PHYZ Holdings (TSE:9325) Scaled Net Operating Assets: 0.39 (As of Mar. 2026)


TSE:9325 PHYZ Holdings Inc TSE:9325
91 GF Score
Price 円1,125.00
GF Value 円1,557.87
Valuation Modestly Undervalued
! 4 Warning Signs
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What is PHYZ Holdings Scaled Net Operating Assets?

PHYZ Holdings TSE:9325 -0.09% 91 Scaled Net Operating Assets is 0.39 as of Mar. 2026. GuruFocus rates TSE:9325 with a GF Score™ of 91/100 and a GF Value™ of 円1,557.87 (Modestly Undervalued). 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.

PHYZ Holdings's operating assets for the quarter that ended in Mar. 2026 was 円9,965 Mil. PHYZ Holdings's operating liabilities for the quarter that ended in Mar. 2026 was 円4,755 Mil. PHYZ Holdings's Total Assets for the quarter that ended in Sep. 2025 was 円13,316 Mil. Therefore, PHYZ Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.39.


PHYZ Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for PHYZ 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.

PHYZ Holdings Scaled Net Operating Assets Chart

PHYZ Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.40 0.21 0.26 0.40 0.51

PHYZ Holdings Semi-Annual Data
Mar16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.25 0.24 0.33 0.35 0.39

TSE:9325 vs CTAS, CPRT, ULS: Scaled Net Operating Assets Comparison

For the Specialty Business Services subindustry, PHYZ 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.


PHYZ Holdings Scaled Net Operating Assets vs Business Services Industry

For the Business Services industry and Industrials sector, PHYZ Holdings's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:9325
91GF Score
PHYZ Holdings Inc TSE:9325
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PHYZ 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.

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

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(9964.531-4754.995)/10243.511
=0.51

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=13737.806 - 3773.275
=9964.531

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8918.79 - 3167.834 - 995.961
=4754.995

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

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Sep. 2025 )
=(9964.531-4754.995)/13316.399
=0.39

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=13737.806 - 3773.275
=9964.531

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8918.79 - 3167.834 - 995.961
=4754.995

* 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 0.39 mean?
PHYZ Holdings (TSE:9325) has a Scaled Net Operating Assets of 0.39 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on PHYZ Holdings and its competitors.
Is PHYZ Holdings' Scaled Net Operating Assets too high?
PHYZ Holdings' current Scaled Net Operating Assets is 0.39. Overall, PHYZ Holdings has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PHYZ Holdings' Scaled Net Operating Assets compare to CTAS and CPRT?
PHYZ Holdings' Scaled Net Operating Assets of 0.39 can be compared against companies in the Business Services 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 Business Services company?
A good Scaled Net Operating Assets depends on the Business Services 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 PHYZ Holdings and its competitors. PHYZ Holdings's current Scaled Net Operating Assets is 0.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PHYZ Holdings stock overvalued right now?
Based on GuruFocus' analysis, PHYZ Holdings (TSE:9325) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,557.87, compared to a current price of 円1,125.00 — trading 27.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.39. PHYZ Holdings' overall GF Score™ is 91/100 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 PHYZ Holdings (TSE:9325), the current Scaled Net Operating Assets is 0.39 as of Mar. 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 PHYZ Holdings (TSE:9325) Overvalued in 2026?

Based on GuruFocus' analysis, PHYZ Holdings stock appears to be undervalued. The current stock price of 円1,125.00 is trading 27.8% below its estimated GF Value™ of 円1,557.87. GuruFocus considers PHYZ Holdings to be Modestly Undervalued.

Key valuation signals for TSE:9325:

  • Scaled Net Operating Assets: 0.39
  • GF Value™: 円1,557.87 vs. price of 円1,125.00 (27.8% below fair value)
  • GF Score™: 91/100 with 4 warning signs

No single metric tells the full story. See the TSE:9325 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PHYZ Holdings Business Description

Address 3-4-5 Umeda Kita-ku, Mainichi Intecio 13th Floor, Osaka, JPN, 530-0001
PHYZ Holdings Inc provides total warehousing management activities including packing and delivering at the distribution center conducted by the EC company. Its services include Operation service, Logistics service, Delivery service, and Recruitment among others.
91GF Score

Get the complete analysis for TSE:9325

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

円1,125.00
Price
円1,557.87
GF Value