Hatena Co (TSE:3930) Scaled Net Operating Assets: 0.39 (As of Apr. 2026)

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TSE:3930 Hatena Co Ltd TSE:3930
70 GF Score
Price 円1,130.00
GF Value 円775.66
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Hatena Co Scaled Net Operating Assets?

Hatena Co TSE:3930 -0.88% 70 Scaled Net Operating Assets is 0.39 as of Apr. 2026. GuruFocus rates TSE:3930 with a GF Score™ of 70/100 and a GF Value™ of 円775.66 (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.

Hatena Co's operating assets for the quarter that ended in Apr. 2026 was 円1,732 Mil. Hatena Co's operating liabilities for the quarter that ended in Apr. 2026 was 円341 Mil. Hatena Co's Total Assets for the quarter that ended in Jan. 2026 was 円3,544 Mil. Therefore, Hatena Co's scaled net operating assets (SNOA) for the quarter that ended in Apr. 2026 was 0.39.


Hatena Co Scaled Net Operating Assets Historical Data

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The historical data trend for Hatena 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.

Hatena Co Scaled Net Operating Assets Chart

Hatena Co Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.33 0.27 0.33 0.36 0.23

Hatena Co Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.28 0.19 0.43 0.42 0.39

TSE:3930 vs GOOGL, META, SPOT: Scaled Net Operating Assets Comparison

For the Internet Content & Information subindustry, Hatena 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.


Hatena Co Scaled Net Operating Assets vs Interactive Media Industry

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

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


TSE:3930
70GF Score
Hatena Co Ltd TSE:3930
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hatena 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.

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

Scaled Net Operating Assets (SNOA)(A: Jul. 2025 )
=(Operating Assets (A: Jul. 2025 )-Operating Liabilities (A: Jul. 2025 ))/Total Assets (A: Jul. 2024 )
=(1304.277-634.776)/2909.178
=0.23

where

Operating Assets(A: Jul. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3450.97 - 2146.693
=1304.277

Operating Liabilities(A: Jul. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=634.776 - 0 - 0
=634.776

Hatena Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Apr. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Apr. 2026 )
=(Operating Assets (Q: Apr. 2026 )-Operating Liabilities (Q: Apr. 2026 ))/Total Assets (Q: Jan. 2026 )
=(1731.923-341.408)/3544.092
=0.39

where

Operating Assets(Q: Apr. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2709.792 - 977.869
=1731.923

Operating Liabilities(Q: Apr. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=591.408 - 0 - 250
=341.408

* 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 0.39 mean?
Hatena Co (TSE:3930) has a Scaled Net Operating Assets of 0.39 as of Apr. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Hatena Co and its competitors.
Is Hatena Co's Scaled Net Operating Assets too high?
Hatena Co's current Scaled Net Operating Assets is 0.39. Overall, Hatena Co has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hatena Co's Scaled Net Operating Assets compare to GOOGL and META?
Hatena Co's Scaled Net Operating Assets of 0.39 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 Hatena Co and its competitors. Hatena Co's current Scaled Net Operating Assets is 0.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hatena Co stock overvalued right now?
Based on GuruFocus' analysis, Hatena Co (TSE:3930) is currently considered Significantly Overvalued. The stock's GF Value™ is 円775.66, compared to a current price of 円1,130.00 — trading 45.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.39. Hatena Co's overall GF Score™ is 70/100 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 Hatena Co (TSE:3930), the current Scaled Net Operating Assets is 0.39 as of Apr. 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 Hatena Co (TSE:3930) Overvalued in 2026?

Based on GuruFocus' analysis, Hatena Co stock appears to be overvalued. The current stock price of 円1,130.00 is trading 45.7% above its estimated GF Value™ of 円775.66. GuruFocus considers Hatena Co to be Significantly Overvalued.

Key valuation signals for TSE:3930:

  • Scaled Net Operating Assets: 0.39
  • GF Value™: 円775.66 vs. price of 円1,130.00 (45.7% above fair value)
  • GF Score™: 70/100 with 5 warning signs

No single metric tells the full story. See the TSE:3930 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hatena Co Business Description

Address Takamiya-cho 206, Yubinbango, Kyoto Prefecture Oike Aino-cho HigashiIri, Oike building, 9th floor, Nakagyo-ku, Kyoto, JPN, 604-0835
Hatena Co Ltd provides internet content platform services and content marketing services technology solutions. Its content platform services include the blog, bookmark services, and shared dictionary service.
70GF Score

Get the complete analysis for TSE:3930

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

円1,130.00
Price
円775.66
GF Value