Drecom Co (TSE:3793) Scaled Net Operating Assets: 0.19 (As of Mar. 2026)


TSE:3793 Drecom Co Ltd TSE:3793
72 GF Score
Price 円419.00
GF Value 円1,084.99
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Drecom Co Scaled Net Operating Assets?

Drecom Co TSE:3793 +0.48% 72 Scaled Net Operating Assets is 0.19 as of Mar. 2026. GuruFocus rates TSE:3793 with a GF Score™ of 72/100 and a GF Value™ of 円1,084.99 (Significantly Undervalued). The stock has 5 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.

Drecom Co's operating assets for the quarter that ended in Mar. 2026 was 円5,501 Mil. Drecom Co's operating liabilities for the quarter that ended in Mar. 2026 was 円3,713 Mil. Drecom Co's Total Assets for the quarter that ended in Dec. 2025 was 円9,611 Mil. Therefore, Drecom Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.19.


Drecom Co Scaled Net Operating Assets Historical Data

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The historical data trend for Drecom 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.

Drecom Co Scaled Net Operating Assets Chart

Drecom 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 0.29 0.36 0.51 0.39 0.13

Drecom Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 0.41 0.25 0.26 0.37 0.19

TSE:3793 vs NTES, EA, TTWO: Scaled Net Operating Assets Comparison

For the Electronic Gaming & Multimedia subindustry, Drecom 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.


Drecom Co Scaled Net Operating Assets vs Interactive Media Industry

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

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


TSE:3793
72GF Score
Drecom Co Ltd TSE:3793
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Drecom 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.

Drecom 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 )
=(5500.769-3712.79)/13506.236
=0.13

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=11876.052 - 6375.283
=5500.769

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6832.751 - 522 - 2597.961
=3712.79

Drecom 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: Dec. 2025 )
=(5500.769-3712.79)/9610.608
=0.19

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=11876.052 - 6375.283
=5500.769

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6832.751 - 522 - 2597.961
=3712.79

* 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 0.19 mean?
Drecom Co (TSE:3793) has a Scaled Net Operating Assets of 0.19 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 Drecom Co and its competitors.
Is Drecom Co's Scaled Net Operating Assets too high?
Drecom Co's current Scaled Net Operating Assets is 0.19. Overall, Drecom Co has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Drecom Co's Scaled Net Operating Assets compare to NTES and EA?
Drecom Co's Scaled Net Operating Assets of 0.19 can be compared against companies in the Interactive Media 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 an Interactive Media company?
A good Scaled Net Operating Assets depends on the Interactive Media 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 Drecom Co and its competitors. Drecom Co's current Scaled Net Operating Assets is 0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Drecom Co stock overvalued right now?
Based on GuruFocus' analysis, Drecom Co (TSE:3793) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,084.99, compared to a current price of 円419.00 — trading 61.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.19. Drecom Co's overall GF Score™ is 72/100 with 5 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 Drecom Co (TSE:3793), the current Scaled Net Operating Assets is 0.19 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 Drecom Co (TSE:3793) Overvalued in 2026?

Based on GuruFocus' analysis, Drecom Co stock appears to be undervalued. The current stock price of 円419.00 is trading 61.4% below its estimated GF Value™ of 円1,084.99. GuruFocus considers Drecom Co to be Significantly Undervalued.

Key valuation signals for TSE:3793:

  • Scaled Net Operating Assets: 0.19
  • GF Value™: 円1,084.99 vs. price of 円419.00 (61.4% below fair value)
  • GF Score™: 72/100 with 5 warning signs

No single metric tells the full story. See the TSE:3793 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Drecom Co Business Description

Address ARCO Tower 17F, 8-1 1-chome, Meguro-ku, Tokyo, JPN, 153-0064
Drecom Co Ltd is engaged in the entertainment web and marketing solution businesses. The Entertainment Web segment plans and develops entertainment contents whereas Marketing Solution segment develops corporate marketing services through Internet.
72GF Score

Get the complete analysis for TSE:3793

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

円419.00
Price
円1,084.99
GF Value