Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Capital Securities's operating assets for the quarter that ended in Dec. 2025 was NT$224,791 Mil. Capital Securities's operating liabilities for the quarter that ended in Dec. 2025 was NT$180,192 Mil. Capital Securities's Total Assets for the quarter that ended in Sep. 2025 was NT$333,086 Mil. Therefore, Capital Securities's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.13.
Capital Securities Scaled Net Operating Assets Related Terms
Capital Securities Scaled Net Operating Assets Historical Data
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The historical data trend for Capital Securities'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.
Capital Securities Scaled Net Operating Assets Chart
TPE:6005 vs MS, GS, SCHW: Scaled Net Operating Assets Comparison
For the Capital Markets subindustry, Capital Securities'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.
Capital Securities Scaled Net Operating Assets vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Capital Securities's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Capital Securities's Scaled Net Operating Assets falls into.
* 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 0.13 mean?
Capital Securities (TPE:6005) has a Scaled Net Operating Assets of 0.13 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 Capital Securities and its competitors.
Is Capital Securities' Scaled Net Operating Assets too high?
Capital Securities' current Scaled Net Operating Assets is 0.13. Overall, Capital Securities has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Capital Securities' Scaled Net Operating Assets compare to MS and GS?
Capital Securities' Scaled Net Operating Assets of 0.13 can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Scaled Net Operating Assets depends on the Capital Markets 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 Capital Securities and its competitors. Capital Securities's current Scaled Net Operating Assets is 0.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Capital Securities stock overvalued right now?
Based on GuruFocus' analysis, Capital Securities (TPE:6005) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$31.89, compared to a current price of NT$37.35 — trading 17.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.13. Capital Securities' overall GF Score™ is 75/100 with 8 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 Capital Securities (TPE:6005), the current Scaled Net Operating Assets is 0.13 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 Capital Securities (TPE:6005) Overvalued in 2026?
Based on GuruFocus' analysis, Capital Securities stock appears to be overvalued.
The current stock price of NT$37.35 is trading 17.1% above its estimated GF Value™ of NT$31.89.
GuruFocus considers Capital Securities to be Modestly Overvalued.
Key valuation signals for TPE:6005:
Scaled Net Operating Assets: 0.13
GF Value™: NT$31.89 vs. price of NT$37.35 (17.1% above fair value)
No single metric tells the full story. See the TPE:6005 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Capital Securities Corp is a Taiwan-based securities company engaged in brokerage, underwriting, proprietary trading, and derivatives businesses. It operates in segments such as the Brokerage segment, which is engaged in brokerage trading, margin trading, and securities lending business. Corporate financing segment: Engaged in providing advisory on initial public offering or to register on the emerging or listed market, securities underwriting and sales, corporate finance, mergers and acquisitions. Dealing segment: Engaged in trading securities and related listed stock instruments on a proprietary basis. Derivative instrument segment: Engaged in the investment, consultancy, and issuance of derivative instruments. Futures: Engaged in the business of domestic futures brokerage services.
75GF 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.
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