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Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
MiniMax Group's operating assets for the quarter that ended in Dec. 2025 was €109.71 Mil. MiniMax Group's operating liabilities for the quarter that ended in Dec. 2025 was €3,159.10 Mil. MiniMax Group's Total Assets for the quarter that ended in Sep. 2025 was €965.39 Mil. Therefore, MiniMax Group's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was -3.16.
MiniMax Group Scaled Net Operating Assets Related Terms
MiniMax Group Scaled Net Operating Assets Historical Data
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The historical data trend for MiniMax Group'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.
MiniMax Group Scaled Net Operating Assets Chart
MiniMax Group Annual Data
Trend
Dec22
Dec23
Dec24
Dec25
Scaled Net Operating Assets
-1.98
-8.57
-4.89
-3.51
MiniMax Group Quarterly Data
Dec22
Dec23
Dec24
Sep25
Dec25
Scaled Net Operating Assets
-1.98
-8.57
-4.89
-2.24
-3.16
FRA:E5A vs MSFT, ORCL, PLTR: Scaled Net Operating Assets Comparison
For the Software - Infrastructure subindustry, MiniMax Group'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.
MiniMax Group Scaled Net Operating Assets vs Software Industry
For the Software industry and Technology sector, MiniMax Group's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where MiniMax Group's Scaled Net Operating Assets falls into.
* 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 -3.16 mean?
MiniMax Group (FRA:E5A) has a Scaled Net Operating Assets of -3.16 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 MiniMax Group and its competitors.
Is MiniMax Group's Scaled Net Operating Assets too high?
MiniMax Group's current Scaled Net Operating Assets is -3.16. Overall, MiniMax Group has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does MiniMax Group's Scaled Net Operating Assets compare to MSFT and ORCL?
MiniMax Group's Scaled Net Operating Assets of -3.16 can be compared against companies in the Software 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 Software company?
A good Scaled Net Operating Assets depends on the Software 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 MiniMax Group and its competitors. MiniMax Group's current Scaled Net Operating Assets is -3.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MiniMax Group stock overvalued right now?
MiniMax Group (FRA:E5A) has a current Scaled Net Operating Assets of -3.16. The current Scaled Net Operating Assets is -3.16. MiniMax Group's overall GF Score™ is 16/100 with 2 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 MiniMax Group (FRA:E5A), the current Scaled Net Operating Assets is -3.16 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.
MiniMax Group Inc is a AI foundation model company. It is committed to driving AI innovation towards performing the full range of human intellectual tasks, from learning and reasoning to planning and generalizing knowledge across diverse domains. Its proprietary foundation model suite, led by MiniMax-M2, Hailuo-02, and Speech-02, has long context processing capacity and can understand, generate, and integrate a wide range of modalities, including text, video, and audio. These models power its AI-native products - including MiniMax, Hailuo AI, MiniMax Audio, Talkie/Xingye, and its enterprise and developer-facing Open Platform, delivering intelligent and dynamic experiences to users globally.
16GF Score
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