Arcs Co (TSE:9948) Scaled Net Operating Assets: 0.43 (As of May. 2026)


TSE:9948 Arcs Co Ltd TSE:9948
87 GF Score
Price 円3,400.00
GF Value 円3,160.77
Valuation Fairly Valued
! 1 Warning Sign
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What is Arcs Co Scaled Net Operating Assets?

Arcs Co TSE:9948 87 Scaled Net Operating Assets is 0.43 as of May. 2026. GuruFocus rates TSE:9948 with a GF Score™ of 87/100 and a GF Value™ of 円3,160.77 (Fairly Valued). The stock has 1 warning sign investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Arcs Co's operating assets for the quarter that ended in May. 2026 was 円210,254 Mil. Arcs Co's operating liabilities for the quarter that ended in May. 2026 was 円80,146 Mil. Arcs Co's Total Assets for the quarter that ended in Feb. 2026 was 円300,714 Mil. Therefore, Arcs Co's scaled net operating assets (SNOA) for the quarter that ended in May. 2026 was 0.43.


Arcs Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Arcs 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.

Arcs Co Scaled Net Operating Assets Chart

Arcs 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 0.49 0.49 0.49 0.49 0.48

Arcs Co Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.45 0.42 0.44 0.46 0.43

TSE:9948 vs DDS: Scaled Net Operating Assets Comparison

For the Department Stores subindustry, Arcs 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.


Arcs Co Scaled Net Operating Assets vs Retail - Cyclical Industry

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

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


TSE:9948
87GF Score
Arcs Co Ltd TSE:9948
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Arcs 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.

Arcs 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 )
=(209531-75241)/282662
=0.48

where

Operating Assets(A: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=300714 - 91183
=209531

Operating Liabilities(A: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=104573 - 17623 - 11709
=75241

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

Scaled Net Operating Assets (SNOA)(Q: May. 2026 )
=(Operating Assets (Q: May. 2026 )-Operating Liabilities (Q: May. 2026 ))/Total Assets (Q: Feb. 2026 )
=(210254-80146)/300714
=0.43

where

Operating Assets(Q: May. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=302876 - 92622
=210254

Operating Liabilities(Q: May. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=106959 - 15814 - 10999
=80146

* 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 0.43 mean?
Arcs Co (TSE:9948) has a Scaled Net Operating Assets of 0.43 as of May. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Arcs Co and its competitors.
Is Arcs Co's Scaled Net Operating Assets too high?
Arcs Co's current Scaled Net Operating Assets is 0.43. Overall, Arcs Co has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Arcs Co's Scaled Net Operating Assets compare to DDS?
Arcs Co's Scaled Net Operating Assets of 0.43 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 Arcs Co and its competitors. Arcs Co's current Scaled Net Operating Assets is 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arcs Co stock overvalued right now?
Based on GuruFocus' analysis, Arcs Co (TSE:9948) is currently considered Fairly Valued. The stock's GF Value™ is 円3,160.77, compared to a current price of 円3,400.00 — trading 7.6% above its estimated fair value. The current Scaled Net Operating Assets is 0.43. Arcs Co's overall GF Score™ is 87/100 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 Arcs Co (TSE:9948), the current Scaled Net Operating Assets is 0.43 as of May. 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 Arcs Co (TSE:9948) Overvalued in 2026?

Based on GuruFocus' analysis, Arcs Co stock appears to be overvalued. The current stock price of 円3,400.00 is trading 7.6% above its estimated GF Value™ of 円3,160.77. GuruFocus considers Arcs Co to be Fairly Valued.

Key valuation signals for TSE:9948:

  • Scaled Net Operating Assets: 0.43
  • GF Value™: 円3,160.77 vs. price of 円3,400.00 (7.6% above fair value)
  • GF Score™: 87/100 with 1 warning sign

No single metric tells the full story. See the TSE:9948 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Arcs Co Business Description

Address 11-2-32, Minami 13-jo Nishi, Chuo-ku, Sapporo, JPN, 064-8610
Arcs Co Ltd is a Japan-based company principally engaged in the supermarket business. The company also operates other businesses through subsidiaries, including tourism, building maintenance, real estate leasing, property and casualty insurance, life insurance agency, wholesale, food manufacturing, industrial and general waste collection, and construction businesses. The group operates in a single segment related to retail.
87GF Score

Get the complete analysis for TSE:9948

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

円3,400.00
Price
円3,160.77
GF Value