Tokai Kisen Co (TSE:9173) Scaled Net Operating Assets: 0.62 (As of Dec. 2025)

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TSE:9173 Tokai Kisen Co Ltd TSE:9173
63 GF Score
Price 円2,934.00
GF Value 円2,779.34
Valuation Fairly Valued
! 4 Warning Signs
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What is Tokai Kisen Co Scaled Net Operating Assets?

Tokai Kisen Co TSE:9173 +0.03% 63 Scaled Net Operating Assets is 0.62 as of Dec. 2025. GuruFocus rates TSE:9173 with a GF Score™ of 63/100 and a GF Value™ of 円2,779.34 (Fairly Valued). 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.

Tokai Kisen Co's operating assets for the quarter that ended in Dec. 2025 was 円16,862 Mil. Tokai Kisen Co's operating liabilities for the quarter that ended in Dec. 2025 was 円3,554 Mil. Tokai Kisen Co's Total Assets for the quarter that ended in Sep. 2025 was 円21,528 Mil. Therefore, Tokai Kisen Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.62.


Tokai Kisen Co Scaled Net Operating Assets Historical Data

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The historical data trend for Tokai Kisen 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.

Tokai Kisen Co Scaled Net Operating Assets Chart

Tokai Kisen Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.77 0.63 0.60 0.59 0.59

Tokai Kisen Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 0.60 0.57 0.59 0.62 0.63

Tokai Kisen Co Scaled Net Operating Assets Competitor Comparison

For the Marine Shipping subindustry, Tokai Kisen 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.


Tokai Kisen Co Scaled Net Operating Assets vs Transportation Industry

For the Transportation industry and Industrials sector, Tokai Kisen Co's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:9173
63GF Score
Tokai Kisen Co Ltd TSE:9173
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Tokai Kisen 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.

Tokai Kisen Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(16862.035-3554.171)/22506.656
=0.59

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=20744.362 - 3882.327
=16862.035

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=13819.735 - 6737.029 - 3528.535
=3554.171

Tokai Kisen Co'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: Sep. 2025 )
=(16862.035-3554.171)/21528
=0.62

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=20744.362 - 3882.327
=16862.035

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=13819.735 - 6737.029 - 3528.535
=3554.171

* 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 0.62 mean?
Tokai Kisen Co (TSE:9173) has a Scaled Net Operating Assets of 0.62 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 Tokai Kisen Co and its competitors.
Is Tokai Kisen Co's Scaled Net Operating Assets too high?
Tokai Kisen Co's current Scaled Net Operating Assets is 0.62. Overall, Tokai Kisen Co has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tokai Kisen Co's Scaled Net Operating Assets compare to competitors?
Tokai Kisen Co's Scaled Net Operating Assets of 0.62 can be compared against companies in the Transportation 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 Transportation company?
A good Scaled Net Operating Assets depends on the Transportation 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 Tokai Kisen Co and its competitors. Tokai Kisen Co's current Scaled Net Operating Assets is 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokai Kisen Co stock overvalued right now?
Based on GuruFocus' analysis, Tokai Kisen Co (TSE:9173) is currently considered Fairly Valued. The stock's GF Value™ is 円2,779.34, compared to a current price of 円2,934.00 — trading 5.6% above its estimated fair value. The current Scaled Net Operating Assets is 0.62. Tokai Kisen Co's overall GF Score™ is 63/100 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 Tokai Kisen Co (TSE:9173), the current Scaled Net Operating Assets is 0.62 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 Tokai Kisen Co (TSE:9173) Overvalued in 2026?

Based on GuruFocus' analysis, Tokai Kisen Co stock appears to be overvalued. The current stock price of 円2,934.00 is trading 5.6% above its estimated GF Value™ of 円2,779.34. GuruFocus considers Tokai Kisen Co to be Fairly Valued.

Key valuation signals for TSE:9173:

  • Scaled Net Operating Assets: 0.62
  • GF Value™: 円2,779.34 vs. price of 円2,934.00 (5.6% above fair value)
  • GF Score™: 63/100 with 4 warning signs

No single metric tells the full story. See the TSE:9173 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tokai Kisen Co Business Description

Address 1-16-1 Kaigan, Minato-ku, Tokyo, JPN, 105-6891
Tokai Kisen Co Ltd is a Japan-based company mainly engaged in the marine transportation business. Its services include fleet service, trade, food and beverage, restaurant and hotel management and general passenger automobile carrier services.
63GF Score

Get the complete analysis for TSE:9173

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

円2,934.00
Price
円2,779.34
GF Value