Ministop Co (TSE:9946) Scaled Net Operating Assets: 0.20 (As of Feb. 2026)


TSE:9946 Ministop Co Ltd TSE:9946
62 GF Score
Price 円1,850.00
GF Value 円1,892.17
Valuation Fairly Valued
! 4 Warning Signs
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What is Ministop Co Scaled Net Operating Assets?

Ministop Co TSE:9946 +0.05% 62 Scaled Net Operating Assets is 0.20 as of Feb. 2026. GuruFocus rates TSE:9946 with a GF Score™ of 62/100 and a GF Value™ of 円1,892.17 (Fairly Valued). 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.

Ministop Co's operating assets for the quarter that ended in Feb. 2026 was 円57,843 Mil. Ministop Co's operating liabilities for the quarter that ended in Feb. 2026 was 円41,093 Mil. Ministop Co's Total Assets for the quarter that ended in Nov. 2025 was 円83,698 Mil. Therefore, Ministop Co's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.20.


Ministop Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Ministop 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.

Ministop Co Scaled Net Operating Assets Chart

Ministop Co Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.32 0.30 0.37 0.27 0.22

Ministop Co Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 0.24 0.33 0.25 0.20 0.20

TSE:9946 vs KR: Scaled Net Operating Assets Comparison

For the Grocery Stores subindustry, Ministop 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.


Ministop Co Scaled Net Operating Assets vs Retail - Defensive Industry

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

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


TSE:9946
62GF Score
Ministop Co Ltd TSE:9946
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Ministop 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.

Ministop Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Feb. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Feb. 2026 )
=(Operating Assets (A: Feb. 2026 )-Operating Liabilities (A: Feb. 2026 ))/Total Assets (A: Feb. 2025 )
=(57843-41093)/74686
=0.22

where

Operating Assets(A: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=69013 - 11170
=57843

Operating Liabilities(A: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=41854 - 635 - 126
=41093

Ministop Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Feb. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Feb. 2026 )
=(Operating Assets (Q: Feb. 2026 )-Operating Liabilities (Q: Feb. 2026 ))/Total Assets (Q: Nov. 2025 )
=(57843-41093)/83698
=0.20

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=69013 - 11170
=57843

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=41854 - 635 - 126
=41093

* 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 0.20 mean?
Ministop Co (TSE:9946) has a Scaled Net Operating Assets of 0.20 as of Feb. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Ministop Co and its competitors.
Is Ministop Co's Scaled Net Operating Assets too high?
Ministop Co's current Scaled Net Operating Assets is 0.20. Overall, Ministop Co has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ministop Co's Scaled Net Operating Assets compare to KR?
Ministop Co's Scaled Net Operating Assets of 0.20 can be compared against companies in the Retail - Defensive 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 - Defensive company?
A good Scaled Net Operating Assets depends on the Retail - Defensive 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 Ministop Co and its competitors. Ministop Co's current Scaled Net Operating Assets is 0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ministop Co stock overvalued right now?
Based on GuruFocus' analysis, Ministop Co (TSE:9946) is currently considered Fairly Valued. The stock's GF Value™ is 円1,892.17, compared to a current price of 円1,850.00 — trading 2.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.20. Ministop Co's overall GF Score™ is 62/100 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 Ministop Co (TSE:9946), the current Scaled Net Operating Assets is 0.20 as of Feb. 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 Ministop Co (TSE:9946) Overvalued in 2026?

Based on GuruFocus' analysis, Ministop Co stock appears to be undervalued. The current stock price of 円1,850.00 is trading 2.2% below its estimated GF Value™ of 円1,892.17. GuruFocus considers Ministop Co to be Fairly Valued.

Key valuation signals for TSE:9946:

  • Scaled Net Operating Assets: 0.20
  • GF Value™: 円1,892.17 vs. price of 円1,850.00 (2.2% below fair value)
  • GF Score™: 62/100 with 4 warning signs

No single metric tells the full story. See the TSE:9946 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ministop Co Business Description

Address AEON Tower, 1-5-1 Nakase, Mihama-ku, Chiba-shi, Chiba, JPN, 261-8515
Ministop Co Ltd is a Japan-based company that is principally engaged in operating a convenience store chain. The company offers fresh products, like rice balls, lunch boxes, hot snacks, sandwiches, soft-serve ice cream, as well as beverages, sweets, miscellaneous products, and other items. The company provides seating areas for customers to eat foods and have a rest. Consumers can use Wi-Fi in the stores of the company, and can make tax-free purchases in some stores. The company also provides additional services, like bill payment, photocopying, ATM access, and other services.
62GF Score

Get the complete analysis for TSE:9946

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

円1,850.00
Price
円1,892.17
GF Value