Union Bank of Taiwan (TPE:2838) Scaled Net Operating Assets: 0.04 (As of Dec. 2025)


TPE:2838 Union Bank of Taiwan TPE:2838
80 GF Score
Price NT$22.90
GF Value NT$16.27
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Union Bank of Taiwan Scaled Net Operating Assets?

Union Bank of Taiwan TPE:2838 +0.44% 80 Scaled Net Operating Assets is 0.04 as of Dec. 2025. GuruFocus rates TPE:2838 with a GF Score™ of 80/100 and a GF Value™ of NT$16.27 (Significantly Overvalued). 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.

Union Bank of Taiwan's operating assets for the quarter that ended in Dec. 2025 was NT$1,005,997 Mil. Union Bank of Taiwan's operating liabilities for the quarter that ended in Dec. 2025 was NT$961,344 Mil. Union Bank of Taiwan's Total Assets for the quarter that ended in Sep. 2025 was NT$1,045,813 Mil. Therefore, Union Bank of Taiwan's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.04.

TPE:2838
80GF Score
Union Bank of Taiwan TPE:2838
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Union Bank of Taiwan 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.

Union Bank of Taiwan'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 )
=(1005996.675-961344.004)/995457.466
=0.04

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1057688.027 - 51691.352
=1005996.675

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=970361.531 - 9017.527 - 0
=961344.004

Union Bank of Taiwan'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 )
=(1005996.675-961344.004)/1045812.885
=0.04

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1057688.027 - 51691.352
=1005996.675

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=970361.531 - 9017.527 - 0
=961344.004

* 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 0.04 mean?
Union Bank of Taiwan (TPE:2838) has a Scaled Net Operating Assets of 0.04 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 Union Bank of Taiwan and its competitors.
Is Union Bank of Taiwan's Scaled Net Operating Assets too high?
Union Bank of Taiwan's current Scaled Net Operating Assets is 0.04. Overall, Union Bank of Taiwan has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Union Bank of Taiwan's Scaled Net Operating Assets compare to competitors?
Union Bank of Taiwan's Scaled Net Operating Assets of 0.04 can be compared against companies in the Banks 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 Banks company?
A good Scaled Net Operating Assets depends on the Banks 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 Union Bank of Taiwan and its competitors. Union Bank of Taiwan's current Scaled Net Operating Assets is 0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Union Bank of Taiwan stock overvalued right now?
Based on GuruFocus' analysis, Union Bank of Taiwan (TPE:2838) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$16.27, compared to a current price of NT$22.90 — trading 40.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.04. Union Bank of Taiwan's overall GF Score™ is 80/100 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 Union Bank of Taiwan (TPE:2838), the current Scaled Net Operating Assets is 0.04 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 Union Bank of Taiwan (TPE:2838) Overvalued in 2026?

Based on GuruFocus' analysis, Union Bank of Taiwan stock appears to be overvalued. The current stock price of NT$22.90 is trading 40.7% above its estimated GF Value™ of NT$16.27. GuruFocus considers Union Bank of Taiwan to be Significantly Overvalued.

Key valuation signals for TPE:2838:

  • Scaled Net Operating Assets: 0.04
  • GF Value™: NT$16.27 vs. price of NT$22.90 (40.7% above fair value)
  • GF Score™: 80/100 with 6 warning signs

No single metric tells the full story. See the TPE:2838 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Union Bank of Taiwan Business Description

Other Exchanges 2838A.PFD:Taiwan
Address Minsheng East Road, 1st Floor, 2nd Floor, No. 109, Section 3, Songshan District, Taipei, TWN, 105
Union Bank of Taiwan mainly engaged in activities allowed under the Banking Law, which cover deposits, loans, discounts, remittances, acceptances, issuance of guarantees and letters of credit, short-term bills transactions, investments, foreign exchange transactions, savings, trust, etc. The company's reportable segments are Corporate banking unit consist Corporate banking, foreign exchange business, debt management and public treasury business; Consumer banking unit consider financial management and loan business, credit card business and car-loan business; Wealth management and trust unit; Investing unit; and Leasing unit. The majority of revenue comes from Consumer banking. The Company's operations are mainly in Taiwan.
80GF Score

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

NT$22.90
Price
NT$16.27
GF Value