Ushio (UHOIF) Scaled Net Operating Assets: 0.61 (As of Mar. 2026)


UHOIF Ushio Inc UHOIF
77 GF Score
Price $28.64
GF Value $17.77
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Ushio Scaled Net Operating Assets?

Ushio UHOIF 77 Scaled Net Operating Assets is 0.61 as of Mar. 2026. GuruFocus rates UHOIF with a GF Score™ of 77/100 and a GF Value™ of $17.77 (Significantly Overvalued). The stock has 6 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.

Ushio's operating assets for the quarter that ended in Mar. 2026 was $1,595 Mil. Ushio's operating liabilities for the quarter that ended in Mar. 2026 was $366 Mil. Ushio's Total Assets for the quarter that ended in Dec. 2025 was $2,020 Mil. Therefore, Ushio's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.61.


Ushio Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Ushio'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.

Ushio Scaled Net Operating Assets Chart

Ushio 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 0.51 0.51 0.55 0.53 0.62

Ushio Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 0.57 0.61 0.60 0.56 0.61

UHOIF vs GEV, ETN, PH: Scaled Net Operating Assets Comparison

For the Specialty Industrial Machinery subindustry, Ushio'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.


Ushio Scaled Net Operating Assets vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ushio's Scaled Net Operating Assets distribution charts can be found below:

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


UHOIF
77GF Score
Ushio Inc UHOIF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Ushio 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.

Ushio'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 )
=(1594.994-366.361)/1994.558
=0.62

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2086.415 - 491.421
=1594.994

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=836.525 - 281.719 - 188.445
=366.361

Ushio'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: Dec. 2025 )
=(1594.994-366.361)/2019.947
=0.61

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2086.415 - 491.421
=1594.994

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=836.525 - 281.719 - 188.445
=366.361

* 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 0.61 mean?
Ushio (UHOIF) has a Scaled Net Operating Assets of 0.61 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 Ushio and its competitors.
Is Ushio's Scaled Net Operating Assets too high?
Ushio's current Scaled Net Operating Assets is 0.61. Overall, Ushio has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ushio's Scaled Net Operating Assets compare to GEV and ETN?
Ushio's Scaled Net Operating Assets of 0.61 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Scaled Net Operating Assets depends on the Industrial Products 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 Ushio and its competitors. Ushio's current Scaled Net Operating Assets is 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ushio stock overvalued right now?
Based on GuruFocus' analysis, Ushio (UHOIF) is currently considered Significantly Overvalued. The stock's GF Value™ is $17.77, compared to a current price of $28.64 — trading 61.2% above its estimated fair value. The current Scaled Net Operating Assets is 0.61. Ushio's overall GF Score™ is 77/100 with 6 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 Ushio (UHOIF), the current Scaled Net Operating Assets is 0.61 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 Ushio (UHOIF) Overvalued in 2026?

Based on GuruFocus' analysis, Ushio stock appears to be overvalued. The current stock price of $28.64 is trading 61.2% above its estimated GF Value™ of $17.77. GuruFocus considers Ushio to be Significantly Overvalued.

Key valuation signals for UHOIF:

  • Scaled Net Operating Assets: 0.61
  • GF Value™: $17.77 vs. price of $28.64 (61.2% above fair value)
  • GF Score™: 77/100 with 6 warning signs

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


Ushio Business Description

Other Exchanges 6925:Japan
Address 2-6-1 Otemachi, Chiyoda-ku, Tokyo, JPN, 100-8150
Ushio Inc is a Japan-based company that primarily operates through two segments. The company's equipment business primarily manufactures and distributes imaging equipment and optical equipment, including digital projectors, optical equipment for manufacturing semiconductors, UV phototherapy devices, and EUV light sources equipment for semiconductor inspection and development applications. The light sources business manufactures lamps and LED and LD products, including UV lamps for manufacturing semiconductors, light sources for use in cinema projectors, and halogen lamps for office automation equipment.
77GF 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.

$28.64
Price
$17.77
GF Value