Unbanked (TSE:8746) Scaled Net Operating Assets: 0.04 (As of Mar. 2026)


TSE:8746 Unbanked Inc TSE:8746
46 GF Score
Price 円106.00
GF Value 円434.03
Valuation Possible Value Trap
! 8 Warning Signs
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What is Unbanked Scaled Net Operating Assets?

Unbanked TSE:8746 -0.93% 46 Scaled Net Operating Assets is 0.04 as of Mar. 2026. GuruFocus rates TSE:8746 with a GF Score™ of 46/100 and a GF Value™ of 円434.03 (Possible Value Trap). The stock has 8 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.

Unbanked's operating assets for the quarter that ended in Mar. 2026 was 円24,824 Mil. Unbanked's operating liabilities for the quarter that ended in Mar. 2026 was 円23,252 Mil. Unbanked's Total Assets for the quarter that ended in Sep. 2025 was 円35,358 Mil. Therefore, Unbanked's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.04.


Unbanked Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Unbanked'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.

Unbanked Scaled Net Operating Assets Chart

Unbanked Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.27 0.19 0.34 0.42 0.21

Unbanked Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.36 0.51 0.38 0.24 0.04

TSE:8746 vs MS, GS, SCHW: Scaled Net Operating Assets Comparison

For the Capital Markets subindustry, Unbanked'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.


Unbanked Scaled Net Operating Assets vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Unbanked's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Unbanked's Scaled Net Operating Assets falls into.


TSE:8746
46GF Score
Unbanked Inc TSE:8746
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Unbanked 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.

Unbanked'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 )
=(24824-23252)/7392.245
=0.21

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=26883 - 2059
=24824

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=23582 - 0 - 330
=23252

Unbanked'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 )
=(24824-23252)/35358
=0.04

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=26883 - 2059
=24824

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=23582 - 0 - 330
=23252

* 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 0.04 mean?
Unbanked (TSE:8746) has a Scaled Net Operating Assets of 0.04 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 Unbanked and its competitors.
Is Unbanked's Scaled Net Operating Assets too high?
Unbanked's current Scaled Net Operating Assets is 0.04. Overall, Unbanked has a GF Score™ of 46/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Unbanked's Scaled Net Operating Assets compare to MS and GS?
Unbanked's Scaled Net Operating Assets of 0.04 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 Unbanked and its competitors. Unbanked's current Scaled Net Operating Assets is 0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Unbanked stock overvalued right now?
Based on GuruFocus' analysis, Unbanked (TSE:8746) is currently considered Possible Value Trap. The stock's GF Value™ is 円434.03, compared to a current price of 円106.00 — trading 75.6% below its estimated fair value. The current Scaled Net Operating Assets is 0.04. Unbanked's overall GF Score™ is 46/100 with 8 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 Unbanked (TSE:8746), the current Scaled Net Operating Assets is 0.04 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 Unbanked (TSE:8746) Overvalued in 2026?

Based on GuruFocus' analysis, Unbanked stock appears to be undervalued. The current stock price of 円106.00 is trading 75.6% below its estimated GF Value™ of 円434.03. GuruFocus considers Unbanked to be Possible Value Trap.

Key valuation signals for TSE:8746:

  • Scaled Net Operating Assets: 0.04
  • GF Value™: 円434.03 vs. price of 円106.00 (75.6% below fair value)
  • GF Score™: 46/100 with 8 warning signs

No single metric tells the full story. See the TSE:8746 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Unbanked Business Description

Address Ebisu First Square 9th Floor, 1-18-14 Ebisu, Shibuya-ku, Tokyo, JPN
Unbanked Inc provides commodity futures trading services. It trades for its own account and clients. It also engages in commodity fund business, foreign exchange trading and sale of precious metals.
46GF Score

Get the complete analysis for TSE:8746

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

円106.00
Price
円434.03
GF Value