Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
TBS Holdings's operating assets for the quarter that ended in Mar. 2026 was 円1,503,990 Mil. TBS Holdings's operating liabilities for the quarter that ended in Mar. 2026 was 円418,727 Mil. TBS Holdings's Total Assets for the quarter that ended in Dec. 2025 was 円1,548,277 Mil. Therefore, TBS Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.70.
TBS Holdings Scaled Net Operating Assets Related Terms
TBS Holdings Scaled Net Operating Assets Historical Data
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The historical data trend for TBS 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.
TSE:9401 vs NXST: Scaled Net Operating Assets Comparison
For the Broadcasting subindustry, TBS 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.
TBS Holdings Scaled Net Operating Assets vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, TBS Holdings's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where TBS Holdings'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 0.70 mean?
TBS Holdings (TSE:9401) has a Scaled Net Operating Assets of 0.70 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 TBS Holdings and its competitors.
Is TBS Holdings' Scaled Net Operating Assets too high?
TBS Holdings' current Scaled Net Operating Assets is 0.70. Overall, TBS Holdings has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TBS Holdings' Scaled Net Operating Assets compare to NXST?
TBS Holdings' Scaled Net Operating Assets of 0.70 can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good Scaled Net Operating Assets depends on the Media - Diversified 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 TBS Holdings and its competitors. TBS Holdings's current Scaled Net Operating Assets is 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TBS Holdings stock overvalued right now?
Based on GuruFocus' analysis, TBS Holdings (TSE:9401) is currently considered Significantly Overvalued. The stock's GF Value™ is 円4,692.78, compared to a current price of 円6,380.00 — trading 36% above its estimated fair value. The current Scaled Net Operating Assets is 0.70. TBS Holdings' overall GF Score™ is 82/100 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 TBS Holdings (TSE:9401), the current Scaled Net Operating Assets is 0.70 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 TBS Holdings (TSE:9401) Overvalued in 2026?
Based on GuruFocus' analysis, TBS Holdings stock appears to be overvalued.
The current stock price of 円6,380.00 is trading 36% above its estimated GF Value™ of 円4,692.78.
GuruFocus considers TBS Holdings to be Significantly Overvalued.
Key valuation signals for TSE:9401:
Scaled Net Operating Assets: 0.70
GF Value™: 円4,692.78 vs. price of 円6,380.00 (36% above fair value)
No single metric tells the full story. See the TSE:9401 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TBS Holdings Inc is a Japanese media and broadcasting holding company that operates television businesses through its subsidiaries. The company operates through three reportable segments: Media & Content Business, Lifestyle Business, and Real Estate & Other Business. The Media & Content Business includes television and radio broadcasting, event planning, video software production, and distribution. The Lifestyle Business handles general merchandise retail, beauty and wellness services, private tutoring, and early childhood education. The Real Estate & Other Business segment involves land and building rentals. It generates the majority of its revenue from the Media & content business segment.
82GF Score
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