Feng Tay Enterprises Co (TPE:9910) Scaled Net Operating Assets: 0.56 (As of Dec. 2025)


TPE:9910 Feng Tay Enterprises Co Ltd TPE:9910
77 GF Score
Price NT$68.60
GF Value NT$135.08
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Feng Tay Enterprises Co Scaled Net Operating Assets?

Feng Tay Enterprises Co TPE:9910 +3.16% 77 Scaled Net Operating Assets is 0.56 as of Dec. 2025. GuruFocus rates TPE:9910 with a GF Score™ of 77/100 and a GF Value™ of NT$135.08 (Significantly Undervalued). The stock has 5 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.

Feng Tay Enterprises Co's operating assets for the quarter that ended in Dec. 2025 was NT$47,400 Mil. Feng Tay Enterprises Co's operating liabilities for the quarter that ended in Dec. 2025 was NT$18,440 Mil. Feng Tay Enterprises Co's Total Assets for the quarter that ended in Sep. 2025 was NT$51,365 Mil. Therefore, Feng Tay Enterprises Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.56.


Feng Tay Enterprises Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Feng Tay Enterprises 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.

Feng Tay Enterprises Co Scaled Net Operating Assets Chart

Feng Tay Enterprises 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 0.57 0.53 0.54 0.61 0.53

Feng Tay Enterprises 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 0.59 0.61 0.44 0.57 0.56

TPE:9910 vs NKE, DECK, ONON: Scaled Net Operating Assets Comparison

For the Footwear & Accessories subindustry, Feng Tay Enterprises 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.


Feng Tay Enterprises Co Scaled Net Operating Assets vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Feng Tay Enterprises Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Feng Tay Enterprises Co's Scaled Net Operating Assets falls into.


TPE:9910
77GF Score
Feng Tay Enterprises Co Ltd TPE:9910
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Feng Tay Enterprises 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.

Feng Tay Enterprises 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 )
=(47399.658-18439.812)/54392.782
=0.53

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=52690.99 - 5291.332
=47399.658

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=24865.916 - 3621.603 - 2804.501
=18439.812

Feng Tay Enterprises 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 )
=(47399.658-18439.812)/51365.337
=0.56

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=52690.99 - 5291.332
=47399.658

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=24865.916 - 3621.603 - 2804.501
=18439.812

* 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 0.56 mean?
Feng Tay Enterprises Co (TPE:9910) has a Scaled Net Operating Assets of 0.56 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 Feng Tay Enterprises Co and its competitors.
Is Feng Tay Enterprises Co's Scaled Net Operating Assets too high?
Feng Tay Enterprises Co's current Scaled Net Operating Assets is 0.56. Overall, Feng Tay Enterprises Co has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Feng Tay Enterprises Co's Scaled Net Operating Assets compare to NKE and DECK?
Feng Tay Enterprises Co's Scaled Net Operating Assets of 0.56 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Scaled Net Operating Assets depends on the Manufacturing - Apparel & Accessories 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 Feng Tay Enterprises Co and its competitors. Feng Tay Enterprises Co's current Scaled Net Operating Assets is 0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Feng Tay Enterprises Co stock overvalued right now?
Based on GuruFocus' analysis, Feng Tay Enterprises Co (TPE:9910) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$135.08, compared to a current price of NT$68.60 — trading 49.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.56. Feng Tay Enterprises Co's overall GF Score™ is 77/100 with 5 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 Feng Tay Enterprises Co (TPE:9910), the current Scaled Net Operating Assets is 0.56 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 Feng Tay Enterprises Co (TPE:9910) Overvalued in 2026?

Based on GuruFocus' analysis, Feng Tay Enterprises Co stock appears to be undervalued. The current stock price of NT$68.60 is trading 49.2% below its estimated GF Value™ of NT$135.08. GuruFocus considers Feng Tay Enterprises Co to be Significantly Undervalued.

Key valuation signals for TPE:9910:

  • Scaled Net Operating Assets: 0.56
  • GF Value™: NT$135.08 vs. price of NT$68.60 (49.2% below fair value)
  • GF Score™: 77/100 with 5 warning signs

No single metric tells the full story. See the TPE:9910 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Feng Tay Enterprises Co Business Description

Address No. 52 Kegong 8th Road, Yunlin County, Douliou, TWN, 640111
Feng Tay Enterprises Co Ltd is a manufacturer specialized in athletic shoes. Other business activities include developing and producing casual shoes, inline skates, ice skates, ski boots, cycling shoes, golf balls, soccer balls, backpack and handbags, ice hockey helmets and sticks, footwear accessories, as well as shoe molds and tools. The company's operating segments includes footwear manufacturing and sales and others segment, the geographical presence of business is in Singapore, America, Vietnam, Switzerland, Mainland China, Mexico, India, Italy and Other countries out of which the company generates majority of its revenue from Singapore.
77GF Score

Get the complete analysis for TPE:9910

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

NT$68.60
Price
NT$135.08
GF Value