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Morphic Ethical Equity FundASX:MEC +2.06%36 Net Cash per Share is A$1.22 as of Dec. 2025, which is 100% below its 10-year median of 0.97. GuruFocus rates ASX:MEC with a GF Score™ of 36/100 and a GF Value™ of A$0.76 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 464 Asset Management companies, Morphic Ethical Equity Fund ranks better than 85.99% on this metric.
Morphic Ethical Equity Fund (ASX:MEC) 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.
Morphic Ethical Equity Fund Net Cash per Share Related Terms
Morphic Ethical Equity 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.
Morphic Ethical Equity Fund Net Cash per Share Chart
ASX:MEC vs BLK, BX, KKR: Net Cash per Share Comparison
For the Asset Management subindustry, Morphic Ethical Equity 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.
Morphic Ethical Equity Fund Price-to-Net-Cash vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Morphic Ethical Equity Fund's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Morphic Ethical Equity Fund's Price-to-Net-Cash falls into.
Morphic Ethical Equity 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.
Morphic Ethical Equity Fund's Net Cash per Share for the fiscal year that ended in Jun. 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.
Morphic Ethical Equity Fund (ASX:MEC) has a Net Cash per Share of A$1.22 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 Morphic Ethical Equity Fund and its competitors. This is 26% above median its historical median of 0.97. Over the past decade, Morphic Ethical Equity Fund's Net Cash per Share has ranged from 0.82 to 10.89. According to the industry distribution chart, Morphic Ethical Equity Fund ranks #65 out of 464 companies in the Asset Management industry, placing it in the top 14%.
Is Morphic Ethical Equity Fund's Net Cash per Share too high?
Morphic Ethical Equity Fund's current Net Cash per Share of A$1.22 is 26% above median its 10-year median of 0.97. Over the past 10 years, this metric has ranged from a low of 0.82 to a high of 10.89. Based on the distribution chart, Morphic Ethical Equity Fund ranks #65 out of 464 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Morphic Ethical Equity Fund has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Morphic Ethical Equity Fund's Net Cash per Share compare to BLK and BX?
According to the Asset Management industry distribution chart, Morphic Ethical Equity Fund ranks #65 out of 464 companies for Net Cash per Share. This places Morphic Ethical Equity Fund in the top 14% of its industry — outperforming the majority of peers. The industry median Net Cash per Share is 6.09. Historically, Morphic Ethical Equity Fund's own Net Cash per Share has ranged from 0.82 to 10.89 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 Asset Management company?
The median Net Cash per Share among Asset Management companies is 6.09, based on 464 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 Morphic Ethical Equity Fund and its competitors. For the Asset Management industry, the median Net Cash per Share is 6.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morphic Ethical Equity Fund's current Net Cash per Share is A$1.22, which is 26% above median its own 10-year median of 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morphic Ethical Equity Fund stock overvalued right now?
Based on GuruFocus' analysis, Morphic Ethical Equity Fund (ASX:MEC) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.76, compared to a current price of A$1.24 — trading 63.2% above its estimated fair value. The current Net Cash per Share is A$1.22, which is 26% above median its 10-year median of 0.97. Morphic Ethical Equity Fund's overall GF Score™ is 36/100 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 Morphic Ethical Equity Fund (ASX:MEC), the current Net Cash per Share is A$1.22 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 Morphic Ethical Equity Fund (ASX:MEC) Overvalued in 2026?
Based on GuruFocus' analysis, Morphic Ethical Equity Fund stock appears to be overvalued.
The current stock price of A$1.24 is trading 63.2% above its estimated GF Value™ of A$0.76.
GuruFocus considers Morphic Ethical Equity Fund to be Significantly Overvalued.
Key valuation signals for ASX:MEC:
Net Cash per Share: A$1.22 (26% above median its 10-year median of 0.97)
GF Value™: A$0.76 vs. price of A$1.24 (63.2% above fair value)
No single metric tells the full story. See the ASX:MEC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Morphic Ethical Equity Fund Ltd is an investment company. Its investment objective is to provide superior risk-adjusted returns to shareholders, comprising a combination of capital growth and income, thus allowing franked dividends to be paid to shareholders when prudent, and provided the company has sufficient profit reserves and franking credits available. The company invests in a portfolio of internationally listed securities screened to exclude entities involved in environmentally damaging activities (including coal and uranium, mining and oil and gas), intensive farming and aquaculture, tobacco, armaments, alcohol, and gambling. It earns revenue from dividend income, interest income, and other returns from the investment portfolio.
36GF Score
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