Tomoegawa (TSE:3878) Scaled Net Operating Assets: 0.68 (As of Mar. 2026)


TSE:3878 Tomoegawa Corp TSE:3878
63 GF Score
Price 円766.00
GF Value 円819.21
Valuation Fairly Valued
! 4 Warning Signs
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What is Tomoegawa Scaled Net Operating Assets?

Tomoegawa TSE:3878 -2.17% 63 Scaled Net Operating Assets is 0.68 as of Mar. 2026. GuruFocus rates TSE:3878 with a GF Score™ of 63/100 and a GF Value™ of 円819.21 (Fairly Valued). 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.

Tomoegawa's operating assets for the quarter that ended in Mar. 2026 was 円45,837 Mil. Tomoegawa's operating liabilities for the quarter that ended in Mar. 2026 was 円13,311 Mil. Tomoegawa's Total Assets for the quarter that ended in Sep. 2025 was 円48,057 Mil. Therefore, Tomoegawa's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.68.


Tomoegawa Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Tomoegawa'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.

Tomoegawa Scaled Net Operating Assets Chart

Tomoegawa 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 0.62 0.61 0.62 0.63 0.71

Tomoegawa Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.60 0.61 0.64 0.64 0.68

Tomoegawa Scaled Net Operating Assets Competitor Comparison

For the Paper & Paper Products subindustry, Tomoegawa'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.


Tomoegawa Scaled Net Operating Assets vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Tomoegawa's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:3878
63GF Score
Tomoegawa Corp TSE:3878
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Tomoegawa 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.

Tomoegawa'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 )
=(45837-13311)/46087
=0.71

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=50941 - 5104
=45837

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=28449 - 3979 - 11159
=13311

Tomoegawa'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: Sep. 2025 )
=(45837-13311)/48057
=0.68

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=50941 - 5104
=45837

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=28449 - 3979 - 11159
=13311

* 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 0.68 mean?
Tomoegawa (TSE:3878) has a Scaled Net Operating Assets of 0.68 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 Tomoegawa and its competitors.
Is Tomoegawa's Scaled Net Operating Assets too high?
Tomoegawa's current Scaled Net Operating Assets is 0.68. Overall, Tomoegawa has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tomoegawa's Scaled Net Operating Assets compare to competitors?
Tomoegawa's Scaled Net Operating Assets of 0.68 can be compared against companies in the Forest Products 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 Forest Products company?
A good Scaled Net Operating Assets depends on the Forest Products 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 Tomoegawa and its competitors. Tomoegawa's current Scaled Net Operating Assets is 0.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tomoegawa stock overvalued right now?
Based on GuruFocus' analysis, Tomoegawa (TSE:3878) is currently considered Fairly Valued. The stock's GF Value™ is 円819.21, compared to a current price of 円766.00 — trading 6.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.68. Tomoegawa's overall GF Score™ is 63/100 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 Tomoegawa (TSE:3878), the current Scaled Net Operating Assets is 0.68 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 Tomoegawa (TSE:3878) Overvalued in 2026?

Based on GuruFocus' analysis, Tomoegawa stock appears to be undervalued. The current stock price of 円766.00 is trading 6.5% below its estimated GF Value™ of 円819.21. GuruFocus considers Tomoegawa to be Fairly Valued.

Key valuation signals for TSE:3878:

  • Scaled Net Operating Assets: 0.68
  • GF Value™: 円819.21 vs. price of 円766.00 (6.5% below fair value)
  • GF Score™: 63/100 with 4 warning signs

No single metric tells the full story. See the TSE:3878 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tomoegawa Business Description

Address 2-1-3 Kyobashi, 7th Floor, KYOBASHI Trust Tower, Chuo-ku, Tokyo, JPN, 104-8335
Tomoegawa Corp manufactures, processes, and sells electronics parts, display parts, fine particles, functional sheets, and specialty paper products. It offers clear hard coat films for screen protection of mobile devices; adhesive tapes for circuit boards; and lids for hermetic seal package, as well as electrostatic chuck for LSI and LCD manufacturing process. The company also provides display component materials; and display film products. It offers fine particle materials, such as magnetic toners, non-magnetic toners, full color toners; information printing materials comprising inkjet; and special fiber sheets, including stainless fiber sheets, fluorine fiber sheets. Further, it provides ultra-lightweight printing papers; and insulating papers, conductive papers, absorbing papers.
63GF Score

Get the complete analysis for TSE:3878

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

円766.00
Price
円819.21
GF Value