Microchip Technology (FRA:MCP) Scaled Net Operating Assets: 0.83 (As of Mar. 2026)


FRA:MCP Microchip Technology Inc FRA:MCP
74 GF Score
Price €80.72
GF Value €53.71
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Microchip Technology Scaled Net Operating Assets?

Microchip Technology FRA:MCP -4.53% 74 Scaled Net Operating Assets is 0.83 as of Mar. 2026. GuruFocus rates FRA:MCP with a GF Score™ of 74/100 and a GF Value™ of €53.71 (Significantly Overvalued). 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.

Microchip Technology's operating assets for the quarter that ended in Mar. 2026 was €12,222 Mil. Microchip Technology's operating liabilities for the quarter that ended in Mar. 2026 was €2,078 Mil. Microchip Technology's Total Assets for the quarter that ended in Dec. 2025 was €12,234 Mil. Therefore, Microchip Technology's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.83.


Microchip Technology Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Microchip Technology'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.

Microchip Technology Scaled Net Operating Assets Chart

Microchip Technology Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.87 0.81 0.74 0.76 0.71

Microchip Technology Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.74 0.72 0.78 0.81 0.83

FRA:MCP vs CRDO, GFS, CBRS: Scaled Net Operating Assets Comparison

For the Semiconductors subindustry, Microchip Technology'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.


Microchip Technology Scaled Net Operating Assets vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Microchip Technology's Scaled Net Operating Assets distribution charts can be found below:

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


FRA:MCP
74GF Score
Microchip Technology Inc FRA:MCP
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Microchip Technology 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.

Microchip Technology's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(12222.277-2078.162)/14221.505
=0.71

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=12430.136 - 207.859
=12222.277

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6866.11 - 4754.386 - 33.562
=2078.162

Microchip Technology's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(12222.277-2078.162)/12233.977
=0.83

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=12430.136 - 207.859
=12222.277

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6866.11 - 4754.386 - 33.562
=2078.162

* 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?
Microchip Technology (FRA:MCP) has a Scaled Net Operating Assets of 0.83 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Microchip Technology and its competitors.
Is Microchip Technology's Scaled Net Operating Assets too high?
Microchip Technology's current Scaled Net Operating Assets is 0.83. Overall, Microchip Technology has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Microchip Technology's Scaled Net Operating Assets compare to CRDO and GFS?
Microchip Technology's Scaled Net Operating Assets of 0.83 can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Scaled Net Operating Assets depends on the Semiconductors 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 Microchip Technology and its competitors. Microchip Technology'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 Microchip Technology stock overvalued right now?
Based on GuruFocus' analysis, Microchip Technology (FRA:MCP) is currently considered Significantly Overvalued. The stock's GF Value™ is €53.71, compared to a current price of €80.72 — trading 50.3% above its estimated fair value. The current Scaled Net Operating Assets is 0.83. Microchip Technology'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 Microchip Technology (FRA:MCP), the current Scaled Net Operating Assets is 0.83 as of Mar. 2026. 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 Microchip Technology (FRA:MCP) Overvalued in 2026?

Based on GuruFocus' analysis, Microchip Technology stock appears to be overvalued. The current stock price of €80.72 is trading 50.3% above its estimated GF Value™ of €53.71. GuruFocus considers Microchip Technology to be Significantly Overvalued.

Key valuation signals for FRA:MCP:

  • Scaled Net Operating Assets: 0.83
  • GF Value™: €53.71 vs. price of €80.72 (50.3% above fair value)
  • GF Score™: 74/100 with 6 warning signs

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


Microchip Technology Business Description

Address 2355 W. Chandler Boulevard, Chandler, AZ, USA, 85224-6199
Microchip Technology became an independent company in 1989 when it was spun off from General Instrument. More than half of revenue comes from MCUs, which are used in a wide array of electronic devices from remote controls to garage door openers to power windows in autos. The company's strength lies in lower-end 8-bit MCUs that are suitable for a wider range of less technologically advanced devices, but the firm has expanded its presence in higher-end MCUs and analog chips as well.
74GF Score

Get the complete analysis for FRA:MCP

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

€80.72
Price
€53.71
GF Value