China Steel Structure Co (TPE:2013) Scaled Net Operating Assets: 0.45 (As of Dec. 2025)


TPE:2013 China Steel Structure Co Ltd TPE:2013
81 GF Score
Price NT$44.00
GF Value NT$57.88
Valuation Modestly Undervalued
! 1 Warning Sign
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What is China Steel Structure Co Scaled Net Operating Assets?

China Steel Structure Co TPE:2013 +0.57% 81 Scaled Net Operating Assets is 0.45 as of Dec. 2025. GuruFocus rates TPE:2013 with a GF Score™ of 81/100 and a GF Value™ of NT$57.88 (Modestly Undervalued). The stock has 1 warning sign investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

China Steel Structure Co's operating assets for the quarter that ended in Dec. 2025 was NT$13,489 Mil. China Steel Structure Co's operating liabilities for the quarter that ended in Dec. 2025 was NT$6,873 Mil. China Steel Structure Co's Total Assets for the quarter that ended in Sep. 2025 was NT$14,556 Mil. Therefore, China Steel Structure Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.45.


China Steel Structure Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for China Steel Structure 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.

China Steel Structure Co Scaled Net Operating Assets Chart

China Steel Structure 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 0.58 0.59 0.70 0.62 0.45

China Steel Structure 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 0.58 0.57 0.56 0.51 0.46

TPE:2013 vs NUE, STLD, RS: Scaled Net Operating Assets Comparison

For the Steel subindustry, China Steel Structure 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.


China Steel Structure Co Scaled Net Operating Assets vs Steel Industry

For the Steel industry and Basic Materials sector, China Steel Structure Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where China Steel Structure Co's Scaled Net Operating Assets falls into.


TPE:2013
81GF Score
China Steel Structure Co Ltd TPE:2013
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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China Steel Structure 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.

China Steel Structure 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 )
=(13489.061-6873.135)/14787.204
=0.45

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=14959.765 - 1470.704
=13489.061

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9282.988 - 446.485 - 1963.368
=6873.135

China Steel Structure 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 )
=(13489.061-6873.135)/14556.252
=0.45

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=14959.765 - 1470.704
=13489.061

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9282.988 - 446.485 - 1963.368
=6873.135

* 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 0.45 mean?
China Steel Structure Co (TPE:2013) has a Scaled Net Operating Assets of 0.45 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 China Steel Structure Co and its competitors.
Is China Steel Structure Co's Scaled Net Operating Assets too high?
China Steel Structure Co's current Scaled Net Operating Assets is 0.45. Overall, China Steel Structure Co has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Steel Structure Co's Scaled Net Operating Assets compare to NUE and STLD?
China Steel Structure Co's Scaled Net Operating Assets of 0.45 can be compared against companies in the Steel 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 Steel company?
A good Scaled Net Operating Assets depends on the Steel 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 China Steel Structure Co and its competitors. China Steel Structure Co's current Scaled Net Operating Assets is 0.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Steel Structure Co stock overvalued right now?
Based on GuruFocus' analysis, China Steel Structure Co (TPE:2013) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$57.88, compared to a current price of NT$44.00 — trading 24% below its estimated fair value. The current Scaled Net Operating Assets is 0.45. China Steel Structure Co's overall GF Score™ is 81/100 with 1 warning sign 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 China Steel Structure Co (TPE:2013), the current Scaled Net Operating Assets is 0.45 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 China Steel Structure Co (TPE:2013) Overvalued in 2026?

Based on GuruFocus' analysis, China Steel Structure Co stock appears to be undervalued. The current stock price of NT$44.00 is trading 24% below its estimated GF Value™ of NT$57.88. GuruFocus considers China Steel Structure Co to be Modestly Undervalued.

Key valuation signals for TPE:2013:

  • Scaled Net Operating Assets: 0.45
  • GF Value™: NT$57.88 vs. price of NT$44.00 (24% below fair value)
  • GF Score™: 81/100 with 1 warning sign

No single metric tells the full story. See the TPE:2013 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Steel Structure Co Business Description

Address No.500 Zhongxing Road, Yanchao district, Kaohsiung, TWN, 82477
China Steel Structure Co Ltd is engaged in designing, processing, manufacturing, assembling and selling steel built-up sections; providing technical services for the construction of steel structures, importing and exporting metal and construction materials and real estate leasing. The Group's reportable segments are CSSC, USEC and Others and generates majority revenue from CSSC segment. Geographically, the Group mainly operates in Taiwan region.
81GF Score

Get the complete analysis for TPE:2013

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

NT$44.00
Price
NT$57.88
GF Value