Kyokuto Securities Co (TSE:8706) Scaled Net Operating Assets: 0.53 (As of Mar. 2026)

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TSE:8706 Kyokuto Securities Co Ltd TSE:8706
65 GF Score
Price 円1,755.00
GF Value 円1,635.07
Valuation Fairly Valued
! 6 Warning Signs
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What is Kyokuto Securities Co Scaled Net Operating Assets?

Kyokuto Securities Co TSE:8706 +1.80% 65 Scaled Net Operating Assets is 0.53 as of Mar. 2026. GuruFocus rates TSE:8706 with a GF Score™ of 65/100 and a GF Value™ of 円1,635.07 (Fairly Valued). 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.

Kyokuto Securities Co's operating assets for the quarter that ended in Mar. 2026 was 円58,888 Mil. Kyokuto Securities Co's operating liabilities for the quarter that ended in Mar. 2026 was 円14,692 Mil. Kyokuto Securities Co's Total Assets for the quarter that ended in Dec. 2025 was 円84,046 Mil. Therefore, Kyokuto Securities Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.53.

TSE:8706
65GF Score
Kyokuto Securities Co Ltd TSE:8706
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Kyokuto Securities 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.

Kyokuto Securities 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 )
=(58888-14692)/78597
=0.56

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=80600 - 21712
=58888

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=28092 - 13400 - 0
=14692

Kyokuto Securities 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: Dec. 2025 )
=(58888-14692)/84046
=0.53

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=80600 - 21712
=58888

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=28092 - 13400 - 0
=14692

* 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?
Kyokuto Securities Co (TSE:8706) 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 Kyokuto Securities Co and its competitors.
Is Kyokuto Securities Co's Scaled Net Operating Assets too high?
Kyokuto Securities Co's current Scaled Net Operating Assets is 0.53. Overall, Kyokuto Securities Co has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kyokuto Securities Co's Scaled Net Operating Assets compare to MS and GS?
Kyokuto Securities Co'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 Kyokuto Securities Co and its competitors. Kyokuto Securities Co'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 Kyokuto Securities Co stock overvalued right now?
Based on GuruFocus' analysis, Kyokuto Securities Co (TSE:8706) is currently considered Fairly Valued. The stock's GF Value™ is 円1,635.07, compared to a current price of 円1,755.00 — trading 7.3% above its estimated fair value. The current Scaled Net Operating Assets is 0.53. Kyokuto Securities Co's overall GF Score™ is 65/100 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 Kyokuto Securities Co (TSE:8706), 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 Kyokuto Securities Co (TSE:8706) Overvalued in 2026?

Based on GuruFocus' analysis, Kyokuto Securities Co stock appears to be overvalued. The current stock price of 円1,755.00 is trading 7.3% above its estimated GF Value™ of 円1,635.07. GuruFocus considers Kyokuto Securities Co to be Fairly Valued.

Key valuation signals for TSE:8706:

  • Scaled Net Operating Assets: 0.53
  • GF Value™: 円1,635.07 vs. price of 円1,755.00 (7.3% above fair value)
  • GF Score™: 65/100 with 6 warning signs

No single metric tells the full story. See the TSE:8706 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Kyokuto Securities Co Business Description

Address Kayabacho 1-4-7 Nihonbashi, Chuo-ku, Tokyo, JPN, 103-0025
Kyokuto Securities Co Ltd is a financial services company whose activities include dealing, brokerage, underwriting, and distribution of securities. It operates its investment and financial service business in four segments Financial Products Trading Business, Real Estate Business, Investment Business and Research and Study Business. The company earns the majority of its revenue from mainly from securities business including, among other things, agency or principal trading in securities, underwriting, offering and selling of securities and provision of other securities-related services, through which the company offers a range of financial and other related services.
65GF Score

Get the complete analysis for TSE:8706

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

円1,755.00
Price
円1,635.07
GF Value