Nedbank Group (NAM:NBK) Beginning Cash Position: R60,398 Mil (As of Dec. 2025)

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.

NAM:NBK Nedbank Group Ltd NAM:NBK
70 GF Score
Price R277.24
GF Value R279.13
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Nedbank Group Beginning Cash Position?

Nedbank Group NAM:NBK 70 Beginning Cash Position is R60,398 Mil as of Dec. 2025. GuruFocus rates NAM:NBK with a GF Score™ of 70/100 and a GF Value™ of R279.13 (Fairly Valued). The stock has 2 warning signs investors should review.

Nedbank Group's Beginning Cash Position for the quarter that ended in Dec. 2025 was R60,398 Mil.

Nedbank Group's quarterly Beginning Cash Position increased from Dec. 2024 (R45,247 Mil) to Jun. 2025 (R55,146 Mil) and increased from Jun. 2025 (R55,146 Mil) to Dec. 2025 (R60,398 Mil).

Nedbank Group's annual Beginning Cash Position increased from Dec. 2023 (R45,618 Mil) to Dec. 2024 (R52,082 Mil) and increased from Dec. 2024 (R52,082 Mil) to Dec. 2025 (R55,146 Mil).


Nedbank Group Beginning Cash Position Related Terms


Nedbank Group Beginning Cash Position Historical Data

* Premium members only.

The historical data trend for Nedbank Group's Beginning Cash Position 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.

Nedbank Group Beginning Cash Position Chart

Nedbank Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beginning Cash Position
Get a 7-Day Free Trial Premium Member Only Premium Member Only 41,382.00 44,586.00 45,618.00 52,082.00 55,146.00

Nedbank Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beginning Cash Position 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 44,640.00 52,082.00 45,247.00 55,146.00 60,398.00
NAM:NBK
70GF Score
Nedbank Group Ltd NAM:NBK
Beginning Cash Position is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nedbank Group Beginning Cash Position Calculation

Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement.

What does a Beginning Cash Position of R60,398 Mil mean?
Nedbank Group (NAM:NBK) has a Beginning Cash Position of R60,398 Mil as of Dec. 2025. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on Nedbank Group and its competitors.
Is Nedbank Group's Beginning Cash Position too high?
Nedbank Group's current Beginning Cash Position is R60,398 Mil. Overall, Nedbank Group has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nedbank Group's Beginning Cash Position compare to PNC and USB?
Nedbank Group's Beginning Cash Position of R60,398 Mil can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beginning Cash Position for a Banks company?
A good Beginning Cash Position depends on the Banks industry context. However, Beginning Cash Position 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 Beginning Cash Position mean?
A high Beginning Cash Position can signal that a stock is expensive relative to its fundamentals. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on Nedbank Group and its competitors. Nedbank Group's current Beginning Cash Position is R60,398 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nedbank Group stock overvalued right now?
Based on GuruFocus' analysis, Nedbank Group (NAM:NBK) is currently considered Fairly Valued. The stock's GF Value™ is R279.13, compared to a current price of R277.24 — trading 0.7% below its estimated fair value. The current Beginning Cash Position is R60,398 Mil. Nedbank Group's overall GF Score™ is 70/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beginning Cash Position calculated?
Beginning Cash Position is calculated from a company's financial statements. For Nedbank Group (NAM:NBK), the current Beginning Cash Position is R60,398 Mil as of Dec. 2025. 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 Nedbank Group (NAM:NBK) Overvalued in 2026?

Based on GuruFocus' analysis, Nedbank Group stock appears to be undervalued. The current stock price of R277.24 is trading 0.7% below its estimated GF Value™ of R279.13. GuruFocus considers Nedbank Group to be Fairly Valued.

Key valuation signals for NAM:NBK:

  • Beginning Cash Position: R60,398 Mil
  • GF Value™: R279.13 vs. price of R277.24 (0.7% below fair value)
  • GF Score™: 70/100 with 2 warning signs

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


Nedbank Group Business Description

Address 135 Rivonia Road, Nedbank 135 Rivonia Campus, Sandown, Sandton, Johannesburg, GT, ZAF, 2196
Nedbank Group Ltd is a financial services provider that offers corporate, retail, and investment banking services; insurance; asset management; and wealth management. It operates predominantly in South Africa. Net interest income from lending activities accounts for roughly half of the company's total revenue. Its operating segments include Nedbank Corporate and Investment Banking, Nedbank Business and Commercial Banking, Nedbank Personal and Private Banking and Nedbank Africa Regions.
70GF Score

Get the complete analysis for NAM:NBK

Beginning Cash Position is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R277.24
Price
R279.13
GF Value