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.
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.
ANA HoldingsALNPF 72 Net Cash per Share is $-18.79 as of Jun. 2026. GuruFocus rates ALNPF with a GF Score™ of 72/100 and a GF Value™ of $20.64 (Fairly Valued). The stock has 2 warning signs investors should review. Among 122 Transportation companies, ANA Holdings ranks worse than 819671.31% on this metric.
The historical rank and industry rank for ANA Holdings's Net Cash per Share or its related term are showing as below:
ALNPF's Price-to-Net-Cash is not ranked *
in the Transportation industry.
Industry Median: 7.65 * Ranked among companies with meaningful Price-to-Net-Cash only.
ANA Holdings (OTCPK:ALNPF) 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.
ANA Holdings Net Cash per Share Related Terms
ANA Holdings Net Cash per Share Historical Data
* Premium members only.
The historical data trend for ANA Holdings'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.
ALNPF vs DAL, UAL, LUV: Net Cash per Share Comparison
For the Airlines subindustry, ANA Holdings'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.
ANA Holdings Price-to-Net-Cash vs Transportation Industry
For the Transportation industry and Industrials sector, ANA Holdings's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where ANA Holdings'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.
ANA Holdings's Net Cash per Share for the fiscal year that ended in Mar. 2026 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.
ANA Holdings (ALNPF) has a Net Cash per Share of $-18.79 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 ANA Holdings and its competitors. According to the industry distribution chart, ANA Holdings ranks #999999 out of 122 companies in the Transportation industry.
Is ANA Holdings' Net Cash per Share too high?
ANA Holdings' current Net Cash per Share is $-18.79. Based on the distribution chart, ANA Holdings ranks #999999 out of 122 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, ANA Holdings has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ANA Holdings' Net Cash per Share compare to DAL and UAL?
According to the Transportation industry distribution chart, ANA Holdings ranks #999999 out of 122 companies for Net Cash per Share. This places ANA Holdings in the lower half of its industry. The industry median Net Cash per Share is 7.65. 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 7.65, 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 ANA Holdings and its competitors. For the Transportation industry, the median Net Cash per Share is 7.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ANA Holdings's current Net Cash per Share is $-18.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ANA Holdings stock overvalued right now?
Based on GuruFocus' analysis, ANA Holdings (ALNPF) is currently considered Fairly Valued. The stock's GF Value™ is $20.64, compared to a current price of $19.50 — trading 5.5% below its estimated fair value. The current Net Cash per Share is $-18.79. ANA Holdings' overall GF Score™ is 72/100 with 2 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 ANA Holdings (ALNPF), the current Net Cash per Share is $-18.79 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 ANA Holdings (ALNPF) Overvalued in 2026?
Based on GuruFocus' analysis, ANA Holdings stock appears to be undervalued.
The current stock price of $19.50 is trading 5.5% below its estimated GF Value™ of $20.64.
GuruFocus considers ANA Holdings to be Fairly Valued.
Key valuation signals for ALNPF:
Net Cash per Share: $-18.79
GF Value™: $20.64 vs. price of $19.50 (5.5% below fair value)
No single metric tells the full story. See the ALNPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ANA Holdings is the holding firm of Japan's largest airline, All Nippon Airways. Besides the flagship carrier, ANA also owns discount airline Peach Aviation, Hokkaido-based Air Do, and airfreight carrier Nippon Cargo Airlines. Air Japan, which was launched to provide discount flights to Southeast Asia, will cease in 2026. Prior to covid-19, passenger transport made up over 50% of group revenue, split almost equally between domestic and international passenger routes while cargo revenue made up 4%-5%. Its primary hub is Tokyo's Narita International Airport, but it is also expanding routes from Haneda Airport. ANA has minor stakes in Philippine Airlines, Vietnam Airlines, and IHG ANA Hotels Group Japan. The latter is a hotel chain in Japan owned and operated by InterContinental Hotels Group.
72GF Score
Get the complete analysis for ALNPF
Net Cash per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ALNPF has been successfully added to your 
