ACSL (TSE:6232) Scaled Net Operating Assets: 0.58 (As of Dec. 2025)


TSE:6232 ACSL Ltd TSE:6232
64 GF Score
Price 円1,734.00
GF Value 円3,206.55
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is ACSL Scaled Net Operating Assets?

ACSL TSE:6232 -1.76% 64 Scaled Net Operating Assets is 0.58 as of Dec. 2025. GuruFocus rates TSE:6232 with a GF Score™ of 64/100 and a GF Value™ of 円3,206.55 (Significantly Undervalued). The stock has 2 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.

ACSL's operating assets for the quarter that ended in Dec. 2025 was 円3,646.3 Mil. ACSL's operating liabilities for the quarter that ended in Dec. 2025 was 円1,045.4 Mil. ACSL's Total Assets for the quarter that ended in Jun. 2025 was 円4,471.0 Mil. Therefore, ACSL's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.58.


ACSL Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for ACSL'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.

ACSL Scaled Net Operating Assets Chart

ACSL Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Dec22 Dec23 Dec24
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.26 0.32 0.64 0.58 0.49

ACSL Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 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 0.41 0.65 0.42 0.58 0.58

TSE:6232 vs SNDK, DELL, STX: Scaled Net Operating Assets Comparison

For the Computer Hardware subindustry, ACSL'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.


ACSL Scaled Net Operating Assets vs Hardware Industry

For the Hardware industry and Technology sector, ACSL's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:6232
64GF Score
ACSL Ltd TSE:6232
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ACSL 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.

ACSL's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2024 )
=(Operating Assets (A: Dec. 2024 )-Operating Liabilities (A: Dec. 2024 ))/Total Assets (A: Dec. 2023 )
=(3319.679-809.596)/5094.851
=0.49

where

Operating Assets(A: Dec. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4563.259 - 1243.58
=3319.679

Operating Liabilities(A: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4368.655 - 2238.962 - 1320.097
=809.596

ACSL's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(3646.297-1045.414)/4470.98
=0.58

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5665.019 - 2018.722
=3646.297

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3909.101 - 2863.687 - 0
=1045.414

* 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 0.58 mean?
ACSL (TSE:6232) has a Scaled Net Operating Assets of 0.58 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on ACSL and its competitors.
Is ACSL's Scaled Net Operating Assets too high?
ACSL's current Scaled Net Operating Assets is 0.58. Overall, ACSL has a GF Score™ of 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ACSL's Scaled Net Operating Assets compare to SNDK and DELL?
ACSL's Scaled Net Operating Assets of 0.58 can be compared against companies in the Hardware 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 Hardware company?
A good Scaled Net Operating Assets depends on the Hardware 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 ACSL and its competitors. ACSL's current Scaled Net Operating Assets is 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ACSL stock overvalued right now?
Based on GuruFocus' analysis, ACSL (TSE:6232) is currently considered Significantly Undervalued. The stock's GF Value™ is 円3,206.55, compared to a current price of 円1,734.00 — trading 45.9% below its estimated fair value. The current Scaled Net Operating Assets is 0.58. ACSL's overall GF Score™ is 64/100 with 2 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 ACSL (TSE:6232), the current Scaled Net Operating Assets is 0.58 as of Dec. 2025. 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 ACSL (TSE:6232) Overvalued in 2026?

Based on GuruFocus' analysis, ACSL stock appears to be undervalued. The current stock price of 円1,734.00 is trading 45.9% below its estimated GF Value™ of 円3,206.55. GuruFocus considers ACSL to be Significantly Undervalued.

Key valuation signals for TSE:6232:

  • Scaled Net Operating Assets: 0.58
  • GF Value™: 円3,206.55 vs. price of 円1,734.00 (45.9% below fair value)
  • GF Score™: 64/100 with 2 warning signs

No single metric tells the full story. See the TSE:6232 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ACSL Business Description

Address Edogawa-ku, Hulic Kasai Rinkai Building 2F, Tokyo, JPN, 134-0086
ACSL Ltd is an industrial autonomous drone manufacturer and solution provider in Japan. It conducts drone development which is useful for industrial use, such as logistics, aerial photography, surveying and inspection.
64GF Score

Get the complete analysis for TSE:6232

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

円1,734.00
Price
円3,206.55
GF Value