MarkLines Co (TSE:3901) Scaled Net Operating Assets: 0.32 (As of Dec. 2025)


TSE:3901 MarkLines Co Ltd TSE:3901
78 GF Score
Price 円1,370.00
GF Value 円3,304.12
Valuation Significantly Undervalued
! 3 Warning Signs
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What is MarkLines Co Scaled Net Operating Assets?

MarkLines Co TSE:3901 -0.29% 78 Scaled Net Operating Assets is 0.32 as of Dec. 2025. GuruFocus rates TSE:3901 with a GF Score™ of 78/100 and a GF Value™ of 円3,304.12 (Significantly Undervalued). The stock has 3 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.

MarkLines Co's operating assets for the quarter that ended in Dec. 2025 was 円5,007 Mil. MarkLines Co's operating liabilities for the quarter that ended in Dec. 2025 was 円2,234 Mil. MarkLines Co's Total Assets for the quarter that ended in Sep. 2025 was 円8,534 Mil. Therefore, MarkLines Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.32.

MarkLines Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for MarkLines 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.

MarkLines Co Scaled Net Operating Assets Chart

MarkLines Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.09 -0.06 -0.00 0.07 0.32

MarkLines Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 0.09 0.30 0.31 0.33 0.31

TSE:3901 vs GOOGL, META, SPOT: Scaled Net Operating Assets Comparison

For the Internet Content & Information subindustry, MarkLines 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.

MarkLines Co Scaled Net Operating Assets vs Interactive Media Industry

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

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


TSE:3901
78GF Score
MarkLines Co Ltd TSE:3901
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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MarkLines 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.

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

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(5006.618-2234.3)/8753.47
=0.32

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=8808.981 - 3802.363
=5006.618

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2234.3 - 0 - 0
=2234.3

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

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Sep. 2025 )
=(5006.618-2234.3)/8534.343
=0.32

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=8808.981 - 3802.363
=5006.618

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2234.3 - 0 - 0
=2234.3

* 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 0.32 mean?
MarkLines Co (TSE:3901) has a Scaled Net Operating Assets of 0.32 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on MarkLines Co and its competitors.
Is MarkLines Co's Scaled Net Operating Assets too high?
MarkLines Co's current Scaled Net Operating Assets is 0.32. Overall, MarkLines Co has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MarkLines Co's Scaled Net Operating Assets compare to GOOGL and META?
MarkLines Co's Scaled Net Operating Assets of 0.32 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 MarkLines Co and its competitors. MarkLines Co's current Scaled Net Operating Assets is 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MarkLines Co stock overvalued right now?
Based on GuruFocus' analysis, MarkLines Co (TSE:3901) is currently considered Significantly Undervalued. The stock's GF Value™ is 円3,304.12, compared to a current price of 円1,370.00 — trading 58.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.32. MarkLines Co's overall GF Score™ is 78/100 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 MarkLines Co (TSE:3901), the current Scaled Net Operating Assets is 0.32 as of Dec. 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 MarkLines Co (TSE:3901) Overvalued in 2026?

Based on GuruFocus' analysis, MarkLines Co stock appears to be undervalued. The current stock price of 円1,370.00 is trading 58.5% below its estimated GF Value™ of 円3,304.12. GuruFocus considers MarkLines Co to be Significantly Undervalued.

Key valuation signals for TSE:3901:

  • Scaled Net Operating Assets: 0.32
  • GF Value™: 円3,304.12 vs. price of 円1,370.00 (58.5% below fair value)
  • GF Score™: 78/100 with 3 warning signs

No single metric tells the full story. See the TSE:3901 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

MarkLines Co Business Description

Address 2-11-1 Nagatacho, 14th Floor, Sanno Park Tower, Chiyoda-ku, Tokyo, JPN, 100-6114
MarkLines Co Ltd engages in the provision of an automotive industrial portal. The company's Information Platform offers online information services, including information about suppliers, such as who supplies whom, plant data, and market trends; sales and production statistics; reports on technology and market trends; and model plan data comprising forecasts. It also provides B2B promotional support and advertisement services that include promotional emails and banner ads under the LINES name to its Information Platform members. The company serves OEMs, parts suppliers, and material suppliers.
78GF Score

Get the complete analysis for TSE:3901

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

円1,370.00
Price
円3,304.12
GF Value