Okasan Securities Group (TSE:8609) Scaled Net Operating Assets: 0.53 (As of Mar. 2026)


TSE:8609 Okasan Securities Group Inc TSE:8609
58 GF Score
Price 円1,020.00
GF Value 円894.88
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Okasan Securities Group Scaled Net Operating Assets?

Okasan Securities Group TSE:8609 +0.69% 58 Scaled Net Operating Assets is 0.53 as of Mar. 2026. GuruFocus rates TSE:8609 with a GF Score™ of 58/100 and a GF Value™ of 円894.88 (Modestly Overvalued). 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.

Okasan Securities Group's operating assets for the quarter that ended in Mar. 2026 was 円1,291,743 Mil. Okasan Securities Group's operating liabilities for the quarter that ended in Mar. 2026 was 円629,022 Mil. Okasan Securities Group's Total Assets for the quarter that ended in Dec. 2025 was 円1,245,082 Mil. Therefore, Okasan Securities Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.53.

TSE:8609
58GF Score
Okasan Securities Group Inc TSE:8609
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Okasan Securities Group 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.

Okasan Securities Group'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 )
=(1291743-629022)/1379738
=0.48

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1401090 - 109347
=1291743

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1170120 - 541098 - 0
=629022

Okasan Securities Group'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 )
=(1291743-629022)/1245082
=0.53

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1401090 - 109347
=1291743

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1170120 - 541098 - 0
=629022

* 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 0.53 mean?
Okasan Securities Group (TSE:8609) has a Scaled Net Operating Assets of 0.53 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 Okasan Securities Group and its competitors.
Is Okasan Securities Group's Scaled Net Operating Assets too high?
Okasan Securities Group's current Scaled Net Operating Assets is 0.53. Overall, Okasan Securities Group has a GF Score™ of 58/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Okasan Securities Group's Scaled Net Operating Assets compare to MS and GS?
Okasan Securities Group's Scaled Net Operating Assets of 0.53 can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Scaled Net Operating Assets depends on the Capital Markets 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 Okasan Securities Group and its competitors. Okasan Securities Group's current Scaled Net Operating Assets is 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Okasan Securities Group stock overvalued right now?
Based on GuruFocus' analysis, Okasan Securities Group (TSE:8609) is currently considered Modestly Overvalued. The stock's GF Value™ is 円894.88, compared to a current price of 円1,020.00 — trading 14% above its estimated fair value. The current Scaled Net Operating Assets is 0.53. Okasan Securities Group's overall GF Score™ is 58/100 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 Okasan Securities Group (TSE:8609), the current Scaled Net Operating Assets is 0.53 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 Okasan Securities Group (TSE:8609) Overvalued in 2026?

Based on GuruFocus' analysis, Okasan Securities Group stock appears to be overvalued. The current stock price of 円1,020.00 is trading 14% above its estimated GF Value™ of 円894.88. GuruFocus considers Okasan Securities Group to be Modestly Overvalued.

Key valuation signals for TSE:8609:

  • Scaled Net Operating Assets: 0.53
  • GF Value™: 円894.88 vs. price of 円1,020.00 (14% above fair value)
  • GF Score™: 58/100 with 4 warning signs

No single metric tells the full story. See the TSE:8609 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Okasan Securities Group Business Description

Other Exchanges 8609:Japan
Address 1-17-6, Nihonbashi, Chuo-ku, Tokyo, JPN, 103-8268
Okasan Securities Group Inc is a Japan-based holding company that conducts businesses through a network of domestic and overseas subsidiaries. The company has three business segments. The securities business, which accounts for the majority of sales, is involved in trading, brokerage, underwriting, and distribution of securities, public offering, secondary distribution of securities, and private offering of securities. The asset-management business is involved in investment management and investment advisory. The support business is engaged in information processing services, administrative support services, custodianship, and temping services. The company generates the majority of revenue from Japan.
58GF Score

Get the complete analysis for TSE:8609

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

円1,020.00
Price
円894.88
GF Value