Forest Water Environmental Eng'g Co (TPE:8473) Scaled Net Operating Assets: 0.58 (As of Dec. 2025)


TPE:8473 Forest Water Environmental Eng'g Co Ltd TPE:8473
79 GF Score
Price NT$48.60
GF Value NT$41.94
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Forest Water Environmental Eng'g Co Scaled Net Operating Assets?

Forest Water Environmental Eng'g Co TPE:8473 -1.12% 79 Scaled Net Operating Assets is 0.58 as of Dec. 2025. GuruFocus rates TPE:8473 with a GF Score™ of 79/100 and a GF Value™ of NT$41.94 (Modestly 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.

Forest Water Environmental Eng'g Co's operating assets for the quarter that ended in Dec. 2025 was NT$12,210 Mil. Forest Water Environmental Eng'g Co's operating liabilities for the quarter that ended in Dec. 2025 was NT$2,905 Mil. Forest Water Environmental Eng'g Co's Total Assets for the quarter that ended in Sep. 2025 was NT$16,165 Mil. Therefore, Forest Water Environmental Eng'g Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.58.


Forest Water Environmental Eng'g Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Forest Water Environmental Eng'g 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.

Forest Water Environmental Eng'g Co Scaled Net Operating Assets Chart

Forest Water Environmental Eng'g 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 0.67 0.69 0.67 0.65 0.59

Forest Water Environmental Eng'g 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 0.67 0.68 0.64 0.62 0.58

TPE:8473 vs WM, RSG, WCN: Scaled Net Operating Assets Comparison

For the Waste Management subindustry, Forest Water Environmental Eng'g 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.


Forest Water Environmental Eng'g Co Scaled Net Operating Assets vs Waste Management Industry

For the Waste Management industry and Industrials sector, Forest Water Environmental Eng'g Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Forest Water Environmental Eng'g Co's Scaled Net Operating Assets falls into.


TPE:8473
79GF Score
Forest Water Environmental Eng'g Co Ltd TPE:8473
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Forest Water Environmental Eng'g 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.

Forest Water Environmental Eng'g 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 )
=(12210.388-2904.538)/15678.647
=0.59

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=16691.998 - 4481.61
=12210.388

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8482.97 - 2865.216 - 2713.216
=2904.538

Forest Water Environmental Eng'g 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 )
=(12210.388-2904.538)/16164.628
=0.58

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=16691.998 - 4481.61
=12210.388

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8482.97 - 2865.216 - 2713.216
=2904.538

* 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 0.58 mean?
Forest Water Environmental Eng'g Co (TPE:8473) has a Scaled Net Operating Assets of 0.58 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 Forest Water Environmental Eng'g Co and its competitors.
Is Forest Water Environmental Eng'g Co's Scaled Net Operating Assets too high?
Forest Water Environmental Eng'g Co's current Scaled Net Operating Assets is 0.58. Overall, Forest Water Environmental Eng'g Co has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Forest Water Environmental Eng'g Co's Scaled Net Operating Assets compare to WM and RSG?
Forest Water Environmental Eng'g Co's Scaled Net Operating Assets of 0.58 can be compared against companies in the Waste Management 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 Waste Management company?
A good Scaled Net Operating Assets depends on the Waste Management 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 Forest Water Environmental Eng'g Co and its competitors. Forest Water Environmental Eng'g Co's current Scaled Net Operating Assets is 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forest Water Environmental Eng'g Co stock overvalued right now?
Based on GuruFocus' analysis, Forest Water Environmental Eng'g Co (TPE:8473) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$41.94, compared to a current price of NT$48.60 — trading 15.9% above its estimated fair value. The current Scaled Net Operating Assets is 0.58. Forest Water Environmental Eng'g Co's overall GF Score™ is 79/100 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 Forest Water Environmental Eng'g Co (TPE:8473), the current Scaled Net Operating Assets is 0.58 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 Forest Water Environmental Eng'g Co (TPE:8473) Overvalued in 2026?

Based on GuruFocus' analysis, Forest Water Environmental Eng'g Co stock appears to be overvalued. The current stock price of NT$48.60 is trading 15.9% above its estimated GF Value™ of NT$41.94. GuruFocus considers Forest Water Environmental Eng'g Co to be Modestly Overvalued.

Key valuation signals for TPE:8473:

  • Scaled Net Operating Assets: 0.58
  • GF Value™: NT$41.94 vs. price of NT$48.60 (15.9% above fair value)
  • GF Score™: 79/100 with 6 warning signs

No single metric tells the full story. See the TPE:8473 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Forest Water Environmental Eng'g Co Business Description

Address Number 99 Jilin Road, 3rd Floor, Zhongshan District, Taipei, TWN
Forest Water Environmental Eng'g Co Ltd is engaged includes engineering projects for environmental protection, sewage treatment, waste treatment and recycling, and the recycling and decomposition of compostable food waste. It also provides the construction of a water purification plant, the construction of a sewage treatment plant in the scientific industrial park, and the construction of a sewage treatment plant.
79GF Score

Get the complete analysis for TPE:8473

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

NT$48.60
Price
NT$41.94
GF Value