Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Monex Group's operating assets for the quarter that ended in Mar. 2026 was 円693,982 Mil. Monex Group's operating liabilities for the quarter that ended in Mar. 2026 was 円504,600 Mil. Monex Group's Total Assets for the quarter that ended in Dec. 2025 was 円764,879 Mil. Therefore, Monex Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.25.
Monex Group Scaled Net Operating Assets Related Terms
Monex Group Scaled Net Operating Assets Historical Data
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The historical data trend for Monex Group'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.
TSE:8698 vs MS, GS, SCHW: Scaled Net Operating Assets Comparison
For the Capital Markets subindustry, Monex Group'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.
Monex Group Scaled Net Operating Assets vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Monex Group's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Monex Group's Scaled Net Operating Assets falls into.
* 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 0.25 mean?
Monex Group (TSE:8698) has a Scaled Net Operating Assets of 0.25 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 Monex Group and its competitors.
Is Monex Group's Scaled Net Operating Assets too high?
Monex Group's current Scaled Net Operating Assets is 0.25. Overall, Monex Group has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Monex Group's Scaled Net Operating Assets compare to MS and GS?
Monex Group's Scaled Net Operating Assets of 0.25 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 Monex Group and its competitors. Monex Group's current Scaled Net Operating Assets is 0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Monex Group stock overvalued right now?
Based on GuruFocus' analysis, Monex Group (TSE:8698) is currently considered Modestly Undervalued. The stock's GF Value™ is 円799.45, compared to a current price of 円690.00 — trading 13.7% below its estimated fair value. The current Scaled Net Operating Assets is 0.25. Monex Group's overall GF Score™ is 57/100 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 Monex Group (TSE:8698), the current Scaled Net Operating Assets is 0.25 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 Monex Group (TSE:8698) Overvalued in 2026?
Based on GuruFocus' analysis, Monex Group stock appears to be undervalued.
The current stock price of 円690.00 is trading 13.7% below its estimated GF Value™ of 円799.45.
GuruFocus considers Monex Group to be Modestly Undervalued.
Key valuation signals for TSE:8698:
Scaled Net Operating Assets: 0.25
GF Value™: 円799.45 vs. price of 円690.00 (13.7% below fair value)
No single metric tells the full story. See the TSE:8698 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Monex Group Inc is functional in the financial services domain of Japan. Its core business is that of securities trading. Operating in the capital markets industry, the company renders such services as online securities business, the foreign exchange (FX) trading business, as well as the provision of merger and acquisition (M&A) advisory services. Most of its revenue is in the form of brokerage derived from its capital market activities majorly in Japan and on a minor scale in the United States and China.
57GF 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.
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