Taiwan Pelican Express Co (TPE:2642) Scaled Net Operating Assets: 0.65 (As of Dec. 2025)


TPE:2642 Taiwan Pelican Express Co Ltd TPE:2642
68 GF Score
Price NT$21.25
GF Value NT$32.91
Valuation Possible Value Trap
! 4 Warning Signs
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What is Taiwan Pelican Express Co Scaled Net Operating Assets?

Taiwan Pelican Express Co TPE:2642 68 Scaled Net Operating Assets is 0.65 as of Dec. 2025. GuruFocus rates TPE:2642 with a GF Score™ of 68/100 and a GF Value™ of NT$32.91 (Possible Value Trap). The stock has 4 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.

Taiwan Pelican Express Co's operating assets for the quarter that ended in Dec. 2025 was NT$3,348 Mil. Taiwan Pelican Express Co's operating liabilities for the quarter that ended in Dec. 2025 was NT$644 Mil. Taiwan Pelican Express Co's Total Assets for the quarter that ended in Sep. 2025 was NT$4,181 Mil. Therefore, Taiwan Pelican Express Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.65.


Taiwan Pelican Express Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Taiwan Pelican Express 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.

Taiwan Pelican Express Co Scaled Net Operating Assets Chart

Taiwan Pelican Express 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 0.81 0.50 0.56 0.65 0.63

Taiwan Pelican Express 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 0.66 0.64 0.63 0.74 0.65

TPE:2642 vs UPS, FDX, JBHT: Scaled Net Operating Assets Comparison

For the Integrated Freight & Logistics subindustry, Taiwan Pelican Express 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.


Taiwan Pelican Express Co Scaled Net Operating Assets vs Transportation Industry

For the Transportation industry and Industrials sector, Taiwan Pelican Express Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Taiwan Pelican Express Co's Scaled Net Operating Assets falls into.


TPE:2642
68GF Score
Taiwan Pelican Express Co Ltd TPE:2642
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Taiwan Pelican Express 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.

Taiwan Pelican Express 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 )
=(3347.722-643.842)/4270.582
=0.63

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4044.69 - 696.968
=3347.722

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1992.408 - 1077.075 - 271.491
=643.842

Taiwan Pelican Express 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 )
=(3347.722-643.842)/4181.158
=0.65

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4044.69 - 696.968
=3347.722

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1992.408 - 1077.075 - 271.491
=643.842

* 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 0.65 mean?
Taiwan Pelican Express Co (TPE:2642) has a Scaled Net Operating Assets of 0.65 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 Taiwan Pelican Express Co and its competitors.
Is Taiwan Pelican Express Co's Scaled Net Operating Assets too high?
Taiwan Pelican Express Co's current Scaled Net Operating Assets is 0.65. Overall, Taiwan Pelican Express Co has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Taiwan Pelican Express Co's Scaled Net Operating Assets compare to UPS and FDX?
Taiwan Pelican Express Co's Scaled Net Operating Assets of 0.65 can be compared against companies in the Transportation 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 Transportation company?
A good Scaled Net Operating Assets depends on the Transportation 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 Taiwan Pelican Express Co and its competitors. Taiwan Pelican Express Co's current Scaled Net Operating Assets is 0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Pelican Express Co stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Pelican Express Co (TPE:2642) is currently considered Possible Value Trap. The stock's GF Value™ is NT$32.91, compared to a current price of NT$21.25 — trading 35.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.65. Taiwan Pelican Express Co's overall GF Score™ is 68/100 with 4 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 Taiwan Pelican Express Co (TPE:2642), the current Scaled Net Operating Assets is 0.65 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 Taiwan Pelican Express Co (TPE:2642) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Pelican Express Co stock appears to be undervalued. The current stock price of NT$21.25 is trading 35.4% below its estimated GF Value™ of NT$32.91. GuruFocus considers Taiwan Pelican Express Co to be Possible Value Trap.

Key valuation signals for TPE:2642:

  • Scaled Net Operating Assets: 0.65
  • GF Value™: NT$32.91 vs. price of NT$21.25 (35.4% below fair value)
  • GF Score™: 68/100 with 4 warning signs

No single metric tells the full story. See the TPE:2642 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Pelican Express Co Business Description

Address Shennong Street, No. 426, Sanchong District, Taipei, TWN, 241020
Taiwan Pelican Express Co Ltd is a Taiwan-based company. The Company and its subsidiaries engaged in the logistics business, a company that provides route-permitted truck transportation, home delivery, and other professional logistic delivery services. It has two reportable segments: the home delivery service segment and logistic business segment. The home delivery service segment is mainly engaged in route-permitted truck transportation and home delivery service, and the logistics business segment is mainly engaged in the warehouse storage, tally, and transportation delivery business. The group generates the majority of its revenue from the home delivery service segment. Geographically, the group operates in Taiwan and Vietnam. It generates key revenue from Taiwan.
68GF Score

Get the complete analysis for TPE:2642

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

NT$21.25
Price
NT$32.91
GF Value