Hsin BA Ba (TPE:9906) Scaled Net Operating Assets: 0.87 (As of Dec. 2025)


TPE:9906 Hsin BA Ba Corp TPE:9906
62 GF Score
Price NT$41.35
GF Value NT$23.27
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Hsin BA Ba Scaled Net Operating Assets?

Hsin BA Ba TPE:9906 62 Scaled Net Operating Assets is 0.87 as of Dec. 2025. GuruFocus rates TPE:9906 with a GF Score™ of 62/100 and a GF Value™ of NT$23.27 (Significantly Overvalued). The stock has 8 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.

Hsin BA Ba's operating assets for the quarter that ended in Dec. 2025 was NT$8,553 Mil. Hsin BA Ba's operating liabilities for the quarter that ended in Dec. 2025 was NT$650 Mil. Hsin BA Ba's Total Assets for the quarter that ended in Sep. 2025 was NT$9,047 Mil. Therefore, Hsin BA Ba's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.87.


Hsin BA Ba Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Hsin BA Ba'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.

Hsin BA Ba Scaled Net Operating Assets Chart

Hsin BA Ba 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 1.00 0.78 0.73 0.67 0.88

Hsin BA Ba 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 0.68 0.73 0.77 0.90 0.87

TPE:9906 vs PWR, FIX, EME: Scaled Net Operating Assets Comparison

For the Engineering & Construction subindustry, Hsin BA Ba'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.


Hsin BA Ba Scaled Net Operating Assets vs Construction Industry

For the Construction industry and Industrials sector, Hsin BA Ba's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Hsin BA Ba's Scaled Net Operating Assets falls into.


TPE:9906
62GF Score
Hsin BA Ba Corp TPE:9906
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Hsin BA Ba 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.

Hsin BA Ba'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 )
=(8553.231-650.06)/8942.986
=0.88

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=8892.359 - 339.128
=8553.231

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7546.215 - 1555.898 - 5340.257
=650.06

Hsin BA Ba'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 )
=(8553.231-650.06)/9046.651
=0.87

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=8892.359 - 339.128
=8553.231

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7546.215 - 1555.898 - 5340.257
=650.06

* 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 0.87 mean?
Hsin BA Ba (TPE:9906) has a Scaled Net Operating Assets of 0.87 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 Hsin BA Ba and its competitors.
Is Hsin BA Ba's Scaled Net Operating Assets too high?
Hsin BA Ba's current Scaled Net Operating Assets is 0.87. Overall, Hsin BA Ba has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hsin BA Ba's Scaled Net Operating Assets compare to PWR and FIX?
Hsin BA Ba's Scaled Net Operating Assets of 0.87 can be compared against companies in the Construction 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 Construction company?
A good Scaled Net Operating Assets depends on the Construction 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 Hsin BA Ba and its competitors. Hsin BA Ba's current Scaled Net Operating Assets is 0.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hsin BA Ba stock overvalued right now?
Based on GuruFocus' analysis, Hsin BA Ba (TPE:9906) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$23.27, compared to a current price of NT$41.35 — trading 77.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.87. Hsin BA Ba's overall GF Score™ is 62/100 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 Hsin BA Ba (TPE:9906), the current Scaled Net Operating Assets is 0.87 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 Hsin BA Ba (TPE:9906) Overvalued in 2026?

Based on GuruFocus' analysis, Hsin BA Ba stock appears to be overvalued. The current stock price of NT$41.35 is trading 77.7% above its estimated GF Value™ of NT$23.27. GuruFocus considers Hsin BA Ba to be Significantly Overvalued.

Key valuation signals for TPE:9906:

  • Scaled Net Operating Assets: 0.87
  • GF Value™: NT$23.27 vs. price of NT$41.35 (77.7% above fair value)
  • GF Score™: 62/100 with 8 warning signs

No single metric tells the full story. See the TPE:9906 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hsin BA Ba Business Description

Address No.6, Minquan 2nd Road, 27th floor, Qianzhen District, Kaohsiung City, TWN, 80661
Hsin BA Ba Corp is engaged in designing, planning, and selling commercial and residential buildings. It also provides interior designing services and construction contracting services.
62GF Score

Get the complete analysis for TPE:9906

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

NT$41.35
Price
NT$23.27
GF Value