Thermae-Yu Holdings Co (TSE:3521) Scaled Net Operating Assets: 0.68 (As of Mar. 2026)

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TSE:3521 Thermae-Yu Holdings Co Ltd TSE:3521
60 GF Score
Price 円153.00
GF Value 円224.06
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Thermae-Yu Holdings Co Scaled Net Operating Assets?

Thermae-Yu Holdings Co TSE:3521 60 Scaled Net Operating Assets is 0.68 as of Mar. 2026. GuruFocus rates TSE:3521 with a GF Score™ of 60/100 and a GF Value™ of 円224.06 (Significantly Undervalued). The stock has 2 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.

Thermae-Yu Holdings Co's operating assets for the quarter that ended in Mar. 2026 was 円4,700 Mil. Thermae-Yu Holdings Co's operating liabilities for the quarter that ended in Mar. 2026 was 円627 Mil. Thermae-Yu Holdings Co's Total Assets for the quarter that ended in Sep. 2025 was 円5,969 Mil. Therefore, Thermae-Yu Holdings Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.68.


Thermae-Yu Holdings Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Thermae-Yu Holdings 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.

Thermae-Yu Holdings Co Scaled Net Operating Assets Chart

Thermae-Yu Holdings 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 0.69 0.75 0.70 0.67 0.67

Thermae-Yu Holdings 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 0.72 0.70 0.68 0.70 0.68

TSE:3521 vs CBRE, BEKE, JLL: Scaled Net Operating Assets Comparison

For the Real Estate Services subindustry, Thermae-Yu Holdings 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.


Thermae-Yu Holdings Co Scaled Net Operating Assets vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Thermae-Yu Holdings Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Thermae-Yu Holdings Co's Scaled Net Operating Assets falls into.


TSE:3521
60GF Score
Thermae-Yu Holdings Co Ltd TSE:3521
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Thermae-Yu Holdings 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.

Thermae-Yu Holdings 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 )
=(4699.633-627.184)/6090.738
=0.67

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6000.217 - 1300.584
=4699.633

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1032.456 - 245.34 - 159.932
=627.184

Thermae-Yu Holdings 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 )
=(4699.633-627.184)/5969.345
=0.68

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6000.217 - 1300.584
=4699.633

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1032.456 - 245.34 - 159.932
=627.184

* 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 0.68 mean?
Thermae-Yu Holdings Co (TSE:3521) has a Scaled Net Operating Assets of 0.68 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 Thermae-Yu Holdings Co and its competitors.
Is Thermae-Yu Holdings Co's Scaled Net Operating Assets too high?
Thermae-Yu Holdings Co's current Scaled Net Operating Assets is 0.68. Overall, Thermae-Yu Holdings Co has a GF Score™ of 60/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thermae-Yu Holdings Co's Scaled Net Operating Assets compare to CBRE and BEKE?
Thermae-Yu Holdings Co's Scaled Net Operating Assets of 0.68 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 Thermae-Yu Holdings Co and its competitors. Thermae-Yu Holdings Co's current Scaled Net Operating Assets is 0.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thermae-Yu Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Thermae-Yu Holdings Co (TSE:3521) is currently considered Significantly Undervalued. The stock's GF Value™ is 円224.06, compared to a current price of 円153.00 — trading 31.7% below its estimated fair value. The current Scaled Net Operating Assets is 0.68. Thermae-Yu Holdings Co's overall GF Score™ is 60/100 with 2 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 Thermae-Yu Holdings Co (TSE:3521), the current Scaled Net Operating Assets is 0.68 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 Thermae-Yu Holdings Co (TSE:3521) Overvalued in 2026?

Based on GuruFocus' analysis, Thermae-Yu Holdings Co stock appears to be undervalued. The current stock price of 円153.00 is trading 31.7% below its estimated GF Value™ of 円224.06. GuruFocus considers Thermae-Yu Holdings Co to be Significantly Undervalued.

Key valuation signals for TSE:3521:

  • Scaled Net Operating Assets: 0.68
  • GF Value™: 円224.06 vs. price of 円153.00 (31.7% below fair value)
  • GF Score™: 60/100 with 2 warning signs

No single metric tells the full story. See the TSE:3521 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Thermae-Yu Holdings Co Business Description

Address No. 7 - 8 - 4, Minami Aoyama, Minato-ku, Tokyo, JPN, 107-0062
Thermae-Yu Holdings Co Ltd is engaged in the maintenance and guidance of business activities of group companies through ownership of real estate business and textile business and stocks.
60GF Score

Get the complete analysis for TSE:3521

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

円153.00
Price
円224.06
GF Value