Asia Electronic Material Co (ROCO:4939) Scaled Net Operating Assets: 0.67 (As of Dec. 2025)


ROCO:4939 Asia Electronic Material Co Ltd ROCO:4939
47 GF Score
Price NT$56.60
GF Value NT$18.26
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Asia Electronic Material Co Scaled Net Operating Assets?

Asia Electronic Material Co ROCO:4939 47 Scaled Net Operating Assets is 0.67 as of Dec. 2025. GuruFocus rates ROCO:4939 with a GF Score™ of 47/100 and a GF Value™ of NT$18.26 (Significantly Overvalued). The stock has 7 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.

Asia Electronic Material Co's operating assets for the quarter that ended in Dec. 2025 was NT$2,128 Mil. Asia Electronic Material Co's operating liabilities for the quarter that ended in Dec. 2025 was NT$442 Mil. Asia Electronic Material Co's Total Assets for the quarter that ended in Sep. 2025 was NT$2,520 Mil. Therefore, Asia Electronic Material Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.67.


Asia Electronic Material Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Asia Electronic Material 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.

Asia Electronic Material Co Scaled Net Operating Assets Chart

Asia Electronic Material Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.62 0.55 0.60 0.67 0.61

Asia Electronic Material Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.64 0.67 0.50 0.67 0.67

ROCO:4939 vs APH, GLW: Scaled Net Operating Assets Comparison

For the Electronic Components subindustry, Asia Electronic Material 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.


Asia Electronic Material Co Scaled Net Operating Assets vs Hardware Industry

For the Hardware industry and Technology sector, Asia Electronic Material Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Asia Electronic Material Co's Scaled Net Operating Assets falls into.


ROCO:4939
47GF Score
Asia Electronic Material Co Ltd ROCO:4939
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Asia Electronic Material 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.

Asia Electronic Material Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(2127.637-441.962)/2777.155
=0.61

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2663.532 - 535.895
=2127.637

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1311.591 - 155.657 - 713.972
=441.962

Asia Electronic Material Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Sep. 2025 )
=(2127.637-441.962)/2520.104
=0.67

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2663.532 - 535.895
=2127.637

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1311.591 - 155.657 - 713.972
=441.962

* 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 0.67 mean?
Asia Electronic Material Co (ROCO:4939) has a Scaled Net Operating Assets of 0.67 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Asia Electronic Material Co and its competitors.
Is Asia Electronic Material Co's Scaled Net Operating Assets too high?
Asia Electronic Material Co's current Scaled Net Operating Assets is 0.67. Overall, Asia Electronic Material Co has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Asia Electronic Material Co's Scaled Net Operating Assets compare to APH and GLW?
Asia Electronic Material Co's Scaled Net Operating Assets of 0.67 can be compared against companies in the Hardware 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 Hardware company?
A good Scaled Net Operating Assets depends on the Hardware 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 Asia Electronic Material Co and its competitors. Asia Electronic Material Co's current Scaled Net Operating Assets is 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Electronic Material Co stock overvalued right now?
Based on GuruFocus' analysis, Asia Electronic Material Co (ROCO:4939) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$18.26, compared to a current price of NT$56.60 — trading 210% above its estimated fair value. The current Scaled Net Operating Assets is 0.67. Asia Electronic Material Co's overall GF Score™ is 47/100 with 7 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 Asia Electronic Material Co (ROCO:4939), the current Scaled Net Operating Assets is 0.67 as of Dec. 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 Asia Electronic Material Co (ROCO:4939) Overvalued in 2026?

Based on GuruFocus' analysis, Asia Electronic Material Co stock appears to be overvalued. The current stock price of NT$56.60 is trading 210% above its estimated GF Value™ of NT$18.26. GuruFocus considers Asia Electronic Material Co to be Significantly Overvalued.

Key valuation signals for ROCO:4939:

  • Scaled Net Operating Assets: 0.67
  • GF Value™: NT$18.26 vs. price of NT$56.60 (210% above fair value)
  • GF Score™: 47/100 with 7 warning signs

No single metric tells the full story. See the ROCO:4939 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Asia Electronic Material Co Business Description

Address No. 3, HuanKe 1st Road, 6th Floor-7, Hsinchu County, Zhubei, TWN, 302
Asia Electronic Material Co Ltd is engaged in manufacture of electronic products and sale of electronic materials. Geographically, the company operates in Taiwan, China, and Other Countries, of which it derives maximum revenue from China. it mainly researches, develops, manufactures and markets flexible copper clad laminate (FCCL), coverlay (CL), stiffener and bonding sheet. Its products are used in Mobile phones, smart phones, digital cameras, laptop PCs, tablet PCs, LCD monitors, printer inkjet heads, hard drive heads, a variety of flat panel displays, touch modules, antenna panels, batteries and LED backlight module light bar etc.
47GF Score

Get the complete analysis for ROCO:4939

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

NT$56.60
Price
NT$18.26
GF Value