AUCNET (TSE:3964) Scaled Net Operating Assets: 0.07 (As of Dec. 2025)

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TSE:3964 AUCNET Inc TSE:3964
92 GF Score
Price 円1,403.00
GF Value 円907.93
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is AUCNET Scaled Net Operating Assets?

AUCNET TSE:3964 -1.82% 92 Scaled Net Operating Assets is 0.07 as of Dec. 2025. GuruFocus rates TSE:3964 with a GF Score™ of 92/100 and a GF Value™ of 円907.93 (Significantly Overvalued). The stock has 6 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.

AUCNET's operating assets for the quarter that ended in Dec. 2025 was 円27,677 Mil. AUCNET's operating liabilities for the quarter that ended in Dec. 2025 was 円24,159 Mil. AUCNET's Total Assets for the quarter that ended in Sep. 2025 was 円49,982 Mil. Therefore, AUCNET's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.07.


AUCNET Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for AUCNET'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.

AUCNET Scaled Net Operating Assets Chart

AUCNET 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 0.06 0.08 0.07 0.24 0.08

AUCNET Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.17 0.05 0.06 0.07 0.12

TSE:3964 vs AMZN, BABA, PDD: Scaled Net Operating Assets Comparison

For the Internet Retail subindustry, AUCNET'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.


AUCNET Scaled Net Operating Assets vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, AUCNET's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:3964
92GF Score
AUCNET Inc TSE:3964
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AUCNET 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.

AUCNET'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 )
=(27677.365-24159.165)/44040.655
=0.08

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=50781.752 - 23104.387
=27677.365

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=24159.165 - 0 - 0
=24159.165

AUCNET'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 )
=(27677.365-24159.165)/49982.129
=0.07

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=50781.752 - 23104.387
=27677.365

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=24159.165 - 0 - 0
=24159.165

* 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 0.07 mean?
AUCNET (TSE:3964) has a Scaled Net Operating Assets of 0.07 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 AUCNET and its competitors.
Is AUCNET's Scaled Net Operating Assets too high?
AUCNET's current Scaled Net Operating Assets is 0.07. Overall, AUCNET has a GF Score™ of 92/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AUCNET's Scaled Net Operating Assets compare to AMZN and BABA?
AUCNET's Scaled Net Operating Assets of 0.07 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Scaled Net Operating Assets depends on the Retail - Cyclical 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 AUCNET and its competitors. AUCNET's current Scaled Net Operating Assets is 0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AUCNET stock overvalued right now?
Based on GuruFocus' analysis, AUCNET (TSE:3964) is currently considered Significantly Overvalued. The stock's GF Value™ is 円907.93, compared to a current price of 円1,403.00 — trading 54.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.07. AUCNET's overall GF Score™ is 92/100 with 6 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 AUCNET (TSE:3964), the current Scaled Net Operating Assets is 0.07 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 AUCNET (TSE:3964) Overvalued in 2026?

Based on GuruFocus' analysis, AUCNET stock appears to be overvalued. The current stock price of 円1,403.00 is trading 54.5% above its estimated GF Value™ of 円907.93. GuruFocus considers AUCNET to be Significantly Overvalued.

Key valuation signals for TSE:3964:

  • Scaled Net Operating Assets: 0.07
  • GF Value™: 円907.93 vs. price of 円1,403.00 (54.5% above fair value)
  • GF Score™: 92/100 with 6 warning signs

No single metric tells the full story. See the TSE:3964 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AUCNET Business Description

Other Exchanges AUCTF:USA
Address Aoyama OM Square, 5-8 Kita-Aoyama 2-chome, Minato-ku, Tokyo, JPN, 107‐8349
AUCNET Inc is a Japanese based auction services provider. It provides new information distribution services using media, including LaserDisc, satellite communications, and the internet. It operates in the used cars auction business, motorcycle business, the flower business, the digital products business, the brand items business, and the medical equipment business. Company operates in two segments-Lifestyle products segment, this segment consists of the digital products business and the fashion resale business and second Digital products business which involves auctions and consumer-oriented sales of used digital devices such as used smartphones and used PCs.
92GF Score

Get the complete analysis for TSE:3964

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

円1,403.00
Price
円907.93
GF Value