Value Golf (TSE:3931) Scaled Net Operating Assets: 0.65 (As of Jan. 2026)

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TSE:3931 Value Golf Inc TSE:3931
50 GF Score
Price 円1,883.00
GF Value 円1,280.89
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Value Golf Scaled Net Operating Assets?

Value Golf TSE:3931 -0.89% 50 Scaled Net Operating Assets is 0.65 as of Jan. 2026. GuruFocus rates TSE:3931 with a GF Score™ of 50/100 and a GF Value™ of 円1,280.89 (Significantly Overvalued). The stock has 8 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.

Value Golf's operating assets for the quarter that ended in Jan. 2026 was 円2,428 Mil. Value Golf's operating liabilities for the quarter that ended in Jan. 2026 was 円703 Mil. Value Golf's Total Assets for the quarter that ended in Oct. 2025 was 円2,648 Mil. Therefore, Value Golf's scaled net operating assets (SNOA) for the quarter that ended in Jan. 2026 was 0.65.


Value Golf Scaled Net Operating Assets Historical Data

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The historical data trend for Value Golf'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.

Value Golf Scaled Net Operating Assets Chart

Value Golf Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.35 0.36 0.36 0.45 0.65

Value Golf 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 0.51 0.63 0.36 0.65 0.55

TSE:3931 vs NYT, WLY: Scaled Net Operating Assets Comparison

For the Publishing subindustry, Value Golf'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.


Value Golf Scaled Net Operating Assets vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Value Golf's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:3931
50GF Score
Value Golf Inc TSE:3931
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Value Golf 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.

Value Golf's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jan. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jan. 2026 )
=(Operating Assets (A: Jan. 2026 )-Operating Liabilities (A: Jan. 2026 ))/Total Assets (A: Jan. 2025 )
=(2427.716-702.514)/2647.917
=0.65

where

Operating Assets(A: Jan. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3184.818 - 757.102
=2427.716

Operating Liabilities(A: Jan. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2111.666 - 129.335 - 1279.817
=702.514

Value Golf's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jan. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jan. 2026 )
=(Operating Assets (Q: Jan. 2026 )-Operating Liabilities (Q: Jan. 2026 ))/Total Assets (Q: Oct. 2025 )
=(2427.716-702.514)/2647.917
=0.65

where

Operating Assets(Q: Jan. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3184.818 - 757.102
=2427.716

Operating Liabilities(Q: Jan. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2111.666 - 129.335 - 1279.817
=702.514

* 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 0.65 mean?
Value Golf (TSE:3931) has a Scaled Net Operating Assets of 0.65 as of Jan. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Value Golf and its competitors.
Is Value Golf's Scaled Net Operating Assets too high?
Value Golf's current Scaled Net Operating Assets is 0.65. Overall, Value Golf has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Value Golf's Scaled Net Operating Assets compare to NYT and WLY?
Value Golf's Scaled Net Operating Assets of 0.65 can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good Scaled Net Operating Assets depends on the Media - Diversified 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 Value Golf and its competitors. Value Golf's current Scaled Net Operating Assets is 0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Value Golf stock overvalued right now?
Based on GuruFocus' analysis, Value Golf (TSE:3931) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,280.89, compared to a current price of 円1,883.00 — trading 47% above its estimated fair value. The current Scaled Net Operating Assets is 0.65. Value Golf's overall GF Score™ is 50/100 with 8 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 Value Golf (TSE:3931), the current Scaled Net Operating Assets is 0.65 as of Jan. 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 Value Golf (TSE:3931) Overvalued in 2026?

Based on GuruFocus' analysis, Value Golf stock appears to be overvalued. The current stock price of 円1,883.00 is trading 47% above its estimated GF Value™ of 円1,280.89. GuruFocus considers Value Golf to be Significantly Overvalued.

Key valuation signals for TSE:3931:

  • Scaled Net Operating Assets: 0.65
  • GF Value™: 円1,280.89 vs. price of 円1,883.00 (47% above fair value)
  • GF Score™: 50/100 with 8 warning signs

No single metric tells the full story. See the TSE:3931 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Value Golf Business Description

Address Shiba 4-chome Minato-ku, Tokyo Fast Okada Building, 4th and 5th floor, Tokyo, JPN, 108-0014
Value Golf Inc is engaged in the management of golf-related media, issues Golf magazines, and manages WEB services, develops systems and provides ASP services related to golf. It offers value service in both real and WEB. It also has advertisement media production business and medical business which include publication, service management for medical institutions.
50GF Score

Get the complete analysis for TSE:3931

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

円1,883.00
Price
円1,280.89
GF Value