SEC CARBON (TSE:5304) Scaled Net Operating Assets: 0.67 (As of Mar. 2026)


TSE:5304 SEC CARBON Ltd TSE:5304
65 GF Score
Price 円2,462.00
GF Value 円1,609.88
Valuation Significantly Overvalued
! 3 Warning Signs
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What is SEC CARBON Scaled Net Operating Assets?

SEC CARBON TSE:5304 +1.23% 65 Scaled Net Operating Assets is 0.67 as of Mar. 2026. GuruFocus rates TSE:5304 with a GF Score™ of 65/100 and a GF Value™ of 円1,609.88 (Significantly Overvalued). The stock has 3 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.

SEC CARBON's operating assets for the quarter that ended in Mar. 2026 was 円69,483 Mil. SEC CARBON's operating liabilities for the quarter that ended in Mar. 2026 was 円9,357 Mil. SEC CARBON's Total Assets for the quarter that ended in Dec. 2025 was 円89,476 Mil. Therefore, SEC CARBON's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.67.


SEC CARBON Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for SEC CARBON'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.

SEC CARBON Scaled Net Operating Assets Chart

SEC CARBON 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 0.57 0.69 0.70 0.64 0.74

SEC CARBON 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 0.69 0.66 0.69 0.71 0.67

TSE:5304 vs LIN, SHW, ECL: Scaled Net Operating Assets Comparison

For the Specialty Chemicals subindustry, SEC CARBON'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.


SEC CARBON Scaled Net Operating Assets vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, SEC CARBON's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:5304
65GF Score
SEC CARBON Ltd TSE:5304
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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SEC CARBON 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.

SEC CARBON'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 )
=(69483-9357)/81395
=0.74

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=87016 - 17533
=69483

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9390 - 25 - 8
=9357

SEC CARBON'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 )
=(69483-9357)/89476
=0.67

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=87016 - 17533
=69483

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9390 - 25 - 8
=9357

* 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 0.67 mean?
SEC CARBON (TSE:5304) has a Scaled Net Operating Assets of 0.67 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 SEC CARBON and its competitors.
Is SEC CARBON's Scaled Net Operating Assets too high?
SEC CARBON's current Scaled Net Operating Assets is 0.67. Overall, SEC CARBON has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SEC CARBON's Scaled Net Operating Assets compare to LIN and SHW?
SEC CARBON's Scaled Net Operating Assets of 0.67 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 SEC CARBON and its competitors. SEC CARBON's current Scaled Net Operating Assets is 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SEC CARBON stock overvalued right now?
Based on GuruFocus' analysis, SEC CARBON (TSE:5304) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,609.88, compared to a current price of 円2,462.00 — trading 52.9% above its estimated fair value. The current Scaled Net Operating Assets is 0.67. SEC CARBON's overall GF Score™ is 65/100 with 3 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 SEC CARBON (TSE:5304), the current Scaled Net Operating Assets is 0.67 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 SEC CARBON (TSE:5304) Overvalued in 2026?

Based on GuruFocus' analysis, SEC CARBON stock appears to be overvalued. The current stock price of 円2,462.00 is trading 52.9% above its estimated GF Value™ of 円1,609.88. GuruFocus considers SEC CARBON to be Significantly Overvalued.

Key valuation signals for TSE:5304:

  • Scaled Net Operating Assets: 0.67
  • GF Value™: 円1,609.88 vs. price of 円2,462.00 (52.9% above fair value)
  • GF Score™: 65/100 with 3 warning signs

No single metric tells the full story. See the TSE:5304 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SEC CARBON Business Description

Address 1-2-6 Shioe, Amagasaki, Hyogo, JPN
SEC CARBON Ltd engages in the manufacture and sale of carbon products. It offers SK-B graphitized cathode blocks for aluminum smelting; graphite electrodes that are used in electric arc furnaces for steelmaking; and carbon and graphite specialties and materials for use in the semiconductor, aerospace, chemical, electrochemistry, machine, and metallurgy industries. The company also provides the fine powder that is used in various industries, such as paint, sliding materials, metallurgic uses, and batteries.
65GF Score

Get the complete analysis for TSE:5304

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

円2,462.00
Price
円1,609.88
GF Value