Waqoo (TSE:4937) Scaled Net Operating Assets: 0.49 (As of Mar. 2026)

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TSE:4937 Waqoo Inc TSE:4937
66 GF Score
Price 円1,447.00
GF Value 円1,610.85
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Waqoo Scaled Net Operating Assets?

Waqoo TSE:4937 -2.03% 66 Scaled Net Operating Assets is 0.49 as of Mar. 2026. GuruFocus rates TSE:4937 with a GF Score™ of 66/100 and a GF Value™ of 円1,610.85 (Modestly Undervalued). The stock has 1 warning sign investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Waqoo's operating assets for the quarter that ended in Mar. 2026 was 円2,029 Mil. Waqoo's operating liabilities for the quarter that ended in Mar. 2026 was 円526 Mil. Waqoo's Total Assets for the quarter that ended in Dec. 2025 was 円3,063 Mil. Therefore, Waqoo's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.49.


Waqoo Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Waqoo'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.

Waqoo Scaled Net Operating Assets Chart

Waqoo Annual Data
Trend Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.45 0.25 0.07 0.90 0.49

Waqoo Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.49 0.51 0.51 0.47 0.49

TSE:4937 vs AMZN, BABA, PDD: Scaled Net Operating Assets Comparison

For the Internet Retail subindustry, Waqoo'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.


Waqoo Scaled Net Operating Assets vs Retail - Cyclical Industry

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

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


TSE:4937
66GF Score
Waqoo Inc TSE:4937
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Waqoo 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.

Waqoo's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Sep. 2025 )
=(Operating Assets (A: Sep. 2025 )-Operating Liabilities (A: Sep. 2025 ))/Total Assets (A: Sep. 2024 )
=(1896.863-376.488)/3133.514
=0.49

where

Operating Assets(A: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3199.164 - 1302.301
=1896.863

Operating Liabilities(A: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1107.515 - 341.139 - 389.888
=376.488

Waqoo'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: Dec. 2025 )
=(2028.686-525.646)/3062.917
=0.49

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3397.952 - 1369.266
=2028.686

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1154.453 - 267.493 - 361.314
=525.646

* 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 0.49 mean?
Waqoo (TSE:4937) has a Scaled Net Operating Assets of 0.49 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 Waqoo and its competitors.
Is Waqoo's Scaled Net Operating Assets too high?
Waqoo's current Scaled Net Operating Assets is 0.49. Overall, Waqoo has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Waqoo's Scaled Net Operating Assets compare to AMZN and BABA?
Waqoo's Scaled Net Operating Assets of 0.49 can be compared against companies in the Retail - Cyclical 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 - Cyclical company?
A good Scaled Net Operating Assets depends on the Retail - Cyclical 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 Waqoo and its competitors. Waqoo's current Scaled Net Operating Assets is 0.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waqoo stock overvalued right now?
Based on GuruFocus' analysis, Waqoo (TSE:4937) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,610.85, compared to a current price of 円1,447.00 — trading 10.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.49. Waqoo's overall GF Score™ is 66/100 with 1 warning sign 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 Waqoo (TSE:4937), the current Scaled Net Operating Assets is 0.49 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 Waqoo (TSE:4937) Overvalued in 2026?

Based on GuruFocus' analysis, Waqoo stock appears to be undervalued. The current stock price of 円1,447.00 is trading 10.2% below its estimated GF Value™ of 円1,610.85. GuruFocus considers Waqoo to be Modestly Undervalued.

Key valuation signals for TSE:4937:

  • Scaled Net Operating Assets: 0.49
  • GF Value™: 円1,610.85 vs. price of 円1,447.00 (10.2% below fair value)
  • GF Score™: 66/100 with 1 warning sign

No single metric tells the full story. See the TSE:4937 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Waqoo Business Description

Address 4th floor, Yokomizo Building, 2-14-1 Kamiuma, Setagaya-ku, Tokyo, JPN, 154-0011
Waqoo Inc is engaged in planning and developing its brand-name goods, like cosmetics, and selling them on the company's website and others, by using digital marketing strategies. It has two segments the D2C business involves planning and developing original brands (cosmetics, etc.) using digital marketing, and the Medical Support Business is an initiative in the field of regenerative medicine, and is expanding into the areas of orthopedics and AGA.
66GF Score

Get the complete analysis for TSE:4937

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

円1,447.00
Price
円1,610.85
GF Value