Ta Chen Stainless Pipe Co (TPE:2027) Scaled Net Operating Assets: 0.86 (As of Dec. 2025)


TPE:2027 Ta Chen Stainless Pipe Co Ltd TPE:2027
81 GF Score
Price NT$40.00
GF Value NT$42.70
Valuation Fairly Valued
! 4 Warning Signs
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What is Ta Chen Stainless Pipe Co Scaled Net Operating Assets?

Ta Chen Stainless Pipe Co TPE:2027 81 Scaled Net Operating Assets is 0.86 as of Dec. 2025. GuruFocus rates TPE:2027 with a GF Score™ of 81/100 and a GF Value™ of NT$42.70 (Fairly Valued). The stock has 4 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.

Ta Chen Stainless Pipe Co's operating assets for the quarter that ended in Dec. 2025 was NT$141,010 Mil. Ta Chen Stainless Pipe Co's operating liabilities for the quarter that ended in Dec. 2025 was NT$10,282 Mil. Ta Chen Stainless Pipe Co's Total Assets for the quarter that ended in Sep. 2025 was NT$151,434 Mil. Therefore, Ta Chen Stainless Pipe Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.86.


Ta Chen Stainless Pipe Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Ta Chen Stainless Pipe 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.

Ta Chen Stainless Pipe Co Scaled Net Operating Assets Chart

Ta Chen Stainless Pipe 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 0.87 1.11 0.77 0.87 0.95

Ta Chen Stainless Pipe 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 0.87 0.90 0.74 0.86 0.86

TPE:2027 vs NUE, STLD, RS: Scaled Net Operating Assets Comparison

For the Steel subindustry, Ta Chen Stainless Pipe 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.


Ta Chen Stainless Pipe Co Scaled Net Operating Assets vs Steel Industry

For the Steel industry and Basic Materials sector, Ta Chen Stainless Pipe Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Ta Chen Stainless Pipe Co's Scaled Net Operating Assets falls into.


TPE:2027
81GF Score
Ta Chen Stainless Pipe Co Ltd TPE:2027
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Ta Chen Stainless Pipe 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.

Ta Chen Stainless Pipe 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 )
=(141009.755-10281.561)/137747.714
=0.95

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=153516.847 - 12507.092
=141009.755

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=65000.463 - 38736.75 - 15982.152
=10281.561

Ta Chen Stainless Pipe 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 )
=(141009.755-10281.561)/151434.201
=0.86

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=153516.847 - 12507.092
=141009.755

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=65000.463 - 38736.75 - 15982.152
=10281.561

* 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 0.86 mean?
Ta Chen Stainless Pipe Co (TPE:2027) has a Scaled Net Operating Assets of 0.86 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 Ta Chen Stainless Pipe Co and its competitors.
Is Ta Chen Stainless Pipe Co's Scaled Net Operating Assets too high?
Ta Chen Stainless Pipe Co's current Scaled Net Operating Assets is 0.86. Overall, Ta Chen Stainless Pipe Co has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ta Chen Stainless Pipe Co's Scaled Net Operating Assets compare to NUE and STLD?
Ta Chen Stainless Pipe Co's Scaled Net Operating Assets of 0.86 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 Ta Chen Stainless Pipe Co and its competitors. Ta Chen Stainless Pipe Co's current Scaled Net Operating Assets is 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ta Chen Stainless Pipe Co stock overvalued right now?
Based on GuruFocus' analysis, Ta Chen Stainless Pipe Co (TPE:2027) is currently considered Fairly Valued. The stock's GF Value™ is NT$42.70, compared to a current price of NT$40.00 — trading 6.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.86. Ta Chen Stainless Pipe Co's overall GF Score™ is 81/100 with 4 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 Ta Chen Stainless Pipe Co (TPE:2027), the current Scaled Net Operating Assets is 0.86 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 Ta Chen Stainless Pipe Co (TPE:2027) Overvalued in 2026?

Based on GuruFocus' analysis, Ta Chen Stainless Pipe Co stock appears to be undervalued. The current stock price of NT$40.00 is trading 6.3% below its estimated GF Value™ of NT$42.70. GuruFocus considers Ta Chen Stainless Pipe Co to be Fairly Valued.

Key valuation signals for TPE:2027:

  • Scaled Net Operating Assets: 0.86
  • GF Value™: NT$42.70 vs. price of NT$40.00 (6.3% below fair value)
  • GF Score™: 81/100 with 4 warning signs

No single metric tells the full story. See the TPE:2027 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ta Chen Stainless Pipe Co Business Description

Address Hsin-Tien 2nd Street, No. 125, Hsin-Tien, Jeng-Teh, Tainan, TWN
Ta Chen Stainless Pipe Co Ltd is engaged in the manufacturing, processing, and selling of stainless steel pipes and stainless steel pipe fittings, stainless steel plates, as well as the manufacturing and sale of venetian blinds. It is also engaged in the manufacturing and selling of aluminum products and the sale of screws and nuts. The Group's operating segments are: Stainless steel and aluminum, Aluminum manufacturing, Screws and nuts, and Curtain and decorations. The majority of its revenue is derived from the Stainless steel and aluminum segment, which offers stainless steel pipes, stainless steel pipe fittings, as well as stainless steel plates (rolls), bars, and aluminum products. Geographically, the Group generates maximum revenue from the USA, followed by Taiwan and other markets.
81GF Score

Get the complete analysis for TPE:2027

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

NT$40.00
Price
NT$42.70
GF Value