Casa (TSE:7196) Scaled Net Operating Assets: 0.28 (As of Jan. 2026)

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TSE:7196 Casa Inc TSE:7196
66 GF Score
Price 円787.00
GF Value 円983.59
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Casa Scaled Net Operating Assets?

Casa TSE:7196 +0.13% 66 Scaled Net Operating Assets is 0.28 as of Jan. 2026. GuruFocus rates TSE:7196 with a GF Score™ of 66/100 and a GF Value™ of 円983.59 (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.

Casa's operating assets for the quarter that ended in Jan. 2026 was 円12,358 Mil. Casa's operating liabilities for the quarter that ended in Jan. 2026 was 円7,963 Mil. Casa's Total Assets for the quarter that ended in Oct. 2025 was 円15,661 Mil. Therefore, Casa's scaled net operating assets (SNOA) for the quarter that ended in Jan. 2026 was 0.28.


Casa Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Casa'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.

Casa Scaled Net Operating Assets Chart

Casa Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.35 0.31 0.28 0.32 0.28

Casa Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.29 0.27 0.26 0.28 0.25

TSE:7196 vs RKT, FNMA, PFSI: Scaled Net Operating Assets Comparison

For the Mortgage Finance subindustry, Casa'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.


Casa Scaled Net Operating Assets vs Banks Industry

For the Banks industry and Financial Services sector, Casa's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:7196
66GF Score
Casa Inc TSE:7196
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Casa 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.

Casa's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jan. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jan. 2026 )
=(Operating Assets (A: Jan. 2026 )-Operating Liabilities (A: Jan. 2026 ))/Total Assets (A: Jan. 2025 )
=(12357.557-7963.139)/15774.102
=0.28

where

Operating Assets(A: Jan. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=15176.706 - 2819.149
=12357.557

Operating Liabilities(A: Jan. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8578.83 - 4.065 - 611.626
=7963.139

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

Scaled Net Operating Assets (SNOA)(Q: Jan. 2026 )
=(Operating Assets (Q: Jan. 2026 )-Operating Liabilities (Q: Jan. 2026 ))/Total Assets (Q: Oct. 2025 )
=(12357.557-7963.139)/15660.836
=0.28

where

Operating Assets(Q: Jan. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=15176.706 - 2819.149
=12357.557

Operating Liabilities(Q: Jan. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8578.83 - 4.065 - 611.626
=7963.139

* 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 0.28 mean?
Casa (TSE:7196) has a Scaled Net Operating Assets of 0.28 as of Jan. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Casa and its competitors.
Is Casa's Scaled Net Operating Assets too high?
Casa's current Scaled Net Operating Assets is 0.28. Overall, Casa has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Casa's Scaled Net Operating Assets compare to RKT and FNMA?
Casa's Scaled Net Operating Assets of 0.28 can be compared against companies in the Banks 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 Banks company?
A good Scaled Net Operating Assets depends on the Banks 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 Casa and its competitors. Casa's current Scaled Net Operating Assets is 0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Casa stock overvalued right now?
Based on GuruFocus' analysis, Casa (TSE:7196) is currently considered Modestly Undervalued. The stock's GF Value™ is 円983.59, compared to a current price of 円787.00 — trading 20% below its estimated fair value. The current Scaled Net Operating Assets is 0.28. Casa's overall GF Score™ is 66/100 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 Casa (TSE:7196), the current Scaled Net Operating Assets is 0.28 as of Jan. 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 Casa (TSE:7196) Overvalued in 2026?

Based on GuruFocus' analysis, Casa stock appears to be undervalued. The current stock price of 円787.00 is trading 20% below its estimated GF Value™ of 円983.59. GuruFocus considers Casa to be Modestly Undervalued.

Key valuation signals for TSE:7196:

  • Scaled Net Operating Assets: 0.28
  • GF Value™: 円983.59 vs. price of 円787.00 (20% below fair value)
  • GF Score™: 66/100 with 4 warning signs

No single metric tells the full story. See the TSE:7196 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Casa Business Description

Address 2-6-1 Nishi Shinjuku, Shinjuku Sumitomo Building, Shinjuku-ku, Tokyo, JPN, 163-0230
Casa Inc is engaged in rental liability guarantee business. The services provided by the company include casa cloud which is a platform that matches people who want to live with people that want to lend, tenant cafe which is a portal site for Casa subscribers, and oya cafe.
66GF Score

Get the complete analysis for TSE:7196

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

円787.00
Price
円983.59
GF Value