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Spheria Emerging CoASX:SEC +0.43%53 Net Cash per Share is A$2.50 as of Dec. 2025, which is 100% below its 10-year median of 0.97. GuruFocus rates ASX:SEC with a GF Score™ of 53/100 and a GF Value™ of A$3.51 (Significantly Undervalued). Among 447 Asset Management companies, Spheria Emerging Co ranks better than 87.7% on this metric.
Spheria Emerging Co (ASX:SEC) 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.
Spheria Emerging Co Net Cash per Share Related Terms
Spheria Emerging Co Net Cash per Share Historical Data
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The historical data trend for Spheria Emerging Co'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:SEC vs BLK, BX, KKR: Net Cash per Share Comparison
For the Asset Management subindustry, Spheria Emerging Co'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.
Spheria Emerging Co Price-to-Net-Cash vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Spheria Emerging Co's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Spheria Emerging Co's Price-to-Net-Cash falls into.
Spheria Emerging Co 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.
Spheria Emerging Co'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.
Spheria Emerging Co (ASX:SEC) has a Net Cash per Share of A$2.50 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 Spheria Emerging Co and its competitors. This is 158% above median its historical median of 0.97. Over the past decade, Spheria Emerging Co's Net Cash per Share has ranged from 0.86 to 190.00. According to the industry distribution chart, Spheria Emerging Co ranks #55 out of 447 companies in the Asset Management industry, placing it in the top 12.3%.
Is Spheria Emerging Co's Net Cash per Share too high?
Spheria Emerging Co's current Net Cash per Share of A$2.50 is 158% above median its 10-year median of 0.97. Over the past 10 years, this metric has ranged from a low of 0.86 to a high of 190.00. Based on the distribution chart, Spheria Emerging Co ranks #55 out of 447 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Spheria Emerging Co has a GF Score™ of 53/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spheria Emerging Co's Net Cash per Share compare to BLK and BX?
According to the Asset Management industry distribution chart, Spheria Emerging Co ranks #55 out of 447 companies for Net Cash per Share. This places Spheria Emerging Co in the top 12% of its industry — outperforming the majority of peers. The industry median Net Cash per Share is 5.41. Historically, Spheria Emerging Co's own Net Cash per Share has ranged from 0.86 to 190.00 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 an Asset Management company?
The median Net Cash per Share among Asset Management companies is 5.41, based on 447 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 Spheria Emerging Co and its competitors. For the Asset Management industry, the median Net Cash per Share is 5.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spheria Emerging Co's current Net Cash per Share is A$2.50, which is 158% 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 Spheria Emerging Co stock overvalued right now?
Based on GuruFocus' analysis, Spheria Emerging Co (ASX:SEC) is currently considered Significantly Undervalued. The stock's GF Value™ is A$3.51, compared to a current price of A$2.33 — trading 33.6% below its estimated fair value. The current Net Cash per Share is A$2.50, which is 158% above median its 10-year median of 0.97. Spheria Emerging Co's overall GF Score™ is 53/100. 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 Spheria Emerging Co (ASX:SEC), the current Net Cash per Share is A$2.50 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 Spheria Emerging Co (ASX:SEC) Overvalued in 2026?
Based on GuruFocus' analysis, Spheria Emerging Co stock appears to be undervalued.
The current stock price of A$2.33 is trading 33.6% below its estimated GF Value™ of A$3.51.
GuruFocus considers Spheria Emerging Co to be Significantly Undervalued.
Key valuation signals for ASX:SEC:
Net Cash per Share: A$2.50 (158% above median its 10-year median of 0.97)
GF Value™: A$3.51 vs. price of A$2.33 (33.6% below fair value)
No single metric tells the full story. See the ASX:SEC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spheria Emerging Co Ltd is an investment management company focus specializing in small and microcap companies. The company's investment objective is to provide total returns over the Benchmark; and capital growth, over each full investment cycle. the company operates in a single segment which is investment activities & Geographically it operates from Australia only.
53GF Score
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