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Zip CoASX:ZIP -3.38%65 Net Cash per Share is A$-2.47 as of Dec. 2025. GuruFocus rates ASX:ZIP with a GF Score™ of 65/100 and a GF Value™ of A$2.11 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 60 Credit Services companies, Zip Co ranks worse than 1666665% on this metric.
The historical rank and industry rank for Zip Co's Net Cash per Share or its related term are showing as below:
ASX:ZIP's Price-to-Net-Cash is not ranked *
in the Credit Services industry.
Industry Median: 8.53 * Ranked among companies with meaningful Price-to-Net-Cash only.
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.
Zip Co Net Cash per Share Related Terms
Zip Co Net Cash per Share Historical Data
* Premium members only.
The historical data trend for Zip 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:ZIP vs V, MA, AXP: Net Cash per Share Comparison
For the Credit Services subindustry, Zip 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.
Zip Co Price-to-Net-Cash vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Zip Co's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Zip Co'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.
Zip 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.
Zip Co (ASX:ZIP) has a Net Cash per Share of A$-2.47 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 Zip Co and its competitors. According to the industry distribution chart, Zip Co ranks #999999 out of 60 companies in the Credit Services industry.
Is Zip Co's Net Cash per Share too high?
Zip Co's current Net Cash per Share is A$-2.47. Based on the distribution chart, Zip Co ranks #999999 out of 60 companies in the Credit Services industry, which is in the bottom quartile relative to peers. Overall, Zip Co has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zip Co's Net Cash per Share compare to V and MA?
According to the Credit Services industry distribution chart, Zip Co ranks #999999 out of 60 companies for Net Cash per Share. This places Zip Co in the lower half of its industry. The industry median Net Cash per Share is 8.53. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Cash per Share for a Credit Services company?
The median Net Cash per Share among Credit Services companies is 8.53, based on 60 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Zip Co and its competitors. For the Credit Services industry, the median Net Cash per Share is 8.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zip Co's current Net Cash per Share is A$-2.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zip Co stock overvalued right now?
Based on GuruFocus' analysis, Zip Co (ASX:ZIP) is currently considered Significantly Overvalued. The stock's GF Value™ is A$2.11, compared to a current price of A$2.86 — trading 35.5% above its estimated fair value. The current Net Cash per Share is A$-2.47. Zip Co's overall GF Score™ is 65/100 with 7 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 Zip Co (ASX:ZIP), the current Net Cash per Share is A$-2.47 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 Zip Co (ASX:ZIP) Overvalued in 2026?
Based on GuruFocus' analysis, Zip Co stock appears to be overvalued.
The current stock price of A$2.86 is trading 35.5% above its estimated GF Value™ of A$2.11.
GuruFocus considers Zip Co to be Significantly Overvalued.
Key valuation signals for ASX:ZIP:
Net Cash per Share: A$-2.47
GF Value™: A$2.11 vs. price of A$2.86 (35.5% above fair value)
No single metric tells the full story. See the ASX:ZIP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zip is a credit provider operating two segments: Australia and New Zealand, and the US. Founded in Australia in 2013, it has over 6 million active customers and partners with over 85,000 merchants. In Australia, Zip positions itself as a credit card alternative, with several revolving credit products. Customers can carry the balance over time with a monthly fee and set their own repayment schedule. The US and New Zealand offering is a far more vanilla BNPL offering: Pay-in-4 in New Zealand and Pay-in-Z in the US, where customers pay back in fixed instalments. The US segment is built on the 2020 acquisition of QuadPay and has recently become Zip's largest and fastest-growing segment.
65GF Score
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