Meta Materials Inc (MMATQ) fair value: what the stock is really worth
As of Sep 29, 2026: fair value of Meta Materials Inc $0.00, price $0.00, upside +0.0%, quality 7 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
60‑month range $0.0001 – $796.00 · the $0.0001 price screens below the $0.0001 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.
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Meta Materials Inc. operates as an advanced materials and nanotechnology company in the United States, Canada, and internationally.
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Meta Materials Inc. operates as an advanced materials and nanotechnology company in the United States, Canada, and internationally. The company offers NANOWEB, a transparent conductive film that is an alternative to indium tin oxide (ITO), silver nanowire (AgNW), graphene, and carbon nanotube technologies; holoOPTIX, a holographic optical component; and ARfusion, a technology combining precision cast lens fabrication tools with functional metamaterials and volume holograms. It also provides metaAIR, a laser glare protection eyewear; and NPORE, a ceramic nanoporous membrane separator for lithium-ion batteries. In addition, the company develops glucoWISE, a non-invasive glucose monitoring device; and anti-counterfeiting security features for authentication and brand protection applications in various markets, including banknotes. Its products are used for various solutions, such as aerospace and defense; 5G communications; automotive; brand protection; banknote and govt IDs; consumer electronics; energy; and medical. The company was formerly known as Torchlight Energy Resources, Inc. and changed its name to Meta Materials Inc. in June 2021. Meta Materials Inc. is based in Dartmouth, Canada.
Stock analysis
Meta Materials Inc (MMATQ) currently trades at $0.0001, while our model-based Fair Value estimate is $0.0001, so the stock looks roughly fairly valued today (gap 0.0%).
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 88/100, which puts the evidence level at low.
Quality & growth
The Quality Score stands at 7/100 (below-average quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Meta Materials Inc reported revenue of $8.0M in FY2023 versus $902K in FY2019, a compound +72.4%/yr. Reported net income was −$398M in FY2023.
Our AI-assisted moat analysis scores the competitive advantage at 22 out of 100 (medium confidence).
What moves the price
The share trades at its 52-week high and at its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −64% fair-value upside, at 0%, MMATQ screens cheaper than that median.
Fair Value models
Bear $0.0001Fair Value $0.0001Bull $0.0001
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.24/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−21.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+92.2%
’19
’20
’21
’22
’23
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−983.7% (2019) → −5,132.5% (2023)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2023 is a loss year, no rate is defined from a loss
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Electronic Components · 633 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Meta Materials Inc (MMATQ) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of $0.0001 versus a price of $0.0001, about +0% upside (fairly valued).
What is the fair value of MMATQ?
Our model-based fair value for Meta Materials Inc is $0.0001 (as of Oct 2, 2026), built from audited fundamentals. The current price: $0.0001.
What is the quality score of MMATQ?
Meta Materials Inc has a Quality Score of 7/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Meta Materials Inc (MMATQ)?
Our model-based price target is the fair value of $0.0001 (as of Oct 2, 2026) from 1 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Meta Materials Inc stock forecast for 2026?
Our models put fair value at $0.0001, about +0% upside versus a price of $0.0001 (fairly valued). The calculation is refreshed regularly with new filings.
What is the revenue of Meta Materials Inc (MMATQ)?
Meta Materials Inc reported trailing-twelve-month revenue of about $9.8M (latest available figure, as of Oct 2, 2026).
What is the intrinsic value of Meta Materials Inc (MMATQ)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Meta Materials Inc it is $0.0001 per share (as of Oct 2, 2026), against a price of $0.0001. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Meta Materials Inc stock overvalued or undervalued in 2026?
As of Oct 2, 2026, MMATQ trades below its calculated fair value: price $0.0001, fair value $0.0001, a gap of about +0% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of MMATQ?
No. The price is what the market pays today ($0.0001); the fair value is what the company's own numbers justify ($0.0001). For Meta Materials Inc the two are $0.0000 per share apart. That gap is exactly why we show both numbers side by side.
How much is Meta Materials Inc worth?
The market values Meta Materials Inc at about $669 (market capitalisation, as of Oct 2, 2026). Per share that is $0.0001; our models calculate a fair value of $0.0001 per share.
How solid is the balance sheet of Meta Materials Inc (MMATQ)?
Balance-sheet figures for Meta Materials Inc (as of Oct 2, 2026): return on equity −197.8%, debt of 0.13 per unit of equity. They feed the Quality Score of 7/100, which measures business quality independently of the share price.
How far is MMATQ from its 52-week high?
Meta Materials Inc trades at $0.0001, at its 52-week high of $0.0001 and at the low of $0.0001 (as of Sep 29, 2026). Distance from the high says nothing about value: that is what the fair value of $0.0001 is for.
Which stocks are comparable to Meta Materials Inc?
From the same area (Technology) we also value Amphenol Corporation, Delta Electronics, Inc, Corning Incorporated, Hon Hai Precision Industry Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Meta Materials Inc stock attractive at the current price?
The data as of Oct 2, 2026: price $0.0001, calculated fair value $0.0001 (+0%), Quality Score 7/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of MMATQ calculated?
We run Meta Materials Inc through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $0.0001, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Meta Materials Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Meta Materials Inc (MMATQ)?
The closing price on Sep 29, 2026 was $0.0001. Our model-based fair value is $0.0001, about +0% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Meta Materials Inc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Meta Materials Inc
How large is the market capitalisation of Meta Materials Inc (MMATQ)?
The market capitalisation of Meta Materials Inc is $669. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Meta Materials Inc (MMATQ)?
Earnings per share at Meta Materials Inc are $−65.82. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Meta Materials Inc (MMATQ)?
The return on equity (ROE) of Meta Materials Inc is −198% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Meta Materials Inc (MMATQ)?
On an EBIT basis the return on assets of Meta Materials Inc is −219% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Meta Materials Inc (MMATQ)?
The operating margin of Meta Materials Inc is −174% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Meta Materials Inc (MMATQ)?
Revenue at Meta Materials Inc is growing +132% versus a year earlier (3y avg +92.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Meta Materials Inc (MMATQ) generate?
The free cash flow of Meta Materials Inc is −$50.6M (fiscal year 2023). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Meta Materials Inc (MMATQ) carry?
The net debt of Meta Materials Inc is $1.4M (fiscal year 2023). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Oct 2, 2026