Klass (TSE:6233) Scaled Net Operating Assets: 0.58 (As of Mar. 2026)


TSE:6233 Klass Corp TSE:6233
60 GF Score
Price 円387.00
GF Value 円504.70
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Klass Scaled Net Operating Assets?

Klass TSE:6233 60 Scaled Net Operating Assets is 0.58 as of Mar. 2026. GuruFocus rates TSE:6233 with a GF Score™ of 60/100 and a GF Value™ of 円504.70 (Modestly 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.

Klass's operating assets for the quarter that ended in Mar. 2026 was 円8,119 Mil. Klass's operating liabilities for the quarter that ended in Mar. 2026 was 円2,478 Mil. Klass's Total Assets for the quarter that ended in Sep. 2025 was 円9,779 Mil. Therefore, Klass's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.58.


Klass Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Klass'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.

Klass Scaled Net Operating Assets Chart

Klass 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 0.56 0.61 0.58 0.53 0.56

Klass Semi-Annual Data
Sep16 Sep17 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.54 0.55 0.55 0.55 0.58

TSE:6233 vs GEV, ETN, PH: Scaled Net Operating Assets Comparison

For the Specialty Industrial Machinery subindustry, Klass'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.


Klass Scaled Net Operating Assets vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Klass's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:6233
60GF Score
Klass Corp TSE:6233
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Klass 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.

Klass'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 )
=(8470.758-2847.415)/10124.388
=0.56

where

Operating Assets(A: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=9779.325 - 1308.567
=8470.758

Operating Liabilities(A: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6713.017 - 1799.112 - 2066.49
=2847.415

Klass'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: Sep. 2025 )
=(8119.495-2478.151)/9779.325
=0.58

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=9315.035 - 1195.54
=8119.495

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6141.797 - 1630.788 - 2032.858
=2478.151

* 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?
Klass (TSE:6233) has a Scaled Net Operating Assets of 0.58 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 Klass and its competitors.
Is Klass' Scaled Net Operating Assets too high?
Klass' current Scaled Net Operating Assets is 0.58. Overall, Klass has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Klass' Scaled Net Operating Assets compare to GEV and ETN?
Klass' Scaled Net Operating Assets of 0.58 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Scaled Net Operating Assets depends on the Industrial Products 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 Klass and its competitors. Klass'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 Klass stock overvalued right now?
Based on GuruFocus' analysis, Klass (TSE:6233) is currently considered Modestly Undervalued. The stock's GF Value™ is 円504.70, compared to a current price of 円387.00 — trading 23.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.58. Klass' overall GF Score™ is 60/100 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 Klass (TSE:6233), the current Scaled Net Operating Assets is 0.58 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 Klass (TSE:6233) Overvalued in 2026?

Based on GuruFocus' analysis, Klass stock appears to be undervalued. The current stock price of 円387.00 is trading 23.3% below its estimated GF Value™ of 円504.70. GuruFocus considers Klass to be Modestly Undervalued.

Key valuation signals for TSE:6233:

  • Scaled Net Operating Assets: 0.58
  • GF Value™: 円504.70 vs. price of 円387.00 (23.3% below fair value)
  • GF Score™: 60/100 with 4 warning signs

No single metric tells the full story. See the TSE:6233 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Klass Business Description

Address 190 Hikai, Tatsuno-cho, Hyogo prefecture, 190 Hikai, Tatsuno-cho, Tatsuno, JPN, 699-4195
Klass Corp is a Japan-based machinery manufacturer. The company is mainly engaged in the development, manufacturing, and sale of various automatic and labor-saving machines. Products offered by the company include wallpaper-pasting, floor construction equipment, curtain manufacturing equipment, laminating machine, Tatami manufacturing equipment, sliding door manufacturing equipment, kitchen equipment, and solar power.
60GF Score

Get the complete analysis for TSE:6233

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

円387.00
Price
円504.70
GF Value