China Telecom (STU:ZCH) Scaled Net Operating Assets: 0.49 (As of Mar. 2026)


STU:ZCH China Telecom Corp Ltd STU:ZCH
84 GF Score
Price €0.57
GF Value €0.61
! 7 Warning Signs
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What is China Telecom Scaled Net Operating Assets?

China Telecom STU:ZCH 84 Scaled Net Operating Assets is 0.49 as of Mar. 2026. GuruFocus rates STU:ZCH with a GF Score™ of 84/100 and a GF Value™ of €0.61. The stock has 7 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.

China Telecom's operating assets for the quarter that ended in Mar. 2026 was €96,204 Mil. China Telecom's operating liabilities for the quarter that ended in Mar. 2026 was €44,887 Mil. China Telecom's Total Assets for the quarter that ended in Dec. 2025 was €105,567 Mil. Therefore, China Telecom's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.49.


China Telecom Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for China Telecom'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.

China Telecom Scaled Net Operating Assets Chart

China Telecom 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 0.64 0.56 0.49 0.51 0.43

China Telecom 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 0.49 0.46 0.46 0.47 0.49

STU:ZCH vs TMUS, VZ, T: Scaled Net Operating Assets Comparison

For the Telecom Services subindustry, China Telecom'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.


China Telecom Scaled Net Operating Assets vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, China Telecom's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where China Telecom's Scaled Net Operating Assets falls into.


STU:ZCH
84GF Score
China Telecom Corp Ltd STU:ZCH
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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China Telecom 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.

China Telecom'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 )
=(92045.563-42810.461)/113674.08
=0.43

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=105567.068 - 13521.505
=92045.563

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=48789.746 - 3778.203 - 2201.082
=42810.461

China Telecom'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 )
=(96204.25-44886.975)/105567.068
=0.49

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=110329.701 - 14125.451
=96204.25

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=50604.401 - 3309.97 - 2407.456
=44886.975

* 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 0.49 mean?
China Telecom (STU:ZCH) has a Scaled Net Operating Assets of 0.49 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 China Telecom and its competitors.
Is China Telecom's Scaled Net Operating Assets too high?
China Telecom's current Scaled Net Operating Assets is 0.49. Overall, China Telecom has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does China Telecom's Scaled Net Operating Assets compare to TMUS and VZ?
China Telecom's Scaled Net Operating Assets of 0.49 can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?
A good Scaled Net Operating Assets depends on the Telecommunication Services 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 China Telecom and its competitors. China Telecom's current Scaled Net Operating Assets is 0.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Telecom stock overvalued right now?
China Telecom (STU:ZCH) has a current Scaled Net Operating Assets of 0.49. The stock's GF Value™ is €0.61, compared to a current price of €0.57 — trading 7.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.49. China Telecom's overall GF Score™ is 84/100 with 7 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 China Telecom (STU:ZCH), the current Scaled Net Operating Assets is 0.49 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 China Telecom (STU:ZCH) Overvalued in 2026?

Based on GuruFocus' analysis, China Telecom stock appears to be undervalued. The current stock price of €0.57 is trading 7.4% below its estimated GF Value™ of €0.61.

Key valuation signals for STU:ZCH:

  • Scaled Net Operating Assets: 0.49
  • GF Value™: €0.61 vs. price of €0.57 (7.4% below fair value)
  • GF Score™: 84/100 with 7 warning signs

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


China Telecom Business Description

Other Exchanges 00728:Hong Kong601728:China
Address 31 Jinrong Street, Xicheng District, Beijing, CHN, 100033
China Telecom is the largest fixed-line operator in China, originally covering 21 southern provinces but now operating nationally. It has 201 million broadband customers, and 439 million wireless subscribers, having overtaken China Unicom to become the second-largest wireless operator in China behind China Mobile. The firm is increasing its cross-selling of products and seeing strong growth from industrial digitization services, such as internet data centers and cloud computing. Its internet data center business is already the largest in China and it is expanding overseas.
84GF Score

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

€0.57
Price
€0.61
GF Value