HS Holdings Co (TSE:8699) Scaled Net Operating Assets: 0.73 (As of Mar. 2026)


TSE:8699 HS Holdings Co Ltd TSE:8699
77 GF Score
Price 円1,160.00
GF Value 円1,422.56
Valuation Modestly Undervalued
! 2 Warning Signs
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What is HS Holdings Co Scaled Net Operating Assets?

HS Holdings Co TSE:8699 -1.02% 77 Scaled Net Operating Assets is 0.73 as of Mar. 2026. GuruFocus rates TSE:8699 with a GF Score™ of 77/100 and a GF Value™ of 円1,422.56 (Modestly Undervalued). The stock has 2 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.

HS Holdings Co's operating assets for the quarter that ended in Mar. 2026 was 円113,199 Mil. HS Holdings Co's operating liabilities for the quarter that ended in Mar. 2026 was 円29,135 Mil. HS Holdings Co's Total Assets for the quarter that ended in Sep. 2025 was 円114,739 Mil. Therefore, HS Holdings Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.73.

TSE:8699
77GF Score
HS Holdings Co Ltd TSE:8699
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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HS Holdings Co 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.

HS Holdings Co'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 )
=(113199-29135)/115334
=0.73

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=131996 - 18797
=113199

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=31361 - 2226 - 0
=29135

HS Holdings Co'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: Sep. 2025 )
=(113199-29135)/114739
=0.73

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=131996 - 18797
=113199

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=31361 - 2226 - 0
=29135

* 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 0.73 mean?
HS Holdings Co (TSE:8699) has a Scaled Net Operating Assets of 0.73 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 HS Holdings Co and its competitors.
Is HS Holdings Co's Scaled Net Operating Assets too high?
HS Holdings Co's current Scaled Net Operating Assets is 0.73. Overall, HS Holdings Co has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HS Holdings Co's Scaled Net Operating Assets compare to MS and GS?
HS Holdings Co's Scaled Net Operating Assets of 0.73 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 HS Holdings Co and its competitors. HS Holdings Co's current Scaled Net Operating Assets is 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HS Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, HS Holdings Co (TSE:8699) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,422.56, compared to a current price of 円1,160.00 — trading 18.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.73. HS Holdings Co's overall GF Score™ is 77/100 with 2 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 HS Holdings Co (TSE:8699), the current Scaled Net Operating Assets is 0.73 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 HS Holdings Co (TSE:8699) Overvalued in 2026?

Based on GuruFocus' analysis, HS Holdings Co stock appears to be undervalued. The current stock price of 円1,160.00 is trading 18.5% below its estimated GF Value™ of 円1,422.56. GuruFocus considers HS Holdings Co to be Modestly Undervalued.

Key valuation signals for TSE:8699:

  • Scaled Net Operating Assets: 0.73
  • GF Value™: 円1,422.56 vs. price of 円1,160.00 (18.5% below fair value)
  • GF Score™: 77/100 with 2 warning signs

No single metric tells the full story. See the TSE:8699 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

HS Holdings Co Business Description

Address Nishi 6-chome, No. 8 No. 1 Sumitomo Fudosan Shinjuku Oak Tower, 27th floor, Shinjuku-ku, Yubinbango, Tokyo, JPN, 163-6027
HS Holdings Co Ltd is engaged in management and investment services. It also provides merger and acquisition brokerage or consulting services.
77GF Score

Get the complete analysis for TSE:8699

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

円1,160.00
Price
円1,422.56
GF Value