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The historical rank and industry rank for Rivco Australia's Net Cash per Share or its related term are showing as below:
During the past 9 years, the highest Price-to-Net-Cash Ratio of Rivco Australia was 106.00. The lowest was 106.00. And the median was 106.00.
ASX:D2O's Price-to-Net-Cash is not ranked *
in the Utilities - Regulated industry.
Industry Median: 5.62 * Ranked among companies with meaningful Price-to-Net-Cash only.
Rivco Australia (ASX:D2O) 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.
Rivco Australia Net Cash per Share Related Terms
Rivco Australia Net Cash per Share Historical Data
* Premium members only.
The historical data trend for Rivco Australia'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.
ASX:D2O vs AWK, WTRG, AWR: Net Cash per Share Comparison
For the Utilities - Regulated Water subindustry, Rivco Australia'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.
Rivco Australia Price-to-Net-Cash vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Rivco Australia's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Rivco Australia'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.
Rivco Australia'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.
Rivco Australia (ASX:D2O) has a Net Cash per Share of A$-0.26 as of Jun. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Rivco Australia and its competitors.
Is Rivco Australia's Net Cash per Share too high?
Rivco Australia's current Net Cash per Share is A$-0.26. Overall, Rivco Australia has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Rivco Australia's Net Cash per Share compare to AWK and WTRG?
Rivco Australia's Net Cash per Share of A$-0.26 can be compared against companies in the Utilities - Regulated industry. The industry median Net Cash per Share is 5.62. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Cash per Share for an Utilities - Regulated company?
The median Net Cash per Share among Utilities - Regulated companies is 5.62, based on 38 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Rivco Australia and its competitors. For the Utilities - Regulated industry, the median Net Cash per Share is 5.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rivco Australia's current Net Cash per Share is A$-0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rivco Australia stock overvalued right now?
Rivco Australia (ASX:D2O) has a current Net Cash per Share of A$-0.26. The stock's GF Value™ is A$1.24, compared to a current price of A$1.53 — trading 23.4% above its estimated fair value. The current Net Cash per Share is A$-0.26. Rivco Australia's overall GF Score™ is 10/100 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 Rivco Australia (ASX:D2O), the current Net Cash per Share is A$-0.26 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 Rivco Australia (ASX:D2O) Overvalued in 2026?
Based on GuruFocus' analysis, Rivco Australia stock appears to be overvalued.
The current stock price of A$1.53 is trading 23.4% above its estimated GF Value™ of A$1.24.
Key valuation signals for ASX:D2O:
Net Cash per Share: A$-0.26
GF Value™: A$1.24 vs. price of A$1.53 (23.4% above fair value)
No single metric tells the full story. See the ASX:D2O stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rivco Australia Ltd provides investors with a direct and pure exposure to Australian water markets. Rivco's primary business activity is to build a diversified portfolio of water entitlements, and through active management, generate a return by offering a range of water supply products to Australian water users. The company are partners with irrigators across the Murray-Darling Basin to deliver reliable water supply solutions. It's products help growers manage seasonal variability and allow planning decisions based on their portfolio.
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