Toho Bank (TSE:8346) Scaled Net Operating Assets: -0.07 (As of Mar. 2026)


TSE:8346 Toho Bank Ltd TSE:8346
47 GF Score
Price 円823.00
GF Value 円418.64
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Toho Bank Scaled Net Operating Assets?

Toho Bank TSE:8346 +0.61% 47 Scaled Net Operating Assets is -0.07 as of Mar. 2026. GuruFocus rates TSE:8346 with a GF Score™ of 47/100 and a GF Value™ of 円418.64 (Significantly Overvalued). The stock has 6 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.

Toho Bank's operating assets for the quarter that ended in Mar. 2026 was 円5,795,670 Mil. Toho Bank's operating liabilities for the quarter that ended in Mar. 2026 was 円6,281,107 Mil. Toho Bank's Total Assets for the quarter that ended in Dec. 2025 was 円6,631,618 Mil. Therefore, Toho Bank's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was -0.07.

TSE:8346
47GF Score
Toho Bank Ltd TSE:8346
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Toho Bank 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.

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

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(5795670-6281107)/6653240
=-0.07

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=6742383 - 946713
=5795670

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6524637 - 243530 - 0
=6281107

Toho Bank'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 )
=(5795670-6281107)/6631618
=-0.07

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=6742383 - 946713
=5795670

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6524637 - 243530 - 0
=6281107

* 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 -0.07 mean?
Toho Bank (TSE:8346) has a Scaled Net Operating Assets of -0.07 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 Toho Bank and its competitors.
Is Toho Bank's Scaled Net Operating Assets too high?
Toho Bank's current Scaled Net Operating Assets is -0.07. Overall, Toho Bank has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toho Bank's Scaled Net Operating Assets compare to competitors?
Toho Bank's Scaled Net Operating Assets of -0.07 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 Toho Bank and its competitors. Toho Bank's current Scaled Net Operating Assets is -0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toho Bank stock overvalued right now?
Based on GuruFocus' analysis, Toho Bank (TSE:8346) is currently considered Significantly Overvalued. The stock's GF Value™ is 円418.64, compared to a current price of 円823.00 — trading 96.6% above its estimated fair value. The current Scaled Net Operating Assets is -0.07. Toho Bank's overall GF Score™ is 47/100 with 6 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 Toho Bank (TSE:8346), the current Scaled Net Operating Assets is -0.07 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 Toho Bank (TSE:8346) Overvalued in 2026?

Based on GuruFocus' analysis, Toho Bank stock appears to be overvalued. The current stock price of 円823.00 is trading 96.6% above its estimated GF Value™ of 円418.64. GuruFocus considers Toho Bank to be Significantly Overvalued.

Key valuation signals for TSE:8346:

  • Scaled Net Operating Assets: -0.07
  • GF Value™: 円418.64 vs. price of 円823.00 (96.6% above fair value)
  • GF Score™: 47/100 with 6 warning signs

No single metric tells the full story. See the TSE:8346 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Toho Bank Business Description

Address 3-25, Ohmachi, Fukushima, JPN, 960-8633
Toho Bank Ltd is a Japanese regional commercial bank group operating in the Fukushima prefecture of the island nation. The group consists of a bank and seven subsidiaries, which provide banking, leasing, credit card, and credit guaranteeing services. The banking business consists of money transfer, lending, foreign exchange services, and associate businesses. Most of the group's earnings assets are in loans and bill discounted, followed by securities. Net interest income and fees and commissions income generate most of the group's income.
47GF Score

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

円823.00
Price
円418.64
GF Value