Bio-Thera Solutions (SHSE:688177) Scaled Net Operating Assets: 0.33 (As of Mar. 2026)

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SHSE:688177 Bio-Thera Solutions Ltd SHSE:688177
57 GF Score
Price ¥16.58
GF Value ¥33.46
Valuation Possible Value Trap
! 5 Warning Signs
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What is Bio-Thera Solutions Scaled Net Operating Assets?

Bio-Thera Solutions SHSE:688177 -3.38% 57 Scaled Net Operating Assets is 0.33 as of Mar. 2026. GuruFocus rates SHSE:688177 with a GF Score™ of 57/100 and a GF Value™ of ¥33.46 (Possible Value Trap). 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.

Bio-Thera Solutions's operating assets for the quarter that ended in Mar. 2026 was ¥2,137.3 Mil. Bio-Thera Solutions's operating liabilities for the quarter that ended in Mar. 2026 was ¥1,379.6 Mil. Bio-Thera Solutions's Total Assets for the quarter that ended in Dec. 2025 was ¥2,287.3 Mil. Therefore, Bio-Thera Solutions's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.33.


Bio-Thera Solutions Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Bio-Thera Solutions'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.

Bio-Thera Solutions Scaled Net Operating Assets Chart

Bio-Thera Solutions 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 0.28 0.31 0.55 0.42 0.38

Bio-Thera Solutions 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 0.37 0.38 0.39 0.38 0.33

SHSE:688177 vs VRTX, REGN, ALNY: Scaled Net Operating Assets Comparison

For the Biotechnology subindustry, Bio-Thera Solutions'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.


Bio-Thera Solutions Scaled Net Operating Assets vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Bio-Thera Solutions's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Bio-Thera Solutions's Scaled Net Operating Assets falls into.


SHSE:688177
57GF Score
Bio-Thera Solutions Ltd SHSE:688177
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Bio-Thera Solutions 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.

Bio-Thera Solutions'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 )
=(2068.714-1225.252)/2205.538
=0.38

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2287.322 - 218.608
=2068.714

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1911.291 - 374.214 - 311.825
=1225.252

Bio-Thera Solutions'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 )
=(2137.309-1379.616)/2287.322
=0.33

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2385.105 - 247.796
=2137.309

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2160.982 - 484.561 - 296.805
=1379.616

* 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 0.33 mean?
Bio-Thera Solutions (SHSE:688177) has a Scaled Net Operating Assets of 0.33 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 Bio-Thera Solutions and its competitors.
Is Bio-Thera Solutions' Scaled Net Operating Assets too high?
Bio-Thera Solutions' current Scaled Net Operating Assets is 0.33. Overall, Bio-Thera Solutions has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bio-Thera Solutions' Scaled Net Operating Assets compare to VRTX and REGN?
Bio-Thera Solutions' Scaled Net Operating Assets of 0.33 can be compared against companies in the Biotechnology 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 Biotechnology company?
A good Scaled Net Operating Assets depends on the Biotechnology 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 Bio-Thera Solutions and its competitors. Bio-Thera Solutions's current Scaled Net Operating Assets is 0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bio-Thera Solutions stock overvalued right now?
Based on GuruFocus' analysis, Bio-Thera Solutions (SHSE:688177) is currently considered Possible Value Trap. The stock's GF Value™ is ¥33.46, compared to a current price of ¥16.58 — trading 50.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.33. Bio-Thera Solutions' overall GF Score™ is 57/100 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 Bio-Thera Solutions (SHSE:688177), the current Scaled Net Operating Assets is 0.33 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 Bio-Thera Solutions (SHSE:688177) Overvalued in 2026?

Based on GuruFocus' analysis, Bio-Thera Solutions stock appears to be undervalued. The current stock price of ¥16.58 is trading 50.4% below its estimated GF Value™ of ¥33.46. GuruFocus considers Bio-Thera Solutions to be Possible Value Trap.

Key valuation signals for SHSE:688177:

  • Scaled Net Operating Assets: 0.33
  • GF Value™: ¥33.46 vs. price of ¥16.58 (50.4% below fair value)
  • GF Score™: 57/100 with 5 warning signs

No single metric tells the full story. See the SHSE:688177 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bio-Thera Solutions Business Description

Address 5th Floor, Building A6, 11 Kaiyuan Avenue, Guangzhou High-tech Industrial Development Zone, Science City, Guangdong Province, Guangzhou, CHN, 510530
Bio-Thera Solutions Ltd is engaged in research, development, and production of drugs and biosimilars. The company provides drug research and development; biotechnology consulting and communication services; services; medical research and experimental development; biological drug manufacturing; and pharmaceuticals retail.
57GF Score

Get the complete analysis for SHSE:688177

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

¥16.58
Price
¥33.46
GF Value