Chung Hwa Pulp (TPE:1905) Scaled Net Operating Assets: 0.75 (As of Dec. 2025)


TPE:1905 Chung Hwa Pulp Corp TPE:1905
62 GF Score
Price NT$17.00
GF Value NT$17.24
Valuation Fairly Valued
! 11 Warning Signs
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What is Chung Hwa Pulp Scaled Net Operating Assets?

Chung Hwa Pulp TPE:1905 +1.49% 62 Scaled Net Operating Assets is 0.75 as of Dec. 2025. GuruFocus rates TPE:1905 with a GF Score™ of 62/100 and a GF Value™ of NT$17.24 (Fairly Valued). The stock has 11 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.

Chung Hwa Pulp's operating assets for the quarter that ended in Dec. 2025 was NT$35,138 Mil. Chung Hwa Pulp's operating liabilities for the quarter that ended in Dec. 2025 was NT$5,822 Mil. Chung Hwa Pulp's Total Assets for the quarter that ended in Sep. 2025 was NT$39,289 Mil. Therefore, Chung Hwa Pulp's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.75.

Chung Hwa Pulp Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Chung Hwa Pulp'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.

Chung Hwa Pulp Scaled Net Operating Assets Chart

Chung Hwa Pulp 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 0.79 0.79 0.75 0.80 0.76

Chung Hwa Pulp 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 0.74 0.77 0.73 0.76 0.75

Chung Hwa Pulp Scaled Net Operating Assets Competitor Comparison

For the Paper & Paper Products subindustry, Chung Hwa Pulp'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.

Chung Hwa Pulp Scaled Net Operating Assets vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Chung Hwa Pulp's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Chung Hwa Pulp's Scaled Net Operating Assets falls into.


TPE:1905
62GF Score
Chung Hwa Pulp Corp TPE:1905
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Chung Hwa Pulp 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.

Chung Hwa Pulp'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 )
=(35138.41-5821.612)/38617.733
=0.76

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=40441.347 - 5302.937
=35138.41

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=21854.206 - 1924.923 - 14107.671
=5821.612

Chung Hwa Pulp'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 )
=(35138.41-5821.612)/39289.078
=0.75

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=40441.347 - 5302.937
=35138.41

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=21854.206 - 1924.923 - 14107.671
=5821.612

* 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?
Chung Hwa Pulp (TPE:1905) has a Scaled Net Operating Assets of 0.75 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 Chung Hwa Pulp and its competitors.
Is Chung Hwa Pulp's Scaled Net Operating Assets too high?
Chung Hwa Pulp's current Scaled Net Operating Assets is 0.75. Overall, Chung Hwa Pulp has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Chung Hwa Pulp's Scaled Net Operating Assets compare to competitors?
Chung Hwa Pulp's Scaled Net Operating Assets of 0.75 can be compared against companies in the Forest Products 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 Forest Products company?
A good Scaled Net Operating Assets depends on the Forest Products 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 Chung Hwa Pulp and its competitors. Chung Hwa Pulp'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 Chung Hwa Pulp stock overvalued right now?
Based on GuruFocus' analysis, Chung Hwa Pulp (TPE:1905) is currently considered Fairly Valued. The stock's GF Value™ is NT$17.24, compared to a current price of NT$17.00 — trading 1.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.75. Chung Hwa Pulp's overall GF Score™ is 62/100 with 11 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 Chung Hwa Pulp (TPE:1905), the current Scaled Net Operating Assets is 0.75 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 Chung Hwa Pulp (TPE:1905) Overvalued in 2026?

Based on GuruFocus' analysis, Chung Hwa Pulp stock appears to be undervalued. The current stock price of NT$17.00 is trading 1.4% below its estimated GF Value™ of NT$17.24. GuruFocus considers Chung Hwa Pulp to be Fairly Valued.

Key valuation signals for TPE:1905:

  • Scaled Net Operating Assets: 0.75
  • GF Value™: NT$17.24 vs. price of NT$17.00 (1.4% below fair value)
  • GF Score™: 62/100 with 11 warning signs

No single metric tells the full story. See the TPE:1905 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Chung Hwa Pulp Business Description

Address No. 51, Chongqing South Road, 12th Floor, Section 2, Taipei City, TWN
Chung Hwa Pulp Corp is engaged in the production and sale of pulp and paper. Its businesses include specialty paper, pulp, paper and paperboard, tape and other businesses. The Company operates through the Pulp and Fine Paper segment, which generates maximum revenue, and the Forestry segment. Its activities include the manufacture and sale of cardboard, paper and pulp, as well as seedling cultivation and reforestation. Geographically, the Group operates in Taiwan and mainland China, with Taiwan generating maximum revenue.
62GF Score

Get the complete analysis for TPE:1905

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

NT$17.00
Price
NT$17.24
GF Value