CyberStep Holdings (TSE:3810) Scaled Net Operating Assets: 2.23 (As of Nov. 2025)

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TSE:3810 CyberStep Holdings Inc TSE:3810
47 GF Score
Price 円165.00
GF Value 円122.70
Valuation Significantly Overvalued
! 5 Warning Signs
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What is CyberStep Holdings Scaled Net Operating Assets?

CyberStep Holdings TSE:3810 -1.20% 47 Scaled Net Operating Assets is 2.23 as of Nov. 2025. GuruFocus rates TSE:3810 with a GF Score™ of 47/100 and a GF Value™ of 円122.70 (Significantly Overvalued). 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.

CyberStep Holdings's operating assets for the quarter that ended in Nov. 2025 was 円4,261 Mil. CyberStep Holdings's operating liabilities for the quarter that ended in Nov. 2025 was 円399 Mil. CyberStep Holdings's Total Assets for the quarter that ended in Aug. 2025 was 円1,731 Mil. Therefore, CyberStep Holdings's scaled net operating assets (SNOA) for the quarter that ended in Nov. 2025 was 2.23.


CyberStep Holdings Scaled Net Operating Assets Historical Data

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The historical data trend for CyberStep Holdings'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.

CyberStep Holdings Scaled Net Operating Assets Chart

CyberStep Holdings Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.22 0.13 0.17 0.14 0.22

CyberStep Holdings Quarterly Data
Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Nov24 May25 Aug25 Nov25 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 0.39 0.23 0.36 2.23 0.40

TSE:3810 vs NTES, EA, TTWO: Scaled Net Operating Assets Comparison

For the Electronic Gaming & Multimedia subindustry, CyberStep Holdings'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.


CyberStep Holdings Scaled Net Operating Assets vs Interactive Media Industry

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

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


TSE:3810
47GF Score
CyberStep Holdings Inc TSE:3810
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CyberStep Holdings 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.

CyberStep Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in May. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: May. 2025 )
=(Operating Assets (A: May. 2025 )-Operating Liabilities (A: May. 2025 ))/Total Assets (A: May. 2024 )
=(865-412)/2045
=0.22

where

Operating Assets(A: May. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1077 - 212
=865

CyberStep Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Nov. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Nov. 2025 )
=(Operating Assets (Q: Nov. 2025 )-Operating Liabilities (Q: Nov. 2025 ))/Total Assets (Q: Aug. 2025 )
=(4261-399)/1731
=2.23

where

Operating Assets(Q: Nov. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6288 - 2027
=4261

* 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 2.23 mean?
CyberStep Holdings (TSE:3810) has a Scaled Net Operating Assets of 2.23 as of Nov. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on CyberStep Holdings and its competitors.
Is CyberStep Holdings' Scaled Net Operating Assets too high?
CyberStep Holdings' current Scaled Net Operating Assets is 2.23. Overall, CyberStep Holdings has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CyberStep Holdings' Scaled Net Operating Assets compare to NTES and EA?
CyberStep Holdings' Scaled Net Operating Assets of 2.23 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 CyberStep Holdings and its competitors. CyberStep Holdings's current Scaled Net Operating Assets is 2.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CyberStep Holdings stock overvalued right now?
Based on GuruFocus' analysis, CyberStep Holdings (TSE:3810) is currently considered Significantly Overvalued. The stock's GF Value™ is 円122.70, compared to a current price of 円165.00 — trading 34.5% above its estimated fair value. The current Scaled Net Operating Assets is 2.23. CyberStep Holdings' overall GF Score™ is 47/100 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 CyberStep Holdings (TSE:3810), the current Scaled Net Operating Assets is 2.23 as of Nov. 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 CyberStep Holdings (TSE:3810) Overvalued in 2026?

Based on GuruFocus' analysis, CyberStep Holdings stock appears to be overvalued. The current stock price of 円165.00 is trading 34.5% above its estimated GF Value™ of 円122.70. GuruFocus considers CyberStep Holdings to be Significantly Overvalued.

Key valuation signals for TSE:3810:

  • Scaled Net Operating Assets: 2.23
  • GF Value™: 円122.70 vs. price of 円165.00 (34.5% above fair value)
  • GF Score™: 47/100 with 5 warning signs

No single metric tells the full story. See the TSE:3810 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CyberStep Holdings Business Description

Address 4th Floor, Asahi Life Daitabashi Building, 1-22-19 Izumi, Suginami-ku, Tokyo, JPN, 168-0063
CyberStep Holdings Inc is into the development of network entertainment software. The company specializes in research and development of distributed network libraries and 3D graphic engines. Its business activities also focus on Licensing and operation of online game services.
47GF Score

Get the complete analysis for TSE:3810

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

円165.00
Price
円122.70
GF Value