Asterisk (TSE:6522) Scaled Net Operating Assets: 0.59 (As of Feb. 2026)


TSE:6522 Asterisk Inc TSE:6522
55 GF Score
Price 円1,950.00
GF Value 円409.22
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Asterisk Scaled Net Operating Assets?

Asterisk TSE:6522 -0.51% 55 Scaled Net Operating Assets is 0.59 as of Feb. 2026. GuruFocus rates TSE:6522 with a GF Score™ of 55/100 and a GF Value™ of 円409.22 (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.

Asterisk's operating assets for the quarter that ended in Feb. 2026 was 円1,958 Mil. Asterisk's operating liabilities for the quarter that ended in Feb. 2026 was 円305 Mil. Asterisk's Total Assets for the quarter that ended in Aug. 2025 was 円2,781 Mil. Therefore, Asterisk's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.59.


Asterisk Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Asterisk'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.

Asterisk Scaled Net Operating Assets Chart

Asterisk Annual Data
Trend Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.59 0.77 0.85 0.67 0.57

Asterisk Semi-Annual Data
Aug19 Aug20 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.77 0.68 0.69 0.54 0.59

TSE:6522 vs CSCO, CIEN, MSI: Scaled Net Operating Assets Comparison

For the Communication Equipment subindustry, Asterisk'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.


Asterisk Scaled Net Operating Assets vs Hardware Industry

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

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


TSE:6522
55GF Score
Asterisk Inc TSE:6522
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Asterisk 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.

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

Scaled Net Operating Assets (SNOA)(A: Aug. 2025 )
=(Operating Assets (A: Aug. 2025 )-Operating Liabilities (A: Aug. 2025 ))/Total Assets (A: Aug. 2024 )
=(1848.955-330.308)/2657.236
=0.57

where

Operating Assets(A: Aug. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2781.213 - 932.258
=1848.955

Operating Liabilities(A: Aug. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1051.986 - 50.02 - 671.658
=330.308

Asterisk's Scaled Net Operating Assets (SNOA) for the quarter that ended in Feb. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Feb. 2026 )
=(Operating Assets (Q: Feb. 2026 )-Operating Liabilities (Q: Feb. 2026 ))/Total Assets (Q: Aug. 2025 )
=(1957.693-304.808)/2781.213
=0.59

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2726.853 - 769.16
=1957.693

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1016.49 - 40.024 - 671.658
=304.808

* 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 0.59 mean?
Asterisk (TSE:6522) has a Scaled Net Operating Assets of 0.59 as of Feb. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Asterisk and its competitors.
Is Asterisk's Scaled Net Operating Assets too high?
Asterisk's current Scaled Net Operating Assets is 0.59. Overall, Asterisk has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Asterisk's Scaled Net Operating Assets compare to CSCO and CIEN?
Asterisk's Scaled Net Operating Assets of 0.59 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 Asterisk and its competitors. Asterisk's current Scaled Net Operating Assets is 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asterisk stock overvalued right now?
Based on GuruFocus' analysis, Asterisk (TSE:6522) is currently considered Significantly Overvalued. The stock's GF Value™ is 円409.22, compared to a current price of 円1,950.00 — trading 376.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.59. Asterisk'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 Asterisk (TSE:6522), the current Scaled Net Operating Assets is 0.59 as of Feb. 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 Asterisk (TSE:6522) Overvalued in 2026?

Based on GuruFocus' analysis, Asterisk stock appears to be overvalued. The current stock price of 円1,950.00 is trading 376.5% above its estimated GF Value™ of 円409.22. GuruFocus considers Asterisk to be Significantly Overvalued.

Key valuation signals for TSE:6522:

  • Scaled Net Operating Assets: 0.59
  • GF Value™: 円409.22 vs. price of 円1,950.00 (376.5% above fair value)
  • GF Score™: 55/100 with 7 warning signs

No single metric tells the full story. See the TSE:6522 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Asterisk Business Description

Address 2-2-1 Kikawanishi, AsTech Osaka Building, Yodogawa-ku, Osaka, JPN, 532-0013
Asterisk Inc is predominantly engaged in the manufacturing, development, and sales of RFID readers and barcode scanners that utilize mobile smartphones, as well as the development and sales of management systems that utilize image recognition technologies. The company's reportable segments are AsReader Business, System Integration Business, and Rental Business. The majority of its revenue is generated from the AsReader Business, which develops and sells hardware and software products and offers services that utilize its proprietary image recognition and AI technologies. The various products offered under this segment include barcode readers, RFID readers, image recognition products, wireless communication and infrared products, and others under the brand name AsReader (Asterisk Reader).
55GF Score

Get the complete analysis for TSE:6522

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

円1,950.00
Price
円409.22
GF Value