Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
FCE's operating assets for the quarter that ended in Mar. 2026 was 円2,772 Mil. FCE's operating liabilities for the quarter that ended in Mar. 2026 was 円1,274 Mil. FCE's Total Assets for the quarter that ended in Dec. 2025 was 円5,454 Mil. Therefore, FCE's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.27.
FCE Scaled Net Operating Assets Related Terms
FCE Scaled Net Operating Assets Historical Data
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The historical data trend for FCE'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:9564 vs HON, MMM: Scaled Net Operating Assets Comparison
For the Conglomerates subindustry, FCE'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.
FCE Scaled Net Operating Assets vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, FCE's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where FCE'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 0.27 mean?
FCE (TSE:9564) has a Scaled Net Operating Assets of 0.27 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 FCE and its competitors.
Is FCE's Scaled Net Operating Assets too high?
FCE's current Scaled Net Operating Assets is 0.27. Overall, FCE has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does FCE's Scaled Net Operating Assets compare to HON and MMM?
FCE's Scaled Net Operating Assets of 0.27 can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Scaled Net Operating Assets depends on the Conglomerates 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 FCE and its competitors. FCE's current Scaled Net Operating Assets is 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FCE stock overvalued right now?
Based on GuruFocus' analysis, FCE (TSE:9564) is currently considered Modestly Undervalued. The stock's GF Value™ is 円586.29, compared to a current price of 円506.00 — trading 13.7% below its estimated fair value. The current Scaled Net Operating Assets is 0.27. FCE's overall GF Score™ is 84/100 with 1 warning sign 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 FCE (TSE:9564), the current Scaled Net Operating Assets is 0.27 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 FCE (TSE:9564) Overvalued in 2026?
Based on GuruFocus' analysis, FCE stock appears to be undervalued.
The current stock price of 円506.00 is trading 13.7% below its estimated GF Value™ of 円586.29.
GuruFocus considers FCE to be Modestly Undervalued.
Key valuation signals for TSE:9564:
Scaled Net Operating Assets: 0.27
GF Value™: 円586.29 vs. price of 円506.00 (13.7% below fair value)
No single metric tells the full story. See the TSE:9564 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FCE Inc is engaged in the managing a group of companies that offer services in industries such as education, training, digital transformation, and related operations. It has business segments such as DX Promotion Business, Education and Training Business, and Publishing Business.
84GF Score
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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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