Bookoff Group Holdings (TSE:9278) Scaled Net Operating Assets: 0.68 (As of Feb. 2026)

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TSE:9278 Bookoff Group Holdings Ltd TSE:9278
78 GF Score
Price 円2,638.00
GF Value 円1,841.31
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Bookoff Group Holdings Scaled Net Operating Assets?

Bookoff Group Holdings TSE:9278 +6.33% 78 Scaled Net Operating Assets is 0.68 as of Feb. 2026. GuruFocus rates TSE:9278 with a GF Score™ of 78/100 and a GF Value™ of 円1,841.31 (Significantly Overvalued). The stock has 6 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.

Bookoff Group Holdings's operating assets for the quarter that ended in Feb. 2026 was 円51,829 Mil. Bookoff Group Holdings's operating liabilities for the quarter that ended in Feb. 2026 was 円11,831 Mil. Bookoff Group Holdings's Total Assets for the quarter that ended in Nov. 2025 was 円58,623 Mil. Therefore, Bookoff Group Holdings's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.68.


Bookoff Group Holdings Scaled Net Operating Assets Historical Data

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The historical data trend for Bookoff Group Holdings'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.

Bookoff Group Holdings Scaled Net Operating Assets Chart

Bookoff Group Holdings Annual Data
Trend Mar19 Mar20 Mar21 May22 May23 May24 May25 May26
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.65 0.76 0.71 0.71 0.71

Bookoff Group Holdings Quarterly Data
Dec20 Mar21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Nov24 May25 Aug25 Nov25 Feb26 May26
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 0.69 0.70 0.70 0.68 0.69

TSE:9278 vs CASY, WSM, DKS: Scaled Net Operating Assets Comparison

For the Specialty Retail subindustry, Bookoff Group Holdings'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.


Bookoff Group Holdings Scaled Net Operating Assets vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Bookoff Group Holdings's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Bookoff Group Holdings's Scaled Net Operating Assets falls into.


TSE:9278
78GF Score
Bookoff Group Holdings Ltd TSE:9278
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bookoff Group Holdings 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.

Bookoff Group Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in May. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: May. 2026 )
=(Operating Assets (A: May. 2026 )-Operating Liabilities (A: May. 2026 ))/Total Assets (A: May. 2025 )
=(54478-13667)/57380
=0.71

where

Operating Assets(A: May. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=60937 - 6459
=54478

Operating Liabilities(A: May. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=39506 - 15915 - 9924
=13667

Bookoff Group Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Feb. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Feb. 2026 )
=(Operating Assets (Q: Feb. 2026 )-Operating Liabilities (Q: Feb. 2026 ))/Total Assets (Q: Nov. 2025 )
=(51829-11831)/58623
=0.68

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=59543 - 7714
=51829

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=38473 - 18068 - 8574
=11831

* 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?
Bookoff Group Holdings (TSE:9278) has a Scaled Net Operating Assets of 0.68 as of Feb. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Bookoff Group Holdings and its competitors.
Is Bookoff Group Holdings' Scaled Net Operating Assets too high?
Bookoff Group Holdings' current Scaled Net Operating Assets is 0.68. Overall, Bookoff Group Holdings has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bookoff Group Holdings' Scaled Net Operating Assets compare to CASY and WSM?
Bookoff Group Holdings' Scaled Net Operating Assets of 0.68 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Scaled Net Operating Assets depends on the Retail - Cyclical 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 Bookoff Group Holdings and its competitors. Bookoff Group Holdings'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 Bookoff Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Bookoff Group Holdings (TSE:9278) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,841.31, compared to a current price of 円2,638.00 — trading 43.3% above its estimated fair value. The current Scaled Net Operating Assets is 0.68. Bookoff Group Holdings' overall GF Score™ is 78/100 with 6 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 Bookoff Group Holdings (TSE:9278), the current Scaled Net Operating Assets is 0.68 as of Feb. 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 Bookoff Group Holdings (TSE:9278) Overvalued in 2026?

Based on GuruFocus' analysis, Bookoff Group Holdings stock appears to be overvalued. The current stock price of 円2,638.00 is trading 43.3% above its estimated GF Value™ of 円1,841.31. GuruFocus considers Bookoff Group Holdings to be Significantly Overvalued.

Key valuation signals for TSE:9278:

  • Scaled Net Operating Assets: 0.68
  • GF Value™: 円1,841.31 vs. price of 円2,638.00 (43.3% above fair value)
  • GF Score™: 78/100 with 6 warning signs

No single metric tells the full story. See the TSE:9278 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bookoff Group Holdings Business Description

Address 2-14-20 Kobuchi, Minami-ku, Kanagawa-Prefecture, Sagamihara, JPN, 252-0344
Bookoff Group Holdings Ltd purchases and sells books, software, apparel, sporting goods, baby goods, watches, luxury-brand bags, precious metals, kitchenware, and household goods through its stores, which include BOOKOFF SUPER BAZAAR stores and BOOKOFF PLUS stores. The company's business segments are Reuse Store Business, BOOKOFF Online Business, HUGALL Business, and Packaged Media Business.
78GF Score

Get the complete analysis for TSE:9278

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

円2,638.00
Price
円1,841.31
GF Value