ENZN (Viskase Holdings) Scaled Net Operating Assets: 0.72 (As of Dec. 2025)

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ENZN Viskase Holdings Inc ENZN
40 GF Score
Price $4.21
GF Value $13.64
Valuation Possible Value Trap
! 4 Warning Signs
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What is Viskase Holdings Scaled Net Operating Assets?

Viskase Holdings ENZN -4.43% 40 Scaled Net Operating Assets is 0.72 as of Dec. 2025. GuruFocus rates ENZN with a GF Score™ of 40/100 and a GF Value™ of $13.64 (Possible Value Trap). 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.

Viskase Holdings's operating assets for the quarter that ended in Dec. 2025 was $392.9 Mil. Viskase Holdings's operating liabilities for the quarter that ended in Dec. 2025 was $93.8 Mil. Viskase Holdings's Total Assets for the quarter that ended in Jun. 2025 was $414.2 Mil. Therefore, Viskase Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.72.


Viskase Holdings Scaled Net Operating Assets Historical Data

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The historical data trend for Viskase Holdings'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.

Viskase Holdings Scaled Net Operating Assets Chart

Viskase Holdings Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.70 0.62 0.00 0.00 0.00

Viskase Holdings Semi-Annual Data
Dec10 Jun11 Dec11 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun24 Dec24 Jun25 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 0.58 0.00 0.00 0.00 0.72

ENZN vs MGIH, GFLT, YHGJ: Scaled Net Operating Assets Comparison

For the Packaging & Containers subindustry, Viskase Holdings'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.


Viskase Holdings Scaled Net Operating Assets vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Viskase Holdings's Scaled Net Operating Assets distribution charts can be found below:

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


ENZN
40GF Score
Viskase Holdings Inc ENZN
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Viskase Holdings 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.

Viskase Holdings'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 )
=(392.925-93.778)/0
=N/A

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=402.142 - 9.217
=392.925

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=257.782 - 18.111 - 145.893
=93.778

Viskase Holdings'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: Jun. 2025 )
=(392.925-93.778)/414.241
=0.72

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=402.142 - 9.217
=392.925

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=257.782 - 18.111 - 145.893
=93.778

* 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 0.72 mean?
Viskase Holdings (ENZN) has a Scaled Net Operating Assets of 0.72 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 Viskase Holdings and its competitors.
Is Viskase Holdings' Scaled Net Operating Assets too high?
Viskase Holdings' current Scaled Net Operating Assets is 0.72. Overall, Viskase Holdings has a GF Score™ of 40/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Viskase Holdings' Scaled Net Operating Assets compare to MGIH and GFLT?
Viskase Holdings' Scaled Net Operating Assets of 0.72 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 Viskase Holdings and its competitors. Viskase Holdings's current Scaled Net Operating Assets is 0.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Viskase Holdings stock overvalued right now?
Based on GuruFocus' analysis, Viskase Holdings (ENZN) is currently considered Possible Value Trap. The stock's GF Value™ is $13.64, compared to a current price of $4.21 — trading 69.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.72. Viskase Holdings' overall GF Score™ is 40/100 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 Viskase Holdings (ENZN), the current Scaled Net Operating Assets is 0.72 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 Viskase Holdings (ENZN) Overvalued in 2026?

Based on GuruFocus' analysis, Viskase Holdings stock appears to be undervalued. The current stock price of $4.21 is trading 69.2% below its estimated GF Value™ of $13.64. GuruFocus considers Viskase Holdings to be Possible Value Trap.

Key valuation signals for ENZN:

  • Scaled Net Operating Assets: 0.72
  • GF Value™: $13.64 vs. price of $4.21 (69.2% below fair value)
  • GF Score™: 40/100 with 4 warning signs

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


Viskase Holdings Business Description

Address 333 East Butterfield Road, Suite 400, Lombard, IL, USA, 60148-5679
Viskase Holdings Inc operates as the parent of Viskase Companies, LLC. It produces non-edible cellulosic, fibrous, and plastic casings used in the preparation and packaging of processed meat and poultry products. It also provides product-related support services to its customers, including consumer goods companies.
40GF 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.

$4.21
Price
$13.64
GF Value