Crowell Development (TPE:2528) Scaled Net Operating Assets: 0.73 (As of Dec. 2025)


TPE:2528 Crowell Development Corp TPE:2528
65 GF Score
Price NT$22.80
GF Value NT$121.53
Valuation Possible Value Trap
! 6 Warning Signs
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What is Crowell Development Scaled Net Operating Assets?

Crowell Development TPE:2528 -0.87% 65 Scaled Net Operating Assets is 0.73 as of Dec. 2025. GuruFocus rates TPE:2528 with a GF Score™ of 65/100 and a GF Value™ of NT$121.53 (Possible Value Trap). The stock has 6 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.

Crowell Development's operating assets for the quarter that ended in Dec. 2025 was NT$20,882 Mil. Crowell Development's operating liabilities for the quarter that ended in Dec. 2025 was NT$3,595 Mil. Crowell Development's Total Assets for the quarter that ended in Sep. 2025 was NT$23,561 Mil. Therefore, Crowell Development's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.73.

Crowell Development Scaled Net Operating Assets Historical Data

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The historical data trend for Crowell 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.

Crowell Development Scaled Net Operating Assets Chart

Crowell 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 1.05 0.87 0.87 0.92 0.61

Crowell 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 0.69 0.63 0.70 0.67 0.73

TPE:2528 vs CBRE, BEKE, JLL: Scaled Net Operating Assets Comparison

For the Real Estate Services subindustry, Crowell 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.

Crowell Development Scaled Net Operating Assets vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Crowell Development's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Crowell Development's Scaled Net Operating Assets falls into.


TPE:2528
65GF Score
Crowell Development Corp TPE:2528
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Crowell 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.

Crowell 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 )
=(20881.666-3594.555)/28590.027
=0.60

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=22460.03 - 1578.364
=20881.666

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=14569.687 - 3055.738 - 7919.394
=3594.555

Crowell 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 )
=(20881.666-3594.555)/23561.188
=0.73

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=22460.03 - 1578.364
=20881.666

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=14569.687 - 3055.738 - 7919.394
=3594.555

* 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 0.73 mean?
Crowell Development (TPE:2528) has a Scaled Net Operating Assets of 0.73 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 Crowell Development and its competitors.
Is Crowell Development's Scaled Net Operating Assets too high?
Crowell Development's current Scaled Net Operating Assets is 0.73. Overall, Crowell Development has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Crowell Development's Scaled Net Operating Assets compare to CBRE and BEKE?
Crowell Development's Scaled Net Operating Assets of 0.73 can be compared against companies in the Real Estate 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 Real Estate company?
A good Scaled Net Operating Assets depends on the Real Estate 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 Crowell Development and its competitors. Crowell Development's current Scaled Net Operating Assets is 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Crowell Development stock overvalued right now?
Based on GuruFocus' analysis, Crowell Development (TPE:2528) is currently considered Possible Value Trap. The stock's GF Value™ is NT$121.53, compared to a current price of NT$22.80 — trading 81.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.73. Crowell Development's overall GF Score™ is 65/100 with 6 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 Crowell Development (TPE:2528), the current Scaled Net Operating Assets is 0.73 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 Crowell Development (TPE:2528) Overvalued in 2026?

Based on GuruFocus' analysis, Crowell Development stock appears to be undervalued. The current stock price of NT$22.80 is trading 81.2% below its estimated GF Value™ of NT$121.53. GuruFocus considers Crowell Development to be Possible Value Trap.

Key valuation signals for TPE:2528:

  • Scaled Net Operating Assets: 0.73
  • GF Value™: NT$121.53 vs. price of NT$22.80 (81.2% below fair value)
  • GF Score™: 65/100 with 6 warning signs

No single metric tells the full story. See the TPE:2528 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Crowell Development Business Description

Address No.747, Wenzhong Road, 6th Floor, Taoyuan District, Taoyuan City, TWN, 330
Crowell Development Corp engages in the business of construction, sales, and leasing of commercial and residential buildings. The company operates in a single segment of public housing, selling and leasing of residential and commercial buildings.
65GF Score

Get the complete analysis for TPE:2528

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

NT$22.80
Price
NT$121.53
GF Value