Delpha Construction Co (TPE:2530) Scaled Net Operating Assets: 0.69 (As of Dec. 2025)


TPE:2530 Delpha Construction Co Ltd TPE:2530
57 GF Score
Price NT$19.40
GF Value NT$59.67
Valuation Possible Value Trap
! 6 Warning Signs
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What is Delpha Construction Co Scaled Net Operating Assets?

Delpha Construction Co TPE:2530 +2.37% 57 Scaled Net Operating Assets is 0.69 as of Dec. 2025. GuruFocus rates TPE:2530 with a GF Score™ of 57/100 and a GF Value™ of NT$59.67 (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.

Delpha Construction Co's operating assets for the quarter that ended in Dec. 2025 was NT$26,727 Mil. Delpha Construction Co's operating liabilities for the quarter that ended in Dec. 2025 was NT$4,808 Mil. Delpha Construction Co's Total Assets for the quarter that ended in Sep. 2025 was NT$31,746 Mil. Therefore, Delpha Construction Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.69.


Delpha Construction Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Delpha Construction 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.

Delpha Construction Co Scaled Net Operating Assets Chart

Delpha Construction 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 1.57 0.92 0.95 0.92 0.75

Delpha Construction 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 0.78 0.76 0.72 0.66 0.69

TPE:2530 vs PWR, FIX, EME: Scaled Net Operating Assets Comparison

For the Engineering & Construction subindustry, Delpha Construction 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.


Delpha Construction Co Scaled Net Operating Assets vs Construction Industry

For the Construction industry and Industrials sector, Delpha Construction Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Delpha Construction Co's Scaled Net Operating Assets falls into.


TPE:2530
57GF Score
Delpha Construction Co Ltd TPE:2530
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Delpha Construction 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.

Delpha Construction 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 )
=(26726.905-4807.65)/29085.97
=0.75

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=30697.775 - 3970.87
=26726.905

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=20393.689 - 1314.938 - 14271.101
=4807.65

Delpha Construction 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 )
=(26726.905-4807.65)/31746.202
=0.69

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=30697.775 - 3970.87
=26726.905

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=20393.689 - 1314.938 - 14271.101
=4807.65

* 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 0.69 mean?
Delpha Construction Co (TPE:2530) has a Scaled Net Operating Assets of 0.69 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 Delpha Construction Co and its competitors.
Is Delpha Construction Co's Scaled Net Operating Assets too high?
Delpha Construction Co's current Scaled Net Operating Assets is 0.69. Overall, Delpha Construction Co has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Delpha Construction Co's Scaled Net Operating Assets compare to PWR and FIX?
Delpha Construction Co's Scaled Net Operating Assets of 0.69 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 Delpha Construction Co and its competitors. Delpha Construction Co's current Scaled Net Operating Assets is 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Delpha Construction Co stock overvalued right now?
Based on GuruFocus' analysis, Delpha Construction Co (TPE:2530) is currently considered Possible Value Trap. The stock's GF Value™ is NT$59.67, compared to a current price of NT$19.40 — trading 67.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.69. Delpha Construction Co's overall GF Score™ is 57/100 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 Delpha Construction Co (TPE:2530), the current Scaled Net Operating Assets is 0.69 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 Delpha Construction Co (TPE:2530) Overvalued in 2026?

Based on GuruFocus' analysis, Delpha Construction Co stock appears to be undervalued. The current stock price of NT$19.40 is trading 67.5% below its estimated GF Value™ of NT$59.67. GuruFocus considers Delpha Construction Co to be Possible Value Trap.

Key valuation signals for TPE:2530:

  • Scaled Net Operating Assets: 0.69
  • GF Value™: NT$59.67 vs. price of NT$19.40 (67.5% below fair value)
  • GF Score™: 57/100 with 6 warning signs

No single metric tells the full story. See the TPE:2530 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Delpha Construction Co Business Description

Address Chenggong Road, 16th Floor, No. 460, Section 5, Neihu District, Taipei, TWN, 11490
Delpha Construction Co Ltd is engaged in building commercial buildings by commissioning construction building companies, selling and leasing of public housing, development of specific professional areas, interior decoration, property rent/sale real estate agency, and the operation of and investment in related businesses. It has three reportable operating segments as follows: Construction Department, Movable and Immovable Property Investment and Development Department, and Building Department. The majority of revenue is derived from the Construction Department, which is mainly responsible for entrusting construction contractors and developing public residential housing and commercial buildings for lease or sale.
57GF Score

Get the complete analysis for TPE:2530

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

NT$19.40
Price
NT$59.67
GF Value