Taiwan Hon Chuan Enterprise Co (TPE:9939) Scaled Net Operating Assets: 0.83 (As of Dec. 2025)


TPE:9939 Taiwan Hon Chuan Enterprise Co Ltd TPE:9939
88 GF Score
Price NT$118.00
GF Value NT$147.28
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Taiwan Hon Chuan Enterprise Co Scaled Net Operating Assets?

Taiwan Hon Chuan Enterprise Co TPE:9939 -7.45% 88 Scaled Net Operating Assets is 0.83 as of Dec. 2025. GuruFocus rates TPE:9939 with a GF Score™ of 88/100 and a GF Value™ of NT$147.28 (Modestly Undervalued). The stock has 4 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.

Taiwan Hon Chuan Enterprise Co's operating assets for the quarter that ended in Dec. 2025 was NT$41,440 Mil. Taiwan Hon Chuan Enterprise Co's operating liabilities for the quarter that ended in Dec. 2025 was NT$3,456 Mil. Taiwan Hon Chuan Enterprise Co's Total Assets for the quarter that ended in Sep. 2025 was NT$45,691 Mil. Therefore, Taiwan Hon Chuan Enterprise Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.83.


Taiwan Hon Chuan Enterprise Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Taiwan Hon Chuan Enterprise 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.

Taiwan Hon Chuan Enterprise Co Scaled Net Operating Assets Chart

Taiwan Hon Chuan Enterprise 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 0.80 0.82 0.78 0.90 0.88

Taiwan Hon Chuan Enterprise 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 0.80 0.81 0.74 0.86 0.83

TPE:9939 vs SW, PKG, IP: Scaled Net Operating Assets Comparison

For the Packaging & Containers subindustry, Taiwan Hon Chuan Enterprise 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.


Taiwan Hon Chuan Enterprise Co Scaled Net Operating Assets vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Taiwan Hon Chuan Enterprise Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Taiwan Hon Chuan Enterprise Co's Scaled Net Operating Assets falls into.


TPE:9939
88GF Score
Taiwan Hon Chuan Enterprise Co Ltd TPE:9939
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Taiwan Hon Chuan Enterprise 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.

Taiwan Hon Chuan Enterprise 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 )
=(41440.128-3456.145)/43080.632
=0.88

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=46796.984 - 5356.856
=41440.128

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=26227.769 - 12129.217 - 10642.407
=3456.145

Taiwan Hon Chuan Enterprise 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 )
=(41440.128-3456.145)/45691.17
=0.83

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=46796.984 - 5356.856
=41440.128

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=26227.769 - 12129.217 - 10642.407
=3456.145

* 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 0.83 mean?
Taiwan Hon Chuan Enterprise Co (TPE:9939) has a Scaled Net Operating Assets of 0.83 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 Taiwan Hon Chuan Enterprise Co and its competitors.
Is Taiwan Hon Chuan Enterprise Co's Scaled Net Operating Assets too high?
Taiwan Hon Chuan Enterprise Co's current Scaled Net Operating Assets is 0.83. Overall, Taiwan Hon Chuan Enterprise Co has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Hon Chuan Enterprise Co's Scaled Net Operating Assets compare to SW and PKG?
Taiwan Hon Chuan Enterprise Co's Scaled Net Operating Assets of 0.83 can be compared against companies in the Packaging & Containers 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 Packaging & Containers company?
A good Scaled Net Operating Assets depends on the Packaging & Containers 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 Taiwan Hon Chuan Enterprise Co and its competitors. Taiwan Hon Chuan Enterprise Co's current Scaled Net Operating Assets is 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Hon Chuan Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Hon Chuan Enterprise Co (TPE:9939) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$147.28, compared to a current price of NT$118.00 — trading 19.9% below its estimated fair value. The current Scaled Net Operating Assets is 0.83. Taiwan Hon Chuan Enterprise Co's overall GF Score™ is 88/100 with 4 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 Taiwan Hon Chuan Enterprise Co (TPE:9939), the current Scaled Net Operating Assets is 0.83 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 Taiwan Hon Chuan Enterprise Co (TPE:9939) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Hon Chuan Enterprise Co stock appears to be undervalued. The current stock price of NT$118.00 is trading 19.9% below its estimated GF Value™ of NT$147.28. GuruFocus considers Taiwan Hon Chuan Enterprise Co to be Modestly Undervalued.

Key valuation signals for TPE:9939:

  • Scaled Net Operating Assets: 0.83
  • GF Value™: NT$147.28 vs. price of NT$118.00 (19.9% below fair value)
  • GF Score™: 88/100 with 4 warning signs

No single metric tells the full story. See the TPE:9939 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Hon Chuan Enterprise Co Business Description

Address 2nd Road, No. 6, Industrial Park, Xitun District, Taichung, TWN
Taiwan Hon Chuan Enterprise Co Ltd manufactures and sells a variety of packaging products. Its primary product categories include plastic and aluminum caps used for beverages and can liners, polyethylene terephthalate bottles used to produce water bottles, and labels for consumer products. The Group also sells tobacco and liquor packaging, as well as cigarette filters and paper. In addition, Taiwan Hon Chuan sells packaging equipment used to produce caps, bottles, labels, and fill bottles. Its reportable segments are: Foreign Subsidiaries, which generate the maximum revenue, and Domestic. Geographically, the Group generates maximum revenue from its customers in Taiwan, followed by China, Southeast Asia, and other regions.
88GF Score

Get the complete analysis for TPE:9939

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

NT$118.00
Price
NT$147.28
GF Value