ASE Technology Holding Co (TPE:3711) Scaled Net Operating Assets: 0.59 (As of Mar. 2026)


TPE:3711 ASE Technology Holding Co Ltd TPE:3711
62 GF Score
Price NT$682.00
GF Value NT$181.27
Valuation Significantly Overvalued
! 9 Warning Signs
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What is ASE Technology Holding Co Scaled Net Operating Assets?

ASE Technology Holding Co TPE:3711 -6.19% 62 Scaled Net Operating Assets is 0.59 as of Mar. 2026. GuruFocus rates TPE:3711 with a GF Score™ of 62/100 and a GF Value™ of NT$181.27 (Significantly Overvalued). The stock has 9 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.

ASE Technology Holding Co's operating assets for the quarter that ended in Mar. 2026 was NT$843,575 Mil. ASE Technology Holding Co's operating liabilities for the quarter that ended in Mar. 2026 was NT$320,408 Mil. ASE Technology Holding Co's Total Assets for the quarter that ended in Dec. 2025 was NT$889,500 Mil. Therefore, ASE Technology Holding Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.59.


ASE Technology Holding Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for ASE Technology Holding 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.

ASE Technology Holding Co Scaled Net Operating Assets Chart

ASE Technology Holding 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 0.69 0.65 0.60 0.69 0.72

ASE Technology Holding Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.63 0.61 0.71 0.63 0.59

TPE:3711 vs NVDA, AVGO, MU: Scaled Net Operating Assets Comparison

For the Semiconductors subindustry, ASE Technology Holding 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.


ASE Technology Holding Co Scaled Net Operating Assets vs Semiconductors Industry

For the Semiconductors industry and Technology sector, ASE Technology Holding Co's Scaled Net Operating Assets distribution charts can be found below:

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


TPE:3711
62GF Score
ASE Technology Holding Co Ltd TPE:3711
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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ASE Technology Holding 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.

ASE Technology Holding 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 )
=(787516.438-257208.192)/741060.069
=0.72

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=889499.758 - 101983.32
=787516.438

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=520870.658 - 221959.344 - 41703.122
=257208.192

ASE Technology Holding Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(843575.46-320408.258)/889499.758
=0.59

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=957527.444 - 113951.984
=843575.46

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=576383.49 - 208583.545 - 47391.687
=320408.258

* 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 0.59 mean?
ASE Technology Holding Co (TPE:3711) has a Scaled Net Operating Assets of 0.59 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on ASE Technology Holding Co and its competitors.
Is ASE Technology Holding Co's Scaled Net Operating Assets too high?
ASE Technology Holding Co's current Scaled Net Operating Assets is 0.59. Overall, ASE Technology Holding Co has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ASE Technology Holding Co's Scaled Net Operating Assets compare to NVDA and AVGO?
ASE Technology Holding Co's Scaled Net Operating Assets of 0.59 can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Scaled Net Operating Assets depends on the Semiconductors 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 ASE Technology Holding Co and its competitors. ASE Technology Holding Co's current Scaled Net Operating Assets is 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASE Technology Holding Co stock overvalued right now?
Based on GuruFocus' analysis, ASE Technology Holding Co (TPE:3711) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$181.27, compared to a current price of NT$682.00 — trading 276.2% above its estimated fair value. The current Scaled Net Operating Assets is 0.59. ASE Technology Holding Co's overall GF Score™ is 62/100 with 9 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 ASE Technology Holding Co (TPE:3711), the current Scaled Net Operating Assets is 0.59 as of Mar. 2026. 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 ASE Technology Holding Co (TPE:3711) Overvalued in 2026?

Based on GuruFocus' analysis, ASE Technology Holding Co stock appears to be overvalued. The current stock price of NT$682.00 is trading 276.2% above its estimated GF Value™ of NT$181.27. GuruFocus considers ASE Technology Holding Co to be Significantly Overvalued.

Key valuation signals for TPE:3711:

  • Scaled Net Operating Assets: 0.59
  • GF Value™: NT$181.27 vs. price of NT$682.00 (276.2% above fair value)
  • GF Score™: 62/100 with 9 warning signs

No single metric tells the full story. See the TPE:3711 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ASE Technology Holding Co Business Description

Address No. 26, Chin Third Road, Nantze Export Processing Zone, Nanzih District, Kaoshiung, Kaohsiung, TWN, 811
ASE Technology Holding Co Ltd is a semiconductor assembly and testing firm. The company operates in segments: Packaging, Testing, Electronic Manufacturing Services and others. Of these, Packaging segment contribute the maximum revenue. The packaging segment involves packaging bare semiconductors into completed semiconductors with improved electrical and thermal characteristics. The Testing Segment includes front-end engineering testing, wafer probing, and final testing services. In the EMS segment, the company designs manufactures, and sells electronic components and telecommunication equipment motherboards. The company is based in Taiwan but generates over half its sales from firms in the United States.
62GF Score

Get the complete analysis for TPE:3711

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

NT$682.00
Price
NT$181.27
GF Value