Papyless Co (TSE:3641) Scaled Net Operating Assets: -0.13 (As of Sep. 2025)

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TSE:3641 Papyless Co Ltd TSE:3641
66 GF Score
Price 円959.00
GF Value 円805.67
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Papyless Co Scaled Net Operating Assets?

Papyless Co TSE:3641 +1.80% 66 Scaled Net Operating Assets is -0.13 as of Sep. 2025. GuruFocus rates TSE:3641 with a GF Score™ of 66/100 and a GF Value™ of 円805.67 (Modestly Overvalued). The stock has 4 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.

Papyless Co's operating assets for the quarter that ended in Sep. 2025 was 円2,548 Mil. Papyless Co's operating liabilities for the quarter that ended in Sep. 2025 was 円4,145 Mil. Papyless Co's Total Assets for the quarter that ended in Mar. 2025 was 円12,732 Mil. Therefore, Papyless Co's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2025 was -0.13.


Papyless Co Scaled Net Operating Assets Historical Data

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The historical data trend for Papyless 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.

Papyless Co Scaled Net Operating Assets Chart

Papyless Co Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.21 -0.13 -0.06 -0.12 -0.07

Papyless Co Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 -0.09 -0.11 -0.12 -0.07 -0.13

TSE:3641 vs NYT, WLY: Scaled Net Operating Assets Comparison

For the Publishing subindustry, Papyless 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.


Papyless Co Scaled Net Operating Assets vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Papyless Co's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:3641
66GF Score
Papyless Co Ltd TSE:3641
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Papyless 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.

Papyless Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2025 )
=(Operating Assets (A: Mar. 2025 )-Operating Liabilities (A: Mar. 2025 ))/Total Assets (A: Mar. 2024 )
=(2651-3705)/14532
=-0.07

where

Operating Assets(A: Mar. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=12732 - 10081
=2651

Papyless Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2025 )
=(Operating Assets (Q: Sep. 2025 )-Operating Liabilities (Q: Sep. 2025 ))/Total Assets (Q: Mar. 2025 )
=(2548-4145)/12732
=-0.13

where

Operating Assets(Q: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=13217 - 10669
=2548

* 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 -0.13 mean?
Papyless Co (TSE:3641) has a Scaled Net Operating Assets of -0.13 as of Sep. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Papyless Co and its competitors.
Is Papyless Co's Scaled Net Operating Assets too high?
Papyless Co's current Scaled Net Operating Assets is -0.13. Overall, Papyless Co has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Papyless Co's Scaled Net Operating Assets compare to NYT and WLY?
Papyless Co's Scaled Net Operating Assets of -0.13 can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good Scaled Net Operating Assets depends on the Media - Diversified 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 Papyless Co and its competitors. Papyless Co's current Scaled Net Operating Assets is -0.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Papyless Co stock overvalued right now?
Based on GuruFocus' analysis, Papyless Co (TSE:3641) is currently considered Modestly Overvalued. The stock's GF Value™ is 円805.67, compared to a current price of 円959.00 — trading 19% above its estimated fair value. The current Scaled Net Operating Assets is -0.13. Papyless Co's overall GF Score™ is 66/100 with 4 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 Papyless Co (TSE:3641), the current Scaled Net Operating Assets is -0.13 as of Sep. 2025. 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 Papyless Co (TSE:3641) Overvalued in 2026?

Based on GuruFocus' analysis, Papyless Co stock appears to be overvalued. The current stock price of 円959.00 is trading 19% above its estimated GF Value™ of 円805.67. GuruFocus considers Papyless Co to be Modestly Overvalued.

Key valuation signals for TSE:3641:

  • Scaled Net Operating Assets: -0.13
  • GF Value™: 円805.67 vs. price of 円959.00 (19% above fair value)
  • GF Score™: 66/100 with 4 warning signs

No single metric tells the full story. See the TSE:3641 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Papyless Co Business Description

Address 3-12 Kioicho, Chiyoda-ku, Tokyo, JPN
Papyless Co Ltd is a Japan-based company engaged in the sale, rental, and distribution of electronic books (E-books). It offers novel and non-fiction, practical books, photo books, comics, magazines, business and education, audio and picture novels, cartoons, and adult books, as well as photo album books.
66GF Score

Get the complete analysis for TSE:3641

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

円959.00
Price
円805.67
GF Value