Mynet (TSE:3928) Scaled Net Operating Assets: 0.28 (As of Dec. 2025)


TSE:3928 Mynet Inc TSE:3928
56 GF Score
Price 円236.00
GF Value 円224.00
Valuation Fairly Valued
! 3 Warning Signs
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What is Mynet Scaled Net Operating Assets?

Mynet TSE:3928 -0.42% 56 Scaled Net Operating Assets is 0.28 as of Dec. 2025. GuruFocus rates TSE:3928 with a GF Score™ of 56/100 and a GF Value™ of 円224.00 (Fairly Valued). 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.

Mynet's operating assets for the quarter that ended in Dec. 2025 was 円2,316 Mil. Mynet's operating liabilities for the quarter that ended in Dec. 2025 was 円1,021 Mil. Mynet's Total Assets for the quarter that ended in Jun. 2025 was 円4,692 Mil. Therefore, Mynet's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.28.


Mynet Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Mynet'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.

Mynet Scaled Net Operating Assets Chart

Mynet 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 0.24 0.19 0.27 0.41 0.27

Mynet Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 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 0.33 0.34 0.30 0.28 0.27

TSE:3928 vs NTES, EA, TTWO: Scaled Net Operating Assets Comparison

For the Electronic Gaming & Multimedia subindustry, Mynet'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.


Mynet Scaled Net Operating Assets vs Interactive Media Industry

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

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


TSE:3928
56GF Score
Mynet Inc TSE:3928
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Mynet 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.

Mynet'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 )
=(2315.894-1020.6)/4840.352
=0.27

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4688.878 - 2372.984
=2315.894

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3167.718 - 1098.126 - 1048.992
=1020.6

Mynet'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: Jun. 2025 )
=(2315.894-1020.6)/4691.615
=0.28

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4688.878 - 2372.984
=2315.894

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3167.718 - 1098.126 - 1048.992
=1020.6

* 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 0.28 mean?
Mynet (TSE:3928) has a Scaled Net Operating Assets of 0.28 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 Mynet and its competitors.
Is Mynet's Scaled Net Operating Assets too high?
Mynet's current Scaled Net Operating Assets is 0.28. Overall, Mynet has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mynet's Scaled Net Operating Assets compare to NTES and EA?
Mynet's Scaled Net Operating Assets of 0.28 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 Mynet and its competitors. Mynet's current Scaled Net Operating Assets is 0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mynet stock overvalued right now?
Based on GuruFocus' analysis, Mynet (TSE:3928) is currently considered Fairly Valued. The stock's GF Value™ is 円224.00, compared to a current price of 円236.00 — trading 5.4% above its estimated fair value. The current Scaled Net Operating Assets is 0.28. Mynet's overall GF Score™ is 56/100 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 Mynet (TSE:3928), the current Scaled Net Operating Assets is 0.28 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 Mynet (TSE:3928) Overvalued in 2026?

Based on GuruFocus' analysis, Mynet stock appears to be overvalued. The current stock price of 円236.00 is trading 5.4% above its estimated GF Value™ of 円224.00. GuruFocus considers Mynet to be Fairly Valued.

Key valuation signals for TSE:3928:

  • Scaled Net Operating Assets: 0.28
  • GF Value™: 円224.00 vs. price of 円236.00 (5.4% above fair value)
  • GF Score™: 56/100 with 3 warning signs

No single metric tells the full story. See the TSE:3928 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mynet Business Description

Address Kita Aoyama 2-11-3 A-Place Aoyama, Minato-ku, Tokyo, JPN, 107-0061
Mynet Inc is engaged in the business of smartphone game. The Company develops and manages online smartphones games. It is specialized in operation of the game domain. It provides and operates CroPro which is a mutual customer network for domestic smartphone games.
56GF Score

Get the complete analysis for TSE:3928

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

円236.00
Price
円224.00
GF Value