Ten Ren Tea Co (TPE:1233) Scaled Net Operating Assets: 0.77 (As of Dec. 2025)


TPE:1233 Ten Ren Tea Co Ltd TPE:1233
72 GF Score
Price NT$28.20
GF Value NT$34.52
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Ten Ren Tea Co Scaled Net Operating Assets?

Ten Ren Tea Co TPE:1233 -0.53% 72 Scaled Net Operating Assets is 0.77 as of Dec. 2025. GuruFocus rates TPE:1233 with a GF Score™ of 72/100 and a GF Value™ of NT$34.52 (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.

Ten Ren Tea Co's operating assets for the quarter that ended in Dec. 2025 was NT$2,027 Mil. Ten Ren Tea Co's operating liabilities for the quarter that ended in Dec. 2025 was NT$342 Mil. Ten Ren Tea Co's Total Assets for the quarter that ended in Sep. 2025 was NT$2,193 Mil. Therefore, Ten Ren Tea Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.77.


Ten Ren Tea Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Ten Ren Tea 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.

Ten Ren Tea Co Scaled Net Operating Assets Chart

Ten Ren Tea 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 0.73 0.80 0.78 0.77 0.72

Ten Ren Tea Co 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 0.81 0.72 0.72 0.77 0.77

TPE:1233 vs KHC, GIS: Scaled Net Operating Assets Comparison

For the Packaged Foods subindustry, Ten Ren Tea 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.


Ten Ren Tea Co Scaled Net Operating Assets vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ten Ren Tea Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Ten Ren Tea Co's Scaled Net Operating Assets falls into.


TPE:1233
72GF Score
Ten Ren Tea Co Ltd TPE:1233
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Ten Ren Tea 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.

Ten Ren Tea 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 )
=(2027.288-342.441)/2358.046
=0.71

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2200.692 - 173.404
=2027.288

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=843.199 - 171.758 - 329
=342.441

Ten Ren Tea Co'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 )
=(2027.288-342.441)/2193.42
=0.77

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2200.692 - 173.404
=2027.288

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=843.199 - 171.758 - 329
=342.441

* 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 0.77 mean?
Ten Ren Tea Co (TPE:1233) has a Scaled Net Operating Assets of 0.77 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 Ten Ren Tea Co and its competitors.
Is Ten Ren Tea Co's Scaled Net Operating Assets too high?
Ten Ren Tea Co's current Scaled Net Operating Assets is 0.77. Overall, Ten Ren Tea Co has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ten Ren Tea Co's Scaled Net Operating Assets compare to KHC and GIS?
Ten Ren Tea Co's Scaled Net Operating Assets of 0.77 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 Ten Ren Tea Co and its competitors. Ten Ren Tea Co's current Scaled Net Operating Assets is 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ten Ren Tea Co stock overvalued right now?
Based on GuruFocus' analysis, Ten Ren Tea Co (TPE:1233) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$34.52, compared to a current price of NT$28.20 — trading 18.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.77. Ten Ren Tea Co's overall GF Score™ is 72/100 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 Ten Ren Tea Co (TPE:1233), the current Scaled Net Operating Assets is 0.77 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 Ten Ren Tea Co (TPE:1233) Overvalued in 2026?

Based on GuruFocus' analysis, Ten Ren Tea Co stock appears to be undervalued. The current stock price of NT$28.20 is trading 18.3% below its estimated GF Value™ of NT$34.52. GuruFocus considers Ten Ren Tea Co to be Modestly Undervalued.

Key valuation signals for TPE:1233:

  • Scaled Net Operating Assets: 0.77
  • GF Value™: NT$34.52 vs. price of NT$28.20 (18.3% below fair value)
  • GF Score™: 72/100 with 3 warning signs

No single metric tells the full story. See the TPE:1233 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ten Ren Tea Co Business Description

Address Zhongxiao East Road, No. 107, Sec 4, Da’an District, Taipei, TWN
Ten Ren Tea Co Ltd is engaged in the manufacture and sale of tea, tea sets, and beverages. The company markets spiced tea, herbal tea, tea bags, aged tea, cold brew, tea gift sets, green tgea, as well as teapots and cups. The segments of the company are Tea segment responsible for tea production and sales; and Food and beverage segment engaged in providing catering services. Geographically, the company derives maximum revenue from Taiwan.
72GF Score

Get the complete analysis for TPE:1233

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

NT$28.20
Price
NT$34.52
GF Value