Caster Co (TSE:9331) Scaled Net Operating Assets: -0.02 (As of Feb. 2026)

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TSE:9331 Caster Co Ltd TSE:9331
28 GF Score
Price 円744.00
GF Value 円1,053.85
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Caster Co Scaled Net Operating Assets?

Caster Co TSE:9331 +0.54% 28 Scaled Net Operating Assets is -0.02 as of Feb. 2026. GuruFocus rates TSE:9331 with a GF Score™ of 28/100 and a GF Value™ of 円1,053.85 (Modestly Undervalued). The stock has 2 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.

Caster Co's operating assets for the quarter that ended in Feb. 2026 was 円701 Mil. Caster Co's operating liabilities for the quarter that ended in Feb. 2026 was 円738 Mil. Caster Co's Total Assets for the quarter that ended in Aug. 2025 was 円1,872 Mil. Therefore, Caster Co's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was -0.02.


Caster Co Scaled Net Operating Assets Historical Data

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The historical data trend for Caster 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.

Caster Co Scaled Net Operating Assets Chart

Caster Co Annual Data
Trend Aug21 Aug22 Aug23 Aug24 Aug25
Scaled Net Operating Assets
-0.30 -0.31 -0.17 -0.00 -0.01

Caster Co Semi-Annual Data
Aug21 Aug22 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Scaled Net Operating Assets Get a 7-Day Free Trial -0.13 -0.00 0.05 -0.01 -0.02

TSE:9331 vs KFY, RHI, TNET: Scaled Net Operating Assets Comparison

For the Staffing & Employment Services subindustry, Caster 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.


Caster Co Scaled Net Operating Assets vs Business Services Industry

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

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


TSE:9331
28GF Score
Caster Co Ltd TSE:9331
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Caster 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.

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

Scaled Net Operating Assets (SNOA)(A: Aug. 2025 )
=(Operating Assets (A: Aug. 2025 )-Operating Liabilities (A: Aug. 2025 ))/Total Assets (A: Aug. 2024 )
=(688.205-703.931)/2455.221
=-0.01

where

Operating Assets(A: Aug. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1872.251 - 1184.046
=688.205

Operating Liabilities(A: Aug. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1162.33 - 120.474 - 337.925
=703.931

Caster Co'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: Aug. 2025 )
=(700.76-737.755)/1872.251
=-0.02

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1880.668 - 1179.908
=700.76

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1193.37 - 101.69 - 353.925
=737.755

* 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 -0.02 mean?
Caster Co (TSE:9331) has a Scaled Net Operating Assets of -0.02 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 Caster Co and its competitors.
Is Caster Co's Scaled Net Operating Assets too high?
Caster Co's current Scaled Net Operating Assets is -0.02. Overall, Caster Co has a GF Score™ of 28/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Caster Co's Scaled Net Operating Assets compare to KFY and RHI?
Caster Co's Scaled Net Operating Assets of -0.02 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 Caster Co and its competitors. Caster Co's current Scaled Net Operating Assets is -0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Caster Co stock overvalued right now?
Based on GuruFocus' analysis, Caster Co (TSE:9331) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,053.85, compared to a current price of 円744.00 — trading 29.4% below its estimated fair value. The current Scaled Net Operating Assets is -0.02. Caster Co's overall GF Score™ is 28/100 with 2 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 Caster Co (TSE:9331), the current Scaled Net Operating Assets is -0.02 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 Caster Co (TSE:9331) Overvalued in 2026?

Based on GuruFocus' analysis, Caster Co stock appears to be undervalued. The current stock price of 円744.00 is trading 29.4% below its estimated GF Value™ of 円1,053.85. GuruFocus considers Caster Co to be Modestly Undervalued.

Key valuation signals for TSE:9331:

  • Scaled Net Operating Assets: -0.02
  • GF Value™: 円1,053.85 vs. price of 円744.00 (29.4% below fair value)
  • GF Score™: 28/100 with 2 warning signs

No single metric tells the full story. See the TSE:9331 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Caster Co Business Description

Address 1-5-1 Otemachi, Otemachi First Square West Tower 1st & 2nd Floor, Caster Square Tokyo, Chiyoda-ku, LIFORK Otemachi, Tokyo, JPN
Caster Co Ltd is engaged in business operations and operates two businesses: the BPaaS Business, which utilizes the resources of remote workers to act on behalf of and support companies' back-office operations, and the Other Business, which provides staffing and placement services, develops and provides business efficiency tools for e-commerce companies, and develops and operates products and services using generative AI.
28GF Score

Get the complete analysis for TSE:9331

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

円744.00
Price
円1,053.85
GF Value