Toho Chemical Industry Co (TSE:4409) Scaled Net Operating Assets: 0.69 (As of Mar. 2026)


TSE:4409 Toho Chemical Industry Co Ltd TSE:4409
60 GF Score
Price 円739.00
GF Value 円627.14
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Toho Chemical Industry Co Scaled Net Operating Assets?

Toho Chemical Industry Co TSE:4409 60 Scaled Net Operating Assets is 0.69 as of Mar. 2026. GuruFocus rates TSE:4409 with a GF Score™ of 60/100 and a GF Value™ of 円627.14 (Modestly Overvalued). The stock has 5 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.

Toho Chemical Industry Co's operating assets for the quarter that ended in Mar. 2026 was 円65,480 Mil. Toho Chemical Industry Co's operating liabilities for the quarter that ended in Mar. 2026 was 円18,125 Mil. Toho Chemical Industry Co's Total Assets for the quarter that ended in Sep. 2025 was 円68,297 Mil. Therefore, Toho Chemical Industry Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.69.


Toho Chemical Industry Co Scaled Net Operating Assets Historical Data

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The historical data trend for Toho Chemical Industry 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.

Toho Chemical Industry Co Scaled Net Operating Assets Chart

Toho Chemical Industry 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 0.64 0.63 0.63 0.63 0.70

Toho Chemical Industry 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 0.63 0.60 0.63 0.62 0.69

TSE:4409 vs LIN, SHW, ECL: Scaled Net Operating Assets Comparison

For the Specialty Chemicals subindustry, Toho Chemical Industry 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.


Toho Chemical Industry Co Scaled Net Operating Assets vs Chemicals Industry

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

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


TSE:4409
60GF Score
Toho Chemical Industry Co Ltd TSE:4409
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Toho Chemical Industry 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.

Toho Chemical Industry 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 )
=(65480-18125)/67862
=0.70

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=70824 - 5344
=65480

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=46707 - 17383 - 11199
=18125

Toho Chemical Industry 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 )
=(65480-18125)/68297
=0.69

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=70824 - 5344
=65480

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=46707 - 17383 - 11199
=18125

* 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 0.69 mean?
Toho Chemical Industry Co (TSE:4409) has a Scaled Net Operating Assets of 0.69 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 Toho Chemical Industry Co and its competitors.
Is Toho Chemical Industry Co's Scaled Net Operating Assets too high?
Toho Chemical Industry Co's current Scaled Net Operating Assets is 0.69. Overall, Toho Chemical Industry Co has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toho Chemical Industry Co's Scaled Net Operating Assets compare to LIN and SHW?
Toho Chemical Industry Co's Scaled Net Operating Assets of 0.69 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 Toho Chemical Industry Co and its competitors. Toho Chemical Industry Co's current Scaled Net Operating Assets is 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toho Chemical Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Toho Chemical Industry Co (TSE:4409) is currently considered Modestly Overvalued. The stock's GF Value™ is 円627.14, compared to a current price of 円739.00 — trading 17.8% above its estimated fair value. The current Scaled Net Operating Assets is 0.69. Toho Chemical Industry Co's overall GF Score™ is 60/100 with 5 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 Toho Chemical Industry Co (TSE:4409), the current Scaled Net Operating Assets is 0.69 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 Toho Chemical Industry Co (TSE:4409) Overvalued in 2026?

Based on GuruFocus' analysis, Toho Chemical Industry Co stock appears to be overvalued. The current stock price of 円739.00 is trading 17.8% above its estimated GF Value™ of 円627.14. GuruFocus considers Toho Chemical Industry Co to be Modestly Overvalued.

Key valuation signals for TSE:4409:

  • Scaled Net Operating Assets: 0.69
  • GF Value™: 円627.14 vs. price of 円739.00 (17.8% above fair value)
  • GF Score™: 60/100 with 5 warning signs

No single metric tells the full story. See the TSE:4409 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Toho Chemical Industry Co Business Description

Address 6-4 Akashi-cho, Chuo-Ku, Nichirei Akashi-cho Building, Tokyo, JPN, 104-0044
Toho Chemical Industry Co Ltd is engaged in the chemical business. Its product lines are surfactants, specialty chemicals, resins, and industrial chemicals. Some of its products are chemicals for textiles, detergents, pharmaceutical formulations, and others. The company serves a range of industries from daily consumables to high-tech products industries.
60GF Score

Get the complete analysis for TSE:4409

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

円739.00
Price
円627.14
GF Value