Sun Frontier Fudousan Co (TSE:8934) Scaled Net Operating Assets: 0.80 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:8934 Sun Frontier Fudousan Co Ltd TSE:8934
93 GF Score
Price 円2,501.00
GF Value 円2,541.28
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Sun Frontier Fudousan Co Scaled Net Operating Assets?

Sun Frontier Fudousan Co TSE:8934 -1.30% 93 Scaled Net Operating Assets is 0.80 as of Mar. 2026. GuruFocus rates TSE:8934 with a GF Score™ of 93/100 and a GF Value™ of 円2,541.28 (Fairly Valued). The stock has 3 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.

Sun Frontier Fudousan Co's operating assets for the quarter that ended in Mar. 2026 was 円225,189 Mil. Sun Frontier Fudousan Co's operating liabilities for the quarter that ended in Mar. 2026 was 円26,049 Mil. Sun Frontier Fudousan Co's Total Assets for the quarter that ended in Dec. 2025 was 円250,219 Mil. Therefore, Sun Frontier Fudousan Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.80.


Sun Frontier Fudousan Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Sun Frontier Fudousan Co'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.

Sun Frontier Fudousan Co Scaled Net Operating Assets Chart

Sun Frontier Fudousan Co 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 0.75 0.72 0.83 0.81 0.91

Sun Frontier Fudousan Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 0.75 0.74 0.78 0.81 0.80

TSE:8934 vs CBRE, BEKE, JLL: Scaled Net Operating Assets Comparison

For the Real Estate Services subindustry, Sun Frontier Fudousan Co'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.


Sun Frontier Fudousan Co Scaled Net Operating Assets vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Sun Frontier Fudousan Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Sun Frontier Fudousan Co's Scaled Net Operating Assets falls into.


TSE:8934
93GF Score
Sun Frontier Fudousan Co Ltd TSE:8934
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sun Frontier Fudousan 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.

Sun Frontier Fudousan 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 )
=(225189-26049)/218190
=0.91

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=264463 - 39274
=225189

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=144080 - 107658 - 10373
=26049

Sun Frontier Fudousan 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 )
=(225189-26049)/250219
=0.80

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=264463 - 39274
=225189

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=144080 - 107658 - 10373
=26049

* 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 0.80 mean?
Sun Frontier Fudousan Co (TSE:8934) has a Scaled Net Operating Assets of 0.80 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 Sun Frontier Fudousan Co and its competitors.
Is Sun Frontier Fudousan Co's Scaled Net Operating Assets too high?
Sun Frontier Fudousan Co's current Scaled Net Operating Assets is 0.80. Overall, Sun Frontier Fudousan Co has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sun Frontier Fudousan Co's Scaled Net Operating Assets compare to CBRE and BEKE?
Sun Frontier Fudousan Co's Scaled Net Operating Assets of 0.80 can be compared against companies in the Real Estate 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 Real Estate company?
A good Scaled Net Operating Assets depends on the Real Estate 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 Sun Frontier Fudousan Co and its competitors. Sun Frontier Fudousan Co's current Scaled Net Operating Assets is 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sun Frontier Fudousan Co stock overvalued right now?
Based on GuruFocus' analysis, Sun Frontier Fudousan Co (TSE:8934) is currently considered Fairly Valued. The stock's GF Value™ is 円2,541.28, compared to a current price of 円2,501.00 — trading 1.6% below its estimated fair value. The current Scaled Net Operating Assets is 0.80. Sun Frontier Fudousan Co's overall GF Score™ is 93/100 with 3 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 Sun Frontier Fudousan Co (TSE:8934), the current Scaled Net Operating Assets is 0.80 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 Sun Frontier Fudousan Co (TSE:8934) Overvalued in 2026?

Based on GuruFocus' analysis, Sun Frontier Fudousan Co stock appears to be undervalued. The current stock price of 円2,501.00 is trading 1.6% below its estimated GF Value™ of 円2,541.28. GuruFocus considers Sun Frontier Fudousan Co to be Fairly Valued.

Key valuation signals for TSE:8934:

  • Scaled Net Operating Assets: 0.80
  • GF Value™: 円2,541.28 vs. price of 円2,501.00 (1.6% below fair value)
  • GF Score™: 93/100 with 3 warning signs

No single metric tells the full story. See the TSE:8934 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sun Frontier Fudousan Co Business Description

Address 2-2, Yurakucho 1-chom, Tokyo, JPN
Sun Frontier Fudousan Co Ltd is a Japan-based real estate services company. The company revitalizes and distributes real estate properties. Its activities include replanning, property management, commercial real estate brokerage, leasing management and construction and renovation. In the real estate revitalization business, it reduces vacancy rates by revitalizing commercial buildings using capitalization method. In the real estate business, it manages commercial property in central Tokyo, under which its main business are replanning, sales brokerage, rental brokerage, building management, construction planning, delinquent rent guarantee and asset consultancy.
93GF Score

Get the complete analysis for TSE:8934

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

円2,501.00
Price
円2,541.28
GF Value