Superbag Co (TSE:3945) Scaled Net Operating Assets: 0.44 (As of Mar. 2026)


TSE:3945 Superbag Co Ltd TSE:3945
53 GF Score
Price 円2,233.00
GF Value 円2,597.65
Valuation Modestly Undervalued
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What is Superbag Co Scaled Net Operating Assets?

Superbag Co TSE:3945 +0.31% 53 Scaled Net Operating Assets is 0.44 as of Mar. 2026. GuruFocus rates TSE:3945 with a GF Score™ of 53/100 and a GF Value™ of 円2,597.65 (Modestly Undervalued).

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Superbag Co's operating assets for the quarter that ended in Mar. 2026 was 円12,142 Mil. Superbag Co's operating liabilities for the quarter that ended in Mar. 2026 was 円5,593 Mil. Superbag Co's Total Assets for the quarter that ended in Sep. 2025 was 円14,972 Mil. Therefore, Superbag Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.44.


Superbag Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Superbag 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.

Superbag Co Scaled Net Operating Assets Chart

Superbag Co 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 0.30 0.35 0.38 0.32 0.45

Superbag Co 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 0.36 0.35 0.34 0.34 0.44

Superbag Co Scaled Net Operating Assets Competitor Comparison

For the Paper & Paper Products subindustry, Superbag 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.


Superbag Co Scaled Net Operating Assets vs Forest Products Industry

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

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


TSE:3945
53GF Score
Superbag Co Ltd TSE:3945
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Superbag 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.

Superbag Co'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 )
=(12142-5593)/14600
=0.45

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=13761 - 1619
=12142

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8204 - 1576 - 1035
=5593

Superbag Co'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 )
=(12142-5593)/14972
=0.44

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=13761 - 1619
=12142

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8204 - 1576 - 1035
=5593

* 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 0.44 mean?
Superbag Co (TSE:3945) has a Scaled Net Operating Assets of 0.44 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 Superbag Co and its competitors.
Is Superbag Co's Scaled Net Operating Assets too high?
Superbag Co's current Scaled Net Operating Assets is 0.44. Overall, Superbag Co has a GF Score™ of 53/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Superbag Co's Scaled Net Operating Assets compare to competitors?
Superbag Co's Scaled Net Operating Assets of 0.44 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 Superbag Co and its competitors. Superbag Co's current Scaled Net Operating Assets is 0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Superbag Co stock overvalued right now?
Based on GuruFocus' analysis, Superbag Co (TSE:3945) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,597.65, compared to a current price of 円2,233.00 — trading 14% below its estimated fair value. The current Scaled Net Operating Assets is 0.44. Superbag Co's overall GF Score™ is 53/100. 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 Superbag Co (TSE:3945), the current Scaled Net Operating Assets is 0.44 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 Superbag Co (TSE:3945) Overvalued in 2026?

Based on GuruFocus' analysis, Superbag Co stock appears to be undervalued. The current stock price of 円2,233.00 is trading 14% below its estimated GF Value™ of 円2,597.65. GuruFocus considers Superbag Co to be Modestly Undervalued.

Key valuation signals for TSE:3945:

  • Scaled Net Operating Assets: 0.44
  • GF Value™: 円2,597.65 vs. price of 円2,233.00 (14% below fair value)
  • GF Score™: 53/100

No single metric tells the full story. See the TSE:3945 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Superbag Co Business Description

Address 5-18-11 Nishi-Ikebukuro, Toshima-ku, Tokyo, JPN, 171-0021
Superbag Co Ltd is the Japan-based company engaged in the manufacturing and distribution of paper and plastic shopping bags. Its product offering includes a plastic bag, a paper square bottom bag, delivery bag, eco bag and paperware.
53GF Score

Get the complete analysis for TSE:3945

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

円2,233.00
Price
円2,597.65
GF Value