MTEX (Mannatech) Scaled Net Operating Assets: -0.18 (As of Mar. 2026)


MTEX Mannatech Inc MTEX
58 GF Score
Price $5.16
GF Value $7.20
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Mannatech Scaled Net Operating Assets?

Mannatech MTEX +1.28% 58 Scaled Net Operating Assets is -0.18 as of Mar. 2026. GuruFocus rates MTEX with a GF Score™ of 58/100 and a GF Value™ of $7.20 (Modestly Undervalued). The stock has 4 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.

Mannatech's operating assets for the quarter that ended in Mar. 2026 was $22.9 Mil. Mannatech's operating liabilities for the quarter that ended in Mar. 2026 was $28.3 Mil. Mannatech's Total Assets for the quarter that ended in Dec. 2025 was $30.0 Mil. Therefore, Mannatech's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was -0.18.


Mannatech Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Mannatech'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.

Mannatech Scaled Net Operating Assets Chart

Mannatech 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 0.03 0.11 0.17 0.10 -0.11

Mannatech 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 0.13 0.19 0.24 -0.12 -0.18

MTEX vs AIXN, IVFH, MCLE: Scaled Net Operating Assets Comparison

For the Food Distribution subindustry, Mannatech'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.


Mannatech Scaled Net Operating Assets vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Mannatech's Scaled Net Operating Assets distribution charts can be found below:

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


MTEX
58GF Score
Mannatech Inc MTEX
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Mannatech 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.

Mannatech'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 )
=(23.808-27.861)/36.056
=-0.11

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=29.993 - 6.185
=23.808

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=35.216 - 5.391 - 1.964
=27.861

Mannatech'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 )
=(22.87-28.255)/29.993
=-0.18

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=29.883 - 7.013
=22.87

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=35.437 - 4.912 - 2.27
=28.255

* 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 -0.18 mean?
Mannatech (MTEX) has a Scaled Net Operating Assets of -0.18 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 Mannatech and its competitors.
Is Mannatech's Scaled Net Operating Assets too high?
Mannatech's current Scaled Net Operating Assets is -0.18. Overall, Mannatech has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mannatech's Scaled Net Operating Assets compare to AIXN and IVFH?
Mannatech's Scaled Net Operating Assets of -0.18 can be compared against companies in the Retail - Defensive 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 Retail - Defensive company?
A good Scaled Net Operating Assets depends on the Retail - Defensive 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 Mannatech and its competitors. Mannatech's current Scaled Net Operating Assets is -0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mannatech stock overvalued right now?
Based on GuruFocus' analysis, Mannatech (MTEX) is currently considered Modestly Undervalued. The stock's GF Value™ is $7.20, compared to a current price of $5.16 — trading 28.3% below its estimated fair value. The current Scaled Net Operating Assets is -0.18. Mannatech's overall GF Score™ is 58/100 with 4 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 Mannatech (MTEX), the current Scaled Net Operating Assets is -0.18 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 Mannatech (MTEX) Overvalued in 2026?

Based on GuruFocus' analysis, Mannatech stock appears to be undervalued. The current stock price of $5.16 is trading 28.3% below its estimated GF Value™ of $7.20. GuruFocus considers Mannatech to be Modestly Undervalued.

Key valuation signals for MTEX:

  • Scaled Net Operating Assets: -0.18
  • GF Value™: $7.20 vs. price of $5.16 (28.3% below fair value)
  • GF Score™: 58/100 with 4 warning signs

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


Mannatech Business Description

Address 1410 Lakeside Parkway, Suite 200, Flower Mound, TX, USA, 75028
Mannatech Inc is a wellness solution provider. The company develops and sells nutritional supplements, topical and skin care and anti-aging products, and weight-management products that target optimal health and wellness. Mannatech sells products in three regions: the Americas (the United States, Canada, and Mexico); Europe/the Middle East/Africa (EMEA) (Austria, the Czech Republic, Denmark, Estonia, Finland, Germany, the Republic of Ireland, Namibia, the Netherlands, Norway, South Africa, Spain, Sweden, and the United Kingdom); and Asia/Pacific (Australia, Japan, New Zealand, the Republic of Korea, Singapore, Taiwan, Hong Kong, and China). Mannatech generates the majority of its revenue from the Americas.
58GF Score

Get the complete analysis for MTEX

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

$5.16
Price
$7.20
GF Value