JSL Construction & Development Co (TPE:2540) Scaled Net Operating Assets: 0.67 (As of Dec. 2025)


TPE:2540 JSL Construction & Development Co Ltd TPE:2540
84 GF Score
Price NT$53.70
GF Value NT$60.49
Valuation Modestly Undervalued
! 15 Warning Signs
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What is JSL Construction & Development Co Scaled Net Operating Assets?

JSL Construction & Development Co TPE:2540 +0.19% 84 Scaled Net Operating Assets is 0.67 as of Dec. 2025. GuruFocus rates TPE:2540 with a GF Score™ of 84/100 and a GF Value™ of NT$60.49 (Modestly Undervalued). The stock has 15 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.

JSL Construction & Development Co's operating assets for the quarter that ended in Dec. 2025 was NT$50,792 Mil. JSL Construction & Development Co's operating liabilities for the quarter that ended in Dec. 2025 was NT$12,326 Mil. JSL Construction & Development Co's Total Assets for the quarter that ended in Sep. 2025 was NT$57,041 Mil. Therefore, JSL Construction & Development Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.67.


JSL Construction & Development Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for JSL Construction & Development 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.

JSL Construction & Development Co Scaled Net Operating Assets Chart

JSL Construction & Development 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 0.91 0.91 0.85 0.80 0.79

JSL Construction & Development 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 0.62 0.68 0.60 0.66 0.67

TPE:2540 vs CBRE, BEKE, JLL: Scaled Net Operating Assets Comparison

For the Real Estate Services subindustry, JSL Construction & Development 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.


JSL Construction & Development Co Scaled Net Operating Assets vs Real Estate Industry

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

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


TPE:2540
84GF Score
JSL Construction & Development Co Ltd TPE:2540
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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JSL Construction & Development 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.

JSL Construction & Development 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 )
=(50791.755-12325.637)/48734.777
=0.79

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=60324.383 - 9532.628
=50791.755

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=43897.585 - 5534.243 - 26037.705
=12325.637

JSL Construction & Development 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 )
=(50791.755-12325.637)/57040.929
=0.67

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=60324.383 - 9532.628
=50791.755

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=43897.585 - 5534.243 - 26037.705
=12325.637

* 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 0.67 mean?
JSL Construction & Development Co (TPE:2540) has a Scaled Net Operating Assets of 0.67 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 JSL Construction & Development Co and its competitors.
Is JSL Construction & Development Co's Scaled Net Operating Assets too high?
JSL Construction & Development Co's current Scaled Net Operating Assets is 0.67. Overall, JSL Construction & Development Co has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does JSL Construction & Development Co's Scaled Net Operating Assets compare to CBRE and BEKE?
JSL Construction & Development Co's Scaled Net Operating Assets of 0.67 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 JSL Construction & Development Co and its competitors. JSL Construction & Development Co's current Scaled Net Operating Assets is 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JSL Construction & Development Co stock overvalued right now?
Based on GuruFocus' analysis, JSL Construction & Development Co (TPE:2540) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$60.49, compared to a current price of NT$53.70 — trading 11.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.67. JSL Construction & Development Co's overall GF Score™ is 84/100 with 15 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 JSL Construction & Development Co (TPE:2540), the current Scaled Net Operating Assets is 0.67 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 JSL Construction & Development Co (TPE:2540) Overvalued in 2026?

Based on GuruFocus' analysis, JSL Construction & Development Co stock appears to be undervalued. The current stock price of NT$53.70 is trading 11.2% below its estimated GF Value™ of NT$60.49. GuruFocus considers JSL Construction & Development Co to be Modestly Undervalued.

Key valuation signals for TPE:2540:

  • Scaled Net Operating Assets: 0.67
  • GF Value™: NT$60.49 vs. price of NT$53.70 (11.2% below fair value)
  • GF Score™: 84/100 with 15 warning signs

No single metric tells the full story. See the TPE:2540 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


JSL Construction & Development Co Business Description

Address No.128 Langjiang Road, 2nd floor, Zhongshan District, Taipei, TWN, 104
JSL Construction & Development Co Ltd operates as real estate agents and sellers, to commission construction companies for the construction of national housing, commercial buildings for rental leases and sales, trading of building materials, operation of interior decoration, IT software, third-party payment services, integrated construction, property management and wholesale of food and goods. It has three segments: Real estate selling agency, Construction, and Development. The Real estate selling agency is engaged in real estate selling operation; the Construction segment is engaged in the construction of public housing, commercial building development, rental, and sales, real estate sales, and other business; the Development segment undertakes civil construction engineering projects.
84GF Score

Get the complete analysis for TPE:2540

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

NT$53.70
Price
NT$60.49
GF Value