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Sphere 3DANY -1.75%54 Net Cash per Share is $-0.67 as of Jun. 2026. GuruFocus rates ANY with a GF Score™ of 54/100 and a GF Value™ of $2.07 (Fairly Valued). The stock has 5 warning signs investors should review. Among 219 Capital Markets companies, Sphere 3D ranks worse than 456620.55% on this metric.
The historical rank and industry rank for Sphere 3D'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 Sphere 3D was 84.19. The lowest was 2.58. And the median was 5.31.
ANY's Price-to-Net-Cash is not ranked *
in the Capital Markets industry.
Industry Median: 5.89 * Ranked among companies with meaningful Price-to-Net-Cash only.
Sphere 3D (NAS:ANY) 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.
Sphere 3D Net Cash per Share Related Terms
Sphere 3D Net Cash per Share Historical Data
* Premium members only.
The historical data trend for Sphere 3D'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.
ANY vs SOS, GSIW, ABIT: Net Cash per Share Comparison
For the Capital Markets subindustry, Sphere 3D'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.
Sphere 3D Price-to-Net-Cash vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Sphere 3D's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Sphere 3D'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.
Sphere 3D'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.
Sphere 3D (ANY) has a Net Cash per Share of $-0.67 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 Sphere 3D and its competitors. According to the industry distribution chart, Sphere 3D ranks #999999 out of 219 companies in the Capital Markets industry.
Is Sphere 3D's Net Cash per Share too high?
Sphere 3D's current Net Cash per Share is $-0.67. Based on the distribution chart, Sphere 3D ranks #999999 out of 219 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Sphere 3D has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sphere 3D's Net Cash per Share compare to SOS and GSIW?
According to the Capital Markets industry distribution chart, Sphere 3D ranks #999999 out of 219 companies for Net Cash per Share. This places Sphere 3D in the lower half of its industry. The industry median Net Cash per Share is 5.89. 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 Capital Markets company?
The median Net Cash per Share among Capital Markets companies is 5.89, based on 219 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 Sphere 3D and its competitors. For the Capital Markets industry, the median Net Cash per Share is 5.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sphere 3D's current Net Cash per Share is $-0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sphere 3D stock overvalued right now?
Based on GuruFocus' analysis, Sphere 3D (ANY) is currently considered Fairly Valued. The stock's GF Value™ is $2.07, compared to a current price of $2.25 — trading 8.7% above its estimated fair value. The current Net Cash per Share is $-0.67. Sphere 3D's overall GF Score™ is 54/100 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 Sphere 3D (ANY), the current Net Cash per Share is $-0.67 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 Sphere 3D (ANY) Overvalued in 2026?
Based on GuruFocus' analysis, Sphere 3D stock appears to be overvalued.
The current stock price of $2.25 is trading 8.7% above its estimated GF Value™ of $2.07.
GuruFocus considers Sphere 3D to be Fairly Valued.
Key valuation signals for ANY:
Net Cash per Share: $-0.67
GF Value™: $2.07 vs. price of $2.25 (8.7% above fair value)
No single metric tells the full story. See the ANY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sphere 3D Corp is engaged in the Bitcoin mining business. The company has established an enterprise-scale mining operation through the procurement of mining equipment and partnering with experienced service providers. It generates revenue from mining and selling Bitcoin.
54GF Score
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