Tianjin You Fa Steel Pipe Group Stock Co (SHSE:601686) Scaled Net Operating Assets: 0.10 (As of Mar. 2026)

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SHSE:601686 Tianjin You Fa Steel Pipe Group Stock Co Ltd SHSE:601686
65 GF Score
Price ¥5.08
GF Value ¥5.46
Valuation Fairly Valued
! 5 Warning Signs
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What is Tianjin You Fa Steel Pipe Group Stock Co Scaled Net Operating Assets?

Tianjin You Fa Steel Pipe Group Stock Co SHSE:601686 +0.99% 65 Scaled Net Operating Assets is 0.10 as of Mar. 2026. GuruFocus rates SHSE:601686 with a GF Score™ of 65/100 and a GF Value™ of ¥5.46 (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.

Tianjin You Fa Steel Pipe Group Stock Co's operating assets for the quarter that ended in Mar. 2026 was ¥14,487 Mil. Tianjin You Fa Steel Pipe Group Stock Co's operating liabilities for the quarter that ended in Mar. 2026 was ¥11,939 Mil. Tianjin You Fa Steel Pipe Group Stock Co's Total Assets for the quarter that ended in Dec. 2025 was ¥24,498 Mil. Therefore, Tianjin You Fa Steel Pipe Group Stock Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.10.


Tianjin You Fa Steel Pipe Group Stock Co Scaled Net Operating Assets Historical Data

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The historical data trend for Tianjin You Fa Steel Pipe Group Stock 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.

Tianjin You Fa Steel Pipe Group Stock Co Scaled Net Operating Assets Chart

Tianjin You Fa Steel Pipe Group Stock 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 0.53 0.54 0.47 -0.08 -0.01

Tianjin You Fa Steel Pipe Group Stock 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 -0.02 -0.04 -0.04 -0.01 0.10

SHSE:601686 vs NUE, STLD, RS: Scaled Net Operating Assets Comparison

For the Steel subindustry, Tianjin You Fa Steel Pipe Group Stock 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.


Tianjin You Fa Steel Pipe Group Stock Co Scaled Net Operating Assets vs Steel Industry

For the Steel industry and Basic Materials sector, Tianjin You Fa Steel Pipe Group Stock Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Tianjin You Fa Steel Pipe Group Stock Co's Scaled Net Operating Assets falls into.


SHSE:601686
65GF Score
Tianjin You Fa Steel Pipe Group Stock Co Ltd SHSE:601686
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Tianjin You Fa Steel Pipe Group Stock 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.

Tianjin You Fa Steel Pipe Group Stock 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 )
=(13827.191-14048.488)/26001.74
=-0.01

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=24498.064 - 10670.873
=13827.191

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=17006.643 - 2259.995 - 698.16
=14048.488

Tianjin You Fa Steel Pipe Group Stock 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 )
=(14486.638-11939.451)/24498.064
=0.10

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=22932.029 - 8445.391
=14486.638

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=15261.077 - 2276.552 - 1045.074
=11939.451

* 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 0.10 mean?
Tianjin You Fa Steel Pipe Group Stock Co (SHSE:601686) has a Scaled Net Operating Assets of 0.10 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 Tianjin You Fa Steel Pipe Group Stock Co and its competitors.
Is Tianjin You Fa Steel Pipe Group Stock Co's Scaled Net Operating Assets too high?
Tianjin You Fa Steel Pipe Group Stock Co's current Scaled Net Operating Assets is 0.10. Overall, Tianjin You Fa Steel Pipe Group Stock Co has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tianjin You Fa Steel Pipe Group Stock Co's Scaled Net Operating Assets compare to NUE and STLD?
Tianjin You Fa Steel Pipe Group Stock Co's Scaled Net Operating Assets of 0.10 can be compared against companies in the Steel 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 Steel company?
A good Scaled Net Operating Assets depends on the Steel 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 Tianjin You Fa Steel Pipe Group Stock Co and its competitors. Tianjin You Fa Steel Pipe Group Stock Co's current Scaled Net Operating Assets is 0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tianjin You Fa Steel Pipe Group Stock Co stock overvalued right now?
Based on GuruFocus' analysis, Tianjin You Fa Steel Pipe Group Stock Co (SHSE:601686) is currently considered Fairly Valued. The stock's GF Value™ is ¥5.46, compared to a current price of ¥5.08 — trading 7% below its estimated fair value. The current Scaled Net Operating Assets is 0.10. Tianjin You Fa Steel Pipe Group Stock Co's overall GF Score™ is 65/100 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 Tianjin You Fa Steel Pipe Group Stock Co (SHSE:601686), the current Scaled Net Operating Assets is 0.10 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 Tianjin You Fa Steel Pipe Group Stock Co (SHSE:601686) Overvalued in 2026?

Based on GuruFocus' analysis, Tianjin You Fa Steel Pipe Group Stock Co stock appears to be undervalued. The current stock price of ¥5.08 is trading 7% below its estimated GF Value™ of ¥5.46. GuruFocus considers Tianjin You Fa Steel Pipe Group Stock Co to be Fairly Valued.

Key valuation signals for SHSE:601686:

  • Scaled Net Operating Assets: 0.10
  • GF Value™: ¥5.46 vs. price of ¥5.08 (7% below fair value)
  • GF Score™: 65/100 with 5 warning signs

No single metric tells the full story. See the SHSE:601686 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tianjin You Fa Steel Pipe Group Stock Co Business Description

Address Ten Billion Yuan Industrial Zone, Daqiuzhuang Town, Jinghai District, Tianjin, CHN, 301606
Tianjin You Fa Steel Pipe Group Stock Co Ltd formerly Tianjin Youfa Steel Pipe Group Co Ltd is primarily involved in the development, production and sales of welded steel pipes. It offers welded pipes, hot-dip galvanized steel pipes, steel-plastic composite pipes, stainless steel composite pipes, spiral steel pipes and others.
65GF Score

Get the complete analysis for SHSE:601686

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

¥5.08
Price
¥5.46
GF Value