AirTrip (TSE:6191) Scaled Net Operating Assets: 0.18 (As of Mar. 2026)


TSE:6191 AirTrip Corp TSE:6191
75 GF Score
Price 円870.00
GF Value 円1,438.16
Valuation Significantly Undervalued
! 4 Warning Signs
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What is AirTrip Scaled Net Operating Assets?

AirTrip TSE:6191 +8.75% 75 Scaled Net Operating Assets is 0.18 as of Mar. 2026. GuruFocus rates TSE:6191 with a GF Score™ of 75/100 and a GF Value™ of 円1,438.16 (Significantly Undervalued). The stock has 4 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.

AirTrip's operating assets for the quarter that ended in Mar. 2026 was 円20,451 Mil. AirTrip's operating liabilities for the quarter that ended in Mar. 2026 was 円14,031 Mil. AirTrip's Total Assets for the quarter that ended in Dec. 2025 was 円35,981 Mil. Therefore, AirTrip's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.18.


AirTrip Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for AirTrip'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.

AirTrip Scaled Net Operating Assets Chart

AirTrip Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.19 0.11 -0.02 0.11 0.10

AirTrip 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 0.10 0.10 0.09 0.19 0.18

TSE:6191 vs BKNG, ABNB, RCL: Scaled Net Operating Assets Comparison

For the Travel Services subindustry, AirTrip'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.


AirTrip Scaled Net Operating Assets vs Travel & Leisure Industry

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

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


TSE:6191
75GF Score
AirTrip Corp TSE:6191
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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AirTrip 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.

AirTrip'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 )
=(14075-11206)/28803
=0.10

where

Operating Assets(A: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=32147 - 18072
=14075

Operating Liabilities(A: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=15638 - 2664 - 1768
=11206

AirTrip'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 )
=(20451-14031)/35981
=0.18

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=40809 - 20358
=20451

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=21038 - 4044 - 2963
=14031

* 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 0.18 mean?
AirTrip (TSE:6191) has a Scaled Net Operating Assets of 0.18 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 AirTrip and its competitors.
Is AirTrip's Scaled Net Operating Assets too high?
AirTrip's current Scaled Net Operating Assets is 0.18. Overall, AirTrip has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AirTrip's Scaled Net Operating Assets compare to BKNG and ABNB?
AirTrip's Scaled Net Operating Assets of 0.18 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 AirTrip and its competitors. AirTrip's current Scaled Net Operating Assets is 0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AirTrip stock overvalued right now?
Based on GuruFocus' analysis, AirTrip (TSE:6191) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,438.16, compared to a current price of 円870.00 — trading 39.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.18. AirTrip's overall GF Score™ is 75/100 with 4 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 AirTrip (TSE:6191), the current Scaled Net Operating Assets is 0.18 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 AirTrip (TSE:6191) Overvalued in 2026?

Based on GuruFocus' analysis, AirTrip stock appears to be undervalued. The current stock price of 円870.00 is trading 39.5% below its estimated GF Value™ of 円1,438.16. GuruFocus considers AirTrip to be Significantly Undervalued.

Key valuation signals for TSE:6191:

  • Scaled Net Operating Assets: 0.18
  • GF Value™: 円1,438.16 vs. price of 円870.00 (39.5% below fair value)
  • GF Score™: 75/100 with 4 warning signs

No single metric tells the full story. See the TSE:6191 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AirTrip Business Description

Address 2-5-1, Atago, 19th Floor, Atago Green Hills MORI Tower, Minato-ku, Tokyo, JPN, 105-6219
AirTrip Corp operates an online travel agency in Japan. The company also provides tourism services. In addition, it offers offshore IT development services, including laboratory offshore development and BPO services. Further, the company engages in the investment business. The group operates in three main business pillars: online travel business, IT offshore development business, and investment business.
75GF Score

Get the complete analysis for TSE:6191

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

円870.00
Price
円1,438.16
GF Value