TTM Technologies (MEX:TTMI) Scaled Net Operating Assets: 0.65 (As of Mar. 2026)


MEX:TTMI TTM Technologies Inc MEX:TTMI
50 GF Score
Price MXN3,538.60
GF Value MXN676.50
Valuation Significantly Overvalued
! 2 Warning Signs
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What is TTM Technologies Scaled Net Operating Assets?

TTM Technologies MEX:TTMI 50 Scaled Net Operating Assets is 0.65 as of Mar. 2026. GuruFocus rates MEX:TTMI with a GF Score™ of 50/100 and a GF Value™ of MXN676.50 (Significantly Overvalued). 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.

TTM Technologies's operating assets for the quarter that ended in Mar. 2026 was MXN64,394 Mil. TTM Technologies's operating liabilities for the quarter that ended in Mar. 2026 was MXN19,729 Mil. TTM Technologies's Total Assets for the quarter that ended in Dec. 2025 was MXN69,148 Mil. Therefore, TTM Technologies's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.65.


TTM Technologies Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for TTM Technologies'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.

TTM Technologies Scaled Net Operating Assets Chart

TTM Technologies 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 0.67 0.66 0.55 0.77 0.57

TTM Technologies 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 0.62 0.59 0.61 0.60 0.65

MEX:TTMI vs FN, VICR, SANM: Scaled Net Operating Assets Comparison

For the Electronic Components subindustry, TTM Technologies'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.


TTM Technologies Scaled Net Operating Assets vs Hardware Industry

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

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


MEX:TTMI
50GF Score
TTM Technologies Inc MEX:TTMI
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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TTM Technologies 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.

TTM Technologies'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 )
=(60122.779-18899.953)/72421.293
=0.57

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=69147.848 - 9025.069
=60122.779

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=37417.249 - 18288.191 - 229.105
=18899.953

TTM Technologies'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 )
=(64394.429-19728.874)/69147.848
=0.65

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=71788.72 - 7394.291
=64394.429

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=38650.73 - 18667.974 - 253.882
=19728.874

* 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 0.65 mean?
TTM Technologies (MEX:TTMI) has a Scaled Net Operating Assets of 0.65 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 TTM Technologies and its competitors.
Is TTM Technologies' Scaled Net Operating Assets too high?
TTM Technologies' current Scaled Net Operating Assets is 0.65. Overall, TTM Technologies has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TTM Technologies' Scaled Net Operating Assets compare to FN and VICR?
TTM Technologies' Scaled Net Operating Assets of 0.65 can be compared against companies in the Hardware 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 Hardware company?
A good Scaled Net Operating Assets depends on the Hardware 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 TTM Technologies and its competitors. TTM Technologies's current Scaled Net Operating Assets is 0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TTM Technologies stock overvalued right now?
Based on GuruFocus' analysis, TTM Technologies (MEX:TTMI) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN676.50, compared to a current price of MXN3,538.60 — trading 423.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.65. TTM Technologies' overall GF Score™ is 50/100 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 TTM Technologies (MEX:TTMI), the current Scaled Net Operating Assets is 0.65 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 TTM Technologies (MEX:TTMI) Overvalued in 2026?

Based on GuruFocus' analysis, TTM Technologies stock appears to be overvalued. The current stock price of MXN3,538.60 is trading 423.1% above its estimated GF Value™ of MXN676.50. GuruFocus considers TTM Technologies to be Significantly Overvalued.

Key valuation signals for MEX:TTMI:

  • Scaled Net Operating Assets: 0.65
  • GF Value™: MXN676.50 vs. price of MXN3,538.60 (423.1% above fair value)
  • GF Score™: 50/100 with 2 warning signs

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


TTM Technologies Business Description

Address 200 East Sandpointe, Suite 400, Santa Ana, CA, USA, 92707
TTM Technologies Inc manufactures technology products, including mission systems, RF components, RF/microwave assemblies, and advanced interconnect products such as PCBs and substrates. It operates through three segments: A&D, Commercial, and RF&S Components. The A&D segment supports aerospace and defense missions with PCBs, assemblies, microelectronics, and integrated systems. The Commercial segment, generating the majority of revenue, serves automotive, medical, industrial, and data center markets. The RF&S Components segment provides TTM-designed RF components and COTS products. The Company's revenues come from PCBs, engineered systems, and long-term contracts for intelligence, surveillance, and communications solutions.
50GF 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.

MXN3,538.60
Price
MXN676.50
GF Value