Invincible Investment (TSE:8963) Scaled Net Operating Assets: 1.01 (As of Dec. 2025)


TSE:8963 Invincible Investment Corp TSE:8963
68 GF Score
Price 円60,800.00
GF Value 円86,779.74
Valuation Possible Value Trap
! 4 Warning Signs
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What is Invincible Investment Scaled Net Operating Assets?

Invincible Investment TSE:8963 +1.00% 68 Scaled Net Operating Assets is 1.01 as of Dec. 2025. GuruFocus rates TSE:8963 with a GF Score™ of 68/100 and a GF Value™ of 円86,779.74 (Possible Value Trap). The stock has 4 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.

Invincible Investment's operating assets for the quarter that ended in Dec. 2025 was 円684,458 Mil. Invincible Investment's operating liabilities for the quarter that ended in Dec. 2025 was 円5,855 Mil. Invincible Investment's Total Assets for the quarter that ended in Jun. 2025 was 円675,146 Mil. Therefore, Invincible Investment's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 1.01.


Invincible Investment Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Invincible Investment'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.

Invincible Investment Scaled Net Operating Assets Chart

Invincible Investment Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.94 0.93 0.96 1.09 1.14

Invincible Investment Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 1.08 0.95 1.13 0.94 1.01

TSE:8963 vs HST, RHP, APLE: Scaled Net Operating Assets Comparison

For the REIT - Hotel & Motel subindustry, Invincible Investment'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.


Invincible Investment Scaled Net Operating Assets vs REITs Industry

For the REITs industry and Real Estate sector, Invincible Investment's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:8963
68GF Score
Invincible Investment Corp TSE:8963
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Invincible Investment 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.

Invincible Investment's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2024 )
=(Operating Assets (A: Dec. 2024 )-Operating Liabilities (A: Dec. 2024 ))/Total Assets (A: Dec. 2023 )
=(648040.882-5419.405)/563393.061
=1.14

where

Operating Assets(A: Dec. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=680004.964 - 31964.082
=648040.882

Operating Liabilities(A: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=328616.405 - 279173 - 44024
=5419.405

Invincible Investment's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(684458.187-5854.533)/675146.027
=1.01

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=709095.754 - 24637.567
=684458.187

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=354508.533 - 290503.8 - 58150.2
=5854.533

* 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 1.01 mean?
Invincible Investment (TSE:8963) has a Scaled Net Operating Assets of 1.01 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Invincible Investment and its competitors.
Is Invincible Investment's Scaled Net Operating Assets too high?
Invincible Investment's current Scaled Net Operating Assets is 1.01. Overall, Invincible Investment has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Invincible Investment's Scaled Net Operating Assets compare to HST and RHP?
Invincible Investment's Scaled Net Operating Assets of 1.01 can be compared against companies in the REITs 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 REITs company?
A good Scaled Net Operating Assets depends on the REITs 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 Invincible Investment and its competitors. Invincible Investment's current Scaled Net Operating Assets is 1.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Invincible Investment stock overvalued right now?
Based on GuruFocus' analysis, Invincible Investment (TSE:8963) is currently considered Possible Value Trap. The stock's GF Value™ is 円86,779.74, compared to a current price of 円60,800.00 — trading 29.9% below its estimated fair value. The current Scaled Net Operating Assets is 1.01. Invincible Investment's overall GF Score™ is 68/100 with 4 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 Invincible Investment (TSE:8963), the current Scaled Net Operating Assets is 1.01 as of Dec. 2025. 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 Invincible Investment (TSE:8963) Overvalued in 2026?

Based on GuruFocus' analysis, Invincible Investment stock appears to be undervalued. The current stock price of 円60,800.00 is trading 29.9% below its estimated GF Value™ of 円86,779.74. GuruFocus considers Invincible Investment to be Possible Value Trap.

Key valuation signals for TSE:8963:

  • Scaled Net Operating Assets: 1.01
  • GF Value™: 円86,779.74 vs. price of 円60,800.00 (29.9% below fair value)
  • GF Score™: 68/100 with 4 warning signs

No single metric tells the full story. See the TSE:8963 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Invincible Investment Business Description

Industry Real EstateREITs
Address Roppongi Hills Mori Tower 41st Floor, 6-10-1 Roppongi, Minato-ku, Tokyo, JPN
Invincible Investment Corp is a real estate investment corporation. The company is an investment REIT focusing on the Tokyo metropolitan area and on residential properties.
68GF Score

Get the complete analysis for TSE:8963

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

円60,800.00
Price
円86,779.74
GF Value