Triocean Industrial Co (TPE:1472) Scaled Net Operating Assets: -0.01 (As of Dec. 2025)


TPE:1472 Triocean Industrial Corp Co Ltd TPE:1472
80 GF Score
Price NT$88.00
GF Value NT$77.96
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Triocean Industrial Co Scaled Net Operating Assets?

Triocean Industrial Co TPE:1472 +0.11% 80 Scaled Net Operating Assets is -0.01 as of Dec. 2025. GuruFocus rates TPE:1472 with a GF Score™ of 80/100 and a GF Value™ of NT$77.96 (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.

Triocean Industrial Co's operating assets for the quarter that ended in Dec. 2025 was NT$1,948 Mil. Triocean Industrial Co's operating liabilities for the quarter that ended in Dec. 2025 was NT$1,986 Mil. Triocean Industrial Co's Total Assets for the quarter that ended in Sep. 2025 was NT$5,360 Mil. Therefore, Triocean Industrial Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was -0.01.

Triocean Industrial Co Scaled Net Operating Assets Historical Data

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The historical data trend for Triocean Industrial 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.

Triocean Industrial Co Scaled Net Operating Assets Chart

Triocean Industrial 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 0.60 0.40 0.25 0.03 -0.01

Triocean Industrial 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 0.03 0.05 -0.08 0.01 -0.01

TPE:1472 vs PWR, FIX, EME: Scaled Net Operating Assets Comparison

For the Engineering & Construction subindustry, Triocean Industrial 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.

Triocean Industrial Co Scaled Net Operating Assets vs Construction Industry

For the Construction industry and Industrials sector, Triocean Industrial Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Triocean Industrial Co's Scaled Net Operating Assets falls into.


TPE:1472
80GF Score
Triocean Industrial Corp Co Ltd TPE:1472
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Triocean Industrial 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.

Triocean Industrial 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 )
=(1948.254-1986.427)/4541.161
=-0.01

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5421.704 - 3473.45
=1948.254

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3123.654 - 812.12 - 325.107
=1986.427

Triocean Industrial 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 )
=(1948.254-1986.427)/5360.3
=-0.01

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5421.704 - 3473.45
=1948.254

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3123.654 - 812.12 - 325.107
=1986.427

* 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 -0.01 mean?
Triocean Industrial Co (TPE:1472) has a Scaled Net Operating Assets of -0.01 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 Triocean Industrial Co and its competitors.
Is Triocean Industrial Co's Scaled Net Operating Assets too high?
Triocean Industrial Co's current Scaled Net Operating Assets is -0.01. Overall, Triocean Industrial Co has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Triocean Industrial Co's Scaled Net Operating Assets compare to PWR and FIX?
Triocean Industrial Co's Scaled Net Operating Assets of -0.01 can be compared against companies in the Construction 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 Construction company?
A good Scaled Net Operating Assets depends on the Construction 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 Triocean Industrial Co and its competitors. Triocean Industrial Co's current Scaled Net Operating Assets is -0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Triocean Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Triocean Industrial Co (TPE:1472) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$77.96, compared to a current price of NT$88.00 — trading 12.9% above its estimated fair value. The current Scaled Net Operating Assets is -0.01. Triocean Industrial Co'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 Triocean Industrial Co (TPE:1472), the current Scaled Net Operating Assets is -0.01 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 Triocean Industrial Co (TPE:1472) Overvalued in 2026?

Based on GuruFocus' analysis, Triocean Industrial Co stock appears to be overvalued. The current stock price of NT$88.00 is trading 12.9% above its estimated GF Value™ of NT$77.96. GuruFocus considers Triocean Industrial Co to be Modestly Overvalued.

Key valuation signals for TPE:1472:

  • Scaled Net Operating Assets: -0.01
  • GF Value™: NT$77.96 vs. price of NT$88.00 (12.9% above fair value)
  • GF Score™: 80/100 with 2 warning signs

No single metric tells the full story. See the TPE:1472 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Triocean Industrial Co Business Description

Address No. 360, Jiabao Road, 3rd Floor, Dashe District, Kaohsiung, TWN, 815006
Triocean Industrial Corp Co Ltd is engaged in the construction business. The company's business includes contracting repair/renovation projects, undertaking construction such as land preparation, infrastructure, installation of construction equipment, and construction, reconstruction, and repair of civil engineering projects. It mainly undertakes private residential projects, and cooperates with its subsidiary, to execute public engineering projects focusing on water and electrical works.
80GF Score

Get the complete analysis for TPE:1472

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

NT$88.00
Price
NT$77.96
GF Value