Nikken Kogaku Co (TSE:9767) Scaled Net Operating Assets: 0.41 (As of Mar. 2026)


TSE:9767 Nikken Kogaku Co Ltd TSE:9767
70 GF Score
Price 円1,451.00
GF Value 円1,573.15
Valuation Fairly Valued
! 2 Warning Signs
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What is Nikken Kogaku Co Scaled Net Operating Assets?

Nikken Kogaku Co TSE:9767 -2.68% 70 Scaled Net Operating Assets is 0.41 as of Mar. 2026. GuruFocus rates TSE:9767 with a GF Score™ of 70/100 and a GF Value™ of 円1,573.15 (Fairly Valued). 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.

Nikken Kogaku Co's operating assets for the quarter that ended in Mar. 2026 was 円3,808 Mil. Nikken Kogaku Co's operating liabilities for the quarter that ended in Mar. 2026 was 円1,244 Mil. Nikken Kogaku Co's Total Assets for the quarter that ended in Sep. 2025 was 円6,306 Mil. Therefore, Nikken Kogaku Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.41.


Nikken Kogaku Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Nikken Kogaku 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.

Nikken Kogaku Co Scaled Net Operating Assets Chart

Nikken Kogaku Co 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 0.24 0.28 0.29 0.30 0.39

Nikken Kogaku Co Semi-Annual Data
Sep16 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 0.30 0.28 0.36 0.36 0.41

TSE:9767 vs TT, JCI, CARR: Scaled Net Operating Assets Comparison

For the Building Products & Equipment subindustry, Nikken Kogaku 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.


Nikken Kogaku Co Scaled Net Operating Assets vs Construction Industry

For the Construction industry and Industrials sector, Nikken Kogaku Co's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:9767
70GF Score
Nikken Kogaku Co Ltd TSE:9767
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Nikken Kogaku 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.

Nikken Kogaku Co'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 )
=(3808.334-1244.013)/6533.779
=0.39

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6358.198 - 2549.864
=3808.334

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1420.56 - 75.159 - 101.388
=1244.013

Nikken Kogaku Co'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 )
=(3808.334-1244.013)/6305.771
=0.41

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6358.198 - 2549.864
=3808.334

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1420.56 - 75.159 - 101.388
=1244.013

* 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 0.41 mean?
Nikken Kogaku Co (TSE:9767) has a Scaled Net Operating Assets of 0.41 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 Nikken Kogaku Co and its competitors.
Is Nikken Kogaku Co's Scaled Net Operating Assets too high?
Nikken Kogaku Co's current Scaled Net Operating Assets is 0.41. Overall, Nikken Kogaku Co has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nikken Kogaku Co's Scaled Net Operating Assets compare to TT and JCI?
Nikken Kogaku Co's Scaled Net Operating Assets of 0.41 can be compared against companies in the Construction 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 Construction company?
A good Scaled Net Operating Assets depends on the Construction 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 Nikken Kogaku Co and its competitors. Nikken Kogaku Co's current Scaled Net Operating Assets is 0.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nikken Kogaku Co stock overvalued right now?
Based on GuruFocus' analysis, Nikken Kogaku Co (TSE:9767) is currently considered Fairly Valued. The stock's GF Value™ is 円1,573.15, compared to a current price of 円1,451.00 — trading 7.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.41. Nikken Kogaku Co's overall GF Score™ is 70/100 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 Nikken Kogaku Co (TSE:9767), the current Scaled Net Operating Assets is 0.41 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 Nikken Kogaku Co (TSE:9767) Overvalued in 2026?

Based on GuruFocus' analysis, Nikken Kogaku Co stock appears to be undervalued. The current stock price of 円1,451.00 is trading 7.8% below its estimated GF Value™ of 円1,573.15. GuruFocus considers Nikken Kogaku Co to be Fairly Valued.

Key valuation signals for TSE:9767:

  • Scaled Net Operating Assets: 0.41
  • GF Value™: 円1,573.15 vs. price of 円1,451.00 (7.8% below fair value)
  • GF Score™: 70/100 with 2 warning signs

No single metric tells the full story. See the TSE:9767 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nikken Kogaku Co Business Description

Address 17th Floor, Nittochi Nishishinjuku Building, 6-10-1 Nishishinjuku, Shinjuku-ku, Tokyo, JPN, 160-0023
Nikken Kogaku Co Ltd develops a wide range of products and construction methods such as wave-blocking block, revetment block, natural stone construction method, and other civil engineering products. It primarily serves to the ministry of land, infrastructure, transport and tourism; local governments, construction companies, and construction consultants across Japan.
70GF Score

Get the complete analysis for TSE:9767

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

円1,451.00
Price
円1,573.15
GF Value