Choice Development (TPE:9929) Scaled Net Operating Assets: 0.70 (As of Dec. 2025)


TPE:9929 Choice Development Inc TPE:9929
74 GF Score
Price NT$11.20
GF Value NT$14.50
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Choice Development Scaled Net Operating Assets?

Choice Development TPE:9929 +0.90% 74 Scaled Net Operating Assets is 0.70 as of Dec. 2025. GuruFocus rates TPE:9929 with a GF Score™ of 74/100 and a GF Value™ of NT$14.50 (Modestly Undervalued). 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.

Choice Development's operating assets for the quarter that ended in Dec. 2025 was NT$1,493.1 Mil. Choice Development's operating liabilities for the quarter that ended in Dec. 2025 was NT$236.8 Mil. Choice Development's Total Assets for the quarter that ended in Sep. 2025 was NT$1,791.3 Mil. Therefore, Choice Development's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.70.


Choice Development Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Choice Development'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.

Choice Development Scaled Net Operating Assets Chart

Choice Development 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 0.71 0.42 1.07 0.62 0.63

Choice Development 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 0.67 0.70 0.69 0.70

TPE:9929 vs CTAS, CPRT, ULS: Scaled Net Operating Assets Comparison

For the Specialty Business Services subindustry, Choice Development'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.


Choice Development Scaled Net Operating Assets vs Business Services Industry

For the Business Services industry and Industrials sector, Choice Development's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Choice Development's Scaled Net Operating Assets falls into.


TPE:9929
74GF Score
Choice Development Inc TPE:9929
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Choice Development 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.

Choice Development'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 )
=(1493.094-236.831)/1999.699
=0.63

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1832.213 - 339.119
=1493.094

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1023.922 - 646.564 - 140.527
=236.831

Choice Development'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 )
=(1493.094-236.831)/1791.266
=0.70

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1832.213 - 339.119
=1493.094

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1023.922 - 646.564 - 140.527
=236.831

* 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 0.70 mean?
Choice Development (TPE:9929) has a Scaled Net Operating Assets of 0.70 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 Choice Development and its competitors.
Is Choice Development's Scaled Net Operating Assets too high?
Choice Development's current Scaled Net Operating Assets is 0.70. Overall, Choice Development has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Choice Development's Scaled Net Operating Assets compare to CTAS and CPRT?
Choice Development's Scaled Net Operating Assets of 0.70 can be compared against companies in the Business Services 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 Business Services company?
A good Scaled Net Operating Assets depends on the Business Services 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 Choice Development and its competitors. Choice Development's current Scaled Net Operating Assets is 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Choice Development stock overvalued right now?
Based on GuruFocus' analysis, Choice Development (TPE:9929) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$14.50, compared to a current price of NT$11.20 — trading 22.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.70. Choice Development's overall GF Score™ is 74/100 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 Choice Development (TPE:9929), the current Scaled Net Operating Assets is 0.70 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 Choice Development (TPE:9929) Overvalued in 2026?

Based on GuruFocus' analysis, Choice Development stock appears to be undervalued. The current stock price of NT$11.20 is trading 22.8% below its estimated GF Value™ of NT$14.50. GuruFocus considers Choice Development to be Modestly Undervalued.

Key valuation signals for TPE:9929:

  • Scaled Net Operating Assets: 0.70
  • GF Value™: NT$14.50 vs. price of NT$11.20 (22.8% below fair value)
  • GF Score™: 74/100 with 6 warning signs

No single metric tells the full story. See the TPE:9929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Choice Development Business Description

Address Civic Boulevard, 9th Floor, No. 288, Section 6, Yongji Village, Xinyi District, Taipei, TWN, 10565
Choice Development Inc is engaged in printing, packaging material production, photography, plate making, binding, planning and design, and medical equipment retailing. The company's operating segments are the Printing, Advertising, Innovation, and Development. The majority of its revenue is generated from the Printing department.
74GF Score

Get the complete analysis for TPE:9929

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

NT$11.20
Price
NT$14.50
GF Value