Taiwan Acceptance (TPE:9941) Scaled Net Operating Assets: 0.88 (As of Dec. 2025)


TPE:9941 Taiwan Acceptance Corp TPE:9941
63 GF Score
Price NT$80.90
GF Value NT$223.44
Valuation Possible Value Trap
! 5 Warning Signs
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What is Taiwan Acceptance Scaled Net Operating Assets?

Taiwan Acceptance TPE:9941 -0.49% 63 Scaled Net Operating Assets is 0.88 as of Dec. 2025. GuruFocus rates TPE:9941 with a GF Score™ of 63/100 and a GF Value™ of NT$223.44 (Possible Value Trap). 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.

Taiwan Acceptance's operating assets for the quarter that ended in Dec. 2025 was NT$273,054 Mil. Taiwan Acceptance's operating liabilities for the quarter that ended in Dec. 2025 was NT$23,459 Mil. Taiwan Acceptance's Total Assets for the quarter that ended in Sep. 2025 was NT$283,170 Mil. Therefore, Taiwan Acceptance's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.88.


Taiwan Acceptance Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Taiwan Acceptance'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 Acceptance Scaled Net Operating Assets Chart

Taiwan Acceptance 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 1.02 1.06 0.97 0.86 0.86

Taiwan Acceptance 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 0.88 0.88 0.86 0.88 0.88

TPE:9941 vs V, MA, AXP: Scaled Net Operating Assets Comparison

For the Credit Services subindustry, Taiwan Acceptance'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 Acceptance Scaled Net Operating Assets vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Taiwan Acceptance's Scaled Net Operating Assets distribution charts can be found below:

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


TPE:9941
63GF Score
Taiwan Acceptance Corp TPE:9941
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Taiwan Acceptance 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 Acceptance'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 )
=(273054.403-23459.487)/290339.849
=0.86

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=284604.287 - 11549.884
=273054.403

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=243683.856 - 6067.289 - 214157.08
=23459.487

Taiwan Acceptance'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 )
=(273054.403-23459.487)/283170.257
=0.88

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=284604.287 - 11549.884
=273054.403

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=243683.856 - 6067.289 - 214157.08
=23459.487

* 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 0.88 mean?
Taiwan Acceptance (TPE:9941) has a Scaled Net Operating Assets of 0.88 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 Acceptance and its competitors.
Is Taiwan Acceptance's Scaled Net Operating Assets too high?
Taiwan Acceptance's current Scaled Net Operating Assets is 0.88. Overall, Taiwan Acceptance has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Taiwan Acceptance's Scaled Net Operating Assets compare to V and MA?
Taiwan Acceptance's Scaled Net Operating Assets of 0.88 can be compared against companies in the Credit 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 Credit Services company?
A good Scaled Net Operating Assets depends on the Credit 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 Taiwan Acceptance and its competitors. Taiwan Acceptance's current Scaled Net Operating Assets is 0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Acceptance stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Acceptance (TPE:9941) is currently considered Possible Value Trap. The stock's GF Value™ is NT$223.44, compared to a current price of NT$80.90 — trading 63.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.88. Taiwan Acceptance's overall GF Score™ is 63/100 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 Taiwan Acceptance (TPE:9941), the current Scaled Net Operating Assets is 0.88 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 Acceptance (TPE:9941) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Acceptance stock appears to be undervalued. The current stock price of NT$80.90 is trading 63.8% below its estimated GF Value™ of NT$223.44. GuruFocus considers Taiwan Acceptance to be Possible Value Trap.

Key valuation signals for TPE:9941:

  • Scaled Net Operating Assets: 0.88
  • GF Value™: NT$223.44 vs. price of NT$80.90 (63.8% below fair value)
  • GF Score™: 63/100 with 5 warning signs

No single metric tells the full story. See the TPE:9941 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Acceptance Business Description

Other Exchanges 9941A.PFD:Taiwan
Address Section 2, Dunhua South Road, No. 2, 15th Floor, Da\'an District, Taipei, TWN
Taiwan Acceptance Corp mainly focuses on accounts receivable purchasing, installment accounts sales, and the equipment leasing business, which is related to products such as various vehicles, equipment, consumer goods, and power generation business. The Group's reportable segments are: Leasing, which generates the maximum revenue, and Financing. Geographically, it derives maximum revenue from Taiwan, followed by China, and other overseas markets.
63GF Score

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

NT$80.90
Price
NT$223.44
GF Value