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Telstra GroupASX:TLS -0.40%75 Net Cash per Share is A$-2.65 as of Dec. 2025. GuruFocus rates ASX:TLS with a GF Score™ of 75/100 and a GF Value™ of A$4.42 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 31 Telecommunication Services companies, Telstra Group ranks worse than 3225803.23% on this metric.
The historical rank and industry rank for Telstra Group's Net Cash per Share or its related term are showing as below:
ASX:TLS's Price-to-Net-Cash is not ranked *
in the Telecommunication Services industry.
Industry Median: 6.58 * Ranked among companies with meaningful Price-to-Net-Cash only.
Telstra Group (ASX:TLS) 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.
Telstra Group Net Cash per Share Related Terms
Telstra Group Net Cash per Share Historical Data
* Premium members only.
The historical data trend for Telstra Group'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:TLS vs VZ, TMUS, T: Net Cash per Share Comparison
For the Telecom Services subindustry, Telstra Group'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.
Telstra Group Price-to-Net-Cash vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Telstra Group's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Telstra Group'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.
Telstra Group'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.
Telstra Group (ASX:TLS) has a Net Cash per Share of A$-2.65 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 Telstra Group and its competitors. According to the industry distribution chart, Telstra Group ranks #999999 out of 31 companies in the Telecommunication Services industry.
Is Telstra Group's Net Cash per Share too high?
Telstra Group's current Net Cash per Share is A$-2.65. Based on the distribution chart, Telstra Group ranks #999999 out of 31 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Telstra Group has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Telstra Group's Net Cash per Share compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Telstra Group ranks #999999 out of 31 companies for Net Cash per Share. This places Telstra Group in the lower half of its industry. The industry median Net Cash per Share is 6.58. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Cash per Share for a Telecommunication Services company?
The median Net Cash per Share among Telecommunication Services companies is 6.58, based on 31 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Telstra Group and its competitors. For the Telecommunication Services industry, the median Net Cash per Share is 6.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Telstra Group's current Net Cash per Share is A$-2.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telstra Group stock overvalued right now?
Based on GuruFocus' analysis, Telstra Group (ASX:TLS) is currently considered Modestly Overvalued. The stock's GF Value™ is A$4.42, compared to a current price of A$4.98 — trading 12.7% above its estimated fair value. The current Net Cash per Share is A$-2.65. Telstra Group's overall GF Score™ is 75/100 with 6 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 Telstra Group (ASX:TLS), the current Net Cash per Share is A$-2.65 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 Telstra Group (ASX:TLS) Overvalued in 2026?
Based on GuruFocus' analysis, Telstra Group stock appears to be overvalued.
The current stock price of A$4.98 is trading 12.7% above its estimated GF Value™ of A$4.42.
GuruFocus considers Telstra Group to be Modestly Overvalued.
Key valuation signals for ASX:TLS:
Net Cash per Share: A$-2.65
GF Value™: A$4.42 vs. price of A$4.98 (12.7% above fair value)
No single metric tells the full story. See the ASX:TLS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Telstra is Australia's largest telecommunications company, with dominant market shares in voice, mobile, enterprise telecom, and fixed-line broadband resale via the national broadband network. Telstra provides most of its services via its infrastructure assets, such as a fixed-line network (data centers, exchanges, poles, ducts, pits and pipes, fiber network), a mobile network, and mobile towers. Its customers span retail, corporate, government, wholesale, and overseas segments. Telstra also provides the government-owned, last-mile fixed-line National Broadband Network with long-term access to its infrastructure, in return for recurring payments. Finally, Telstra operates a leading telecom operation in Papua New Guinea and the surrounding South-Pacific countries.
75GF Score
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Net Cash per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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