Land Business Co (TSE:8944) Scaled Net Operating Assets: 0.68 (As of Mar. 2026)


TSE:8944 Land Business Co Ltd TSE:8944
65 GF Score
Price 円239.00
GF Value 円529.50
Valuation Possible Value Trap
! 5 Warning Signs
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What is Land Business Co Scaled Net Operating Assets?

Land Business Co TSE:8944 -1.24% 65 Scaled Net Operating Assets is 0.68 as of Mar. 2026. GuruFocus rates TSE:8944 with a GF Score™ of 65/100 and a GF Value™ of 円529.50 (Possible Value Trap). The stock has 5 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.

Land Business Co's operating assets for the quarter that ended in Mar. 2026 was 円46,884 Mil. Land Business Co's operating liabilities for the quarter that ended in Mar. 2026 was 円9,512 Mil. Land Business Co's Total Assets for the quarter that ended in Dec. 2025 was 円55,337 Mil. Therefore, Land Business Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.68.


Land Business Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Land Business 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.

Land Business Co Scaled Net Operating Assets Chart

Land Business Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.74 0.73 0.70 0.74 0.81

Land Business Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 0.79 0.77 0.77 0.68

TSE:8944 vs CBRE, BEKE, JLL: Scaled Net Operating Assets Comparison

For the Real Estate Services subindustry, Land Business 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.


Land Business Co Scaled Net Operating Assets vs Real Estate Industry

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

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


TSE:8944
65GF Score
Land Business Co Ltd TSE:8944
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Land Business 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.

Land Business Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Sep. 2025 )
=(Operating Assets (A: Sep. 2025 )-Operating Liabilities (A: Sep. 2025 ))/Total Assets (A: Sep. 2024 )
=(48856.822-6897.824)/52032.627
=0.81

where

Operating Assets(A: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=56408.122 - 7551.3
=48856.822

Operating Liabilities(A: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=40336.847 - 28561.077 - 4877.946
=6897.824

Land Business 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 )
=(46884.46-9512.167)/55337.068
=0.68

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=56798.765 - 9914.305
=46884.46

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=40194.098 - 25919.799 - 4762.132
=9512.167

* 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 0.68 mean?
Land Business Co (TSE:8944) has a Scaled Net Operating Assets of 0.68 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 Land Business Co and its competitors.
Is Land Business Co's Scaled Net Operating Assets too high?
Land Business Co's current Scaled Net Operating Assets is 0.68. Overall, Land Business Co has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Land Business Co's Scaled Net Operating Assets compare to CBRE and BEKE?
Land Business Co's Scaled Net Operating Assets of 0.68 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 Land Business Co and its competitors. Land Business Co's current Scaled Net Operating Assets is 0.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Land Business Co stock overvalued right now?
Based on GuruFocus' analysis, Land Business Co (TSE:8944) is currently considered Possible Value Trap. The stock's GF Value™ is 円529.50, compared to a current price of 円239.00 — trading 54.9% below its estimated fair value. The current Scaled Net Operating Assets is 0.68. Land Business Co's overall GF Score™ is 65/100 with 5 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 Land Business Co (TSE:8944), the current Scaled Net Operating Assets is 0.68 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 Land Business Co (TSE:8944) Overvalued in 2026?

Based on GuruFocus' analysis, Land Business Co stock appears to be undervalued. The current stock price of 円239.00 is trading 54.9% below its estimated GF Value™ of 円529.50. GuruFocus considers Land Business Co to be Possible Value Trap.

Key valuation signals for TSE:8944:

  • Scaled Net Operating Assets: 0.68
  • GF Value™: 円529.50 vs. price of 円239.00 (54.9% below fair value)
  • GF Score™: 65/100 with 5 warning signs

No single metric tells the full story. See the TSE:8944 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Land Business Co Business Description

Address Kasumigaseki 3-2-5, Kasumigaseki Building 30th Floor, Chiyoda-ku, Tokyo, JPN
Land Business Co Ltd is a real estate services company based in Japan. The company operates through two segments: Real Estate Investment business and Design and Construction business. In the Real Estate Investment business, the company acquires land, inject the know-how, cultivated in the design and build office buildings. The Design and Construction business consists of design supervision business, building and consulting business to support real estate owners.
65GF Score

Get the complete analysis for TSE:8944

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

円239.00
Price
円529.50
GF Value