ASPU (Aspen Group) Net Cash per Share: $-1.06 (As of Jan. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

ASPU Aspen Group Inc ASPU
35 GF Score
Price $0.25
! 4 Warning Signs
View Full Analysis

What is Aspen Group Net Cash per Share?

Aspen Group ASPU -10.71% 35 Net Cash per Share is $-1.06 as of Jan. 2026. GuruFocus rates ASPU with a GF Score™ of 35/100. The stock has 4 warning signs investors should review. Among 72 Education companies, Aspen Group ranks worse than 1388887.5% 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). Aspen Group's Net Cash per Share for the quarter that ended in Jan. 2026 was $-1.06.

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

During the past 12 years, the highest Price-to-Net-Cash Ratio of Aspen Group was 53.38. The lowest was 21.00. And the median was 37.19.

ASPU's Price-to-Net-Cash is not ranked *
in the Education industry.
Industry Median: 6.04
* Ranked among companies with meaningful Price-to-Net-Cash only.

Aspen Group  (OTCPK:ASPU) 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.


Aspen Group Net Cash per Share Related Terms


Aspen Group Net Cash per Share Historical Data

* Premium members only.

The historical data trend for Aspen 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.

Aspen Group Net Cash per Share Chart

Aspen Group Annual Data
Trend Feb12 Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22
Net Cash per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.37 -0.45 -0.47 -0.77 -1.67

Aspen Group Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Jul24 Oct24 Jan25 Jul25 Oct25 Jan26
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 -1.21 -1.13 -1.06

ASPU vs VSA, WAFU, AMBO: Net Cash per Share Comparison

For the Education & Training Services subindustry, Aspen 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.


Aspen Group Price-to-Net-Cash vs Education Industry

For the Education industry and Consumer Defensive sector, Aspen Group's Price-to-Net-Cash distribution charts can be found below:

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


ASPU
35GF Score
Aspen Group Inc ASPU
Net Cash per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aspen Group 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.

Aspen Group's Net Cash per Share for the fiscal year that ended in Apr. 2022 is calculated as

Net Cash per Share (A: Apr. 2022 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(6.483-48.52-0)/25.202
=-1.67

Aspen Group's Net Cash per Share for the quarter that ended in Jan. 2026 is calculated as

Net Cash per Share (Q: Jan. 2026 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(0.613-33.148-0)/30.772
=-1.06

* 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 $-1.06 mean?
Aspen Group (ASPU) has a Net Cash per Share of $-1.06 as of Jan. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Aspen Group and its competitors. Over the past decade, Aspen Group's Net Cash per Share has ranged from 21.00 to 53.38. According to the industry distribution chart, Aspen Group ranks #999999 out of 72 companies in the Education industry.
Is Aspen Group's Net Cash per Share too high?
Aspen Group's current Net Cash per Share is $-1.06. Over the past 10 years, this metric has ranged from a low of 21.00 to a high of 53.38. Based on the distribution chart, Aspen Group ranks #999999 out of 72 companies in the Education industry, which is in the bottom quartile relative to peers. Overall, Aspen Group has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Aspen Group's Net Cash per Share compare to VSA and WAFU?
According to the Education industry distribution chart, Aspen Group ranks #999999 out of 72 companies for Net Cash per Share. This places Aspen Group in the lower half of its industry. The industry median Net Cash per Share is 6.04. Historically, Aspen Group's own Net Cash per Share has ranged from 21.00 to 53.38 over the past decade. 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 an Education company?
The median Net Cash per Share among Education companies is 6.04, based on 72 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 Aspen Group and its competitors. For the Education industry, the median Net Cash per Share is 6.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aspen Group's current Net Cash per Share is $-1.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aspen Group stock overvalued right now?
Aspen Group (ASPU) has a current Net Cash per Share of $-1.06. The current Net Cash per Share is $-1.06. Aspen Group's overall GF Score™ is 35/100 with 4 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 Aspen Group (ASPU), the current Net Cash per Share is $-1.06 as of Jan. 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.

Aspen Group Business Description

Address 4605 E. Elwood Street, Suite 300 and 400, Phoenix, AZ, USA, 85040
Aspen Group Inc is an education technology holding company that leverages its infrastructure and expertise to allow its two universities, Aspen University and United States University, to offer Associate, Bachelor's, Master's, and Doctoral degree programs that span multiple programs of study with a concentrated focus on nursing. The schools at its universities include; the School of Nursing and Health Sciences; School of Education; and School of Business and Technology. The company offers affordable tuition and flexible financing solutions to students, to deliver on its vision of making college education affordable again.
35GF Score

Get the complete analysis for ASPU

Net Cash per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.25
Price