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Minerals ExplorationASX:MEX +3.17% Net Cash per Share is A$0.02 as of Dec. 2025, which is 100% below its 10-year median of 1.88. Among 1,059 Metals & Mining companies, Minerals Exploration ranks better than 80.17% on this metric.
Minerals Exploration (ASX:MEX) 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.
Minerals Exploration Net Cash per Share Related Terms
Minerals Exploration Net Cash per Share Historical Data
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The historical data trend for Minerals Exploration'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.
For the Gold subindustry, Minerals Exploration'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.
Minerals Exploration Price-to-Net-Cash vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Minerals Exploration's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Minerals Exploration's Price-to-Net-Cash falls into.
Minerals Exploration 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.
Minerals Exploration'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.
Minerals Exploration (ASX:MEX) has a Net Cash per Share of A$0.02 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 Minerals Exploration and its competitors. This is 99% below median its historical median of 1.88. Over the past decade, Minerals Exploration's Net Cash per Share has ranged from 0.20 to 10.00. According to the industry distribution chart, Minerals Exploration ranks #210 out of 1059 companies in the Metals & Mining industry, placing it in the top 19.8%.
Is Minerals Exploration's Net Cash per Share too high?
Minerals Exploration's current Net Cash per Share of A$0.02 is 99% below median its 10-year median of 1.88. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 10.00. Based on the distribution chart, Minerals Exploration ranks #210 out of 1059 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers.
How does Minerals Exploration's Net Cash per Share compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Minerals Exploration ranks #210 out of 1059 companies for Net Cash per Share. This places Minerals Exploration in the top 20% of its industry — outperforming the majority of peers. The industry median Net Cash per Share is 7.39. Historically, Minerals Exploration's own Net Cash per Share has ranged from 0.20 to 10.00 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 Metals & Mining company?
The median Net Cash per Share among Metals & Mining companies is 7.39, based on 1,059 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 Minerals Exploration and its competitors. For the Metals & Mining industry, the median Net Cash per Share is 7.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Minerals Exploration's current Net Cash per Share is A$0.02, which is 99% below median its own 10-year median of 1.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Minerals Exploration stock overvalued right now?
Minerals Exploration (ASX:MEX) has a current Net Cash per Share of A$0.02. The current Net Cash per Share is A$0.02, which is 99% below median its 10-year median of 1.88. 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 Minerals Exploration (ASX:MEX), the current Net Cash per Share is A$0.02 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.
Minerals Exploration Ltd is a company focused on gold exploration. The company is implementing an aggressive brownfields exploration across its portfolio of New Zealand gold assets. These assets contain previously identified mineralisation from historical production and exploration activities, are located in the Hauraki and Otago Goldfields, and are situated near established deposits.
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