Photosynth (TSE:4379) Scaled Net Operating Assets: 0.24 (As of Dec. 2025)

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TSE:4379 Photosynth Inc TSE:4379
71 GF Score
Price 円402.00
GF Value 円556.73
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Photosynth Scaled Net Operating Assets?

Photosynth TSE:4379 +0.25% 71 Scaled Net Operating Assets is 0.24 as of Dec. 2025. GuruFocus rates TSE:4379 with a GF Score™ of 71/100 and a GF Value™ of 円556.73 (Modestly Undervalued). 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.

Photosynth's operating assets for the quarter that ended in Dec. 2025 was 円2,207 Mil. Photosynth's operating liabilities for the quarter that ended in Dec. 2025 was 円1,314 Mil. Photosynth's Total Assets for the quarter that ended in Sep. 2025 was 円3,700 Mil. Therefore, Photosynth's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.24.


Photosynth Scaled Net Operating Assets Historical Data

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The historical data trend for Photosynth'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.

Photosynth Scaled Net Operating Assets Chart

Photosynth Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial -0.05 0.17 0.25 0.19 0.26

Photosynth Quarterly Data
Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 0.23 0.18 0.18 0.24 0.23

TSE:4379 vs UBER, SHOP, CRM: Scaled Net Operating Assets Comparison

For the Software - Application subindustry, Photosynth'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.


Photosynth Scaled Net Operating Assets vs Software Industry

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

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


TSE:4379
71GF Score
Photosynth Inc TSE:4379
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Photosynth 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.

Photosynth'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 )
=(2207.044-1313.98)/3440.34
=0.26

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3871.701 - 1664.657
=2207.044

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1387.132 - 38.87 - 34.282
=1313.98

Photosynth'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 )
=(2207.044-1313.98)/3700.362
=0.24

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3871.701 - 1664.657
=2207.044

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1387.132 - 38.87 - 34.282
=1313.98

* 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 0.24 mean?
Photosynth (TSE:4379) has a Scaled Net Operating Assets of 0.24 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 Photosynth and its competitors.
Is Photosynth's Scaled Net Operating Assets too high?
Photosynth's current Scaled Net Operating Assets is 0.24. Overall, Photosynth has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Photosynth's Scaled Net Operating Assets compare to UBER and SHOP?
Photosynth's Scaled Net Operating Assets of 0.24 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 Photosynth and its competitors. Photosynth's current Scaled Net Operating Assets is 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Photosynth stock overvalued right now?
Based on GuruFocus' analysis, Photosynth (TSE:4379) is currently considered Modestly Undervalued. The stock's GF Value™ is 円556.73, compared to a current price of 円402.00 — trading 27.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.24. Photosynth's overall GF Score™ is 71/100 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 Photosynth (TSE:4379), the current Scaled Net Operating Assets is 0.24 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 Photosynth (TSE:4379) Overvalued in 2026?

Based on GuruFocus' analysis, Photosynth stock appears to be undervalued. The current stock price of 円402.00 is trading 27.8% below its estimated GF Value™ of 円556.73. GuruFocus considers Photosynth to be Modestly Undervalued.

Key valuation signals for TSE:4379:

  • Scaled Net Operating Assets: 0.24
  • GF Value™: 円556.73 vs. price of 円402.00 (27.8% below fair value)
  • GF Score™: 71/100 with 3 warning signs

No single metric tells the full story. See the TSE:4379 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Photosynth Business Description

Address 5-29-11 Shiba, 15th Floor, G-BASE Tamachi, Minato-ku, Tokyo, JPN, 108-0014
Photosynth Inc is engaged in the research and development of Internet of Things-related equipment and cloud-related technology. It offers Akerun Access Intelligence, a cloud-based authentication platform that provides personal authentication and security using edge devices such as smart locks connected to the cloud and the internet, as well as related services centered on personal authentication, for both corporate and residential customers. In addition, the company is engaged in providing facility management services (BPaaS) through Migakun, a high-quality gig worker platform, which helps resolve labor shortages in various spaces through gig workers. The company operates in a single segment, the spatial digital transformation business.
71GF Score

Get the complete analysis for TSE:4379

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

円402.00
Price
円556.73
GF Value