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.
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.
Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Mueller Industries's operating assets for the quarter that ended in Jun. 2026 was $2,841 Mil. Mueller Industries's operating liabilities for the quarter that ended in Jun. 2026 was $659 Mil. Mueller Industries's Total Assets for the quarter that ended in Mar. 2026 was $3,942 Mil. Therefore, Mueller Industries's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2026 was 0.55.
Mueller Industries Scaled Net Operating Assets Related Terms
Mueller Industries Scaled Net Operating Assets Historical Data
* Premium members only.
The historical data trend for Mueller Industries'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.
Mueller Industries Scaled Net Operating Assets Chart
MLI vs CMC, ESAB, GPGI: Scaled Net Operating Assets Comparison
For the Metal Fabrication subindustry, Mueller Industries'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.
Mueller Industries Scaled Net Operating Assets vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Mueller Industries's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Mueller Industries'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 0.55 mean?
Mueller Industries (MLI) has a Scaled Net Operating Assets of 0.55 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 Mueller Industries and its competitors.
Is Mueller Industries' Scaled Net Operating Assets too high?
Mueller Industries' current Scaled Net Operating Assets is 0.55. Overall, Mueller Industries has a GF Score™ of 91/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mueller Industries' Scaled Net Operating Assets compare to CMC and ESAB?
Mueller Industries' Scaled Net Operating Assets of 0.55 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 Mueller Industries and its competitors. Mueller Industries's current Scaled Net Operating Assets is 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mueller Industries stock overvalued right now?
Based on GuruFocus' analysis, Mueller Industries (MLI) is currently considered Significantly Overvalued. The stock's GF Value™ is $40.86, compared to a current price of $66.86 — trading 63.6% above its estimated fair value. The current Scaled Net Operating Assets is 0.55. Mueller Industries' overall GF Score™ is 91/100 with 3 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 Mueller Industries (MLI), the current Scaled Net Operating Assets is 0.55 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 Mueller Industries (MLI) Overvalued in 2026?
Based on GuruFocus' analysis, Mueller Industries stock appears to be overvalued.
The current stock price of $66.86 is trading 63.6% above its estimated GF Value™ of $40.86.
GuruFocus considers Mueller Industries to be Significantly Overvalued.
Key valuation signals for MLI:
Scaled Net Operating Assets: 0.55
GF Value™: $40.86 vs. price of $66.86 (63.6% above fair value)
No single metric tells the full story. See the MLI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mueller Industries Inc makes copper, brass, aluminum, and plastic products. The company reports three business segments: piping systems, industrial metals, and climate. Piping systems, earning majority of the company's revenue, produces tubes, fittings, rods, valves, and other products and operates various firms world-wide. The industrial metals segment manufactures impacts and micro-gauge, brass rod and copper bar products, and brass value-added products. The climate segment produces items used to create temperature-control goods, including valves, twisted tubes, coaxial heat exchangers, and others. Geographically, it operates in USA, UK, Canada, Asia and the Middle East and Mexico.
91GF Score
Get the complete analysis for MLI
Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MLI has been successfully added to your 
