Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Hankyu Hanshin REIT's operating assets for the quarter that ended in Nov. 2025 was 円177,870 Mil. Hankyu Hanshin REIT's operating liabilities for the quarter that ended in Nov. 2025 was 円9,071 Mil. Hankyu Hanshin REIT's Total Assets for the quarter that ended in May. 2025 was 円182,767 Mil. Therefore, Hankyu Hanshin REIT's scaled net operating assets (SNOA) for the quarter that ended in Nov. 2025 was 0.92.
Hankyu Hanshin REIT Scaled Net Operating Assets Related Terms
Hankyu Hanshin REIT Scaled Net Operating Assets Historical Data
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The historical data trend for Hankyu Hanshin REIT'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.
Hankyu Hanshin REIT Scaled Net Operating Assets Chart
TSE:8977 vs VICI, WPC: Scaled Net Operating Assets Comparison
For the REIT - Diversified subindustry, Hankyu Hanshin REIT'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.
Hankyu Hanshin REIT Scaled Net Operating Assets vs REITs Industry
For the REITs industry and Real Estate sector, Hankyu Hanshin REIT's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Hankyu Hanshin REIT's Scaled Net Operating Assets falls into.
* 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 0.92 mean?
Hankyu Hanshin REIT (TSE:8977) has a Scaled Net Operating Assets of 0.92 as of Nov. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Hankyu Hanshin REIT and its competitors.
Is Hankyu Hanshin REIT's Scaled Net Operating Assets too high?
Hankyu Hanshin REIT's current Scaled Net Operating Assets is 0.92. Overall, Hankyu Hanshin REIT has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hankyu Hanshin REIT's Scaled Net Operating Assets compare to VICI and WPC?
Hankyu Hanshin REIT's Scaled Net Operating Assets of 0.92 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 Hankyu Hanshin REIT and its competitors. Hankyu Hanshin REIT's current Scaled Net Operating Assets is 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hankyu Hanshin REIT stock overvalued right now?
Based on GuruFocus' analysis, Hankyu Hanshin REIT (TSE:8977) is currently considered Modestly Undervalued. The stock's GF Value™ is 円161,504.99, compared to a current price of 円139,900.00 — trading 13.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.92. Hankyu Hanshin REIT's overall GF Score™ is 58/100 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 Hankyu Hanshin REIT (TSE:8977), the current Scaled Net Operating Assets is 0.92 as of Nov. 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 Hankyu Hanshin REIT (TSE:8977) Overvalued in 2026?
Based on GuruFocus' analysis, Hankyu Hanshin REIT stock appears to be undervalued.
The current stock price of 円139,900.00 is trading 13.4% below its estimated GF Value™ of 円161,504.99.
GuruFocus considers Hankyu Hanshin REIT to be Modestly Undervalued.
Key valuation signals for TSE:8977:
Scaled Net Operating Assets: 0.92
GF Value™: 円161,504.99 vs. price of 円139,900.00 (13.4% below fair value)
No single metric tells the full story. See the TSE:8977 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hankyu Hanshin REIT Inc is a real estate investment trust. The firm manages funds contributed by unitholders by investing them mainly in real estate and real estate backed securities. Its portfolio comprises retail facilities, Office use facilities and Complex facilities. The firm holds the majority of its investments in Kansai region.
58GF Score
Get the complete analysis for TSE:8977
Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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