Nippon Shikizai (TSE:4920) Scaled Net Operating Assets: 0.76 (As of Feb. 2026)


TSE:4920 Nippon Shikizai Inc TSE:4920
67 GF Score
Price 円1,160.00
GF Value 円1,472.27
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Nippon Shikizai Scaled Net Operating Assets?

Nippon Shikizai TSE:4920 +0.17% 67 Scaled Net Operating Assets is 0.76 as of Feb. 2026. GuruFocus rates TSE:4920 with a GF Score™ of 67/100 and a GF Value™ of 円1,472.27 (Modestly Undervalued). 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.

Nippon Shikizai's operating assets for the quarter that ended in Feb. 2026 was 円16,473 Mil. Nippon Shikizai's operating liabilities for the quarter that ended in Feb. 2026 was 円3,438 Mil. Nippon Shikizai's Total Assets for the quarter that ended in Aug. 2025 was 円17,051 Mil. Therefore, Nippon Shikizai's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.76.


Nippon Shikizai Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Nippon Shikizai'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.

Nippon Shikizai Scaled Net Operating Assets Chart

Nippon Shikizai Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.76 0.76 0.73 0.74 0.77

Nippon Shikizai Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 0.69 0.74 0.70 0.74 0.76

TSE:4920 vs PG, CL, KVUE: Scaled Net Operating Assets Comparison

For the Household & Personal Products subindustry, Nippon Shikizai'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.


Nippon Shikizai Scaled Net Operating Assets vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Nippon Shikizai's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:4920
67GF Score
Nippon Shikizai Inc TSE:4920
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Nippon Shikizai 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.

Nippon Shikizai'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: Feb. 2025 )
=(16473.164-3438.156)/16889.398
=0.77

where

Operating Assets(A: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=17566.61 - 1093.446
=16473.164

Operating Liabilities(A: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=13322.577 - 4609.709 - 5274.712
=3438.156

Nippon Shikizai'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 )
=(16473.164-3438.156)/17050.868
=0.76

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=17566.61 - 1093.446
=16473.164

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=13322.577 - 4609.709 - 5274.712
=3438.156

* 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 0.76 mean?
Nippon Shikizai (TSE:4920) has a Scaled Net Operating Assets of 0.76 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 Nippon Shikizai and its competitors.
Is Nippon Shikizai's Scaled Net Operating Assets too high?
Nippon Shikizai's current Scaled Net Operating Assets is 0.76. Overall, Nippon Shikizai has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Shikizai's Scaled Net Operating Assets compare to PG and CL?
Nippon Shikizai's Scaled Net Operating Assets of 0.76 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Scaled Net Operating Assets depends on the Consumer Packaged Goods 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 Nippon Shikizai and its competitors. Nippon Shikizai's current Scaled Net Operating Assets is 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Shikizai stock overvalued right now?
Based on GuruFocus' analysis, Nippon Shikizai (TSE:4920) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,472.27, compared to a current price of 円1,160.00 — trading 21.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.76. Nippon Shikizai's overall GF Score™ is 67/100 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 Nippon Shikizai (TSE:4920), the current Scaled Net Operating Assets is 0.76 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.

Is Nippon Shikizai (TSE:4920) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Shikizai stock appears to be undervalued. The current stock price of 円1,160.00 is trading 21.2% below its estimated GF Value™ of 円1,472.27. GuruFocus considers Nippon Shikizai to be Modestly Undervalued.

Key valuation signals for TSE:4920:

  • Scaled Net Operating Assets: 0.76
  • GF Value™: 円1,472.27 vs. price of 円1,160.00 (21.2% below fair value)
  • GF Score™: 67/100 with 5 warning signs

No single metric tells the full story. See the TSE:4920 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nippon Shikizai Business Description

Address 5-3-13, Mita, Minato-ku, Tokyo, JPN
Nippon Shikizai Inc. is a cosmetics manufacturing service solution provider. It offers products for the face, lips, eyes and skin. The product portfolio of the company includes lipstick, lip liner, lipgloss, powder eye shadow, cream eye shadow, mascara, concealer, highlighter, cleanser, scrub, sunscreen and other products.
67GF Score

Get the complete analysis for TSE:4920

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

円1,160.00
Price
円1,472.27
GF Value