AXAS Holdings Co (TSE:3536) Scaled Net Operating Assets: 0.86 (As of Feb. 2026)

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TSE:3536 AXAS Holdings Co Ltd TSE:3536
55 GF Score
Price 円129.00
GF Value 円140.85
Valuation Fairly Valued
! 7 Warning Signs
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What is AXAS Holdings Co Scaled Net Operating Assets?

AXAS Holdings Co TSE:3536 -0.77% 55 Scaled Net Operating Assets is 0.86 as of Feb. 2026. GuruFocus rates TSE:3536 with a GF Score™ of 55/100 and a GF Value™ of 円140.85 (Fairly Valued). The stock has 7 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.

AXAS Holdings Co's operating assets for the quarter that ended in Feb. 2026 was 円15,185 Mil. AXAS Holdings Co's operating liabilities for the quarter that ended in Feb. 2026 was 円1,732 Mil. AXAS Holdings Co's Total Assets for the quarter that ended in Aug. 2025 was 円15,683 Mil. Therefore, AXAS Holdings Co's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.86.


AXAS Holdings Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for AXAS 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.

AXAS Holdings Co Scaled Net Operating Assets Chart

AXAS Holdings Co Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.75 0.81 0.74 0.78 0.81

AXAS Holdings Co Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 0.84 0.78 0.93 0.76 0.86

TSE:3536 vs PG, CL, KVUE: Scaled Net Operating Assets Comparison

For the Household & Personal Products subindustry, AXAS 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.


AXAS Holdings Co Scaled Net Operating Assets vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, AXAS Holdings Co's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:3536
55GF Score
AXAS Holdings Co Ltd TSE:3536
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AXAS 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.

AXAS Holdings Co'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 )
=(14882.568-1403.986)/16607.225
=0.81

where

Operating Assets(A: Aug. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=15683.435 - 800.867
=14882.568

Operating Liabilities(A: Aug. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=13485.29 - 3243.41 - 8837.894
=1403.986

AXAS Holdings Co'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 )
=(15184.523-1732.452)/15683.435
=0.86

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=16175.99 - 991.467
=15184.523

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=13993.057 - 3085.14 - 9175.465
=1732.452

* 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 0.86 mean?
AXAS Holdings Co (TSE:3536) has a Scaled Net Operating Assets of 0.86 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 AXAS Holdings Co and its competitors.
Is AXAS Holdings Co's Scaled Net Operating Assets too high?
AXAS Holdings Co's current Scaled Net Operating Assets is 0.86. Overall, AXAS Holdings Co has a GF Score™ of 55/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does AXAS Holdings Co's Scaled Net Operating Assets compare to PG and CL?
AXAS Holdings Co's Scaled Net Operating Assets of 0.86 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Scaled Net Operating Assets depends on the Consumer Packaged Goods 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 AXAS Holdings Co and its competitors. AXAS Holdings Co's current Scaled Net Operating Assets is 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AXAS Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, AXAS Holdings Co (TSE:3536) is currently considered Fairly Valued. The stock's GF Value™ is 円140.85, compared to a current price of 円129.00 — trading 8.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.86. AXAS Holdings Co's overall GF Score™ is 55/100 with 7 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 AXAS Holdings Co (TSE:3536), the current Scaled Net Operating Assets is 0.86 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 AXAS Holdings Co (TSE:3536) Overvalued in 2026?

Based on GuruFocus' analysis, AXAS Holdings Co stock appears to be undervalued. The current stock price of 円129.00 is trading 8.4% below its estimated GF Value™ of 円140.85. GuruFocus considers AXAS Holdings Co to be Fairly Valued.

Key valuation signals for TSE:3536:

  • Scaled Net Operating Assets: 0.86
  • GF Value™: 円140.85 vs. price of 円129.00 (8.4% below fair value)
  • GF Score™: 55/100 with 7 warning signs

No single metric tells the full story. See the TSE:3536 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AXAS Holdings Co Business Description

Address 4-2 YAMASHIRONISHI, Tokushima, JPN, 770-8054
AXAS Holdings Co Ltd is engaged in the distribution of household and personal products. The products offered by the company include cosmetics, household goods, sports gear, alcoholic beverages, and pharmaceuticals sales. The company is also engaged in the import and export business of cosmetics and alcoholic beverages.
55GF Score

Get the complete analysis for TSE:3536

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

円129.00
Price
円140.85
GF Value