Aigan Co (TSE:9854) Scaled Net Operating Assets: 0.54 (As of Mar. 2026)

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TSE:9854 Aigan Co Ltd TSE:9854
51 GF Score
Price 円288.00
GF Value 円190.14
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Aigan Co Scaled Net Operating Assets?

Aigan Co TSE:9854 -1.71% 51 Scaled Net Operating Assets is 0.54 as of Mar. 2026. GuruFocus rates TSE:9854 with a GF Score™ of 51/100 and a GF Value™ of 円190.14 (Significantly Overvalued). 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.

Aigan Co's operating assets for the quarter that ended in Mar. 2026 was 円9,693 Mil. Aigan Co's operating liabilities for the quarter that ended in Mar. 2026 was 円2,010 Mil. Aigan Co's Total Assets for the quarter that ended in Sep. 2025 was 円14,250 Mil. Therefore, Aigan Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.54.


Aigan Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Aigan 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.

Aigan Co Scaled Net Operating Assets Chart

Aigan 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 0.51 0.51 0.55 0.55 0.56

Aigan 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 0.54 0.56 0.55 0.56 0.54

TSE:9854 vs CASY, WSM, DKS: Scaled Net Operating Assets Comparison

For the Specialty Retail subindustry, Aigan 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.


Aigan Co Scaled Net Operating Assets vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Aigan Co's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:9854
51GF Score
Aigan Co Ltd TSE:9854
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aigan 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.

Aigan 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 )
=(9693-2010)/13854
=0.55

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=14286 - 4593
=9693

Aigan 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 )
=(9693-2010)/14250
=0.54

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=14286 - 4593
=9693

* 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 0.54 mean?
Aigan Co (TSE:9854) has a Scaled Net Operating Assets of 0.54 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 Aigan Co and its competitors.
Is Aigan Co's Scaled Net Operating Assets too high?
Aigan Co's current Scaled Net Operating Assets is 0.54. Overall, Aigan Co has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aigan Co's Scaled Net Operating Assets compare to CASY and WSM?
Aigan Co's Scaled Net Operating Assets of 0.54 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Scaled Net Operating Assets depends on the Retail - Cyclical 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 Aigan Co and its competitors. Aigan Co's current Scaled Net Operating Assets is 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aigan Co stock overvalued right now?
Based on GuruFocus' analysis, Aigan Co (TSE:9854) is currently considered Significantly Overvalued. The stock's GF Value™ is 円190.14, compared to a current price of 円288.00 — trading 51.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.54. Aigan Co's overall GF Score™ is 51/100 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 Aigan Co (TSE:9854), the current Scaled Net Operating Assets is 0.54 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 Aigan Co (TSE:9854) Overvalued in 2026?

Based on GuruFocus' analysis, Aigan Co stock appears to be overvalued. The current stock price of 円288.00 is trading 51.5% above its estimated GF Value™ of 円190.14. GuruFocus considers Aigan Co to be Significantly Overvalued.

Key valuation signals for TSE:9854:

  • Scaled Net Operating Assets: 0.54
  • GF Value™: 円190.14 vs. price of 円288.00 (51.5% above fair value)
  • GF Score™: 51/100 with 4 warning signs

No single metric tells the full story. See the TSE:9854 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aigan Co Business Description

Address 4-9-12 Daido Tennoji-Ku, Osaka, JPN
Aigan Co Ltd develops eyeglasses specialty store that sells eyeglasses and other related products in Japan. Its main products consist of lenses, frames, contact lenses, sunglasses, and other accessories.
51GF Score

Get the complete analysis for TSE:9854

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

円288.00
Price
円190.14
GF Value