Ve Wong (TPE:1203) Scaled Net Operating Assets: 0.53 (As of Dec. 2025)


TPE:1203 Ve Wong Corp TPE:1203
80 GF Score
Price NT$43.15
GF Value NT$36.21
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Ve Wong Scaled Net Operating Assets?

Ve Wong TPE:1203 -0.58% 80 Scaled Net Operating Assets is 0.53 as of Dec. 2025. GuruFocus rates TPE:1203 with a GF Score™ of 80/100 and a GF Value™ of NT$36.21 (Modestly Overvalued). The stock has 2 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.

Ve Wong's operating assets for the quarter that ended in Dec. 2025 was NT$7,512 Mil. Ve Wong's operating liabilities for the quarter that ended in Dec. 2025 was NT$1,979 Mil. Ve Wong's Total Assets for the quarter that ended in Sep. 2025 was NT$10,407 Mil. Therefore, Ve Wong's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.53.


Ve Wong Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Ve Wong'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.

Ve Wong Scaled Net Operating Assets Chart

Ve Wong 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 0.51 0.59 0.56 0.58 0.54

Ve Wong Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.57 0.54 0.50 0.52 0.53

TPE:1203 vs KHC, GIS: Scaled Net Operating Assets Comparison

For the Packaged Foods subindustry, Ve Wong'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.


Ve Wong Scaled Net Operating Assets vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ve Wong's Scaled Net Operating Assets distribution charts can be found below:

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


TPE:1203
80GF Score
Ve Wong Corp TPE:1203
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Ve Wong 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.

Ve Wong'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 )
=(7512.051-1979.459)/10278.895
=0.54

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=10486.198 - 2974.147
=7512.051

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3061.721 - 193.6 - 888.662
=1979.459

Ve Wong's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Sep. 2025 )
=(7512.051-1979.459)/10407.31
=0.53

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=10486.198 - 2974.147
=7512.051

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3061.721 - 193.6 - 888.662
=1979.459

* 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 0.53 mean?
Ve Wong (TPE:1203) has a Scaled Net Operating Assets of 0.53 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Ve Wong and its competitors.
Is Ve Wong's Scaled Net Operating Assets too high?
Ve Wong's current Scaled Net Operating Assets is 0.53. Overall, Ve Wong has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ve Wong's Scaled Net Operating Assets compare to KHC and GIS?
Ve Wong's Scaled Net Operating Assets of 0.53 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Scaled Net Operating Assets depends on the Consumer Packaged Goods 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 Ve Wong and its competitors. Ve Wong's current Scaled Net Operating Assets is 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ve Wong stock overvalued right now?
Based on GuruFocus' analysis, Ve Wong (TPE:1203) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$36.21, compared to a current price of NT$43.15 — trading 19.2% above its estimated fair value. The current Scaled Net Operating Assets is 0.53. Ve Wong's overall GF Score™ is 80/100 with 2 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 Ve Wong (TPE:1203), the current Scaled Net Operating Assets is 0.53 as of Dec. 2025. 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 Ve Wong (TPE:1203) Overvalued in 2026?

Based on GuruFocus' analysis, Ve Wong stock appears to be overvalued. The current stock price of NT$43.15 is trading 19.2% above its estimated GF Value™ of NT$36.21. GuruFocus considers Ve Wong to be Modestly Overvalued.

Key valuation signals for TPE:1203:

  • Scaled Net Operating Assets: 0.53
  • GF Value™: NT$36.21 vs. price of NT$43.15 (19.2% above fair value)
  • GF Score™: 80/100 with 2 warning signs

No single metric tells the full story. See the TPE:1203 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ve Wong Business Description

Address No. 79, Section 2, Zhongshan North Road, 6th Floor, Taipei, TWN
Ve Wong Corp manufactures and distributes food products. The company is engaged in the production and sales of monosodium glutamate, soy sauce, instant noodles, canned food, and beverages, as well as residential and building development, leasing and sales, industrial plant development, leasing and sales, investment and construction of public construction, and import of foreign tobacco, alcohol, and beverages. The operating segments of the company are; the Condiment business, Fast food business, and others. The majority of its revenue is generated from the Condiment business.
80GF Score

Get the complete analysis for TPE:1203

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

NT$43.15
Price
NT$36.21
GF Value