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Reef Casino TrustASX:RCT 70 Net Cash per Share is A$-1.76 as of Dec. 2025. GuruFocus rates ASX:RCT with a GF Score™ of 70/100 and a GF Value™ of A$3.00 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 150 Travel & Leisure companies, Reef Casino Trust ranks worse than 666666% on this metric.
The historical rank and industry rank for Reef Casino Trust's Net Cash per Share or its related term are showing as below:
ASX:RCT's Price-to-Net-Cash is not ranked *
in the Travel & Leisure industry.
Industry Median: 6.61 * Ranked among companies with meaningful Price-to-Net-Cash only.
Reef Casino Trust (ASX:RCT) 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.
Reef Casino Trust Net Cash per Share Related Terms
Reef Casino Trust Net Cash per Share Historical Data
* Premium members only.
The historical data trend for Reef Casino Trust'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:RCT vs LVS, MGM, WYNN: Net Cash per Share Comparison
For the Resorts & Casinos subindustry, Reef Casino Trust'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.
Reef Casino Trust Price-to-Net-Cash vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Reef Casino Trust's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Reef Casino Trust'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.
Reef Casino Trust'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.
Reef Casino Trust (ASX:RCT) has a Net Cash per Share of A$-1.76 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 Reef Casino Trust and its competitors. According to the industry distribution chart, Reef Casino Trust ranks #999999 out of 150 companies in the Travel & Leisure industry.
Is Reef Casino Trust's Net Cash per Share too high?
Reef Casino Trust's current Net Cash per Share is A$-1.76. Based on the distribution chart, Reef Casino Trust ranks #999999 out of 150 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Reef Casino Trust has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Reef Casino Trust's Net Cash per Share compare to LVS and MGM?
According to the Travel & Leisure industry distribution chart, Reef Casino Trust ranks #999999 out of 150 companies for Net Cash per Share. This places Reef Casino Trust in the lower half of its industry. The industry median Net Cash per Share is 6.61. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Cash per Share for a Travel & Leisure company?
The median Net Cash per Share among Travel & Leisure companies is 6.61, based on 150 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Reef Casino Trust and its competitors. For the Travel & Leisure industry, the median Net Cash per Share is 6.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Reef Casino Trust's current Net Cash per Share is A$-1.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reef Casino Trust stock overvalued right now?
Based on GuruFocus' analysis, Reef Casino Trust (ASX:RCT) is currently considered Modestly Overvalued. The stock's GF Value™ is A$3.00, compared to a current price of A$3.77 — trading 25.7% above its estimated fair value. The current Net Cash per Share is A$-1.76. Reef Casino Trust's overall GF Score™ is 70/100 with 9 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 Reef Casino Trust (ASX:RCT), the current Net Cash per Share is A$-1.76 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 Reef Casino Trust (ASX:RCT) Overvalued in 2026?
Based on GuruFocus' analysis, Reef Casino Trust stock appears to be overvalued.
The current stock price of A$3.77 is trading 25.7% above its estimated GF Value™ of A$3.00.
GuruFocus considers Reef Casino Trust to be Modestly Overvalued.
Key valuation signals for ASX:RCT:
Net Cash per Share: A$-1.76
GF Value™: A$3.00 vs. price of A$3.77 (25.7% above fair value)
No single metric tells the full story. See the ASX:RCT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Reef Casino Trust is engaged in the operation of the Reef Hotel-Casino Complex located in Cairns, Queensland, Australia. The company derives revenue from the casino, which includes electronic gaming and table games, and the hotel, which includes room accommodation and food and beverage, and others. The majority of the revenue is generated from the rental income received from the casino operations. The company operates in two segments, which includes Casino operations and Hotel segment.
70GF Score
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