Chia Ta World Co (TPE:2033) Scaled Net Operating Assets: 0.92 (As of Dec. 2025)


TPE:2033 Chia Ta World Co Ltd TPE:2033
75 GF Score
Price NT$16.15
GF Value NT$18.58
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Chia Ta World Co Scaled Net Operating Assets?

Chia Ta World Co TPE:2033 +0.94% 75 Scaled Net Operating Assets is 0.92 as of Dec. 2025. GuruFocus rates TPE:2033 with a GF Score™ of 75/100 and a GF Value™ of NT$18.58 (Modestly Undervalued). 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.

Chia Ta World Co's operating assets for the quarter that ended in Dec. 2025 was NT$1,171.7 Mil. Chia Ta World Co's operating liabilities for the quarter that ended in Dec. 2025 was NT$55.3 Mil. Chia Ta World Co's Total Assets for the quarter that ended in Sep. 2025 was NT$1,219.8 Mil. Therefore, Chia Ta World Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.92.


Chia Ta World Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Chia Ta World 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.

Chia Ta World Co Scaled Net Operating Assets Chart

Chia Ta World 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 1.00 0.90 0.86 0.86 0.93

Chia Ta World 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 0.84 0.92 0.88 0.93 0.92

TPE:2033 vs NUE, STLD, RS: Scaled Net Operating Assets Comparison

For the Steel subindustry, Chia Ta World 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.


Chia Ta World Co Scaled Net Operating Assets vs Steel Industry

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

* The bar in red indicates where Chia Ta World Co's Scaled Net Operating Assets falls into.


TPE:2033
75GF Score
Chia Ta World Co Ltd TPE:2033
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Chia Ta World 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.

Chia Ta World 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 )
=(1171.708-55.347)/1198.337
=0.93

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1235.041 - 63.333
=1171.708

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=178.51 - 3.911 - 119.252
=55.347

Chia Ta World 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 )
=(1171.708-55.347)/1219.79
=0.92

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1235.041 - 63.333
=1171.708

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=178.51 - 3.911 - 119.252
=55.347

* 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 0.92 mean?
Chia Ta World Co (TPE:2033) has a Scaled Net Operating Assets of 0.92 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 Chia Ta World Co and its competitors.
Is Chia Ta World Co's Scaled Net Operating Assets too high?
Chia Ta World Co's current Scaled Net Operating Assets is 0.92. Overall, Chia Ta World Co has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chia Ta World Co's Scaled Net Operating Assets compare to NUE and STLD?
Chia Ta World Co's Scaled Net Operating Assets of 0.92 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 Chia Ta World Co and its competitors. Chia Ta World Co's current Scaled Net Operating Assets is 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chia Ta World Co stock overvalued right now?
Based on GuruFocus' analysis, Chia Ta World Co (TPE:2033) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$18.58, compared to a current price of NT$16.15 — trading 13.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.92. Chia Ta World Co's overall GF Score™ is 75/100 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 Chia Ta World Co (TPE:2033), the current Scaled Net Operating Assets is 0.92 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 Chia Ta World Co (TPE:2033) Overvalued in 2026?

Based on GuruFocus' analysis, Chia Ta World Co stock appears to be undervalued. The current stock price of NT$16.15 is trading 13.1% below its estimated GF Value™ of NT$18.58. GuruFocus considers Chia Ta World Co to be Modestly Undervalued.

Key valuation signals for TPE:2033:

  • Scaled Net Operating Assets: 0.92
  • GF Value™: NT$18.58 vs. price of NT$16.15 (13.1% below fair value)
  • GF Score™: 75/100 with 2 warning signs

No single metric tells the full story. See the TPE:2033 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chia Ta World Co Business Description

Address No. 2, Yongyun 5th Road, Yongkang District, Tainan, TWN
Chia Ta World Co Ltd is principally engaged in the manufacture, processing and distribution of steel products including steel wires, galvanized steel wires, galvanized iron wires, pre-stressed concrete (PC) steel wire, prestressed concrete (PC) steel wire strands, pre-stressed concrete (PC) deformed steel bars, steel wire strands, steel ropes, steel cables, springs, steel & iron wires, as well as machinery hardware parts. Geographically, the firm generates a majority of its revenue from Taiwan, followed by Japan and Mainland China.
75GF Score

Get the complete analysis for TPE:2033

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

NT$16.15
Price
NT$18.58
GF Value