Forehope Electronic (Ningbo) Co (SHSE:688362) Scaled Net Operating Assets: 0.73 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:688362 Forehope Electronic (Ningbo) Co Ltd SHSE:688362
73 GF Score
Price ¥72.81
GF Value ¥46.62
Valuation Significantly Overvalued
! 12 Warning Signs
View Full Analysis

What is Forehope Electronic (Ningbo) Co Scaled Net Operating Assets?

Forehope Electronic (Ningbo) Co SHSE:688362 -7.84% 73 Scaled Net Operating Assets is 0.73 as of Mar. 2026. GuruFocus rates SHSE:688362 with a GF Score™ of 73/100 and a GF Value™ of ¥46.62 (Significantly Overvalued). The stock has 12 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.

Forehope Electronic (Ningbo) Co's operating assets for the quarter that ended in Mar. 2026 was ¥13,740 Mil. Forehope Electronic (Ningbo) Co's operating liabilities for the quarter that ended in Mar. 2026 was ¥2,662 Mil. Forehope Electronic (Ningbo) Co's Total Assets for the quarter that ended in Dec. 2025 was ¥15,191 Mil. Therefore, Forehope Electronic (Ningbo) Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.73.


Forehope Electronic (Ningbo) Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Forehope Electronic (Ningbo) 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.

Forehope Electronic (Ningbo) Co Scaled Net Operating Assets Chart

Forehope Electronic (Ningbo) Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 1.23 1.31 0.99 0.75 0.78

Forehope Electronic (Ningbo) 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 0.70 0.71 0.71 0.69 0.73

SHSE:688362 vs NVDA, AVGO, MU: Scaled Net Operating Assets Comparison

For the Semiconductors subindustry, Forehope Electronic (Ningbo) 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.


Forehope Electronic (Ningbo) Co Scaled Net Operating Assets vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Forehope Electronic (Ningbo) Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Forehope Electronic (Ningbo) Co's Scaled Net Operating Assets falls into.


SHSE:688362
73GF Score
Forehope Electronic (Ningbo) Co Ltd SHSE:688362
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Forehope Electronic (Ningbo) 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.

Forehope Electronic (Ningbo) 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 )
=(13397.302-2757.992)/13655.477
=0.78

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=15190.677 - 1793.375
=13397.302

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=11096.563 - 5698.515 - 2640.056
=2757.992

Forehope Electronic (Ningbo) 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 )
=(13740.369-2662.133)/15190.677
=0.73

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=15871.643 - 2131.274
=13740.369

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=11750.162 - 6289.391 - 2798.638
=2662.133

* 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 0.73 mean?
Forehope Electronic (Ningbo) Co (SHSE:688362) has a Scaled Net Operating Assets of 0.73 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 Forehope Electronic (Ningbo) Co and its competitors.
Is Forehope Electronic (Ningbo) Co's Scaled Net Operating Assets too high?
Forehope Electronic (Ningbo) Co's current Scaled Net Operating Assets is 0.73. Overall, Forehope Electronic (Ningbo) Co has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Forehope Electronic (Ningbo) Co's Scaled Net Operating Assets compare to NVDA and AVGO?
Forehope Electronic (Ningbo) Co's Scaled Net Operating Assets of 0.73 can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Scaled Net Operating Assets depends on the Semiconductors 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 Forehope Electronic (Ningbo) Co and its competitors. Forehope Electronic (Ningbo) Co's current Scaled Net Operating Assets is 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forehope Electronic (Ningbo) Co stock overvalued right now?
Based on GuruFocus' analysis, Forehope Electronic (Ningbo) Co (SHSE:688362) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥46.62, compared to a current price of ¥72.81 — trading 56.2% above its estimated fair value. The current Scaled Net Operating Assets is 0.73. Forehope Electronic (Ningbo) Co's overall GF Score™ is 73/100 with 12 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 Forehope Electronic (Ningbo) Co (SHSE:688362), the current Scaled Net Operating Assets is 0.73 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 Forehope Electronic (Ningbo) Co (SHSE:688362) Overvalued in 2026?

Based on GuruFocus' analysis, Forehope Electronic (Ningbo) Co stock appears to be overvalued. The current stock price of ¥72.81 is trading 56.2% above its estimated GF Value™ of ¥46.62. GuruFocus considers Forehope Electronic (Ningbo) Co to be Significantly Overvalued.

Key valuation signals for SHSE:688362:

  • Scaled Net Operating Assets: 0.73
  • GF Value™: ¥46.62 vs. price of ¥72.81 (56.2% above fair value)
  • GF Score™: 73/100 with 12 warning signs

No single metric tells the full story. See the SHSE:688362 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Forehope Electronic (Ningbo) Co Business Description

Address No. 22, Xingshun Road, Zhongyi Ningbo Ecological Park, Zhejiang Province, Yuyao, CHN, 315400
Forehope Electronic (Ningbo) Co Ltd is engaged in the packaging and testing of integrated circuits.
73GF Score

Get the complete analysis for SHSE:688362

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

¥72.81
Price
¥46.62
GF Value