MRK Holdings (TSE:9980) Scaled Net Operating Assets: 0.69 (As of Mar. 2026)


TSE:9980 MRK Holdings Inc TSE:9980
76 GF Score
Price 円96.00
GF Value 円115.51
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is MRK Holdings Scaled Net Operating Assets?

MRK Holdings TSE:9980 76 Scaled Net Operating Assets is 0.69 as of Mar. 2026. GuruFocus rates TSE:9980 with a GF Score™ of 76/100 and a GF Value™ of 円115.51 (Modestly Undervalued). 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.

MRK Holdings's operating assets for the quarter that ended in Mar. 2026 was 円17,304 Mil. MRK Holdings's operating liabilities for the quarter that ended in Mar. 2026 was 円3,925 Mil. MRK Holdings's Total Assets for the quarter that ended in Sep. 2025 was 円19,295 Mil. Therefore, MRK Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.69.


MRK Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for MRK Holdings'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.

MRK Holdings Scaled Net Operating Assets Chart

MRK Holdings 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 0.48 0.69 0.87 0.64 0.66

MRK Holdings 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 0.88 0.66 0.69 0.68 0.69

TSE:9980 vs RL, LEVI, VFC: Scaled Net Operating Assets Comparison

For the Apparel Manufacturing subindustry, MRK Holdings'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.


MRK Holdings Scaled Net Operating Assets vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, MRK Holdings's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:9980
76GF Score
MRK Holdings Inc TSE:9980
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MRK Holdings 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.

MRK Holdings'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 )
=(17304.283-3924.651)/20202.218
=0.66

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=19696.807 - 2392.524
=17304.283

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4390.72 - 62.723 - 403.346
=3924.651

MRK Holdings'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 )
=(17304.283-3924.651)/19295.378
=0.69

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=19696.807 - 2392.524
=17304.283

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4390.72 - 62.723 - 403.346
=3924.651

* 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 0.69 mean?
MRK Holdings (TSE:9980) has a Scaled Net Operating Assets of 0.69 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 MRK Holdings and its competitors.
Is MRK Holdings' Scaled Net Operating Assets too high?
MRK Holdings' current Scaled Net Operating Assets is 0.69. Overall, MRK Holdings has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MRK Holdings' Scaled Net Operating Assets compare to RL and LEVI?
MRK Holdings' Scaled Net Operating Assets of 0.69 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Scaled Net Operating Assets depends on the Manufacturing - Apparel & Accessories 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 MRK Holdings and its competitors. MRK Holdings's current Scaled Net Operating Assets is 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MRK Holdings stock overvalued right now?
Based on GuruFocus' analysis, MRK Holdings (TSE:9980) is currently considered Modestly Undervalued. The stock's GF Value™ is 円115.51, compared to a current price of 円96.00 — trading 16.9% below its estimated fair value. The current Scaled Net Operating Assets is 0.69. MRK Holdings' overall GF Score™ is 76/100 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 MRK Holdings (TSE:9980), the current Scaled Net Operating Assets is 0.69 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 MRK Holdings (TSE:9980) Overvalued in 2026?

Based on GuruFocus' analysis, MRK Holdings stock appears to be undervalued. The current stock price of 円96.00 is trading 16.9% below its estimated GF Value™ of 円115.51. GuruFocus considers MRK Holdings to be Modestly Undervalued.

Key valuation signals for TSE:9980:

  • Scaled Net Operating Assets: 0.69
  • GF Value™: 円115.51 vs. price of 円96.00 (16.9% below fair value)
  • GF Score™: 76/100 with 5 warning signs

No single metric tells the full story. See the TSE:9980 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MRK Holdings Business Description

Address 1-1-30 Oyodonaka, Kita-ku, Osaka, JPN
MRK Holdings Inc manufactures and trades women's lingerie, body-care cosmetics, and health food products. The company's segment includes Women's clothing and related business, Maternity and baby related business, and wedding and banquet related events business. The company generates the majority of its revenue from the Women's clothing and related business.
76GF Score

Get the complete analysis for TSE:9980

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

円96.00
Price
円115.51
GF Value