ALMS (Alumis) Net Cash per Share: $3.29 (As of Mar. 2026) — 60% Above Median

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ALMS Alumis Inc ALMS
12 GF Score
Price $27.60
! 6 Warning Signs
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What is Alumis Net Cash per Share?

Alumis ALMS -0.72% 12 Net Cash per Share is $3.29 as of Mar. 2026, which is 60% above its 10-year median of 2.06. GuruFocus rates ALMS with a GF Score™ of 12/100. The stock has 6 warning signs investors should review. Among 800 Biotechnology companies, Alumis ranks worse than 64.25% on this metric.

Net Cash per Share is calculated as Cash, Cash Equivalents, Marketable Securities minus Total Liabilities minus Minority Interest and then divided by Shares Outstanding (EOP). Alumis's Net Cash per Share for the quarter that ended in Mar. 2026 was $3.29.

The historical rank and industry rank for Alumis's Net Cash per Share or its related term are showing as below:

ALMS' s Price-to-Net-Cash Range Over the Past 10 Years
Min: 0.86   Med: 2.06   Max: 8.56
Current: 8.39

During the past 4 years, the highest Price-to-Net-Cash Ratio of Alumis was 8.56. The lowest was 0.86. And the median was 2.06.

ALMS's Price-to-Net-Cash is ranked worse than
64.25% of 800 companies
in the Biotechnology industry
Industry Median: 5.385 vs ALMS: 8.39

Alumis  (NAS:ALMS) 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.


Alumis Net Cash per Share Related Terms


Alumis Net Cash per Share Historical Data

* Premium members only.

The historical data trend for Alumis'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.

Alumis Net Cash per Share Chart

Alumis Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Net Cash per Share
-4.06 -7.33 3.81 1.89

Alumis Quarterly Data
Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net Cash per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.13 3.47 2.63 1.89 3.29

ALMS vs RCUS, DNLI, NAMS: Net Cash per Share Comparison

For the Biotechnology subindustry, Alumis'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.


Alumis Price-to-Net-Cash vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Alumis's Price-to-Net-Cash distribution charts can be found below:

* The bar in red indicates where Alumis's Price-to-Net-Cash falls into.


ALMS
12GF Score
Alumis Inc ALMS
Net Cash per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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Alumis Net Cash per Share Calculation

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.

Alumis's Net Cash per Share for the fiscal year that ended in Dec. 2025 is calculated as

Net Cash per Share (A: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(308.501-110.643-0)/104.707
=1.89

Alumis's Net Cash per Share for the quarter that ended in Mar. 2026 is calculated as

Net Cash per Share (Q: Mar. 2026 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(522.943-104.567-0)/127.230
=3.29

* 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.

Frequently Asked Questions Learn more about Net Cash per Share →
What does a Net Cash per Share of $3.29 mean?
Alumis (ALMS) has a Net Cash per Share of $3.29 as of Mar. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Alumis and its competitors. This is 60% above median its historical median of 2.06. Over the past decade, Alumis' Net Cash per Share has ranged from 0.86 to 8.56. According to the industry distribution chart, Alumis ranks #514 out of 800 companies in the Biotechnology industry, placing it in the top 64.2%.
Is Alumis' Net Cash per Share too high?
Alumis' current Net Cash per Share of $3.29 is 60% above median its 10-year median of 2.06. Over the past 10 years, this metric has ranged from a low of 0.86 to a high of 8.56. The Biotechnology industry median Net Cash per Share is 5.39. Alumis' value of $3.29 is 38.9% below this industry median. Based on the distribution chart, Alumis ranks #514 out of 800 companies in the Biotechnology industry, which is below the industry midpoint. Overall, Alumis has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Alumis' Net Cash per Share compare to RCUS and DNLI?
According to the Biotechnology industry distribution chart, Alumis ranks #514 out of 800 companies for Net Cash per Share. This places Alumis in the lower half of its industry. The industry median Net Cash per Share is 5.39. Alumis' value of $3.29 is 38.9% below this benchmark. Historically, Alumis' own Net Cash per Share has ranged from 0.86 to 8.56 over the past decade. While the company's 10-year median is 2.06 vs. the industry median of 5.39, Alumis has consistently been below the industry average. 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 Biotechnology company?
The median Net Cash per Share among Biotechnology companies is 5.39, based on 800 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. Alumis's current Net Cash per Share of $3.29 is 38.9% below the industry median. 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 Alumis and its competitors. For the Biotechnology industry, the median Net Cash per Share is 5.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alumis's current Net Cash per Share is $3.29, which is 60% above median its own 10-year median of 2.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alumis stock overvalued right now?
Alumis (ALMS) has a current Net Cash per Share of $3.29. The current Net Cash per Share is $3.29, which is 60% above median its 10-year median of 2.06 and 38.9% below the Biotechnology industry median of 5.39. Alumis' overall GF Score™ is 12/100 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 Alumis (ALMS), the current Net Cash per Share is $3.29 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.

Alumis Business Description

Address 280 East Grand Avenue, South San Francisco, CA, USA, 94080
Alumis Inc is a clinical-stage biopharmaceutical company with an initial focus on developing its two Tyrosine Kinase 2 ("TYK2") inhibitors: envudeucitinib ("envu"), an allosteric TYK2 inhibitor for the treatment of PsO and SLE; and A-005, a central nervous system ("CNS") penetrant allosteric TYK2 inhibitor, to offer the therapeutic benefit of TYK2 inhibition within the CNS for a broad range of neuroinflammatory and neurodegenerative diseases.
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$27.60
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