Note (FRA:8O4) Total Assets: €59.18 Mil (As of May. 2026)

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What is Note Total Assets?

Note FRA:8O4 +3.54% 63 Total Assets is €59.18 Mil as of May. 2026. GuruFocus rates FRA:8O4 with a GF Score™ of 63/100 and a GF Value™ of €4.64. The stock has 6 warning signs investors should review.

Note's Total Assets for the quarter that ended in May. 2026 was €59.18 Mil.

Warning Sign:

If a company builds assets at 30.4% a year, faster than its revenue growth rate of 18.5% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Note's average Total Assets Growth Rate was 25.40% per year. During the past 3 years, the average Total Assets Growth Rate was 40.60% per year. During the past 5 years, the average Total Assets Growth Rate was 30.40% per year.

During the past 6 years, Note's highest 3-Year average Total Assets Growth Rate was 40.60%. The lowest was 22.50%. And the median was 22.60%.

Total Assets is connected with ROA %. Note's annualized ROA % for the quarter that ended in May. 2026 was 0.00%. Total Assets is also linked to Revenue through Asset Turnover. Note's Asset Turnover for the quarter that ended in May. 2026 was 0.00.

Note (FRA:8O4) Total Assets Explanation

Total Assets is connected with ROA %.

Note's annualized ROA % for the quarter that ended in May. 2026 is

ROA %	=	Net Income (Q: May. 2026 )	/	( (Total Assets (Q: Feb. 2026 )	+	Total Assets (Q: May. 2026 ))	/ count )
	=	0	/	( (46.32	+	59.183)	/ 2 )
	=	0	/	52.7515
	=	0.00 %

Note: The Net Income data used here is four times the quarterly (May. 2026) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Note's Asset Turnover for the quarter that ended in May. 2026 is

	Asset Turnover
=	Revenue (Q: May. 2026 )	/	( (Total Assets (Q: Feb. 2026 )	+	Total Assets (Q: May. 2026 ))	/ count )
=	0	/	( (46.32	+	59.183)	/ 2 )
=	0	/	52.7515
=	0.00

* 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.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Note Total Assets Related Terms

Note Total Assets Historical Data

* Premium members only.

The historical data trend for Note's Total Assets can be seen below:

Note Total Assets Chart

Note Annual Data

Trend

Nov20

Nov21

Nov22

Nov23

Nov24

Nov25

Total Assets

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13.46

22.75

20.45

23.10

34.26

Note Quarterly Data
	Nov20	Nov21	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25	May25	Aug25	Nov25	Feb26	May26
Total Assets	Get a 7-Day Free Trial													29.89	35.06	34.26	46.32	59.18

63GF Score

Note Inc FRA:8O4

Total Assets is just one metric. See GF Score™, valuation, warning signs, and more.

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Note Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Note's Total Assets for the fiscal year that ended in Nov. 2025 is calculated as

Total Assets	=	Total Equity (A: Nov. 2025 )	+	Total Liabilities (A: Nov. 2025 )
	=	16.05	+	18.213
	=	34.26

Note's Total Assets for the quarter that ended in May. 2026 is calculated as

Total Assets	=	Total Equity (Q: May. 2026 )	+	Total Liabilities (Q: May. 2026 )
	=	41.805	+	17.378
	=	59.18

Frequently Asked Questions Learn more about Total Assets →

What does a Total Assets of €59.18 Mil mean?

Note (FRA:8O4) has a Total Assets of €59.18 Mil as of May. 2026. The total amount of assets as recorded on a company's balance sheet. View historical data on Note and its competitors.

Is Note's Total Assets too high?

Note's current Total Assets is €59.18 Mil. Overall, Note has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.

How does Note's Total Assets compare to UBER and SHOP?

Note's Total Assets of €59.18 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Total Assets for a Software company?

A good Total Assets depends on the Software industry context. However, Total 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 Total Assets mean?

A high Total Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets as recorded on a company's balance sheet. View historical data on Note and its competitors. Note's current Total Assets is €59.18 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Note stock overvalued right now?

Note (FRA:8O4) has a current Total Assets of €59.18 Mil. The stock's GF Value™ is €4.64, compared to a current price of €11.70 — trading 152.2% above its estimated fair value. The current Total Assets is €59.18 Mil. Note's overall GF Score™ is 63/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Total Assets calculated?

Total Assets is calculated from a company's financial statements. For Note (FRA:8O4), the current Total Assets is €59.18 Mil 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 Note (FRA:8O4) Overvalued in 2026?

Based on GuruFocus' analysis, Note stock appears to be overvalued. The current stock price of €11.70 is trading 152.2% above its estimated GF Value™ of €4.64.

Key valuation signals for FRA:8O4:

Total Assets: €59.18 Mil
GF Value™: €4.64 vs. price of €11.70 (152.2% above fair value)
GF Score™: 63/100 with 6 warning signs

No single metric tells the full story. See the FRA:8O4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Note Business Description

Industry Technology Software

Comparable Companies TSE:4375 TSE:3692 TSE:4323 TSE:3983 TSE:3836 TSE:4477 TSE:3771 TSE:4826 TSE:9702 TSE:9687 XTER:SAP UBER SHOP CRM CDNS NOW ADP SNOW DDOG ADBE

Other Exchanges 5243:Japan

Address 3-1-2 Kitaaoyama, Minato-ku, Tokyo, JPN, 107-0061

Website https://note.jp

Note Inc is engaged in the operation of C2C content platform.

63GF Score

Get the complete analysis for FRA:8O4

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

€11.70

Price

€4.64

GF Value

View FRA:8O4 Analysis

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