Taiwan Glass Ind (TPE:1802) Scaled Net Operating Assets: 0.75 (As of Mar. 2026)

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TPE:1802 Taiwan Glass Ind Corp TPE:1802
45 GF Score
Price NT$52.50
GF Value NT$18.84
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Taiwan Glass Ind Scaled Net Operating Assets?

Taiwan Glass Ind TPE:1802 +2.94% 45 Scaled Net Operating Assets is 0.75 as of Mar. 2026. GuruFocus rates TPE:1802 with a GF Score™ of 45/100 and a GF Value™ of NT$18.84 (Significantly Overvalued). The stock has 5 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.

Taiwan Glass Ind's operating assets for the quarter that ended in Mar. 2026 was NT$81,010 Mil. Taiwan Glass Ind's operating liabilities for the quarter that ended in Mar. 2026 was NT$13,195 Mil. Taiwan Glass Ind's Total Assets for the quarter that ended in Dec. 2025 was NT$90,825 Mil. Therefore, Taiwan Glass Ind's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.75.


Taiwan Glass Ind Scaled Net Operating Assets Historical Data

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The historical data trend for Taiwan Glass Ind'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.

Taiwan Glass Ind Scaled Net Operating Assets Chart

Taiwan Glass Ind 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 0.74 0.65 0.68 0.72 0.72

Taiwan Glass Ind 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 0.73 0.67 0.76 0.75 0.75

TPE:1802 vs CRH, VMC, MLM: Scaled Net Operating Assets Comparison

For the Building Materials subindustry, Taiwan Glass Ind'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.


Taiwan Glass Ind Scaled Net Operating Assets vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Taiwan Glass Ind's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Taiwan Glass Ind's Scaled Net Operating Assets falls into.


TPE:1802
45GF Score
Taiwan Glass Ind Corp TPE:1802
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Taiwan Glass Ind 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.

Taiwan Glass Ind'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 )
=(78995.027-13853.64)/90375.732
=0.72

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=90825.325 - 11830.298
=78995.027

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=40500.414 - 9408.494 - 17238.28
=13853.64

Taiwan Glass Ind'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 )
=(81010.446-13195.169)/90825.325
=0.75

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=91606.959 - 10596.513
=81010.446

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=39115.841 - 10774.472 - 15146.2
=13195.169

* 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 0.75 mean?
Taiwan Glass Ind (TPE:1802) has a Scaled Net Operating Assets of 0.75 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 Taiwan Glass Ind and its competitors.
Is Taiwan Glass Ind's Scaled Net Operating Assets too high?
Taiwan Glass Ind's current Scaled Net Operating Assets is 0.75. Overall, Taiwan Glass Ind has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Glass Ind's Scaled Net Operating Assets compare to CRH and VMC?
Taiwan Glass Ind's Scaled Net Operating Assets of 0.75 can be compared against companies in the Building Materials 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 Building Materials company?
A good Scaled Net Operating Assets depends on the Building Materials 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 Taiwan Glass Ind and its competitors. Taiwan Glass Ind's current Scaled Net Operating Assets is 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Glass Ind stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Glass Ind (TPE:1802) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$18.84, compared to a current price of NT$52.50 — trading 178.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.75. Taiwan Glass Ind's overall GF Score™ is 45/100 with 5 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 Taiwan Glass Ind (TPE:1802), the current Scaled Net Operating Assets is 0.75 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 Taiwan Glass Ind (TPE:1802) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Glass Ind stock appears to be overvalued. The current stock price of NT$52.50 is trading 178.7% above its estimated GF Value™ of NT$18.84. GuruFocus considers Taiwan Glass Ind to be Significantly Overvalued.

Key valuation signals for TPE:1802:

  • Scaled Net Operating Assets: 0.75
  • GF Value™: NT$18.84 vs. price of NT$52.50 (178.7% above fair value)
  • GF Score™: 45/100 with 5 warning signs

No single metric tells the full story. See the TPE:1802 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Glass Ind Business Description

Address No. 261, Section 3, Nanjing East Road, 11th Floor, TG Building, Songshan District, Taipei, TWN, 105-405
Taiwan Glass Ind Corp is engaged in the manufacturing, processing, and selling of various glass products. Its products include flat glass, auto glass, ultra-thin glass, photoelectric glass, fiber glass, and containers, tableware & kitchenware. The company's segments include Flat Glass Segment, engaged in the manufacturing and selling of flat glass; Glass Container Segment, engaged in the manufacturing and selling of glass containers; and Glass Fiber Segment, engaged in the manufacturing and selling of glass fibers. It derives the majority of its revenue from the Flat Glass segment. Geographically, its operations are spread across Taiwan, China, and Other countries.
45GF Score

Get the complete analysis for TPE:1802

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

NT$52.50
Price
NT$18.84
GF Value