Overall, Meiji Electric Industries Co has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Meiji Electric Industries Co's Scaled Net Operating Assets compare to COHR and KEYS?
Meiji Electric Industries Co's Scaled Net Operating Assets of 0.45 can be compared against companies in the Hardware 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 Hardware company?
A good Scaled Net Operating Assets depends on the Hardware 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 Meiji Electric Industries Co and its competitors. Meiji Electric Industries Co's current Scaled Net Operating Assets is 0.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meiji Electric Industries Co stock overvalued right now?
Based on GuruFocus' analysis, Meiji Electric Industries Co (TSE:3388) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,592.09, compared to a current price of 円2,205.00 — trading 38.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.45. Meiji Electric Industries Co's overall GF Score™ is 69/100 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 Meiji Electric Industries Co (TSE:3388), the current Scaled Net Operating Assets is 0.45 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 Meiji Electric Industries Co (TSE:3388) Overvalued in 2026?

Based on GuruFocus' analysis, Meiji Electric Industries Co stock appears to be overvalued. The current stock price of 円2,205.00 is trading 38.5% above its estimated GF Value™ of 円1,592.09. GuruFocus considers Meiji Electric Industries Co to be Significantly Overvalued.

Key valuation signals for TSE:3388:

  • Scaled Net Operating Assets: 0.45
  • GF Value™: 円1,592.09 vs. price of 円2,205.00 (38.5% above fair value)
  • GF Score™: 69/100 with 1 warning sign

No single metric tells the full story. See the TSE:3388 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Meiji Electric Industries Co Business Description

Address 2-13-8 Kamejima, Nakamura-ku, Aichi, Nagoya, JPN
Meiji Electric Industries Co Ltd is a distributor of factory automation components. It also sells functional parts for electric equipment and automatic power saving electrical appliances and instruments.
69GF Score

Get the complete analysis for TSE:3388

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

円2,205.00
Price
円1,592.09
GF Value