Enechange (TSE:4169) Scaled Net Operating Assets: 0.13 (As of Mar. 2026)


TSE:4169 Enechange Ltd TSE:4169
41 GF Score
Price 円213.00
GF Value 円591.44
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Enechange Scaled Net Operating Assets?

Enechange TSE:4169 +4.93% 41 Scaled Net Operating Assets is 0.13 as of Mar. 2026. GuruFocus rates TSE:4169 with a GF Score™ of 41/100 and a GF Value™ of 円591.44 (Significantly Undervalued). The stock has 2 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.

Enechange's operating assets for the quarter that ended in Mar. 2026 was 円3,164 Mil. Enechange's operating liabilities for the quarter that ended in Mar. 2026 was 円2,310 Mil. Enechange's Total Assets for the quarter that ended in Sep. 2025 was 円6,533 Mil. Therefore, Enechange's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.13.


Enechange Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Enechange'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.

Enechange Scaled Net Operating Assets Chart

Enechange Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.13 0.35 0.01 0.25 0.12

Enechange Semi-Annual Data
Dec18 Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 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 0.01 -0.05 0.18 0.13 0.13

TSE:4169 vs UBER, SHOP, CRM: Scaled Net Operating Assets Comparison

For the Software - Application subindustry, Enechange'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.


Enechange Scaled Net Operating Assets vs Software Industry

For the Software industry and Technology sector, Enechange's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:4169
41GF Score
Enechange Ltd TSE:4169
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Enechange 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.

Enechange'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 )
=(3163.622-2309.54)/7411.744
=0.12

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=7657.775 - 4494.153
=3163.622

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2875.902 - 260.84 - 305.522
=2309.54

Enechange'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 )
=(3163.622-2309.54)/6532.6
=0.13

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=7657.775 - 4494.153
=3163.622

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2875.902 - 260.84 - 305.522
=2309.54

* 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 0.13 mean?
Enechange (TSE:4169) has a Scaled Net Operating Assets of 0.13 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 Enechange and its competitors.
Is Enechange's Scaled Net Operating Assets too high?
Enechange's current Scaled Net Operating Assets is 0.13. Overall, Enechange has a GF Score™ of 41/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Enechange's Scaled Net Operating Assets compare to UBER and SHOP?
Enechange's Scaled Net Operating Assets of 0.13 can be compared against companies in the Software 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 Software company?
A good Scaled Net Operating Assets depends on the Software 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 Enechange and its competitors. Enechange's current Scaled Net Operating Assets is 0.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enechange stock overvalued right now?
Based on GuruFocus' analysis, Enechange (TSE:4169) is currently considered Significantly Undervalued. The stock's GF Value™ is 円591.44, compared to a current price of 円213.00 — trading 64% below its estimated fair value. The current Scaled Net Operating Assets is 0.13. Enechange's overall GF Score™ is 41/100 with 2 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 Enechange (TSE:4169), the current Scaled Net Operating Assets is 0.13 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 Enechange (TSE:4169) Overvalued in 2026?

Based on GuruFocus' analysis, Enechange stock appears to be undervalued. The current stock price of 円213.00 is trading 64% below its estimated GF Value™ of 円591.44. GuruFocus considers Enechange to be Significantly Undervalued.

Key valuation signals for TSE:4169:

  • Scaled Net Operating Assets: 0.13
  • GF Value™: 円591.44 vs. price of 円213.00 (64% below fair value)
  • GF Score™: 41/100 with 2 warning signs

No single metric tells the full story. See the TSE:4169 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Enechange Business Description

Address 2-6-2 Otemachi, 3rd Floor, Nihon Building, Chiyoda-ku, Tokyo, JPN, 100-0004
Enechange Ltd is a energy switching platform for consumers, and cloud based SaaS applications namely EMAP (digital marketing), SMAP (AI-based smart meter analytics) for energy companies.
41GF Score

Get the complete analysis for TSE:4169

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

円213.00
Price
円591.44
GF Value