Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Welby's operating assets for the quarter that ended in Dec. 2025 was 円342.8 Mil. Welby's operating liabilities for the quarter that ended in Dec. 2025 was 円142.2 Mil. Welby's Total Assets for the quarter that ended in Sep. 2025 was 円781.3 Mil. Therefore, Welby's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.26.
Welby Scaled Net Operating Assets Related Terms
Welby Scaled Net Operating Assets Historical Data
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The historical data trend for Welby'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.
TSE:4438 vs VEEV, BTSG, TEM: Scaled Net Operating Assets Comparison
For the Health Information Services subindustry, Welby'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.
Welby Scaled Net Operating Assets vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Welby's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Welby's Scaled Net Operating Assets falls into.
* 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 0.26 mean?
Welby (TSE:4438) has a Scaled Net Operating Assets of 0.26 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 Welby and its competitors.
Is Welby's Scaled Net Operating Assets too high?
Welby's current Scaled Net Operating Assets is 0.26. Overall, Welby has a GF Score™ of 36/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Welby's Scaled Net Operating Assets compare to VEEV and BTSG?
Welby's Scaled Net Operating Assets of 0.26 can be compared against companies in the Healthcare Providers & Services 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 Healthcare Providers & Services company?
A good Scaled Net Operating Assets depends on the Healthcare Providers & Services 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 Welby and its competitors. Welby's current Scaled Net Operating Assets is 0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Welby stock overvalued right now?
Based on GuruFocus' analysis, Welby (TSE:4438) is currently considered Possible Value Trap. The stock's GF Value™ is 円378.19, compared to a current price of 円253.00 — trading 33.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.26. Welby's overall GF Score™ is 36/100 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 Welby (TSE:4438), the current Scaled Net Operating Assets is 0.26 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 Welby (TSE:4438) Overvalued in 2026?
Based on GuruFocus' analysis, Welby stock appears to be undervalued.
The current stock price of 円253.00 is trading 33.1% below its estimated GF Value™ of 円378.19.
GuruFocus considers Welby to be Possible Value Trap.
Key valuation signals for TSE:4438:
Scaled Net Operating Assets: 0.26
GF Value™: 円378.19 vs. price of 円253.00 (33.1% below fair value)
No single metric tells the full story. See the TSE:4438 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Welby Inc offers patients and their families digital tools helping medical treatment and prevention of the progression of disease. The company co-develops and co-provides digital services with pharmaceuticals, medical device companies, governments, along with patients and healthcare professionals.
36GF Score
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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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