Optorun Co (TSE:6235) Scaled Net Operating Assets: 0.40 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:6235 Optorun Co Ltd TSE:6235
79 GF Score
Price 円3,580.00
GF Value 円2,156.66
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Optorun Co Scaled Net Operating Assets?

Optorun Co TSE:6235 -0.69% 79 Scaled Net Operating Assets is 0.40 as of Dec. 2025. GuruFocus rates TSE:6235 with a GF Score™ of 79/100 and a GF Value™ of 円2,156.66 (Significantly Overvalued). 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.

Optorun Co's operating assets for the quarter that ended in Dec. 2025 was 円54,704 Mil. Optorun Co's operating liabilities for the quarter that ended in Dec. 2025 was 円23,135 Mil. Optorun Co's Total Assets for the quarter that ended in Sep. 2025 was 円79,773 Mil. Therefore, Optorun Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.40.


Optorun Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Optorun 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.

Optorun Co Scaled Net Operating Assets Chart

Optorun Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.26 0.27 0.29 0.40 0.39

Optorun Co 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 0.39 0.38 0.37 0.40 0.59

TSE:6235 vs GEV, ETN, PH: Scaled Net Operating Assets Comparison

For the Specialty Industrial Machinery subindustry, Optorun 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.


Optorun Co Scaled Net Operating Assets vs Industrial Products Industry

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

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


TSE:6235
79GF Score
Optorun Co Ltd TSE:6235
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Optorun 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.

Optorun Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(54703.965-23134.63)/81439.746
=0.39

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=86146.398 - 31442.433
=54703.965

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=28539.781 - 4995.202 - 409.949
=23134.63

Optorun Co'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: Sep. 2025 )
=(54703.965-23134.63)/79772.709
=0.40

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=86146.398 - 31442.433
=54703.965

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=28539.781 - 4995.202 - 409.949
=23134.63

* 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 0.40 mean?
Optorun Co (TSE:6235) has a Scaled Net Operating Assets of 0.40 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 Optorun Co and its competitors.
Is Optorun Co's Scaled Net Operating Assets too high?
Optorun Co's current Scaled Net Operating Assets is 0.40. Overall, Optorun Co has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Optorun Co's Scaled Net Operating Assets compare to GEV and ETN?
Optorun Co's Scaled Net Operating Assets of 0.40 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 Optorun Co and its competitors. Optorun Co's current Scaled Net Operating Assets is 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Optorun Co stock overvalued right now?
Based on GuruFocus' analysis, Optorun Co (TSE:6235) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,156.66, compared to a current price of 円3,580.00 — trading 66% above its estimated fair value. The current Scaled Net Operating Assets is 0.40. Optorun Co's overall GF Score™ is 79/100 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 Optorun Co (TSE:6235), the current Scaled Net Operating Assets is 0.40 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 Optorun Co (TSE:6235) Overvalued in 2026?

Based on GuruFocus' analysis, Optorun Co stock appears to be overvalued. The current stock price of 円3,580.00 is trading 66% above its estimated GF Value™ of 円2,156.66. GuruFocus considers Optorun Co to be Significantly Overvalued.

Key valuation signals for TSE:6235:

  • Scaled Net Operating Assets: 0.40
  • GF Value™: 円2,156.66 vs. price of 円3,580.00 (66% above fair value)
  • GF Score™: 79/100 with 4 warning signs

No single metric tells the full story. See the TSE:6235 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Optorun Co Business Description

Address 1-1, Fujimi 6-chome, Saitama-ken, Tsurugashima, JPN, 350-0801
Optorun Co Ltd is engaged in manufacturing, distribution and import/export of vacuum coating machines, peripheral equipment, and units using vacuum coating products. Precise control and physical vapor deposition (PVD) speed stabilization, are the pillars of thin film manufacturing technology. It uses such technology for the performance of RF ion sources, optical film thickness monitors, and sensor units. The company utilizes vacuum deposition equipment in the antireflection coating and hard coating for mobile phones, heat transmission mirrors are used in medical lighting, DVD pickup lenses, and other products.
79GF Score

Get the complete analysis for TSE:6235

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

円3,580.00
Price
円2,156.66
GF Value