Two stone & Sons (TSE:7352) Scaled Net Operating Assets: 0.31 (As of Feb. 2026)


TSE:7352 Two stone & Sons Inc TSE:7352
75 GF Score
Price 円382.00
GF Value 円1,428.96
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Two stone & Sons Scaled Net Operating Assets?

Two stone & Sons TSE:7352 -3.05% 75 Scaled Net Operating Assets is 0.31 as of Feb. 2026. GuruFocus rates TSE:7352 with a GF Score™ of 75/100 and a GF Value™ of 円1,428.96 (Significantly 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.

Two stone & Sons's operating assets for the quarter that ended in Feb. 2026 was 円6,134 Mil. Two stone & Sons's operating liabilities for the quarter that ended in Feb. 2026 was 円3,071 Mil. Two stone & Sons's Total Assets for the quarter that ended in Aug. 2025 was 円9,948 Mil. Therefore, Two stone & Sons's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.31.


Two stone & Sons Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Two stone & Sons'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.

Two stone & Sons Scaled Net Operating Assets Chart

Two stone & Sons Annual Data
Trend Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.24 0.52 0.57 0.28 0.36

Two stone & Sons Semi-Annual Data
Aug18 Aug19 Feb20 Aug20 Feb21 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 Premium Member Only Premium Member Only Premium Member Only 0.40 0.25 0.25 0.32 0.31

TSE:7352 vs CTAS, CPRT, ULS: Scaled Net Operating Assets Comparison

For the Specialty Business Services subindustry, Two stone & Sons'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.


Two stone & Sons Scaled Net Operating Assets vs Business Services Industry

For the Business Services industry and Industrials sector, Two stone & Sons's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Two stone & Sons's Scaled Net Operating Assets falls into.


TSE:7352
75GF Score
Two stone & Sons Inc TSE:7352
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Two stone & Sons 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.

Two stone & Sons'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 )
=(5390.63-2842.662)/7101.897
=0.36

where

Operating Assets(A: Aug. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=9947.87 - 4557.24
=5390.63

Operating Liabilities(A: Aug. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6479.943 - 2468.212 - 1169.069
=2842.662

Two stone & Sons'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 )
=(6134.011-3070.837)/9947.87
=0.31

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=10740.776 - 4606.765
=6134.011

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6896.082 - 2461.675 - 1363.57
=3070.837

* 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 0.31 mean?
Two stone & Sons (TSE:7352) has a Scaled Net Operating Assets of 0.31 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 Two stone & Sons and its competitors.
Is Two stone & Sons' Scaled Net Operating Assets too high?
Two stone & Sons' current Scaled Net Operating Assets is 0.31. Overall, Two stone & Sons has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Two stone & Sons' Scaled Net Operating Assets compare to CTAS and CPRT?
Two stone & Sons' Scaled Net Operating Assets of 0.31 can be compared against companies in the Business Services 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 Business Services company?
A good Scaled Net Operating Assets depends on the Business Services 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 Two stone & Sons and its competitors. Two stone & Sons's current Scaled Net Operating Assets is 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Two stone & Sons stock overvalued right now?
Based on GuruFocus' analysis, Two stone & Sons (TSE:7352) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,428.96, compared to a current price of 円382.00 — trading 73.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.31. Two stone & Sons' overall GF Score™ is 75/100 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 Two stone & Sons (TSE:7352), the current Scaled Net Operating Assets is 0.31 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 Two stone & Sons (TSE:7352) Overvalued in 2026?

Based on GuruFocus' analysis, Two stone & Sons stock appears to be undervalued. The current stock price of 円382.00 is trading 73.3% below its estimated GF Value™ of 円1,428.96. GuruFocus considers Two stone & Sons to be Significantly Undervalued.

Key valuation signals for TSE:7352:

  • Scaled Net Operating Assets: 0.31
  • GF Value™: 円1,428.96 vs. price of 円382.00 (73.3% below fair value)
  • GF Score™: 75/100 with 4 warning signs

No single metric tells the full story. See the TSE:7352 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Two stone & Sons Business Description

Address 2-22-3 Shibuya, Shibuya East Exit Building 6F, Shibuya-ku, Tokyo, JPN, 150-0002
Two stone & Sons Inc is an engineering company providing engineering resources to companies, media businesses, and programming school businesses. The company develops services such as in-house media management and client solutions such as contract development.
75GF Score

Get the complete analysis for TSE:7352

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

円382.00
Price
円1,428.96
GF Value