Local (TSE:470A) Scaled Net Operating Assets: 0.96 (As of Feb. 2026)

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TSE:470A Local Inc TSE:470A
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Price 円501.00
! 5 Warning Signs
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What is Local Scaled Net Operating Assets?

Local TSE:470A 5 Scaled Net Operating Assets is 0.96 as of Feb. 2026. GuruFocus rates TSE:470A with a GF Score™ of 5/100. 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.

Local's operating assets for the quarter that ended in Feb. 2026 was 円4,120 Mil. Local's operating liabilities for the quarter that ended in Feb. 2026 was 円670 Mil. Local's Total Assets for the quarter that ended in Aug. 2025 was 円3,605 Mil. Therefore, Local's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.96.

Local Scaled Net Operating Assets Historical Data

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The historical data trend for Local'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.

Local Scaled Net Operating Assets Chart

Local Annual Data
Trend Sep23 Feb26
Scaled Net Operating Assets
0.45 1.31

Local Semi-Annual Data
Sep23 Aug25 Feb26
Scaled Net Operating Assets 0.45 0.64 0.96

TSE:470A vs SYY, USFD, PFGC: Scaled Net Operating Assets Comparison

For the Food Distribution subindustry, Local'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.

Local Scaled Net Operating Assets vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Local's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:470A
5GF Score
Local Inc TSE:470A
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Local 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.

Local's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Feb. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Feb. 2026 )
=(Operating Assets (A: Feb. 2026 )-Operating Liabilities (A: Feb. 2026 ))/Total Assets (A: Sep. 2023 )
=(4120.105-670.354)/2628.801
=1.31

where

Operating Assets(A: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5319.994 - 1199.889
=4120.105

Operating Liabilities(A: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4848.933 - 494.991 - 3683.588
=670.354

Local's Scaled Net Operating Assets (SNOA) for the quarter that ended in Feb. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Feb. 2026 )
=(Operating Assets (Q: Feb. 2026 )-Operating Liabilities (Q: Feb. 2026 ))/Total Assets (Q: Aug. 2025 )
=(4120.105-670.354)/3604.594
=0.96

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5319.994 - 1199.889
=4120.105

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4848.933 - 494.991 - 3683.588
=670.354

* 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 0.96 mean?
Local (TSE:470A) has a Scaled Net Operating Assets of 0.96 as of Feb. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Local and its competitors.
Is Local's Scaled Net Operating Assets too high?
Local's current Scaled Net Operating Assets is 0.96. Overall, Local has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does Local's Scaled Net Operating Assets compare to SYY and USFD?
Local's Scaled Net Operating Assets of 0.96 can be compared against companies in the Retail - Defensive 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 Retail - Defensive company?
A good Scaled Net Operating Assets depends on the Retail - Defensive 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 Local and its competitors. Local's current Scaled Net Operating Assets is 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Local stock overvalued right now?
Local (TSE:470A) has a current Scaled Net Operating Assets of 0.96. The current Scaled Net Operating Assets is 0.96. Local's overall GF Score™ is 5/100 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 Local (TSE:470A), the current Scaled Net Operating Assets is 0.96 as of Feb. 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.

Local Business Description

Address 3-15-60, Kasuga, Nishi-Ku, JR Kumamoto Shirakawa Building 4th floor, Kumamoto-Shi, JPN, 860-0047
Local Inc is principally engaged in manufacturing and sales of food products utilizing locally sourced fresh and regional ingredients under its own brands through multiple e-commerce platforms.
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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円501.00
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