TSUSF (Tsuruha Holdings) Scaled Net Operating Assets: 1.36 (As of Feb. 2026)


TSUSF Tsuruha Holdings Inc TSUSF
69 GF Score
Price $17.25
GF Value $22.33
! 5 Warning Signs
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What is Tsuruha Holdings Scaled Net Operating Assets?

Tsuruha Holdings TSUSF 69 Scaled Net Operating Assets is 1.36 as of Feb. 2026. GuruFocus rates TSUSF with a GF Score™ of 69/100 and a GF Value™ of $22.33. 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.

Tsuruha Holdings's operating assets for the quarter that ended in Feb. 2026 was $9,322 Mil. Tsuruha Holdings's operating liabilities for the quarter that ended in Feb. 2026 was $3,506 Mil. Tsuruha Holdings's Total Assets for the quarter that ended in Nov. 2025 was $4,283 Mil. Therefore, Tsuruha Holdings's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 1.36.

Tsuruha Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Tsuruha 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.

Tsuruha Holdings Scaled Net Operating Assets Chart

Tsuruha Holdings Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 Feb26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.47 0.34 0.47 0.48 1.65

Tsuruha Holdings 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 0.51 0.48 0.42 0.41 1.36

Tsuruha Holdings Scaled Net Operating Assets Competitor Comparison

For the Pharmaceutical Retailers subindustry, Tsuruha 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.

Tsuruha Holdings Scaled Net Operating Assets vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Tsuruha Holdings's Scaled Net Operating Assets distribution charts can be found below:

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


TSUSF
69GF Score
Tsuruha Holdings Inc TSUSF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Tsuruha 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.

Tsuruha Holdings'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: May. 2024 )
=(9321.961-3506.017)/3525.721
=1.65

where

Operating Assets(A: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=10625.171 - 1303.21
=9321.961

Operating Liabilities(A: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4850.214 - 998.03 - 346.167
=3506.017

Tsuruha Holdings'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 )
=(9321.961-3506.017)/4282.882
=1.36

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=10625.171 - 1303.21
=9321.961

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4850.214 - 998.03 - 346.167
=3506.017

* 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 1.36 mean?
Tsuruha Holdings (TSUSF) has a Scaled Net Operating Assets of 1.36 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 Tsuruha Holdings and its competitors.
Is Tsuruha Holdings' Scaled Net Operating Assets too high?
Tsuruha Holdings' current Scaled Net Operating Assets is 1.36. Overall, Tsuruha Holdings has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Tsuruha Holdings' Scaled Net Operating Assets compare to competitors?
Tsuruha Holdings' Scaled Net Operating Assets of 1.36 can be compared against companies in the Healthcare Providers & Services 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 Healthcare Providers & Services company?
A good Scaled Net Operating Assets depends on the Healthcare Providers & Services 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 Tsuruha Holdings and its competitors. Tsuruha Holdings's current Scaled Net Operating Assets is 1.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tsuruha Holdings stock overvalued right now?
Tsuruha Holdings (TSUSF) has a current Scaled Net Operating Assets of 1.36. The stock's GF Value™ is $22.33, compared to a current price of $17.25 — trading 22.7% below its estimated fair value. The current Scaled Net Operating Assets is 1.36. Tsuruha Holdings' overall GF Score™ is 69/100 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 Tsuruha Holdings (TSUSF), the current Scaled Net Operating Assets is 1.36 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 Tsuruha Holdings (TSUSF) Overvalued in 2026?

Based on GuruFocus' analysis, Tsuruha Holdings stock appears to be undervalued. The current stock price of $17.25 is trading 22.7% below its estimated GF Value™ of $22.33.

Key valuation signals for TSUSF:

  • Scaled Net Operating Assets: 1.36
  • GF Value™: $22.33 vs. price of $17.25 (22.7% below fair value)
  • GF Score™: 69/100 with 5 warning signs

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

Tsuruha Holdings Business Description

Other Exchanges 3391:Japan
Address Kita 24-jo Higashi 20-chome, Higashi-ku, Sapporo, JPN, 065-0024
Tsuruha Holdings Inc manages pharmaceutical companies in Japan, where the drugstore business is the core of their operations. The company generates revenue through selling prescription and over-the-counter drugs, medical supplies, nursing care products, discount cosmetics, health products, and a miscellaneous assortment of general merchandise. It also provides blood testing services, disease prevention solutions, and at-home drug delivery services.
69GF Score

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

$17.25
Price
$22.33
GF Value