MCHX (Marchex) Scaled Net Operating Assets: 0.51 (As of Mar. 2026)


MCHX Marchex Inc MCHX
55 GF Score
Price $1.70
GF Value $1.57
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Marchex Scaled Net Operating Assets?

Marchex MCHX +5.59% 55 Scaled Net Operating Assets is 0.51 as of Mar. 2026. GuruFocus rates MCHX with a GF Score™ of 55/100 and a GF Value™ of $1.57 (Fairly Valued). The stock has 2 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.

Marchex's operating assets for the quarter that ended in Mar. 2026 was $29.53 Mil. Marchex's operating liabilities for the quarter that ended in Mar. 2026 was $9.12 Mil. Marchex's Total Assets for the quarter that ended in Dec. 2025 was $39.68 Mil. Therefore, Marchex's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.51.

Marchex Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Marchex'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.

Marchex Scaled Net Operating Assets Chart

Marchex 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 0.36 0.38 0.41 0.44 0.48

Marchex 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 0.52 0.55 0.53 0.51 0.51

MCHX vs TJGC, SWAG, FLNT: Scaled Net Operating Assets Comparison

For the Advertising Agencies subindustry, Marchex'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.

Marchex Scaled Net Operating Assets vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Marchex's Scaled Net Operating Assets distribution charts can be found below:

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


MCHX
55GF Score
Marchex Inc MCHX
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Marchex 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.

Marchex'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 )
=(29.738-8.874)/43.2
=0.48

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=39.68 - 9.942
=29.738

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9.595 - 0.366 - 0.355
=8.874

Marchex'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 )
=(29.527-9.116)/39.68
=0.51

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=38.546 - 9.019
=29.527

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9.694 - 0.205 - 0.373
=9.116

* 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 0.51 mean?
Marchex (MCHX) has a Scaled Net Operating Assets of 0.51 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 Marchex and its competitors.
Is Marchex's Scaled Net Operating Assets too high?
Marchex's current Scaled Net Operating Assets is 0.51. Overall, Marchex has a GF Score™ of 55/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Marchex's Scaled Net Operating Assets compare to TJGC and SWAG?
Marchex's Scaled Net Operating Assets of 0.51 can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good Scaled Net Operating Assets depends on the Media - Diversified 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 Marchex and its competitors. Marchex's current Scaled Net Operating Assets is 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marchex stock overvalued right now?
Based on GuruFocus' analysis, Marchex (MCHX) is currently considered Fairly Valued. The stock's GF Value™ is $1.57, compared to a current price of $1.70 — trading 8.3% above its estimated fair value. The current Scaled Net Operating Assets is 0.51. Marchex's overall GF Score™ is 55/100 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 Marchex (MCHX), the current Scaled Net Operating Assets is 0.51 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 Marchex (MCHX) Overvalued in 2026?

Based on GuruFocus' analysis, Marchex stock appears to be overvalued. The current stock price of $1.70 is trading 8.3% above its estimated GF Value™ of $1.57. GuruFocus considers Marchex to be Fairly Valued.

Key valuation signals for MCHX:

  • Scaled Net Operating Assets: 0.51
  • GF Value™: $1.57 vs. price of $1.70 (8.3% above fair value)
  • GF Score™: 55/100 with 2 warning signs

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

Marchex Business Description

Address 1200 5th Avenue, Suite 1300, Seattle, WA, USA, 98101
Marchex Inc provides AI-based conversational intelligence and analytics solutions that generate insights from customer communications data. The company's products support sales, marketing, and executive teams in analyzing customer interactions across communication channels and informing business decisions. It serves companies operating in business-to-business-to-consumer (B2B2C) markets across multiple industries like automotive, home services, healthcare, real estate, and advertising. The company operates in a single segment: conversational analytics and related solutions. The company generates the majority of revenue from its conversational intelligence product offerings. Geographically, it generates the maximum revenue from the United States.
55GF Score

Get the complete analysis for MCHX

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

$1.70
Price
$1.57
GF Value