Shenmao Technology (TPE:3305) Scaled Net Operating Assets: 0.80 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:3305 Shenmao Technology Inc TPE:3305
74 GF Score
Price NT$123.50
GF Value NT$103.29
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Shenmao Technology Scaled Net Operating Assets?

Shenmao Technology TPE:3305 -3.14% 74 Scaled Net Operating Assets is 0.80 as of Dec. 2025. GuruFocus rates TPE:3305 with a GF Score™ of 74/100 and a GF Value™ of NT$103.29 (Modestly Overvalued). The stock has 3 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.

Shenmao Technology's operating assets for the quarter that ended in Dec. 2025 was NT$10,332 Mil. Shenmao Technology's operating liabilities for the quarter that ended in Dec. 2025 was NT$977 Mil. Shenmao Technology's Total Assets for the quarter that ended in Sep. 2025 was NT$11,730 Mil. Therefore, Shenmao Technology's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.80.


Shenmao Technology Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Shenmao Technology'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.

Shenmao Technology Scaled Net Operating Assets Chart

Shenmao Technology 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 1.04 0.69 0.70 0.87 0.97

Shenmao Technology 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 0.77 0.81 0.71 0.80 0.80

TPE:3305 vs APH, GLW: Scaled Net Operating Assets Comparison

For the Electronic Components subindustry, Shenmao Technology'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.


Shenmao Technology Scaled Net Operating Assets vs Hardware Industry

For the Hardware industry and Technology sector, Shenmao Technology's Scaled Net Operating Assets distribution charts can be found below:

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


TPE:3305
74GF Score
Shenmao Technology Inc TPE:3305
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shenmao Technology 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.

Shenmao Technology'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 )
=(10331.909-976.996)/9615.629
=0.97

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=12531.506 - 2199.597
=10331.909

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6841.42 - 989.012 - 4875.412
=976.996

Shenmao Technology'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 )
=(10331.909-976.996)/11730.371
=0.80

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=12531.506 - 2199.597
=10331.909

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6841.42 - 989.012 - 4875.412
=976.996

* 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 0.80 mean?
Shenmao Technology (TPE:3305) has a Scaled Net Operating Assets of 0.80 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 Shenmao Technology and its competitors.
Is Shenmao Technology's Scaled Net Operating Assets too high?
Shenmao Technology's current Scaled Net Operating Assets is 0.80. Overall, Shenmao Technology has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shenmao Technology's Scaled Net Operating Assets compare to APH and GLW?
Shenmao Technology's Scaled Net Operating Assets of 0.80 can be compared against companies in the Hardware 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 Hardware company?
A good Scaled Net Operating Assets depends on the Hardware 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 Shenmao Technology and its competitors. Shenmao Technology's current Scaled Net Operating Assets is 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenmao Technology stock overvalued right now?
Based on GuruFocus' analysis, Shenmao Technology (TPE:3305) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$103.29, compared to a current price of NT$123.50 — trading 19.6% above its estimated fair value. The current Scaled Net Operating Assets is 0.80. Shenmao Technology's overall GF Score™ is 74/100 with 3 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 Shenmao Technology (TPE:3305), the current Scaled Net Operating Assets is 0.80 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 Shenmao Technology (TPE:3305) Overvalued in 2026?

Based on GuruFocus' analysis, Shenmao Technology stock appears to be overvalued. The current stock price of NT$123.50 is trading 19.6% above its estimated GF Value™ of NT$103.29. GuruFocus considers Shenmao Technology to be Modestly Overvalued.

Key valuation signals for TPE:3305:

  • Scaled Net Operating Assets: 0.80
  • GF Value™: NT$103.29 vs. price of NT$123.50 (19.6% above fair value)
  • GF Score™: 74/100 with 3 warning signs

No single metric tells the full story. See the TPE:3305 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shenmao Technology Business Description

Address No. 665, Datan North Road, Guanyin District, Taoyuan, TWN, 32841
Shenmao Technology Inc and its subsidiaries manufacture and sell solder wire, solder bar, BGA solder ball, and solder paste. The company has its geographic presence in Taiwan, Mainland China, Malaysia, and other countries. Its products are SMT Assembly, Semiconductor Packaging, Wave Solder Assembly, Liquid Flux, Solder Preform and Ribbon, and PV Ribbon.
74GF Score

Get the complete analysis for TPE:3305

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

NT$123.50
Price
NT$103.29
GF Value