Formosa Plastics (TPE:1301) Scaled Net Operating Assets: 0.70 (As of Mar. 2026)


TPE:1301 Formosa Plastics Corp TPE:1301
58 GF Score
Price NT$62.10
GF Value NT$44.71
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Formosa Plastics Scaled Net Operating Assets?

Formosa Plastics TPE:1301 +4.02% 58 Scaled Net Operating Assets is 0.70 as of Mar. 2026. GuruFocus rates TPE:1301 with a GF Score™ of 58/100 and a GF Value™ of NT$44.71 (Significantly Overvalued). The stock has 8 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.

Formosa Plastics's operating assets for the quarter that ended in Mar. 2026 was NT$460,349 Mil. Formosa Plastics's operating liabilities for the quarter that ended in Mar. 2026 was NT$72,087 Mil. Formosa Plastics's Total Assets for the quarter that ended in Dec. 2025 was NT$557,502 Mil. Therefore, Formosa Plastics's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.70.

Formosa Plastics Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Formosa Plastics'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.

Formosa Plastics Scaled Net Operating Assets Chart

Formosa Plastics 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 0.69 0.62 0.72 0.70 0.76

Formosa Plastics 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 0.75 0.68 0.76 0.77 0.70

TPE:1301 vs LIN, SHW, ECL: Scaled Net Operating Assets Comparison

For the Specialty Chemicals subindustry, Formosa Plastics'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.

Formosa Plastics Scaled Net Operating Assets vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Formosa Plastics's Scaled Net Operating Assets distribution charts can be found below:

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


TPE:1301
58GF Score
Formosa Plastics Corp TPE:1301
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Formosa Plastics 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.

Formosa Plastics'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 )
=(438732.664-63538.671)/496830.078
=0.76

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=557502.008 - 118769.344
=438732.664

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=194279.579 - 78232.981 - 52507.927
=63538.671

Formosa Plastics'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 )
=(460349.254-72086.682)/557502.008
=0.70

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=593528.01 - 133178.756
=460349.254

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=203311.522 - 64028.187 - 67196.653
=72086.682

* 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 0.70 mean?
Formosa Plastics (TPE:1301) has a Scaled Net Operating Assets of 0.70 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 Formosa Plastics and its competitors.
Is Formosa Plastics' Scaled Net Operating Assets too high?
Formosa Plastics' current Scaled Net Operating Assets is 0.70. Overall, Formosa Plastics has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Formosa Plastics' Scaled Net Operating Assets compare to LIN and SHW?
Formosa Plastics' Scaled Net Operating Assets of 0.70 can be compared against companies in the Chemicals 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 Chemicals company?
A good Scaled Net Operating Assets depends on the Chemicals 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 Formosa Plastics and its competitors. Formosa Plastics's current Scaled Net Operating Assets is 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Formosa Plastics stock overvalued right now?
Based on GuruFocus' analysis, Formosa Plastics (TPE:1301) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$44.71, compared to a current price of NT$62.10 — trading 38.9% above its estimated fair value. The current Scaled Net Operating Assets is 0.70. Formosa Plastics' overall GF Score™ is 58/100 with 8 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 Formosa Plastics (TPE:1301), the current Scaled Net Operating Assets is 0.70 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 Formosa Plastics (TPE:1301) Overvalued in 2026?

Based on GuruFocus' analysis, Formosa Plastics stock appears to be overvalued. The current stock price of NT$62.10 is trading 38.9% above its estimated GF Value™ of NT$44.71. GuruFocus considers Formosa Plastics to be Significantly Overvalued.

Key valuation signals for TPE:1301:

  • Scaled Net Operating Assets: 0.70
  • GF Value™: NT$44.71 vs. price of NT$62.10 (38.9% above fair value)
  • GF Score™: 58/100 with 8 warning signs

No single metric tells the full story. See the TPE:1301 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Formosa Plastics Business Description

Address No. 100, Shuiguan Road, Renwu District, Kaohsiung, TWN, 814
Formosa Plastics Corp is a holding company that, through its subsidiaries, manufactures and sells plastic-based products, chemical fibers, and petrochemicals. The company operates in five reportable segments: Plastics Division, Polyolefins Division, Polypropylene Division, Tairylan Division, and Chemical Division. The majority of revenue is derived from the Plastic division. Geographically, the company operates in Taiwan, mainland China, and other countries, with the maximum revenue generated from Taiwan.
58GF Score

Get the complete analysis for TPE:1301

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

NT$62.10
Price
NT$44.71
GF Value