Munters Group AB (MIL:1MTRS) Scaled Net Operating Assets: 0.56 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MIL:1MTRS Munters Group AB MIL:1MTRS
68 GF Score
Price €14.26
GF Value €17.60
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Munters Group AB Scaled Net Operating Assets?

Munters Group AB MIL:1MTRS 68 Scaled Net Operating Assets is 0.56 as of Jun. 2026. GuruFocus rates MIL:1MTRS with a GF Score™ of 68/100 and a GF Value™ of €17.60 (Modestly Undervalued). The stock has 5 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.

Munters Group AB's operating assets for the quarter that ended in Jun. 2026 was €1,887 Mil. Munters Group AB's operating liabilities for the quarter that ended in Jun. 2026 was €823 Mil. Munters Group AB's Total Assets for the quarter that ended in Mar. 2026 was €1,887 Mil. Therefore, Munters Group AB's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2026 was 0.56.


Munters Group AB Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Munters Group AB'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.

Munters Group AB Scaled Net Operating Assets Chart

Munters Group AB 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 0.77 0.62 0.70 0.54

Munters Group AB Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.54 0.57 0.54 0.60 0.56

MIL:1MTRS vs VLTO, ZWS, CECO: Scaled Net Operating Assets Comparison

For the Pollution & Treatment Controls subindustry, Munters Group AB'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.


Munters Group AB Scaled Net Operating Assets vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Munters Group AB's Scaled Net Operating Assets distribution charts can be found below:

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


MIL:1MTRS
68GF Score
Munters Group AB MIL:1MTRS
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Munters Group AB 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.

Munters Group AB'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 )
=(1675.746-638.008)/1910.782
=0.54

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1812.849 - 137.103
=1675.746

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1365.702 - 625.786 - 101.908
=638.008

Munters Group AB's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2026 )
=(Operating Assets (Q: Jun. 2026 )-Operating Liabilities (Q: Jun. 2026 ))/Total Assets (Q: Mar. 2026 )
=(1886.878-823.075)/1887.325
=0.56

where

Operating Assets(Q: Jun. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2017.048 - 130.17
=1886.878

Operating Liabilities(Q: Jun. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1536.503 - 633.885 - 79.543
=823.075

* 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 0.56 mean?
Munters Group AB (MIL:1MTRS) has a Scaled Net Operating Assets of 0.56 as of Jun. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Munters Group AB and its competitors.
Is Munters Group AB's Scaled Net Operating Assets too high?
Munters Group AB's current Scaled Net Operating Assets is 0.56. Overall, Munters Group AB has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Munters Group AB's Scaled Net Operating Assets compare to VLTO and ZWS?
Munters Group AB's Scaled Net Operating Assets of 0.56 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Scaled Net Operating Assets depends on the Industrial Products 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 Munters Group AB and its competitors. Munters Group AB's current Scaled Net Operating Assets is 0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Munters Group AB stock overvalued right now?
Based on GuruFocus' analysis, Munters Group AB (MIL:1MTRS) is currently considered Modestly Undervalued. The stock's GF Value™ is €17.60, compared to a current price of €14.26 — trading 19% below its estimated fair value. The current Scaled Net Operating Assets is 0.56. Munters Group AB's overall GF Score™ is 68/100 with 5 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 Munters Group AB (MIL:1MTRS), the current Scaled Net Operating Assets is 0.56 as of Jun. 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 Munters Group AB (MIL:1MTRS) Overvalued in 2026?

Based on GuruFocus' analysis, Munters Group AB stock appears to be undervalued. The current stock price of €14.26 is trading 19% below its estimated GF Value™ of €17.60. GuruFocus considers Munters Group AB to be Modestly Undervalued.

Key valuation signals for MIL:1MTRS:

  • Scaled Net Operating Assets: 0.56
  • GF Value™: €17.60 vs. price of €14.26 (19% below fair value)
  • GF Score™: 68/100 with 5 warning signs

No single metric tells the full story. See the MIL:1MTRS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Munters Group AB Business Description

Address Borgarfjordsgatan 16, Box 1188, Kista, SWE, SE-164 40
Munters Group AB is a provider of energy-efficient air treatment and climate control solutions predominantly within the food, pharmaceutical and data center and other sectors. The company operates in segments, which are: AirTech, Data Center Technologies, and FoodTech. The majority of the revenue is generated from its AirTech segment, which manufactures and markets products and solutions for controlling humidity and improving the indoor climate. Geographically, a majority of its revenue is generated from the United States and the rest from China, Germany, the United Kingdom, Canada, Sweden, Australia, France, Denmark, Poland, Mexico, and other markets.
68GF Score

Get the complete analysis for MIL:1MTRS

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

€14.26
Price
€17.60
GF Value