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Australian Unity Office FundASX:AOF 19 Net Cash per Share is A$0.15 as of Dec. 2025, which is 100% below its 10-year median of 29.23. GuruFocus rates ASX:AOF with a GF Score™ of 19/100 and a GF Value™ of A$0.11 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 102 REITs companies, Australian Unity Office Fund ranks better than 80.39% on this metric.
The historical rank and industry rank for Australian Unity Office Fund's Net Cash per Share or its related term are showing as below:
ASX:AOF'
s Price-to-Net-Cash Range Over the Past 10 Years
Min: 2.43 Med: 29.23 Max: 129
Current: 2.43
During the past 10 years, the highest Price-to-Net-Cash Ratio of Australian Unity Office Fund was 129.00. The lowest was 2.43. And the median was 29.23.
ASX:AOF's Price-to-Net-Cash is ranked better than 80.39% of 102
companies
in the REITs industry
Industry Median: 18.02
vs ASX:AOF: 2.43
Australian Unity Office Fund (ASX:AOF) 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.
Australian Unity Office Fund Net Cash per Share Related Terms
Australian Unity Office Fund Net Cash per Share Historical Data
* 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.
Australian Unity Office Fund Net Cash per Share Chart
ASX:AOF vs BXP, ARE, VNO: Net Cash per Share Comparison
For the REIT - Office subindustry, Australian Unity Office Fund'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.
Australian Unity Office Fund Price-to-Net-Cash vs REITs Industry
For the REITs industry and Real Estate sector, Australian Unity Office Fund's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Australian Unity Office Fund's Price-to-Net-Cash falls into.
Australian Unity Office Fund 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.
* 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.
Australian Unity Office Fund (ASX:AOF) has a Net Cash per Share of A$0.15 as of Dec. 2025. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Australian Unity Office Fund and its competitors. This is 99% below median its historical median of 29.23. Over the past decade, Australian Unity Office Fund's Net Cash per Share has ranged from 2.43 to 129.00. According to the industry distribution chart, Australian Unity Office Fund ranks #20 out of 102 companies in the REITs industry, placing it in the top 19.6%.
Is Australian Unity Office Fund's Net Cash per Share too high?
Australian Unity Office Fund's current Net Cash per Share of A$0.15 is 99% below median its 10-year median of 29.23. Over the past 10 years, this metric has ranged from a low of 2.43 to a high of 129.00. Based on the distribution chart, Australian Unity Office Fund ranks #20 out of 102 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Australian Unity Office Fund has a GF Score™ of 19/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Australian Unity Office Fund's Net Cash per Share compare to BXP and ARE?
According to the REITs industry distribution chart, Australian Unity Office Fund ranks #20 out of 102 companies for Net Cash per Share. This places Australian Unity Office Fund in the top 20% of its industry — outperforming the majority of peers. The industry median Net Cash per Share is 18.02. Historically, Australian Unity Office Fund's own Net Cash per Share has ranged from 2.43 to 129.00 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 a REITs company?
The median Net Cash per Share among REITs companies is 18.02, based on 102 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 Australian Unity Office Fund and its competitors. For the REITs industry, the median Net Cash per Share is 18.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Australian Unity Office Fund's current Net Cash per Share is A$0.15, which is 99% below median its own 10-year median of 29.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Australian Unity Office Fund stock overvalued right now?
Based on GuruFocus' analysis, Australian Unity Office Fund (ASX:AOF) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.11, compared to a current price of A$0.37 — trading 231.8% above its estimated fair value. The current Net Cash per Share is A$0.15, which is 99% below median its 10-year median of 29.23. Australian Unity Office Fund's overall GF Score™ is 19/100 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 Australian Unity Office Fund (ASX:AOF), the current Net Cash per Share is A$0.15 as of Dec. 2025. 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 Australian Unity Office Fund (ASX:AOF) Overvalued in 2026?
Based on GuruFocus' analysis, Australian Unity Office Fund stock appears to be overvalued.
The current stock price of A$0.37 is trading 231.8% above its estimated GF Value™ of A$0.11.
GuruFocus considers Australian Unity Office Fund to be Significantly Overvalued.
Key valuation signals for ASX:AOF:
Net Cash per Share: A$0.15 (99% below median its 10-year median of 29.23)
GF Value™: A$0.11 vs. price of A$0.37 (231.8% above fair value)
No single metric tells the full story. See the ASX:AOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Australian Unity Office Fund is a Real Estate Investment Trust. Its only operating segment is investment in real estate. Geographically, it operates solely in Australia and generates revenue from rental income.
19GF Score
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