Nippon Ski Resort Development Co (TSE:6040) Scaled Net Operating Assets: 0.83 (As of Jan. 2026)

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TSE:6040 Nippon Ski Resort Development Co Ltd TSE:6040
79 GF Score
Price 円503.00
GF Value 円565.28
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Nippon Ski Resort Development Co Scaled Net Operating Assets?

Nippon Ski Resort Development Co TSE:6040 +0.20% 79 Scaled Net Operating Assets is 0.83 as of Jan. 2026. GuruFocus rates TSE:6040 with a GF Score™ of 79/100 and a GF Value™ of 円565.28 (Modestly Undervalued). 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.

Nippon Ski Resort Development Co's operating assets for the quarter that ended in Jan. 2026 was 円13,611 Mil. Nippon Ski Resort Development Co's operating liabilities for the quarter that ended in Jan. 2026 was 円2,428 Mil. Nippon Ski Resort Development Co's Total Assets for the quarter that ended in Jul. 2025 was 円13,405 Mil. Therefore, Nippon Ski Resort Development Co's scaled net operating assets (SNOA) for the quarter that ended in Jan. 2026 was 0.83.


Nippon Ski Resort Development Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Nippon Ski Resort Development Co'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 Ski Resort Development Co Scaled Net Operating Assets Chart

Nippon Ski Resort Development Co Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.51 0.60 0.68 0.89 0.79

Nippon Ski Resort Development Co Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
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 0.94 0.61 0.81 0.66 0.83

TSE:6040 vs LVS, MGM, WYNN: Scaled Net Operating Assets Comparison

For the Resorts & Casinos subindustry, Nippon Ski Resort Development Co'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 Ski Resort Development Co Scaled Net Operating Assets vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Nippon Ski Resort Development Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Nippon Ski Resort Development Co's Scaled Net Operating Assets falls into.


TSE:6040
79GF Score
Nippon Ski Resort Development Co Ltd TSE:6040
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nippon Ski Resort Development Co 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 Ski Resort Development Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jul. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jul. 2025 )
=(Operating Assets (A: Jul. 2025 )-Operating Liabilities (A: Jul. 2025 ))/Total Assets (A: Jul. 2024 )
=(9949.129-1294.802)/10990.294
=0.79

where

Operating Assets(A: Jul. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=13404.943 - 3455.814
=9949.129

Operating Liabilities(A: Jul. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4702.352 - 2682.949 - 724.601
=1294.802

Nippon Ski Resort Development Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jan. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jan. 2026 )
=(Operating Assets (Q: Jan. 2026 )-Operating Liabilities (Q: Jan. 2026 ))/Total Assets (Q: Jul. 2025 )
=(13610.655-2427.587)/13404.943
=0.83

where

Operating Assets(Q: Jan. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=16005.954 - 2395.299
=13610.655

Operating Liabilities(Q: Jan. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6836.375 - 3363.492 - 1045.296
=2427.587

* 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 0.83 mean?
Nippon Ski Resort Development Co (TSE:6040) has a Scaled Net Operating Assets of 0.83 as of Jan. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Nippon Ski Resort Development Co and its competitors.
Is Nippon Ski Resort Development Co's Scaled Net Operating Assets too high?
Nippon Ski Resort Development Co's current Scaled Net Operating Assets is 0.83. Overall, Nippon Ski Resort Development Co has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Ski Resort Development Co's Scaled Net Operating Assets compare to LVS and MGM?
Nippon Ski Resort Development Co's Scaled Net Operating Assets of 0.83 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Scaled Net Operating Assets depends on the Travel & Leisure 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 Ski Resort Development Co and its competitors. Nippon Ski Resort Development Co's current Scaled Net Operating Assets is 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Ski Resort Development Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Ski Resort Development Co (TSE:6040) is currently considered Modestly Undervalued. The stock's GF Value™ is 円565.28, compared to a current price of 円503.00 — trading 11% below its estimated fair value. The current Scaled Net Operating Assets is 0.83. Nippon Ski Resort Development Co's overall GF Score™ is 79/100 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 Nippon Ski Resort Development Co (TSE:6040), the current Scaled Net Operating Assets is 0.83 as of Jan. 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 Ski Resort Development Co (TSE:6040) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Ski Resort Development Co stock appears to be undervalued. The current stock price of 円503.00 is trading 11% below its estimated GF Value™ of 円565.28. GuruFocus considers Nippon Ski Resort Development Co to be Modestly Undervalued.

Key valuation signals for TSE:6040:

  • Scaled Net Operating Assets: 0.83
  • GF Value™: 円565.28 vs. price of 円503.00 (11% below fair value)
  • GF Score™: 79/100 with 3 warning signs

No single metric tells the full story. See the TSE:6040 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nippon Ski Resort Development Co Business Description

Address 6329-1, Hokujo, Hakuba-mura Kitaazumi-gun, Nagano, JPN, 399-9301
Nippon Ski Resort Development Co Ltd engages in the management and operation of ski resorts, and relevant facilities and services. It also provides consulting and advisory services on ski resorts, including technical support, business support, rental business support, and other services.
79GF Score

Get the complete analysis for TSE:6040

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

円503.00
Price
円565.28
GF Value