Jiangsu United Water Technology Co (SHSE:603291) Scaled Net Operating Assets: 0.72 (As of Mar. 2026)

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SHSE:603291 Jiangsu United Water Technology Co Ltd SHSE:603291
63 GF Score
Price ¥7.72
GF Value ¥10.98
Valuation Possible Value Trap
! 8 Warning Signs
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What is Jiangsu United Water Technology Co Scaled Net Operating Assets?

Jiangsu United Water Technology Co SHSE:603291 -3.38% 63 Scaled Net Operating Assets is 0.72 as of Mar. 2026. GuruFocus rates SHSE:603291 with a GF Score™ of 63/100 and a GF Value™ of ¥10.98 (Possible Value Trap). 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.

Jiangsu United Water Technology Co's operating assets for the quarter that ended in Mar. 2026 was ¥3,626 Mil. Jiangsu United Water Technology Co's operating liabilities for the quarter that ended in Mar. 2026 was ¥872 Mil. Jiangsu United Water Technology Co's Total Assets for the quarter that ended in Dec. 2025 was ¥3,800 Mil. Therefore, Jiangsu United Water Technology Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.72.


Jiangsu United Water Technology Co Scaled Net Operating Assets Historical Data

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The historical data trend for Jiangsu United Water 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.

Jiangsu United Water Technology Co Scaled Net Operating Assets Chart

Jiangsu United Water Technology Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.68 0.70 0.68 0.71 0.74

Jiangsu United Water Technology Co Quarterly Data
Dec20 Jun21 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 0.71 0.71 0.71 0.72 0.73

SHSE:603291 vs AWK, WTRG, AWR: Scaled Net Operating Assets Comparison

For the Utilities - Regulated Water subindustry, Jiangsu United Water 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.


Jiangsu United Water Technology Co Scaled Net Operating Assets vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Jiangsu United Water Technology Co's Scaled Net Operating Assets distribution charts can be found below:

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


SHSE:603291
63GF Score
Jiangsu United Water Technology Co Ltd SHSE:603291
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jiangsu United Water 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.

Jiangsu United Water 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 )
=(3669.091-936.558)/3715.236
=0.74

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3799.885 - 130.794
=3669.091

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1937.731 - 533.7 - 467.473
=936.558

Jiangsu United Water 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 )
=(3626.217-871.709)/3799.885
=0.72

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3752.634 - 126.417
=3626.217

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1875.889 - 525.321 - 478.859
=871.709

* 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 0.72 mean?
Jiangsu United Water Technology Co (SHSE:603291) has a Scaled Net Operating Assets of 0.72 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 Jiangsu United Water Technology Co and its competitors.
Is Jiangsu United Water Technology Co's Scaled Net Operating Assets too high?
Jiangsu United Water Technology Co's current Scaled Net Operating Assets is 0.72. Overall, Jiangsu United Water Technology Co has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Jiangsu United Water Technology Co's Scaled Net Operating Assets compare to AWK and WTRG?
Jiangsu United Water Technology Co's Scaled Net Operating Assets of 0.72 can be compared against companies in the Utilities - Regulated 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 Utilities - Regulated company?
A good Scaled Net Operating Assets depends on the Utilities - Regulated 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 Jiangsu United Water Technology Co and its competitors. Jiangsu United Water Technology Co's current Scaled Net Operating Assets is 0.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jiangsu United Water Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Jiangsu United Water Technology Co (SHSE:603291) is currently considered Possible Value Trap. The stock's GF Value™ is ¥10.98, compared to a current price of ¥7.72 — trading 29.7% below its estimated fair value. The current Scaled Net Operating Assets is 0.72. Jiangsu United Water Technology Co's overall GF Score™ is 63/100 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 Jiangsu United Water Technology Co (SHSE:603291), the current Scaled Net Operating Assets is 0.72 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 Jiangsu United Water Technology Co (SHSE:603291) Overvalued in 2026?

Based on GuruFocus' analysis, Jiangsu United Water Technology Co stock appears to be undervalued. The current stock price of ¥7.72 is trading 29.7% below its estimated GF Value™ of ¥10.98. GuruFocus considers Jiangsu United Water Technology Co to be Possible Value Trap.

Key valuation signals for SHSE:603291:

  • Scaled Net Operating Assets: 0.72
  • GF Value™: ¥10.98 vs. price of ¥7.72 (29.7% below fair value)
  • GF Score™: 63/100 with 8 warning signs

No single metric tells the full story. See the SHSE:603291 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jiangsu United Water Technology Co Business Description

Address No. 128, Xingfu North Road, Jiangsu Province, Suqian, CHN, 223800
Jiangsu United Water Technology Co Ltd engages in tap water production and supply, sewage treatment and wastewater resource utilization, and water reuse, as well as municipal engineering business. It also actively expands water environment management businesses, such as river and lake basin water management and water ecological restoration.
63GF Score

Get the complete analysis for SHSE:603291

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

¥7.72
Price
¥10.98
GF Value