Wave Cyber (Shanghai) Co (SHSE:688718) Scaled Net Operating Assets: 0.82 (As of Mar. 2026)

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SHSE:688718 Wave Cyber (Shanghai) Co Ltd SHSE:688718
83 GF Score
Price ¥11.33
GF Value ¥15.03
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Wave Cyber (Shanghai) Co Scaled Net Operating Assets?

Wave Cyber (Shanghai) Co SHSE:688718 -9.14% 83 Scaled Net Operating Assets is 0.82 as of Mar. 2026. GuruFocus rates SHSE:688718 with a GF Score™ of 83/100 and a GF Value™ of ¥15.03 (Modestly Undervalued). The stock has 3 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.

Wave Cyber (Shanghai) Co's operating assets for the quarter that ended in Mar. 2026 was ¥819.7 Mil. Wave Cyber (Shanghai) Co's operating liabilities for the quarter that ended in Mar. 2026 was ¥90.3 Mil. Wave Cyber (Shanghai) Co's Total Assets for the quarter that ended in Dec. 2025 was ¥887.8 Mil. Therefore, Wave Cyber (Shanghai) Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.82.


Wave Cyber (Shanghai) Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Wave Cyber (Shanghai) 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.

Wave Cyber (Shanghai) Co Scaled Net Operating Assets Chart

Wave Cyber (Shanghai) Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only 1.00 0.79 0.81 0.82 0.79

Wave Cyber (Shanghai) 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 0.80 0.77 0.73 0.79 0.82

SHSE:688718 vs WM, RSG, WCN: Scaled Net Operating Assets Comparison

For the Waste Management subindustry, Wave Cyber (Shanghai) 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.


Wave Cyber (Shanghai) Co Scaled Net Operating Assets vs Waste Management Industry

For the Waste Management industry and Industrials sector, Wave Cyber (Shanghai) Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Wave Cyber (Shanghai) Co's Scaled Net Operating Assets falls into.


SHSE:688718
83GF Score
Wave Cyber (Shanghai) Co Ltd SHSE:688718
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Wave Cyber (Shanghai) 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.

Wave Cyber (Shanghai) 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 )
=(811.179-88.757)/911.461
=0.79

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=887.795 - 76.616
=811.179

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=88.905 - 0 - 0.148
=88.757

Wave Cyber (Shanghai) 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 )
=(819.726-90.307)/887.795
=0.82

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=899.354 - 79.628
=819.726

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=91.434 - 1.117 - 0.01
=90.307

* 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 0.82 mean?
Wave Cyber (Shanghai) Co (SHSE:688718) has a Scaled Net Operating Assets of 0.82 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 Wave Cyber (Shanghai) Co and its competitors.
Is Wave Cyber (Shanghai) Co's Scaled Net Operating Assets too high?
Wave Cyber (Shanghai) Co's current Scaled Net Operating Assets is 0.82. Overall, Wave Cyber (Shanghai) Co has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Wave Cyber (Shanghai) Co's Scaled Net Operating Assets compare to WM and RSG?
Wave Cyber (Shanghai) Co's Scaled Net Operating Assets of 0.82 can be compared against companies in the Waste Management 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 Waste Management company?
A good Scaled Net Operating Assets depends on the Waste Management 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 Wave Cyber (Shanghai) Co and its competitors. Wave Cyber (Shanghai) Co's current Scaled Net Operating Assets is 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wave Cyber (Shanghai) Co stock overvalued right now?
Based on GuruFocus' analysis, Wave Cyber (Shanghai) Co (SHSE:688718) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥15.03, compared to a current price of ¥11.33 — trading 24.6% below its estimated fair value. The current Scaled Net Operating Assets is 0.82. Wave Cyber (Shanghai) Co's overall GF Score™ is 83/100 with 3 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 Wave Cyber (Shanghai) Co (SHSE:688718), the current Scaled Net Operating Assets is 0.82 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 Wave Cyber (Shanghai) Co (SHSE:688718) Overvalued in 2026?

Based on GuruFocus' analysis, Wave Cyber (Shanghai) Co stock appears to be undervalued. The current stock price of ¥11.33 is trading 24.6% below its estimated GF Value™ of ¥15.03. GuruFocus considers Wave Cyber (Shanghai) Co to be Modestly Undervalued.

Key valuation signals for SHSE:688718:

  • Scaled Net Operating Assets: 0.82
  • GF Value™: ¥15.03 vs. price of ¥11.33 (24.6% below fair value)
  • GF Score™: 83/100 with 3 warning signs

No single metric tells the full story. See the SHSE:688718 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Wave Cyber (Shanghai) Co Business Description

Address 899 Songying Road, Qingpu District, Shanghai, CHN, 201703
Wave Cyber (Shanghai) Co Ltd is a manufacturer of components for the residential, commercial, industrial and municipal water treatment industries. The products include full lines of fiberglass pressure tanks, brine tanks/cabinets, membrane pressure vessels and others.
83GF Score

Get the complete analysis for SHSE:688718

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

¥11.33
Price
¥15.03
GF Value