Watt Mann Co (TSE:9927) Scaled Net Operating Assets: 0.47 (As of Mar. 2026)

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TSE:9927 Watt Mann Co Ltd TSE:9927
67 GF Score
Price 円963.00
GF Value 円867.15
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Watt Mann Co Scaled Net Operating Assets?

Watt Mann Co TSE:9927 67 Scaled Net Operating Assets is 0.47 as of Mar. 2026. GuruFocus rates TSE:9927 with a GF Score™ of 67/100 and a GF Value™ of 円867.15 (Modestly Overvalued). The stock has 5 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.

Watt Mann Co's operating assets for the quarter that ended in Mar. 2026 was 円3,550 Mil. Watt Mann Co's operating liabilities for the quarter that ended in Mar. 2026 was 円1,232 Mil. Watt Mann Co's Total Assets for the quarter that ended in Sep. 2025 was 円4,928 Mil. Therefore, Watt Mann Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.47.


Watt Mann Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Watt Mann 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.

Watt Mann Co Scaled Net Operating Assets Chart

Watt Mann 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 0.52 0.40 0.40 0.41 0.46

Watt Mann 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 0.42 0.40 0.41 0.43 0.47

TSE:9927 vs CASY, WSM, DKS: Scaled Net Operating Assets Comparison

For the Specialty Retail subindustry, Watt Mann 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.


Watt Mann Co Scaled Net Operating Assets vs Retail - Cyclical Industry

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

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


TSE:9927
67GF Score
Watt Mann Co Ltd TSE:9927
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Watt Mann 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.

Watt Mann 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 )
=(3550.014-1232.198)/5087.444
=0.46

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5054.549 - 1504.535
=3550.014

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1391.868 - 11.951 - 147.719
=1232.198

Watt Mann 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 )
=(3550.014-1232.198)/4928.488
=0.47

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5054.549 - 1504.535
=3550.014

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1391.868 - 11.951 - 147.719
=1232.198

* 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 0.47 mean?
Watt Mann Co (TSE:9927) has a Scaled Net Operating Assets of 0.47 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 Watt Mann Co and its competitors.
Is Watt Mann Co's Scaled Net Operating Assets too high?
Watt Mann Co's current Scaled Net Operating Assets is 0.47. Overall, Watt Mann Co has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Watt Mann Co's Scaled Net Operating Assets compare to CASY and WSM?
Watt Mann Co's Scaled Net Operating Assets of 0.47 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 Watt Mann Co and its competitors. Watt Mann Co's current Scaled Net Operating Assets is 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Watt Mann Co stock overvalued right now?
Based on GuruFocus' analysis, Watt Mann Co (TSE:9927) is currently considered Modestly Overvalued. The stock's GF Value™ is 円867.15, compared to a current price of 円963.00 — trading 11.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.47. Watt Mann Co's overall GF Score™ is 67/100 with 5 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 Watt Mann Co (TSE:9927), the current Scaled Net Operating Assets is 0.47 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 Watt Mann Co (TSE:9927) Overvalued in 2026?

Based on GuruFocus' analysis, Watt Mann Co stock appears to be overvalued. The current stock price of 円963.00 is trading 11.1% above its estimated GF Value™ of 円867.15. GuruFocus considers Watt Mann Co to be Modestly Overvalued.

Key valuation signals for TSE:9927:

  • Scaled Net Operating Assets: 0.47
  • GF Value™: 円867.15 vs. price of 円963.00 (11.1% above fair value)
  • GF Score™: 67/100 with 5 warning signs

No single metric tells the full story. See the TSE:9927 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Watt Mann Co Business Description

Address 1-27-13, Honcho Tsurugamine, Asahi ku, Kanagawa Prefecture, Yokohama, JPN, 241 0021
Watt Mann Co Ltd is a Japanese company engaged in operating a chain of retail stores offering second-hand products. It is engaged in the sale and purchase of brand products and accessories, furniture, interior products, clothing, sports products CDs, DVDs, videos and game software, among others. The company deals in three product categories, including clothing, consumer electronics and books.
67GF Score

Get the complete analysis for TSE:9927

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

円963.00
Price
円867.15
GF Value