Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
TSI Holdings Co's operating assets for the quarter that ended in Feb. 2026 was 円145,726 Mil. TSI Holdings Co's operating liabilities for the quarter that ended in Feb. 2026 was 円30,070 Mil. TSI Holdings Co's Total Assets for the quarter that ended in Nov. 2025 was 円174,099 Mil. Therefore, TSI Holdings Co's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.66.
TSI Holdings Co Scaled Net Operating Assets Related Terms
TSI Holdings Co Scaled Net Operating Assets Historical Data
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The historical data trend for TSI 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.
TSE:3608 vs RL, LEVI, VFC: Scaled Net Operating Assets Comparison
For the Apparel Manufacturing subindustry, TSI 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.
TSI Holdings Co Scaled Net Operating Assets vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, TSI Holdings Co's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where TSI Holdings Co's Scaled Net Operating Assets falls into.
* 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 0.66 mean?
TSI Holdings Co (TSE:3608) has a Scaled Net Operating Assets of 0.66 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 TSI Holdings Co and its competitors.
Is TSI Holdings Co's Scaled Net Operating Assets too high?
TSI Holdings Co's current Scaled Net Operating Assets is 0.66. Overall, TSI Holdings Co has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TSI Holdings Co's Scaled Net Operating Assets compare to RL and LEVI?
TSI Holdings Co's Scaled Net Operating Assets of 0.66 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Scaled Net Operating Assets depends on the Manufacturing - Apparel & Accessories 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 TSI Holdings Co and its competitors. TSI Holdings Co's current Scaled Net Operating Assets is 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSI Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, TSI Holdings Co (TSE:3608) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,313.80, compared to a current price of 円1,178.00 — trading 10.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.66. TSI Holdings Co's overall GF Score™ is 83/100 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 TSI Holdings Co (TSE:3608), the current Scaled Net Operating Assets is 0.66 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 TSI Holdings Co (TSE:3608) Overvalued in 2026?
Based on GuruFocus' analysis, TSI Holdings Co stock appears to be undervalued.
The current stock price of 円1,178.00 is trading 10.3% below its estimated GF Value™ of 円1,313.80.
GuruFocus considers TSI Holdings Co to be Modestly Undervalued.
Key valuation signals for TSE:3608:
Scaled Net Operating Assets: 0.66
GF Value™: 円1,313.80 vs. price of 円1,178.00 (10.3% below fair value)
No single metric tells the full story. See the TSE:3608 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TSI Holdings Co Ltd is an apparel manufacturer that owns and licenses dozens of brands that it sells through department stores, other retail stores and shopping centers, and e-commerce channels. The majority of the company's sales are in Japan, with the remainder coming from China and other parts of Asia. TSI's highest-selling brands, which collectively account for more than half of the company's total revenue, include nano, Natural Beauty Basic, Margaret Howell, Pearly Gates, Rose Bud, Stussy, Proportion Body Dressing, Free's Mart, Human Woman, and Callaway Apparel.
83GF Score
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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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