Arctech Solar Holding Co (SHSE:688408) Scaled Net Operating Assets: 0.36 (As of Mar. 2026)

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SHSE:688408 Arctech Solar Holding Co Ltd SHSE:688408
75 GF Score
Price ¥24.44
GF Value ¥49.46
Valuation Possible Value Trap
! 9 Warning Signs
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What is Arctech Solar Holding Co Scaled Net Operating Assets?

Arctech Solar Holding Co SHSE:688408 -1.05% 75 Scaled Net Operating Assets is 0.36 as of Mar. 2026. GuruFocus rates SHSE:688408 with a GF Score™ of 75/100 and a GF Value™ of ¥49.46 (Possible Value Trap). The stock has 9 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.

Arctech Solar Holding Co's operating assets for the quarter that ended in Mar. 2026 was ¥8,279 Mil. Arctech Solar Holding Co's operating liabilities for the quarter that ended in Mar. 2026 was ¥4,586 Mil. Arctech Solar Holding Co's Total Assets for the quarter that ended in Dec. 2025 was ¥10,287 Mil. Therefore, Arctech Solar Holding Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.36.


Arctech Solar Holding Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Arctech Solar Holding 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.

Arctech Solar Holding Co Scaled Net Operating Assets Chart

Arctech Solar Holding 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 0.13 0.23 0.20 0.26 0.33

Arctech Solar Holding 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 0.29 0.35 0.33 0.33 0.36

SHSE:688408 vs FSLR, NXT, ENPH: Scaled Net Operating Assets Comparison

For the Solar subindustry, Arctech Solar Holding 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.


Arctech Solar Holding Co Scaled Net Operating Assets vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Arctech Solar Holding Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Arctech Solar Holding Co's Scaled Net Operating Assets falls into.


SHSE:688408
75GF Score
Arctech Solar Holding Co Ltd SHSE:688408
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Arctech Solar Holding 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.

Arctech Solar Holding 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 )
=(7463.298-4201.646)/9923.227
=0.33

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=10287.318 - 2824.02
=7463.298

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6163.128 - 721.167 - 1240.315
=4201.646

Arctech Solar Holding 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 )
=(8279.428-4585.85)/10287.318
=0.36

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=10960.29 - 2680.862
=8279.428

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6883.538 - 853.072 - 1444.616
=4585.85

* 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 0.36 mean?
Arctech Solar Holding Co (SHSE:688408) has a Scaled Net Operating Assets of 0.36 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 Arctech Solar Holding Co and its competitors.
Is Arctech Solar Holding Co's Scaled Net Operating Assets too high?
Arctech Solar Holding Co's current Scaled Net Operating Assets is 0.36. Overall, Arctech Solar Holding Co has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Arctech Solar Holding Co's Scaled Net Operating Assets compare to FSLR and NXT?
Arctech Solar Holding Co's Scaled Net Operating Assets of 0.36 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 Arctech Solar Holding Co and its competitors. Arctech Solar Holding Co's current Scaled Net Operating Assets is 0.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arctech Solar Holding Co stock overvalued right now?
Based on GuruFocus' analysis, Arctech Solar Holding Co (SHSE:688408) is currently considered Possible Value Trap. The stock's GF Value™ is ¥49.46, compared to a current price of ¥24.44 — trading 50.6% below its estimated fair value. The current Scaled Net Operating Assets is 0.36. Arctech Solar Holding Co's overall GF Score™ is 75/100 with 9 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 Arctech Solar Holding Co (SHSE:688408), the current Scaled Net Operating Assets is 0.36 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 Arctech Solar Holding Co (SHSE:688408) Overvalued in 2026?

Based on GuruFocus' analysis, Arctech Solar Holding Co stock appears to be undervalued. The current stock price of ¥24.44 is trading 50.6% below its estimated GF Value™ of ¥49.46. GuruFocus considers Arctech Solar Holding Co to be Possible Value Trap.

Key valuation signals for SHSE:688408:

  • Scaled Net Operating Assets: 0.36
  • GF Value™: ¥49.46 vs. price of ¥24.44 (50.6% below fair value)
  • GF Score™: 75/100 with 9 warning signs

No single metric tells the full story. See the SHSE:688408 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Arctech Solar Holding Co Business Description

Address 2388 Huangpujiang Middle Road, Lujia Town, Jiangsu Province, Kunshan, CHN, 215331
Arctech Solar Holding Co Ltd is engaged in design, production and sales of photovoltaic brackets. The company manufacturers and provides solutions for solar tracking and racking systems for utilities, commercial, industrial and residential projects. Its products under Tracker include Skyline Tracking System; SkySmart Tracking System; Arctracker Pro with tilted modules; Tilt single axis tracker; and products under Mounting structure include Seasonal Tilt; Dual Pole Solutions; and Single Pole Solutions.
75GF Score

Get the complete analysis for SHSE:688408

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

¥24.44
Price
¥49.46
GF Value