K Way Co (ROCO:5201) Scaled Net Operating Assets: 0.39 (As of Dec. 2025)

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ROCO:5201 K Way Co Ltd ROCO:5201
66 GF Score
Price NT$26.55
GF Value NT$41.10
Valuation Significantly Undervalued
! 2 Warning Signs
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What is K Way Co Scaled Net Operating Assets?

K Way Co ROCO:5201 -2.39% 66 Scaled Net Operating Assets is 0.39 as of Dec. 2025. GuruFocus rates ROCO:5201 with a GF Score™ of 66/100 and a GF Value™ of NT$41.10 (Significantly Undervalued). The stock has 2 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.

K Way Co's operating assets for the quarter that ended in Dec. 2025 was NT$472.0 Mil. K Way Co's operating liabilities for the quarter that ended in Dec. 2025 was NT$131.1 Mil. K Way Co's Total Assets for the quarter that ended in Sep. 2025 was NT$866.9 Mil. Therefore, K Way Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.39.


K Way Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for K Way 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.

K Way Co Scaled Net Operating Assets Chart

K Way 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 -0.05 -0.05 0.00 0.09 0.54

K Way 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 0.09 0.06 0.11 0.64 0.39

ROCO:5201 vs UBER, SHOP, CRM: Scaled Net Operating Assets Comparison

For the Software - Application subindustry, K Way 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.


K Way Co Scaled Net Operating Assets vs Software Industry

For the Software industry and Technology sector, K Way Co's Scaled Net Operating Assets distribution charts can be found below:

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


ROCO:5201
66GF Score
K Way Co Ltd ROCO:5201
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

K Way 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.

K Way 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 )
=(472.001-131.064)/636.544
=0.54

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=954.796 - 482.795
=472.001

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=264.472 - 118.654 - 14.754
=131.064

K Way 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 )
=(472.001-131.064)/866.944
=0.39

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=954.796 - 482.795
=472.001

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=264.472 - 118.654 - 14.754
=131.064

* 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 0.39 mean?
K Way Co (ROCO:5201) has a Scaled Net Operating Assets of 0.39 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 K Way Co and its competitors.
Is K Way Co's Scaled Net Operating Assets too high?
K Way Co's current Scaled Net Operating Assets is 0.39. Overall, K Way Co has a GF Score™ of 66/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does K Way Co's Scaled Net Operating Assets compare to UBER and SHOP?
K Way Co's Scaled Net Operating Assets of 0.39 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 Scaled Net Operating Assets for a Software company?
A good Scaled Net Operating Assets depends on the Software 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 K Way Co and its competitors. K Way Co's current Scaled Net Operating Assets is 0.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is K Way Co stock overvalued right now?
Based on GuruFocus' analysis, K Way Co (ROCO:5201) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$41.10, compared to a current price of NT$26.55 — trading 35.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.39. K Way Co's overall GF Score™ is 66/100 with 2 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 K Way Co (ROCO:5201), the current Scaled Net Operating Assets is 0.39 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 K Way Co (ROCO:5201) Overvalued in 2026?

Based on GuruFocus' analysis, K Way Co stock appears to be undervalued. The current stock price of NT$26.55 is trading 35.4% below its estimated GF Value™ of NT$41.10. GuruFocus considers K Way Co to be Significantly Undervalued.

Key valuation signals for ROCO:5201:

  • Scaled Net Operating Assets: 0.39
  • GF Value™: NT$41.10 vs. price of NT$26.55 (35.4% below fair value)
  • GF Score™: 66/100 with 2 warning signs

No single metric tells the full story. See the ROCO:5201 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


K Way Co Business Description

Address Guangfu North Road, 5th Floor, No. 35, Lane 11, Songshan District, Taipei, TWN
K Way Co Ltd operates as a software company in financial industry. The company is focuses on the development of key system software in the securities and financial industry for trading, settlement, market data, FIX, trading tools. It mainly offers stable and speedy trading system, cross platform system, database settlement system, money management system, investment account management system & others.
66GF Score

Get the complete analysis for ROCO:5201

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

NT$26.55
Price
NT$41.10
GF Value