Grinm Advanced Materials Co (SHSE:600206) Scaled Net Operating Assets: 0.67 (As of Mar. 2026)

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SHSE:600206 Grinm Advanced Materials Co Ltd SHSE:600206
50 GF Score
Price ¥39.85
GF Value ¥14.25
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Grinm Advanced Materials Co Scaled Net Operating Assets?

Grinm Advanced Materials Co SHSE:600206 -9.00% 50 Scaled Net Operating Assets is 0.67 as of Mar. 2026. GuruFocus rates SHSE:600206 with a GF Score™ of 50/100 and a GF Value™ of ¥14.25 (Significantly Overvalued). The stock has 8 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.

Grinm Advanced Materials Co's operating assets for the quarter that ended in Mar. 2026 was ¥6,989 Mil. Grinm Advanced Materials Co's operating liabilities for the quarter that ended in Mar. 2026 was ¥1,916 Mil. Grinm Advanced Materials Co's Total Assets for the quarter that ended in Dec. 2025 was ¥7,621 Mil. Therefore, Grinm Advanced Materials Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.67.


Grinm Advanced Materials Co Scaled Net Operating Assets Historical Data

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The historical data trend for Grinm Advanced Materials 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.

Grinm Advanced Materials Co Scaled Net Operating Assets Chart

Grinm Advanced Materials 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 0.59 0.75 0.55 0.58 0.62

Grinm Advanced Materials Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.61 0.62 0.68 0.52 0.67

SHSE:600206 vs AMAT, LRCX, KLAC: Scaled Net Operating Assets Comparison

For the Semiconductor Equipment & Materials subindustry, Grinm Advanced Materials 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.


Grinm Advanced Materials Co Scaled Net Operating Assets vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Grinm Advanced Materials Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Grinm Advanced Materials Co's Scaled Net Operating Assets falls into.


SHSE:600206
50GF Score
Grinm Advanced Materials Co Ltd SHSE:600206
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Grinm Advanced Materials 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.

Grinm Advanced Materials 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 )
=(5460.801-1451.352)/6503.356
=0.62

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=7620.569 - 2159.768
=5460.801

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2656.653 - 39.884 - 1165.417
=1451.352

Grinm Advanced Materials Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(6989.314-1915.948)/7620.569
=0.67

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=7800.994 - 811.68
=6989.314

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2747.47 - 166.93 - 664.592
=1915.948

* 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?
Grinm Advanced Materials Co (SHSE:600206) has a Scaled Net Operating Assets of 0.67 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Grinm Advanced Materials Co and its competitors.
Is Grinm Advanced Materials Co's Scaled Net Operating Assets too high?
Grinm Advanced Materials Co's current Scaled Net Operating Assets is 0.67. Overall, Grinm Advanced Materials Co has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Grinm Advanced Materials Co's Scaled Net Operating Assets compare to AMAT and LRCX?
Grinm Advanced Materials Co's Scaled Net Operating Assets of 0.67 can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Scaled Net Operating Assets depends on the Semiconductors 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 Grinm Advanced Materials Co and its competitors. Grinm Advanced Materials 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 Grinm Advanced Materials Co stock overvalued right now?
Based on GuruFocus' analysis, Grinm Advanced Materials Co (SHSE:600206) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥14.25, compared to a current price of ¥39.85 — trading 179.6% above its estimated fair value. The current Scaled Net Operating Assets is 0.67. Grinm Advanced Materials Co's overall GF Score™ is 50/100 with 8 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 Grinm Advanced Materials Co (SHSE:600206), the current Scaled Net Operating Assets is 0.67 as of Mar. 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 Grinm Advanced Materials Co (SHSE:600206) Overvalued in 2026?

Based on GuruFocus' analysis, Grinm Advanced Materials Co stock appears to be overvalued. The current stock price of ¥39.85 is trading 179.6% above its estimated GF Value™ of ¥14.25. GuruFocus considers Grinm Advanced Materials Co to be Significantly Overvalued.

Key valuation signals for SHSE:600206:

  • Scaled Net Operating Assets: 0.67
  • GF Value™: ¥14.25 vs. price of ¥39.85 (179.6% above fair value)
  • GF Score™: 50/100 with 8 warning signs

No single metric tells the full story. See the SHSE:600206 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Grinm Advanced Materials Co Business Description

Address No.43, North Third Ring Road, Haidian District, Beijing, CHN, 100088
Grinm Advanced Materials Co Ltd is engaged in the research, development, manufacture, and distribution of semiconductor materials. The semiconductors offered by the company are widely used in integrated circuits, discrete devices, solar cell and other fields. Its products are exported to the United States, Japan, Spain, South Korea, Taiwan, Hong Kong and other places.
50GF Score

Get the complete analysis for SHSE:600206

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

¥39.85
Price
¥14.25
GF Value