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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.
Alaska Air GroupALK +0.28%75 Net Cash per Share is $-133.68 as of Jun. 2026. GuruFocus rates ALK with a GF Score™ of 75/100 and a GF Value™ of $63.36 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 122 Transportation companies, Alaska Air Group ranks worse than 819671.31% on this metric.
The historical rank and industry rank for Alaska Air Group's Net Cash per Share or its related term are showing as below:
ALK's Price-to-Net-Cash is not ranked *
in the Transportation industry.
Industry Median: 7.53 * Ranked among companies with meaningful Price-to-Net-Cash only.
Alaska Air Group (NYSE:ALK) 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.
Alaska Air Group Net Cash per Share Related Terms
Alaska Air Group Net Cash per Share Historical Data
* Premium members only.
The historical data trend for Alaska Air Group'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.
ALK vs CPA, SKYW, ALGT: Net Cash per Share Comparison
For the Airlines subindustry, Alaska Air Group'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.
Alaska Air Group Price-to-Net-Cash vs Transportation Industry
For the Transportation industry and Industrials sector, Alaska Air Group's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Alaska Air Group'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.
Alaska Air Group's Net Cash per Share for the fiscal year that ended in Dec. 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.
Alaska Air Group (ALK) has a Net Cash per Share of $-133.68 as of Jun. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Alaska Air Group and its competitors. According to the industry distribution chart, Alaska Air Group ranks #999999 out of 122 companies in the Transportation industry.
Is Alaska Air Group's Net Cash per Share too high?
Alaska Air Group's current Net Cash per Share is $-133.68. Based on the distribution chart, Alaska Air Group ranks #999999 out of 122 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Alaska Air Group has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Alaska Air Group's Net Cash per Share compare to CPA and SKYW?
According to the Transportation industry distribution chart, Alaska Air Group ranks #999999 out of 122 companies for Net Cash per Share. This places Alaska Air Group in the lower half of its industry. The industry median Net Cash per Share is 7.53. 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 Transportation company?
The median Net Cash per Share among Transportation companies is 7.53, based on 122 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 Alaska Air Group and its competitors. For the Transportation industry, the median Net Cash per Share is 7.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alaska Air Group's current Net Cash per Share is $-133.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alaska Air Group stock overvalued right now?
Based on GuruFocus' analysis, Alaska Air Group (ALK) is currently considered Possible Value Trap. The stock's GF Value™ is $63.36, compared to a current price of $42.32 — trading 33.2% below its estimated fair value. The current Net Cash per Share is $-133.68. Alaska Air Group's overall GF Score™ is 75/100 with 5 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 Alaska Air Group (ALK), the current Net Cash per Share is $-133.68 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 Alaska Air Group (ALK) Overvalued in 2026?
Based on GuruFocus' analysis, Alaska Air Group stock appears to be undervalued.
The current stock price of $42.32 is trading 33.2% below its estimated GF Value™ of $63.36.
GuruFocus considers Alaska Air Group to be Possible Value Trap.
Key valuation signals for ALK:
Net Cash per Share: $-133.68
GF Value™: $63.36 vs. price of $42.32 (33.2% below fair value)
No single metric tells the full story. See the ALK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alaska Air Group Inc operates two airlines, Alaska and Horizon, in three operating segments. The Alaska Airlines segment includes scheduled air transportation on Alaska's Boeing and Airbus jet aircraft for passengers and cargo throughout the U.S., and in parts of Mexico and Costa Rica. The Regional segment includes Horizon's and other third-party carriers' scheduled air transportation for passengers across a shorter distance network within the U.S. and Canada under capacity purchase agreements. The Hawaiian Airlines segment includes scheduled air transportation on Hawaiian's Boeing and Airbus aircraft for passengers and cargo. It earns revenues from Passenger tickets, including ticket breakage and net of taxes and fees, Passenger ancillary, and Mileage Plan passenger revenue.
75GF Score
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