Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Japan Excellent's operating assets for the quarter that ended in Dec. 2025 was 円287,409 Mil. Japan Excellent's operating liabilities for the quarter that ended in Dec. 2025 was 円17,384 Mil. Japan Excellent's Total Assets for the quarter that ended in Jun. 2025 was 円295,765 Mil. Therefore, Japan Excellent's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.91.
Japan Excellent Scaled Net Operating Assets Related Terms
Japan Excellent Scaled Net Operating Assets Historical Data
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The historical data trend for Japan Excellent'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.
TSE:8987 vs BXP, ARE, VNO: Scaled Net Operating Assets Comparison
For the REIT - Office subindustry, Japan Excellent'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.
Japan Excellent Scaled Net Operating Assets vs REITs Industry
For the REITs industry and Real Estate sector, Japan Excellent's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Japan Excellent'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 0.91 mean?
Japan Excellent (TSE:8987) has a Scaled Net Operating Assets of 0.91 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 Japan Excellent and its competitors.
Is Japan Excellent's Scaled Net Operating Assets too high?
Japan Excellent's current Scaled Net Operating Assets is 0.91. Overall, Japan Excellent has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Japan Excellent's Scaled Net Operating Assets compare to BXP and ARE?
Japan Excellent's Scaled Net Operating Assets of 0.91 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 Japan Excellent and its competitors. Japan Excellent's current Scaled Net Operating Assets is 0.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Excellent stock overvalued right now?
Based on GuruFocus' analysis, Japan Excellent (TSE:8987) is currently considered Fairly Valued. The stock's GF Value™ is 円128,673.64, compared to a current price of 円139,500.00 — trading 8.4% above its estimated fair value. The current Scaled Net Operating Assets is 0.91. Japan Excellent's overall GF Score™ is 68/100 with 9 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 Japan Excellent (TSE:8987), the current Scaled Net Operating Assets is 0.91 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 Japan Excellent (TSE:8987) Overvalued in 2026?
Based on GuruFocus' analysis, Japan Excellent stock appears to be overvalued.
The current stock price of 円139,500.00 is trading 8.4% above its estimated GF Value™ of 円128,673.64.
GuruFocus considers Japan Excellent to be Fairly Valued.
Key valuation signals for TSE:8987:
Scaled Net Operating Assets: 0.91
GF Value™: 円128,673.64 vs. price of 円139,500.00 (8.4% above fair value)
No single metric tells the full story. See the TSE:8987 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Japan Excellent Inc is a real estate investment trust. It mainly invests in office buildings located in major metropolitan areas and pursues to create a portfolio that produces stable growth of income by acquiring properties. The company's portfolio of assets is managed by Japan Excellent Asset Management Co., Ltd.
68GF Score
Get the complete analysis for TSE:8987
Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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