New Asia Construction & Development (TPE:2516) Scaled Net Operating Assets: -0.05 (As of Dec. 2025)


TPE:2516 New Asia Construction & Development Corp TPE:2516
79 GF Score
Price NT$14.10
GF Value NT$15.89
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is New Asia Construction & Development Scaled Net Operating Assets?

New Asia Construction & Development TPE:2516 +1.08% 79 Scaled Net Operating Assets is -0.05 as of Dec. 2025. GuruFocus rates TPE:2516 with a GF Score™ of 79/100 and a GF Value™ of NT$15.89 (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.

New Asia Construction & Development's operating assets for the quarter that ended in Dec. 2025 was NT$4,929 Mil. New Asia Construction & Development's operating liabilities for the quarter that ended in Dec. 2025 was NT$5,319 Mil. New Asia Construction & Development's Total Assets for the quarter that ended in Sep. 2025 was NT$7,636 Mil. Therefore, New Asia Construction & Development's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was -0.05.


New Asia Construction & Development Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for New Asia Construction & Development'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.

New Asia Construction & Development Scaled Net Operating Assets Chart

New Asia Construction & Development 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 0.14 0.07 -0.01 0.07 -0.05

New Asia Construction & Development 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 0.07 0.11 0.07 0.04 -0.05

TPE:2516 vs PWR, FIX, EME: Scaled Net Operating Assets Comparison

For the Engineering & Construction subindustry, New Asia Construction & Development'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.


New Asia Construction & Development Scaled Net Operating Assets vs Construction Industry

For the Construction industry and Industrials sector, New Asia Construction & Development's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where New Asia Construction & Development's Scaled Net Operating Assets falls into.


TPE:2516
79GF Score
New Asia Construction & Development Corp TPE:2516
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

New Asia Construction & Development 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.

New Asia Construction & Development'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 )
=(4928.995-5319.436)/7288.663
=-0.05

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=7973.687 - 3044.692
=4928.995

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5922.418 - 20.885 - 582.097
=5319.436

New Asia Construction & Development'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 )
=(4928.995-5319.436)/7636.209
=-0.05

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=7973.687 - 3044.692
=4928.995

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5922.418 - 20.885 - 582.097
=5319.436

* 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 -0.05 mean?
New Asia Construction & Development (TPE:2516) has a Scaled Net Operating Assets of -0.05 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 New Asia Construction & Development and its competitors.
Is New Asia Construction & Development's Scaled Net Operating Assets too high?
New Asia Construction & Development's current Scaled Net Operating Assets is -0.05. Overall, New Asia Construction & Development has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does New Asia Construction & Development's Scaled Net Operating Assets compare to PWR and FIX?
New Asia Construction & Development's Scaled Net Operating Assets of -0.05 can be compared against companies in the Construction 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 Construction company?
A good Scaled Net Operating Assets depends on the Construction 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 New Asia Construction & Development and its competitors. New Asia Construction & Development's current Scaled Net Operating Assets is -0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Asia Construction & Development stock overvalued right now?
Based on GuruFocus' analysis, New Asia Construction & Development (TPE:2516) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$15.89, compared to a current price of NT$14.10 — trading 11.3% below its estimated fair value. The current Scaled Net Operating Assets is -0.05. New Asia Construction & Development's overall GF Score™ is 79/100 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 New Asia Construction & Development (TPE:2516), the current Scaled Net Operating Assets is -0.05 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 New Asia Construction & Development (TPE:2516) Overvalued in 2026?

Based on GuruFocus' analysis, New Asia Construction & Development stock appears to be undervalued. The current stock price of NT$14.10 is trading 11.3% below its estimated GF Value™ of NT$15.89. GuruFocus considers New Asia Construction & Development to be Modestly Undervalued.

Key valuation signals for TPE:2516:

  • Scaled Net Operating Assets: -0.05
  • GF Value™: NT$15.89 vs. price of NT$14.10 (11.3% below fair value)
  • GF Score™: 79/100 with 2 warning signs

No single metric tells the full story. See the TPE:2516 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


New Asia Construction & Development Business Description

Address No. 760, Section 4, Bade Road, 15th & 16th Floor, Songshan District, Taipei, TWN
New Asia Construction & Development Corp and its subsidiaries are engaged in the construction of heavy equipment needed for civil engineering, development business related to land and community, construction, leasing or selling of public housing and office building, repairment, leasing and selling of heavy equipment, manufacturing and selling of ready mixed concrete and asphalt concrete, and investment. The Group operates in the construction segment, which is engaged in the construction of residential and commercial buildings and civil engineering contracts. The company operates in Taiwan and Asia, and the maximum revenue is generated from Taiwan.
79GF Score

Get the complete analysis for TPE:2516

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

NT$14.10
Price
NT$15.89
GF Value