TKP (TSE:3479) Scaled Net Operating Assets: 0.60 (As of Feb. 2026)

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TSE:3479 TKP Corp TSE:3479
65 GF Score
Price 円1,772.00
GF Value 円5,106.43
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is TKP Scaled Net Operating Assets?

TKP TSE:3479 -2.96% 65 Scaled Net Operating Assets is 0.60 as of Feb. 2026. GuruFocus rates TSE:3479 with a GF Score™ of 65/100 and a GF Value™ of 円5,106.43 (Possible Value Trap). 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.

TKP's operating assets for the quarter that ended in Feb. 2026 was 円125,282 Mil. TKP's operating liabilities for the quarter that ended in Feb. 2026 was 円34,614 Mil. TKP's Total Assets for the quarter that ended in Nov. 2025 was 円151,284 Mil. Therefore, TKP's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.60.


TKP Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for TKP'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.

TKP Scaled Net Operating Assets Chart

TKP Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.68 0.29 0.57 1.03 0.75

TKP Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.71 0.68 0.74 0.60 0.60

TSE:3479 vs CBRE, BEKE, JLL: Scaled Net Operating Assets Comparison

For the Real Estate Services subindustry, TKP'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.


TKP Scaled Net Operating Assets vs Real Estate Industry

For the Real Estate industry and Real Estate sector, TKP's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:3479
65GF Score
TKP Corp TSE:3479
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TKP 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.

TKP's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Feb. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Feb. 2026 )
=(Operating Assets (A: Feb. 2026 )-Operating Liabilities (A: Feb. 2026 ))/Total Assets (A: Feb. 2025 )
=(125282-34614)/121394
=0.75

where

Operating Assets(A: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=170851 - 45569
=125282

Operating Liabilities(A: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=113543 - 62550 - 16379
=34614

TKP'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: Nov. 2025 )
=(125282-34614)/151284
=0.60

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=170851 - 45569
=125282

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=113543 - 62550 - 16379
=34614

* 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 0.60 mean?
TKP (TSE:3479) has a Scaled Net Operating Assets of 0.60 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 TKP and its competitors.
Is TKP's Scaled Net Operating Assets too high?
TKP's current Scaled Net Operating Assets is 0.60. Overall, TKP has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TKP's Scaled Net Operating Assets compare to CBRE and BEKE?
TKP's Scaled Net Operating Assets of 0.60 can be compared against companies in the Real Estate 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 Real Estate company?
A good Scaled Net Operating Assets depends on the Real Estate 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 TKP and its competitors. TKP's current Scaled Net Operating Assets is 0.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TKP stock overvalued right now?
Based on GuruFocus' analysis, TKP (TSE:3479) is currently considered Possible Value Trap. The stock's GF Value™ is 円5,106.43, compared to a current price of 円1,772.00 — trading 65.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.60. TKP's overall GF Score™ is 65/100 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 TKP (TSE:3479), the current Scaled Net Operating Assets is 0.60 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.

Is TKP (TSE:3479) Overvalued in 2026?

Based on GuruFocus' analysis, TKP stock appears to be undervalued. The current stock price of 円1,772.00 is trading 65.3% below its estimated GF Value™ of 円5,106.43. GuruFocus considers TKP to be Possible Value Trap.

Key valuation signals for TSE:3479:

  • Scaled Net Operating Assets: 0.60
  • GF Value™: 円5,106.43 vs. price of 円1,772.00 (65.3% below fair value)
  • GF Score™: 65/100 with 3 warning signs

No single metric tells the full story. See the TSE:3479 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TKP Business Description

Address 8, Ichigaya Hachiman-cho, TKP Ichigaya Building 2nd Floor, Shinjuku-ku, Tokyo, JPN, 162-0844
TKP Corp is a Japan-based real estate company. It offers conference rooms & banquet halls on a rental basis. The company is also intended to provide in-house production of services associated with conferences, such as food and beverage catering, hotels and resorts, & call centers, among other services. The group operates in three segments: The Space Regeneration & Distribution Business includes flexible offices, hotels & accommodation/training facilities, food & beverage/banquets, & event production. The Lilycolor business consists of three areas: interior business, space solutions business, & real estate investment & development business. The Novarese Escri Business consists of three areas: bridal services, restaurant-focused services, & construction- & real estate-related services.
65GF Score

Get the complete analysis for TSE:3479

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

円1,772.00
Price
円5,106.43
GF Value