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The historical rank and industry rank for Analog Devices's Net Cash per Share or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Cash Ratio of Analog Devices was 16.33. The lowest was 15.79. And the median was 16.06.
ADI's Price-to-Net-Cash is not ranked *
in the Semiconductors industry.
Industry Median: 14.585 * Ranked among companies with meaningful Price-to-Net-Cash only.
Analog Devices (NAS:ADI) Net Cash per Share Explanation
Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.
Analog Devices Net Cash per Share Related Terms
Analog Devices Net Cash per Share Historical Data
* Premium members only.
The historical data trend for Analog Devices's Net Cash per Share 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.
ADI vs QCOM, MRVL, TXN: Net Cash per Share Comparison
For the Semiconductors subindustry, Analog Devices's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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.
Analog Devices Price-to-Net-Cash vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Analog Devices's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Analog Devices's Price-to-Net-Cash falls into.
In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.
Analog Devices's Net Cash per Share for the fiscal year that ended in Oct. 2025 is calculated as
* 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.
Analog Devices (ADI) has a Net Cash per Share of $-25.90 as of Jul. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Analog Devices and its competitors. According to the industry distribution chart, Analog Devices ranks #999999 out of 364 companies in the Semiconductors industry.
Is Analog Devices' Net Cash per Share too high?
Analog Devices' current Net Cash per Share is $-25.90. Based on the distribution chart, Analog Devices ranks #999999 out of 364 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Analog Devices has a GF Score™ of 95/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Analog Devices' Net Cash per Share compare to QCOM and MRVL?
According to the Semiconductors industry distribution chart, Analog Devices ranks #999999 out of 364 companies for Net Cash per Share. This places Analog Devices in the lower half of its industry. The industry median Net Cash per Share is 14.59. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Cash per Share for a Semiconductors company?
The median Net Cash per Share among Semiconductors companies is 14.59, based on 364 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash per Share 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 Net Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Analog Devices and its competitors. For the Semiconductors industry, the median Net Cash per Share is 14.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Analog Devices's current Net Cash per Share is $-25.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Analog Devices stock overvalued right now?
Based on GuruFocus' analysis, Analog Devices (ADI) is currently considered Modestly Overvalued. The stock's GF Value™ is $338.58, compared to a current price of $383.00 — trading 13.1% above its estimated fair value. The current Net Cash per Share is $-25.90. Analog Devices' overall GF Score™ is 95/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Cash per Share calculated?
Net Cash per Share is calculated from a company's financial statements. For Analog Devices (ADI), the current Net Cash per Share is $-25.90 as of Jul. 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 Analog Devices (ADI) Overvalued in 2026?
Based on GuruFocus' analysis, Analog Devices stock appears to be overvalued.
The current stock price of $383.00 is trading 13.1% above its estimated GF Value™ of $338.58.
GuruFocus considers Analog Devices to be Modestly Overvalued.
Key valuation signals for ADI:
Net Cash per Share: $-25.90
GF Value™: $338.58 vs. price of $383.00 (13.1% above fair value)
No single metric tells the full story. See the ADI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Analog Devices is a leading analog, mixed-signal, and digital-signal processing chipmaker. The firm has a significant market share lead in converter chips, which are used to translate analog signals to digital and vice versa. The company serves tens of thousands of customers; more than half of its chip sales are to industrial and automotive end markets. ADI's chips are also incorporated into wireless infrastructure equipment.
95GF Score
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Net Cash per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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