PChome Online (ROCO:8044) Scaled Net Operating Assets: 0.41 (As of Dec. 2025)


ROCO:8044 PChome Online Inc ROCO:8044
57 GF Score
Price NT$26.80
GF Value NT$25.34
Valuation Fairly Valued
! 5 Warning Signs
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What is PChome Online Scaled Net Operating Assets?

PChome Online ROCO:8044 57 Scaled Net Operating Assets is 0.41 as of Dec. 2025. GuruFocus rates ROCO:8044 with a GF Score™ of 57/100 and a GF Value™ of NT$25.34 (Fairly Valued). The stock has 5 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.

PChome Online's operating assets for the quarter that ended in Dec. 2025 was NT$26,417 Mil. PChome Online's operating liabilities for the quarter that ended in Dec. 2025 was NT$12,413 Mil. PChome Online's Total Assets for the quarter that ended in Sep. 2025 was NT$34,232 Mil. Therefore, PChome Online's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.41.

PChome Online Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for PChome Online'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.

PChome Online Scaled Net Operating Assets Chart

PChome Online 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 0.41 0.39 0.54 0.53 0.53

PChome Online 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 0.55 0.54 0.55 0.53 0.41

ROCO:8044 vs AMZN, BABA, PDD: Scaled Net Operating Assets Comparison

For the Internet Retail subindustry, PChome Online'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.

PChome Online Scaled Net Operating Assets vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, PChome Online's Scaled Net Operating Assets distribution charts can be found below:

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


ROCO:8044
57GF Score
PChome Online Inc ROCO:8044
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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PChome Online 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.

PChome Online'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 )
=(26417.251-12412.749)/26436.016
=0.53

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=32915.275 - 6498.024
=26417.251

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=24181.693 - 6577.861 - 5191.083
=12412.749

PChome Online'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 )
=(26417.251-12412.749)/34232.183
=0.41

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=32915.275 - 6498.024
=26417.251

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=24181.693 - 6577.861 - 5191.083
=12412.749

* 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 0.41 mean?
PChome Online (ROCO:8044) has a Scaled Net Operating Assets of 0.41 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 PChome Online and its competitors.
Is PChome Online's Scaled Net Operating Assets too high?
PChome Online's current Scaled Net Operating Assets is 0.41. Overall, PChome Online has a GF Score™ of 57/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PChome Online's Scaled Net Operating Assets compare to AMZN and BABA?
PChome Online's Scaled Net Operating Assets of 0.41 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Scaled Net Operating Assets depends on the Retail - Cyclical 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 PChome Online and its competitors. PChome Online's current Scaled Net Operating Assets is 0.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PChome Online stock overvalued right now?
Based on GuruFocus' analysis, PChome Online (ROCO:8044) is currently considered Fairly Valued. The stock's GF Value™ is NT$25.34, compared to a current price of NT$26.80 — trading 5.8% above its estimated fair value. The current Scaled Net Operating Assets is 0.41. PChome Online's overall GF Score™ is 57/100 with 5 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 PChome Online (ROCO:8044), the current Scaled Net Operating Assets is 0.41 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 PChome Online (ROCO:8044) Overvalued in 2026?

Based on GuruFocus' analysis, PChome Online stock appears to be overvalued. The current stock price of NT$26.80 is trading 5.8% above its estimated GF Value™ of NT$25.34. GuruFocus considers PChome Online to be Fairly Valued.

Key valuation signals for ROCO:8044:

  • Scaled Net Operating Assets: 0.41
  • GF Value™: NT$25.34 vs. price of NT$26.80 (5.8% above fair value)
  • GF Score™: 57/100 with 5 warning signs

No single metric tells the full story. See the ROCO:8044 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

PChome Online Business Description

Address Tun Hwa South Road, 12 Floor, No. 105, Section 2, Taipei, TWN, 106
PChome Online Inc is an E-commerce service provider. The primary business scope of the Company and its subsidiaries (together referred to as the Group) includes software design, digital information supply, data processing, and wholesaling and retailing of office machinery, equipment, and information software. The Group's reportable segments are the E-Commerce-Sales segment, Marketplace segment, Fintech segment, and other segment. The E-Commerce-Sales segment is the revenue collection from the online platform from the sale of goods. The other segment is the revenue generated from the online platform to provide search engine services, and telecommunication and communication services. Geographically, in Taiwan only.
57GF Score

Get the complete analysis for ROCO:8044

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

NT$26.80
Price
NT$25.34
GF Value