KFC (TSE:3420) Scaled Net Operating Assets: 0.62 (As of Mar. 2026)

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TSE:3420 KFC Ltd TSE:3420
65 GF Score
Price 円1,585.00
GF Value 円1,511.93
Valuation Fairly Valued
! 5 Warning Signs
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What is KFC Scaled Net Operating Assets?

KFC TSE:3420 -2.28% 65 Scaled Net Operating Assets is 0.62 as of Mar. 2026. GuruFocus rates TSE:3420 with a GF Score™ of 65/100 and a GF Value™ of 円1,511.93 (Fairly Valued). The stock has 5 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.

KFC's operating assets for the quarter that ended in Mar. 2026 was 円24,811 Mil. KFC's operating liabilities for the quarter that ended in Mar. 2026 was 円6,939 Mil. KFC's Total Assets for the quarter that ended in Sep. 2025 was 円28,627 Mil. Therefore, KFC's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.62.


KFC Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for KFC'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.

KFC Scaled Net Operating Assets Chart

KFC 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 0.60 0.54 0.59 0.57 0.62

KFC 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 0.56 0.61 0.60 0.62 0.62

TSE:3420 vs HON, MMM: Scaled Net Operating Assets Comparison

For the Conglomerates subindustry, KFC'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.


KFC Scaled Net Operating Assets vs Conglomerates Industry

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

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


TSE:3420
65GF Score
KFC Ltd TSE:3420
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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KFC 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.

KFC'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 )
=(24810.523-6939.019)/28841.139
=0.62

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=29961.307 - 5150.784
=24810.523

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7803.942 - 111.165 - 753.758
=6939.019

KFC'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 )
=(24810.523-6939.019)/28627.307
=0.62

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=29961.307 - 5150.784
=24810.523

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7803.942 - 111.165 - 753.758
=6939.019

* 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 0.62 mean?
KFC (TSE:3420) has a Scaled Net Operating Assets of 0.62 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 KFC and its competitors.
Is KFC's Scaled Net Operating Assets too high?
KFC's current Scaled Net Operating Assets is 0.62. Overall, KFC has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does KFC's Scaled Net Operating Assets compare to HON and MMM?
KFC's Scaled Net Operating Assets of 0.62 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 KFC and its competitors. KFC's current Scaled Net Operating Assets is 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KFC stock overvalued right now?
Based on GuruFocus' analysis, KFC (TSE:3420) is currently considered Fairly Valued. The stock's GF Value™ is 円1,511.93, compared to a current price of 円1,585.00 — trading 4.8% above its estimated fair value. The current Scaled Net Operating Assets is 0.62. KFC's overall GF Score™ is 65/100 with 5 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 KFC (TSE:3420), the current Scaled Net Operating Assets is 0.62 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 KFC (TSE:3420) Overvalued in 2026?

Based on GuruFocus' analysis, KFC stock appears to be overvalued. The current stock price of 円1,585.00 is trading 4.8% above its estimated GF Value™ of 円1,511.93. GuruFocus considers KFC to be Fairly Valued.

Key valuation signals for TSE:3420:

  • Scaled Net Operating Assets: 0.62
  • GF Value™: 円1,511.93 vs. price of 円1,585.00 (4.8% above fair value)
  • GF Score™: 65/100 with 5 warning signs

No single metric tells the full story. See the TSE:3420 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KFC Business Description

Address No. 2 17, Nishitenumi Northern Ward, Osaka, JPN, 530-0047
KFC Ltd manufactures and sells construction materials. The company's business is divided into three divisions namely Fastener business division which includes the production and sales of steel materials and various hardware products, design and construction of earthquake-resistant construction works of constructions, and others., The civil engineering material business division comprises of manufacture and sales of tunnel support materials such as lock bolts, sales of tunnel waterproof sheets and accessories welding machines and construction machines, and others, and the Construction business division consists of designing and construction of environmental construction such as tunnel interior and fireproof construction and sound insulation wall installation work, and others.
65GF Score

Get the complete analysis for TSE:3420

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

円1,585.00
Price
円1,511.93
GF Value