THK Co (TSE:6481) Scaled Net Operating Assets: 0.63 (As of Mar. 2026)

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TSE:6481 THK Co Ltd TSE:6481
55 GF Score
Price 円7,436.00
GF Value 円2,826.83
Valuation Significantly Overvalued
! 7 Warning Signs
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What is THK Co Scaled Net Operating Assets?

THK Co TSE:6481 +2.96% 55 Scaled Net Operating Assets is 0.63 as of Mar. 2026. GuruFocus rates TSE:6481 with a GF Score™ of 55/100 and a GF Value™ of 円2,826.83 (Significantly Overvalued). The stock has 7 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.

THK Co's operating assets for the quarter that ended in Mar. 2026 was 円385,098 Mil. THK Co's operating liabilities for the quarter that ended in Mar. 2026 was 円87,914 Mil. THK Co's Total Assets for the quarter that ended in Dec. 2025 was 円472,992 Mil. Therefore, THK Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.63.


THK Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for THK 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.

THK Co Scaled Net Operating Assets Chart

THK Co Annual Data
Trend Mar16 Mar17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.58 0.57 0.56 0.62 0.49

THK 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 0.59 0.65 0.65 0.53 0.63

TSE:6481 vs GEV, ETN, PH: Scaled Net Operating Assets Comparison

For the Specialty Industrial Machinery subindustry, THK 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.


THK Co Scaled Net Operating Assets vs Industrial Products Industry

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

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


TSE:6481
55GF Score
THK Co Ltd TSE:6481
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

THK 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.

THK 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 )
=(360983-84038)/567418
=0.49

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=472992 - 112009
=360983

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=207243 - 90000 - 33205
=84038

THK Co'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 )
=(385098-87914)/472992
=0.63

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=480619 - 95521
=385098

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=227914 - 80000 - 60000
=87914

* 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 0.63 mean?
THK Co (TSE:6481) has a Scaled Net Operating Assets of 0.63 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 THK Co and its competitors.
Is THK Co's Scaled Net Operating Assets too high?
THK Co's current Scaled Net Operating Assets is 0.63. Overall, THK Co has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does THK Co's Scaled Net Operating Assets compare to GEV and ETN?
THK Co's Scaled Net Operating Assets of 0.63 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 THK Co and its competitors. THK Co's current Scaled Net Operating Assets is 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is THK Co stock overvalued right now?
Based on GuruFocus' analysis, THK Co (TSE:6481) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,826.83, compared to a current price of 円7,436.00 — trading 163.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.63. THK Co's overall GF Score™ is 55/100 with 7 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 THK Co (TSE:6481), the current Scaled Net Operating Assets is 0.63 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 THK Co (TSE:6481) Overvalued in 2026?

Based on GuruFocus' analysis, THK Co stock appears to be overvalued. The current stock price of 円7,436.00 is trading 163.1% above its estimated GF Value™ of 円2,826.83. GuruFocus considers THK Co to be Significantly Overvalued.

Key valuation signals for TSE:6481:

  • Scaled Net Operating Assets: 0.63
  • GF Value™: 円2,826.83 vs. price of 円7,436.00 (163.1% above fair value)
  • GF Score™: 55/100 with 7 warning signs

No single metric tells the full story. See the TSE:6481 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


THK Co Business Description

Other Exchanges THKLY:USA1TK:Germany
Address 2-12-10 Shibaura, Minato-ku, Tokyo, JPN, 108-8506
THK Co Ltd is a Japan-based company that manufactures and sells mechanical components such as LM guides, ball screws, and transportation equipment components, including link balls and suspension ball joints. The company operates through five reportable segments based on regional manufacturing and sales systems: Japan, Americas, Europe, China, and Other. It generates the majority of its revenue from Japan.
55GF Score

Get the complete analysis for TSE:6481

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

円7,436.00
Price
円2,826.83
GF Value