Aqualine (TSE:6173) Scaled Net Operating Assets: -0.28 (As of Feb. 2026)


TSE:6173 Aqualine Ltd TSE:6173
21 GF Score
Price 円13.00
GF Value 円44.79
Valuation Possible Value Trap
! 10 Warning Signs
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What is Aqualine Scaled Net Operating Assets?

Aqualine TSE:6173 21 Scaled Net Operating Assets is -0.28 as of Feb. 2026. GuruFocus rates TSE:6173 with a GF Score™ of 21/100 and a GF Value™ of 円44.79 (Possible Value Trap). The stock has 10 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.

Aqualine's operating assets for the quarter that ended in Feb. 2026 was 円255 Mil. Aqualine's operating liabilities for the quarter that ended in Feb. 2026 was 円369 Mil. Aqualine's Total Assets for the quarter that ended in Aug. 2025 was 円411 Mil. Therefore, Aqualine's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was -0.28.


Aqualine Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Aqualine'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.

Aqualine Scaled Net Operating Assets Chart

Aqualine 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 0.37 0.42 0.22 -0.04 -0.14

Aqualine 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 0.24 0.14 -0.04 -0.12 -0.28

TSE:6173 vs CTAS, CPRT, GPN: Scaled Net Operating Assets Comparison

For the Specialty Business Services subindustry, Aqualine'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.


Aqualine Scaled Net Operating Assets vs Business Services Industry

For the Business Services industry and Industrials sector, Aqualine's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:6173
21GF Score
Aqualine Ltd TSE:6173
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Aqualine 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.

Aqualine'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 )
=(254.846-368.592)/820.666
=-0.14

where

Operating Assets(A: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=602.461 - 347.615
=254.846

Operating Liabilities(A: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=470.662 - 63.123 - 38.947
=368.592

Aqualine'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 )
=(254.846-368.592)/410.804
=-0.28

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=602.461 - 347.615
=254.846

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=470.662 - 63.123 - 38.947
=368.592

* 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 -0.28 mean?
Aqualine (TSE:6173) has a Scaled Net Operating Assets of -0.28 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 Aqualine and its competitors.
Is Aqualine's Scaled Net Operating Assets too high?
Aqualine's current Scaled Net Operating Assets is -0.28. Overall, Aqualine has a GF Score™ of 21/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Aqualine's Scaled Net Operating Assets compare to CTAS and CPRT?
Aqualine's Scaled Net Operating Assets of -0.28 can be compared against companies in the Business Services 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 Business Services company?
A good Scaled Net Operating Assets depends on the Business Services 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 Aqualine and its competitors. Aqualine's current Scaled Net Operating Assets is -0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aqualine stock overvalued right now?
Based on GuruFocus' analysis, Aqualine (TSE:6173) is currently considered Possible Value Trap. The stock's GF Value™ is 円44.79, compared to a current price of 円13.00 — trading 71% below its estimated fair value. The current Scaled Net Operating Assets is -0.28. Aqualine's overall GF Score™ is 21/100 with 10 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 Aqualine (TSE:6173), the current Scaled Net Operating Assets is -0.28 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 Aqualine (TSE:6173) Overvalued in 2026?

Based on GuruFocus' analysis, Aqualine stock appears to be undervalued. The current stock price of 円13.00 is trading 71% below its estimated GF Value™ of 円44.79. GuruFocus considers Aqualine to be Possible Value Trap.

Key valuation signals for TSE:6173:

  • Scaled Net Operating Assets: -0.28
  • GF Value™: 円44.79 vs. price of 円13.00 (71% below fair value)
  • GF Score™: 21/100 with 10 warning signs

No single metric tells the full story. See the TSE:6173 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aqualine Business Description

Address 8-8 Kami-Hatchobori, 6th Floor, 1st Uenoya Building, Naka-ku, Hiroshima, JPN, 730-0012
Aqualine Ltd is engaged in the repair of water supply products. The company operates in three reportable segments. The Water-related Service Support Business provides support to franchisees, including call center operations for emergency water-related trouble repairs and response, sales and installation of water-related products, and other repair work. The Advertising Media Business sells internet advertising in the field of emergency care. The Mineral Water Business involves the sale of mineral water and the handling of water dispensers. It generates the majority of its revenue from the Water-related Service Support Business segment.
21GF Score

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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13.00
Price
円44.79
GF Value