International CSRC Investment Holdings Co (TPE:2104) Scaled Net Operating Assets: 0.54 (As of Dec. 2025)


TPE:2104 International CSRC Investment Holdings Co Ltd TPE:2104
61 GF Score
Price NT$10.30
GF Value NT$12.38
Valuation Modestly Undervalued
! 5 Warning Signs
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What is International CSRC Investment Holdings Co Scaled Net Operating Assets?

International CSRC Investment Holdings Co TPE:2104 +0.49% 61 Scaled Net Operating Assets is 0.54 as of Dec. 2025. GuruFocus rates TPE:2104 with a GF Score™ of 61/100 and a GF Value™ of NT$12.38 (Modestly Undervalued). 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.

International CSRC Investment Holdings Co's operating assets for the quarter that ended in Dec. 2025 was NT$34,338 Mil. International CSRC Investment Holdings Co's operating liabilities for the quarter that ended in Dec. 2025 was NT$7,605 Mil. International CSRC Investment Holdings Co's Total Assets for the quarter that ended in Sep. 2025 was NT$49,053 Mil. Therefore, International CSRC Investment Holdings Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.54.


International CSRC Investment Holdings Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for International CSRC Investment Holdings 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.

International CSRC Investment Holdings Co Scaled Net Operating Assets Chart

International CSRC Investment Holdings 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 0.54 0.54 0.57 0.49

International CSRC Investment Holdings 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 0.56 0.61 0.51 0.54 0.55

TPE:2104 vs LIN, SHW, ECL: Scaled Net Operating Assets Comparison

For the Specialty Chemicals subindustry, International CSRC Investment Holdings 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.


International CSRC Investment Holdings Co Scaled Net Operating Assets vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, International CSRC Investment Holdings Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where International CSRC Investment Holdings Co's Scaled Net Operating Assets falls into.


TPE:2104
61GF Score
International CSRC Investment Holdings Co Ltd TPE:2104
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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International CSRC Investment Holdings 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.

International CSRC Investment Holdings 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 )
=(34337.897-7605.175)/54803.905
=0.49

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=49185.584 - 14847.687
=34337.897

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=23677.664 - 2359.924 - 13712.565
=7605.175

International CSRC Investment Holdings 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 )
=(34337.897-7605.175)/49053.264
=0.54

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=49185.584 - 14847.687
=34337.897

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=23677.664 - 2359.924 - 13712.565
=7605.175

* 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 0.54 mean?
International CSRC Investment Holdings Co (TPE:2104) has a Scaled Net Operating Assets of 0.54 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 International CSRC Investment Holdings Co and its competitors.
Is International CSRC Investment Holdings Co's Scaled Net Operating Assets too high?
International CSRC Investment Holdings Co's current Scaled Net Operating Assets is 0.54. Overall, International CSRC Investment Holdings Co has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does International CSRC Investment Holdings Co's Scaled Net Operating Assets compare to LIN and SHW?
International CSRC Investment Holdings Co's Scaled Net Operating Assets of 0.54 can be compared against companies in the Chemicals 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 Chemicals company?
A good Scaled Net Operating Assets depends on the Chemicals 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 International CSRC Investment Holdings Co and its competitors. International CSRC Investment Holdings Co's current Scaled Net Operating Assets is 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is International CSRC Investment Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, International CSRC Investment Holdings Co (TPE:2104) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$12.38, compared to a current price of NT$10.30 — trading 16.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.54. International CSRC Investment Holdings Co's overall GF Score™ is 61/100 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 International CSRC Investment Holdings Co (TPE:2104), the current Scaled Net Operating Assets is 0.54 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 International CSRC Investment Holdings Co (TPE:2104) Overvalued in 2026?

Based on GuruFocus' analysis, International CSRC Investment Holdings Co stock appears to be undervalued. The current stock price of NT$10.30 is trading 16.8% below its estimated GF Value™ of NT$12.38. GuruFocus considers International CSRC Investment Holdings Co to be Modestly Undervalued.

Key valuation signals for TPE:2104:

  • Scaled Net Operating Assets: 0.54
  • GF Value™: NT$12.38 vs. price of NT$10.30 (16.8% below fair value)
  • GF Score™: 61/100 with 5 warning signs

No single metric tells the full story. See the TPE:2104 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


International CSRC Investment Holdings Co Business Description

Address Zhongshan North Road, 8th Floor, No.113, Section 2, Taipei, TWN, 104
International CSRC Investment Holdings Co Ltd produces carbon black, a material for tire and other rubber products. It started power and steam co-generation system operations in December. The corporation also engages in biotechnology research and development. Its products and services include Tire Applications, Application of rubber products, Application of plastic products, Ink and Coating Application, Battery material applications, Ouroboros solutions, and Testing and analysis services. Its segments include Carbon Black, Biotechnology, and Others with the majority of revenue deriving from Carbon Black. It operates in two principal geographical areas: Asia and America with majority of revenue deriving from Aisa.
61GF Score

Get the complete analysis for TPE:2104

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

NT$10.30
Price
NT$12.38
GF Value