Tat Hong Equipment Service Co (FRA:1Q2) Scaled Net Operating Assets: 0.71 (As of Sep. 2025)


FRA:1Q2 Tat Hong Equipment Service Co Ltd FRA:1Q2
48 GF Score
Price €0.08
GF Value €0.08
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Tat Hong Equipment Service Co Scaled Net Operating Assets?

Tat Hong Equipment Service Co FRA:1Q2 48 Scaled Net Operating Assets is 0.71 as of Sep. 2025. GuruFocus rates FRA:1Q2 with a GF Score™ of 48/100 and a GF Value™ of €0.08 (Modestly 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.

Tat Hong Equipment Service Co's operating assets for the quarter that ended in Sep. 2025 was €340.11 Mil. Tat Hong Equipment Service Co's operating liabilities for the quarter that ended in Sep. 2025 was €57.44 Mil. Tat Hong Equipment Service Co's Total Assets for the quarter that ended in Mar. 2025 was €396.48 Mil. Therefore, Tat Hong Equipment Service Co's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2025 was 0.71.


Tat Hong Equipment Service Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Tat Hong Equipment Service 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.

Tat Hong Equipment Service Co Scaled Net Operating Assets Chart

Tat Hong Equipment Service Co Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only 0.93 0.78 0.73 0.78 0.71

Tat Hong Equipment Service Co Semi-Annual Data
Mar18 Mar19 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 0.76 0.81 0.75 0.71 0.79

FRA:1Q2 vs CAT, DE, PCAR: Scaled Net Operating Assets Comparison

For the Farm & Heavy Construction Machinery subindustry, Tat Hong Equipment Service 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.


Tat Hong Equipment Service Co Scaled Net Operating Assets vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Tat Hong Equipment Service Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Tat Hong Equipment Service Co's Scaled Net Operating Assets falls into.


FRA:1Q2
48GF Score
Tat Hong Equipment Service Co Ltd FRA:1Q2
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Tat Hong Equipment Service 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.

Tat Hong Equipment Service Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2025 )
=(Operating Assets (A: Mar. 2025 )-Operating Liabilities (A: Mar. 2025 ))/Total Assets (A: Mar. 2024 )
=(376.248-68.967)/393.213
=0.78

where

Operating Assets(A: Mar. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=396.48 - 20.232
=376.248

Operating Liabilities(A: Mar. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=230.29 - 76.564 - 84.759
=68.967

Tat Hong Equipment Service Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2025 )
=(Operating Assets (Q: Sep. 2025 )-Operating Liabilities (Q: Sep. 2025 ))/Total Assets (Q: Mar. 2025 )
=(340.109-57.435)/396.48
=0.71

where

Operating Assets(Q: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=357.699 - 17.59
=340.109

Operating Liabilities(Q: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=208.51 - 70.409 - 80.666
=57.435

* 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 0.71 mean?
Tat Hong Equipment Service Co (FRA:1Q2) has a Scaled Net Operating Assets of 0.71 as of Sep. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Tat Hong Equipment Service Co and its competitors.
Is Tat Hong Equipment Service Co's Scaled Net Operating Assets too high?
Tat Hong Equipment Service Co's current Scaled Net Operating Assets is 0.71. Overall, Tat Hong Equipment Service Co has a GF Score™ of 48/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tat Hong Equipment Service Co's Scaled Net Operating Assets compare to CAT and DE?
Tat Hong Equipment Service Co's Scaled Net Operating Assets of 0.71 can be compared against companies in the Farm & Heavy Construction Machinery 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 Farm & Heavy Construction Machinery company?
A good Scaled Net Operating Assets depends on the Farm & Heavy Construction Machinery 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 Tat Hong Equipment Service Co and its competitors. Tat Hong Equipment Service Co's current Scaled Net Operating Assets is 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tat Hong Equipment Service Co stock overvalued right now?
Based on GuruFocus' analysis, Tat Hong Equipment Service Co (FRA:1Q2) is currently considered Modestly Overvalued. The stock's GF Value™ is €0.08, compared to a current price of €0.08 — trading 5.6% above its estimated fair value. The current Scaled Net Operating Assets is 0.71. Tat Hong Equipment Service Co's overall GF Score™ is 48/100 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 Tat Hong Equipment Service Co (FRA:1Q2), the current Scaled Net Operating Assets is 0.71 as of Sep. 2025. 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 Tat Hong Equipment Service Co (FRA:1Q2) Overvalued in 2026?

Based on GuruFocus' analysis, Tat Hong Equipment Service Co stock appears to be overvalued. The current stock price of €0.08 is trading 5.6% above its estimated GF Value™ of €0.08. GuruFocus considers Tat Hong Equipment Service Co to be Modestly Overvalued.

Key valuation signals for FRA:1Q2:

  • Scaled Net Operating Assets: 0.71
  • GF Value™: €0.08 vs. price of €0.08 (5.6% above fair value)
  • GF Score™: 48/100 with 6 warning signs

No single metric tells the full story. See the FRA:1Q2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tat Hong Equipment Service Co Business Description

Other Exchanges 02153:Hong Kong
Address No. 2377, Shenkun Road, Room 601, Building 8, PortMix, Minhang District, Shanghai, CHN, 201106
Tat Hong Equipment Service Co Ltd is involved in providing tower crane services. The company offers a range of tower crane solutions, including consultation, technical design, commissioning, construction, and after-sales services. The operating segments generate revenue mainly from tower crane services. Geographically the key revenue is obtained from PRC region.
48GF 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.

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