Toagosei Co (TSE:4045) Scaled Net Operating Assets: 0.75 (As of Dec. 2025)

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TSE:4045 Toagosei Co Ltd TSE:4045
84 GF Score
Price 円1,734.50
GF Value 円1,557.62
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Toagosei Co Scaled Net Operating Assets?

Toagosei Co TSE:4045 +1.67% 84 Scaled Net Operating Assets is 0.75 as of Dec. 2025. GuruFocus rates TSE:4045 with a GF Score™ of 84/100 and a GF Value™ of 円1,557.62 (Modestly Overvalued). 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.

Toagosei Co's operating assets for the quarter that ended in Dec. 2025 was 円257,587 Mil. Toagosei Co's operating liabilities for the quarter that ended in Dec. 2025 was 円51,350 Mil. Toagosei Co's Total Assets for the quarter that ended in Sep. 2025 was 円275,972 Mil. Therefore, Toagosei Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.75.


Toagosei Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Toagosei 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.

Toagosei Co Scaled Net Operating Assets Chart

Toagosei Co 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 0.59 0.64 0.64 0.68 0.74

Toagosei Co 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 0.68 0.72 0.76 0.75 0.73

TSE:4045 vs LIN, SHW, ECL: Scaled Net Operating Assets Comparison

For the Specialty Chemicals subindustry, Toagosei 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.


Toagosei Co Scaled Net Operating Assets vs Chemicals Industry

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

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


TSE:4045
84GF Score
Toagosei Co Ltd TSE:4045
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Toagosei 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.

Toagosei Co'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 )
=(257587-51350)/278020
=0.74

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=289105 - 31518
=257587

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=73162 - 14744 - 7068
=51350

Toagosei Co'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 )
=(257587-51350)/275972
=0.75

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=289105 - 31518
=257587

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=73162 - 14744 - 7068
=51350

* 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 0.75 mean?
Toagosei Co (TSE:4045) has a Scaled Net Operating Assets of 0.75 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 Toagosei Co and its competitors.
Is Toagosei Co's Scaled Net Operating Assets too high?
Toagosei Co's current Scaled Net Operating Assets is 0.75. Overall, Toagosei Co has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toagosei Co's Scaled Net Operating Assets compare to LIN and SHW?
Toagosei Co's Scaled Net Operating Assets of 0.75 can be compared against companies in the Chemicals 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 Chemicals company?
A good Scaled Net Operating Assets depends on the Chemicals 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 Toagosei Co and its competitors. Toagosei Co's current Scaled Net Operating Assets is 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toagosei Co stock overvalued right now?
Based on GuruFocus' analysis, Toagosei Co (TSE:4045) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,557.62, compared to a current price of 円1,734.50 — trading 11.4% above its estimated fair value. The current Scaled Net Operating Assets is 0.75. Toagosei Co's overall GF Score™ is 84/100 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 Toagosei Co (TSE:4045), the current Scaled Net Operating Assets is 0.75 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 Toagosei Co (TSE:4045) Overvalued in 2026?

Based on GuruFocus' analysis, Toagosei Co stock appears to be overvalued. The current stock price of 円1,734.50 is trading 11.4% above its estimated GF Value™ of 円1,557.62. GuruFocus considers Toagosei Co to be Modestly Overvalued.

Key valuation signals for TSE:4045:

  • Scaled Net Operating Assets: 0.75
  • GF Value™: 円1,557.62 vs. price of 円1,734.50 (11.4% above fair value)
  • GF Score™: 84/100 with 3 warning signs

No single metric tells the full story. See the TSE:4045 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Toagosei Co Business Description

Other Exchanges TOAGF:USA
Address 1-14-1 Nishi Shinbashi, Minatoku, Tokyo, JPN, 105-8419
Toagosei Co Ltd manufactures and sells a wide range of chemicals and chemical-based products. The company operates through five business segments. The Polymer and Oligomer Business, its key segment, provides acrylate esters, acrylic polymers, and UV-curable resins used in paints, textiles, cosmetics, and electronics. The Core Chemicals Business supplies caustic soda, sulfuric acid, and sodium hypochlorite for paper, fertilizer, and water treatment applications. The Adhesive Materials Business offers adhesives and related products. The High-performance Materials Business provides electronic and construction materials. The Resin Processed Products Business sells piping equipment and nursing care products. Majority revenue is generated in Japan.
84GF Score

Get the complete analysis for TSE:4045

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

円1,734.50
Price
円1,557.62
GF Value