NARI Technology Co (SHSE:600406) Scaled Net Operating Assets: 0.38 (As of Mar. 2026)


SHSE:600406 NARI Technology Co Ltd SHSE:600406
92 GF Score
Price ¥22.04
GF Value ¥30.04
Valuation Modestly Undervalued
! 1 Warning Sign
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What is NARI Technology Co Scaled Net Operating Assets?

NARI Technology Co SHSE:600406 +1.66% 92 Scaled Net Operating Assets is 0.38 as of Mar. 2026. GuruFocus rates SHSE:600406 with a GF Score™ of 92/100 and a GF Value™ of ¥30.04 (Modestly Undervalued). The stock has 1 warning sign investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

NARI Technology Co's operating assets for the quarter that ended in Mar. 2026 was ¥74,857 Mil. NARI Technology Co's operating liabilities for the quarter that ended in Mar. 2026 was ¥37,885 Mil. NARI Technology Co's Total Assets for the quarter that ended in Dec. 2025 was ¥98,586 Mil. Therefore, NARI Technology Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.38.

NARI Technology Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for NARI Technology 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.

NARI Technology Co Scaled Net Operating Assets Chart

NARI Technology 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 0.43 0.42 0.38 0.33 0.35

NARI Technology 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 0.33 0.36 0.37 0.35 0.38

SHSE:600406 vs GEV, ETN, PH: Scaled Net Operating Assets Comparison

For the Specialty Industrial Machinery subindustry, NARI Technology 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.

NARI Technology Co Scaled Net Operating Assets vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, NARI Technology Co's Scaled Net Operating Assets distribution charts can be found below:

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


SHSE:600406
92GF Score
NARI Technology Co Ltd SHSE:600406
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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NARI Technology 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.

NARI Technology 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 )
=(74092.026-41538.842)/93072.232
=0.35

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=98585.658 - 24493.632
=74092.026

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=42126.213 - 30.124 - 557.247
=41538.842

NARI Technology 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 )
=(74856.599-37885.238)/98585.658
=0.38

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=95863.441 - 21006.842
=74856.599

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=38532.296 - 59.033 - 588.025
=37885.238

* 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 0.38 mean?
NARI Technology Co (SHSE:600406) has a Scaled Net Operating Assets of 0.38 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 NARI Technology Co and its competitors.
Is NARI Technology Co's Scaled Net Operating Assets too high?
NARI Technology Co's current Scaled Net Operating Assets is 0.38. Overall, NARI Technology Co has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NARI Technology Co's Scaled Net Operating Assets compare to GEV and ETN?
NARI Technology Co's Scaled Net Operating Assets of 0.38 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Scaled Net Operating Assets depends on the Industrial Products 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 NARI Technology Co and its competitors. NARI Technology Co's current Scaled Net Operating Assets is 0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NARI Technology Co stock overvalued right now?
Based on GuruFocus' analysis, NARI Technology Co (SHSE:600406) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥30.04, compared to a current price of ¥22.04 — trading 26.6% below its estimated fair value. The current Scaled Net Operating Assets is 0.38. NARI Technology Co's overall GF Score™ is 92/100 with 1 warning sign 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 NARI Technology Co (SHSE:600406), the current Scaled Net Operating Assets is 0.38 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 NARI Technology Co (SHSE:600406) Overvalued in 2026?

Based on GuruFocus' analysis, NARI Technology Co stock appears to be undervalued. The current stock price of ¥22.04 is trading 26.6% below its estimated GF Value™ of ¥30.04. GuruFocus considers NARI Technology Co to be Modestly Undervalued.

Key valuation signals for SHSE:600406:

  • Scaled Net Operating Assets: 0.38
  • GF Value™: ¥30.04 vs. price of ¥22.04 (26.6% below fair value)
  • GF Score™: 92/100 with 1 warning sign

No single metric tells the full story. See the SHSE:600406 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

NARI Technology Co Business Description

Address Building 2, No. 19 Chengxin Avenue, Jiangning Economic and Technological Development Zone, Jiangsu Province, Nanjing, CHN, 211106
NARI Technology Co Ltd is engaged in providing power & automation technologies in China. It operates in areas of power system automation, smart grid, renewable energy, railway automation, industrial control, & energy conservation & environment protection.
92GF Score

Get the complete analysis for SHSE:600406

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

¥22.04
Price
¥30.04
GF Value