SBT Ultrasonic Technology Co (SHSE:688392) Scaled Net Operating Assets: 0.45 (As of Mar. 2026)


SHSE:688392 SBT Ultrasonic Technology Co Ltd SHSE:688392
51 GF Score
Price ¥203.89
GF Value ¥99.14
Valuation Significantly Overvalued
! 8 Warning Signs
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What is SBT Ultrasonic Technology Co Scaled Net Operating Assets?

SBT Ultrasonic Technology Co SHSE:688392 -15.68% 51 Scaled Net Operating Assets is 0.45 as of Mar. 2026. GuruFocus rates SHSE:688392 with a GF Score™ of 51/100 and a GF Value™ of ¥99.14 (Significantly Overvalued). 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.

SBT Ultrasonic Technology Co's operating assets for the quarter that ended in Mar. 2026 was ¥1,508.7 Mil. SBT Ultrasonic Technology Co's operating liabilities for the quarter that ended in Mar. 2026 was ¥437.4 Mil. SBT Ultrasonic Technology Co's Total Assets for the quarter that ended in Dec. 2025 was ¥2,373.3 Mil. Therefore, SBT Ultrasonic Technology Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.45.


SBT Ultrasonic Technology Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for SBT Ultrasonic 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.

SBT Ultrasonic Technology Co Scaled Net Operating Assets Chart

SBT Ultrasonic Technology Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.79 0.61 0.22 0.34 0.45

SBT Ultrasonic Technology 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 0.37 0.39 0.40 0.41 0.45

SHSE:688392 vs GEV, ETN, PH: Scaled Net Operating Assets Comparison

For the Specialty Industrial Machinery subindustry, SBT Ultrasonic 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.


SBT Ultrasonic Technology Co Scaled Net Operating Assets vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, SBT Ultrasonic Technology Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where SBT Ultrasonic Technology Co's Scaled Net Operating Assets falls into.


SHSE:688392
51GF Score
SBT Ultrasonic Technology Co Ltd SHSE:688392
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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SBT Ultrasonic 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.

SBT Ultrasonic 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 )
=(1324.097-379.205)/2125.272
=0.44

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2373.258 - 1049.161
=1324.097

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=573.3 - 0.175 - 193.92
=379.205

SBT Ultrasonic 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 )
=(1508.689-437.449)/2373.258
=0.45

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2541.826 - 1033.137
=1508.689

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=689.134 - 0.132 - 251.553
=437.449

* 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 0.45 mean?
SBT Ultrasonic Technology Co (SHSE:688392) has a Scaled Net Operating Assets of 0.45 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 SBT Ultrasonic Technology Co and its competitors.
Is SBT Ultrasonic Technology Co's Scaled Net Operating Assets too high?
SBT Ultrasonic Technology Co's current Scaled Net Operating Assets is 0.45. Overall, SBT Ultrasonic Technology Co has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SBT Ultrasonic Technology Co's Scaled Net Operating Assets compare to GEV and ETN?
SBT Ultrasonic Technology Co's Scaled Net Operating Assets of 0.45 can be compared against companies in the Industrial Products 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 Industrial Products company?
A good Scaled Net Operating Assets depends on the Industrial Products 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 SBT Ultrasonic Technology Co and its competitors. SBT Ultrasonic Technology Co's current Scaled Net Operating Assets is 0.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SBT Ultrasonic Technology Co stock overvalued right now?
Based on GuruFocus' analysis, SBT Ultrasonic Technology Co (SHSE:688392) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥99.14, compared to a current price of ¥203.89 — trading 105.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.45. SBT Ultrasonic Technology Co's overall GF Score™ is 51/100 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 SBT Ultrasonic Technology Co (SHSE:688392), the current Scaled Net Operating Assets is 0.45 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 SBT Ultrasonic Technology Co (SHSE:688392) Overvalued in 2026?

Based on GuruFocus' analysis, SBT Ultrasonic Technology Co stock appears to be overvalued. The current stock price of ¥203.89 is trading 105.7% above its estimated GF Value™ of ¥99.14. GuruFocus considers SBT Ultrasonic Technology Co to be Significantly Overvalued.

Key valuation signals for SHSE:688392:

  • Scaled Net Operating Assets: 0.45
  • GF Value™: ¥99.14 vs. price of ¥203.89 (105.7% above fair value)
  • GF Score™: 51/100 with 8 warning signs

No single metric tells the full story. See the SHSE:688392 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SBT Ultrasonic Technology Co Business Description

Address No. 1488, Cangyuan Road, 3rd Floor, Building 2, Minhang District, Shanghai, CHN, 200240
SBT Ultrasonic Technology Co Ltd is engaged in the research and development, design, manufacture, sales, and after-sales service of ultrasonic welding, cutting system application products, online testing, and automation products. The company's equipment is widely used in lithium batteries, wiring harnesses, 3C, semiconductor IGBT power modules, rubber tires, food, pharmaceutical, plastic packaging, and other fields.
51GF Score

Get the complete analysis for SHSE:688392

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

¥203.89
Price
¥99.14
GF Value