Shanghai AtHub Co (SHSE:603881) Scaled Net Operating Assets: 0.54 (As of Mar. 2026)

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SHSE:603881 Shanghai AtHub Co Ltd SHSE:603881
79 GF Score
Price ¥24.48
GF Value ¥13.37
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Shanghai AtHub Co Scaled Net Operating Assets?

Shanghai AtHub Co SHSE:603881 +1.07% 79 Scaled Net Operating Assets is 0.54 as of Mar. 2026. GuruFocus rates SHSE:603881 with a GF Score™ of 79/100 and a GF Value™ of ¥13.37 (Significantly Overvalued). 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.

Shanghai AtHub Co's operating assets for the quarter that ended in Mar. 2026 was ¥5,109 Mil. Shanghai AtHub Co's operating liabilities for the quarter that ended in Mar. 2026 was ¥879 Mil. Shanghai AtHub Co's Total Assets for the quarter that ended in Dec. 2025 was ¥7,783 Mil. Therefore, Shanghai AtHub Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.54.


Shanghai AtHub Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Shanghai AtHub 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.

Shanghai AtHub Co Scaled Net Operating Assets Chart

Shanghai AtHub 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 0.74 0.75 0.74 0.68 0.51

Shanghai AtHub 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 0.60 0.52 0.45 0.47 0.54

SHSE:603881 vs IBM, ACN, FISV: Scaled Net Operating Assets Comparison

For the Information Technology Services subindustry, Shanghai AtHub 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.


Shanghai AtHub Co Scaled Net Operating Assets vs Software Industry

For the Software industry and Technology sector, Shanghai AtHub Co's Scaled Net Operating Assets distribution charts can be found below:

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


SHSE:603881
79GF Score
Shanghai AtHub Co Ltd SHSE:603881
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Shanghai AtHub 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.

Shanghai AtHub 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 )
=(5409.334-1637.114)/7376.357
=0.51

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=7783.248 - 2373.914
=5409.334

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4459.532 - 1988.073 - 834.345
=1637.114

Shanghai AtHub 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 )
=(5108.907-878.648)/7783.248
=0.54

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=7350.903 - 2241.996
=5108.907

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3982.447 - 1970.892 - 1132.907
=878.648

* 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 0.54 mean?
Shanghai AtHub Co (SHSE:603881) has a Scaled Net Operating Assets of 0.54 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 Shanghai AtHub Co and its competitors.
Is Shanghai AtHub Co's Scaled Net Operating Assets too high?
Shanghai AtHub Co's current Scaled Net Operating Assets is 0.54. Overall, Shanghai AtHub Co has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai AtHub Co's Scaled Net Operating Assets compare to IBM and ACN?
Shanghai AtHub Co's Scaled Net Operating Assets of 0.54 can be compared against companies in the Software 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 Software company?
A good Scaled Net Operating Assets depends on the Software 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 Shanghai AtHub Co and its competitors. Shanghai AtHub Co's current Scaled Net Operating Assets is 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai AtHub Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai AtHub Co (SHSE:603881) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥13.37, compared to a current price of ¥24.48 — trading 83.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.54. Shanghai AtHub Co's overall GF Score™ is 79/100 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 Shanghai AtHub Co (SHSE:603881), the current Scaled Net Operating Assets is 0.54 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 Shanghai AtHub Co (SHSE:603881) Overvalued in 2026?

Based on GuruFocus' analysis, Shanghai AtHub Co stock appears to be overvalued. The current stock price of ¥24.48 is trading 83.1% above its estimated GF Value™ of ¥13.37. GuruFocus considers Shanghai AtHub Co to be Significantly Overvalued.

Key valuation signals for SHSE:603881:

  • Scaled Net Operating Assets: 0.54
  • GF Value™: ¥13.37 vs. price of ¥24.48 (83.1% above fair value)
  • GF Score™: 79/100 with 5 warning signs

No single metric tells the full story. See the SHSE:603881 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shanghai AtHub Co Business Description

Address No. 166, Jiangchang 3rd Road, Jing\'an District, Shanghai, CHN, 200436
Shanghai AtHub Co Ltd is a China based internet infrastructure service provider. It is engaged in the data center customized business. The company offers services like data center planning consulting, customizing data center and operational and management support services.
79GF Score

Get the complete analysis for SHSE:603881

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

¥24.48
Price
¥13.37
GF Value