Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
AeroVironmentAVAV +9.12%80 Net Cash per Share is $-13.52 as of Apr. 2026. GuruFocus rates AVAV with a GF Score™ of 80/100 and a GF Value™ of $257.23 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 72 Aerospace & Defense companies, AeroVironment ranks worse than 1388887.5% on this metric.
The historical rank and industry rank for AeroVironment's Net Cash per Share or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Cash Ratio of AeroVironment was 6.76. The lowest was 4.52. And the median was 6.15.
AVAV's Price-to-Net-Cash is not ranked *
in the Aerospace & Defense industry.
Industry Median: 14.055 * Ranked among companies with meaningful Price-to-Net-Cash only.
AeroVironment (NAS:AVAV) 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.
AeroVironment Net Cash per Share Related Terms
AeroVironment Net Cash per Share Historical Data
* Premium members only.
The historical data trend for AeroVironment'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.
AVAV vs PL, DPC, HXL: Net Cash per Share Comparison
For the Aerospace & Defense subindustry, AeroVironment'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.
AeroVironment Price-to-Net-Cash vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, AeroVironment's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where AeroVironment'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.
AeroVironment's Net Cash per Share for the fiscal year that ended in Apr. 2026 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.
AeroVironment (AVAV) has a Net Cash per Share of $-13.52 as of Apr. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on AeroVironment and its competitors. Over the past decade, AeroVironment's Net Cash per Share has ranged from 4.52 to 6.76. According to the industry distribution chart, AeroVironment ranks #999999 out of 72 companies in the Aerospace & Defense industry.
Is AeroVironment's Net Cash per Share too high?
AeroVironment's current Net Cash per Share is $-13.52. Over the past 10 years, this metric has ranged from a low of 4.52 to a high of 6.76. Based on the distribution chart, AeroVironment ranks #999999 out of 72 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, AeroVironment has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AeroVironment's Net Cash per Share compare to PL and DPC?
According to the Aerospace & Defense industry distribution chart, AeroVironment ranks #999999 out of 72 companies for Net Cash per Share. This places AeroVironment in the lower half of its industry. The industry median Net Cash per Share is 14.06. Historically, AeroVironment's own Net Cash per Share has ranged from 4.52 to 6.76 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 Aerospace & Defense company?
The median Net Cash per Share among Aerospace & Defense companies is 14.06, based on 72 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 AeroVironment and its competitors. For the Aerospace & Defense industry, the median Net Cash per Share is 14.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AeroVironment's current Net Cash per Share is $-13.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AeroVironment stock overvalued right now?
Based on GuruFocus' analysis, AeroVironment (AVAV) is currently considered Modestly Undervalued. The stock's GF Value™ is $257.23, compared to a current price of $186.73 — trading 27.4% below its estimated fair value. The current Net Cash per Share is $-13.52. AeroVironment's overall GF Score™ is 80/100 with 5 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 AeroVironment (AVAV), the current Net Cash per Share is $-13.52 as of Apr. 2026. 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 AeroVironment (AVAV) Overvalued in 2026?
Based on GuruFocus' analysis, AeroVironment stock appears to be undervalued.
The current stock price of $186.73 is trading 27.4% below its estimated GF Value™ of $257.23.
GuruFocus considers AeroVironment to be Modestly Undervalued.
Key valuation signals for AVAV:
Net Cash per Share: $-13.52
GF Value™: $257.23 vs. price of $186.73 (27.4% below fair value)
No single metric tells the full story. See the AVAV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AeroVironment Inc supplies unmanned aircraft systems, tactical missile systems, high-altitude pseudo-satellites, and other related services to government agencies within the United States Department of Defense as well as the United States allied international governments. The systems can help with security, surveillance, or sensing, and provide eyes in the sky without needing an actual person, or driver in the sky. The company is a defense technology provider delivering integrated capabilities across air, land, sea, space, and cyber. It develops and deploy autonomous systems, precision strike systems, counter-UAS technologies, space-based platforms, directed energy systems, and cyber and electronic warfare capabilities. Company operates in three segments: UxS, LMS, MW.
80GF Score
Get the complete analysis for AVAV
Net Cash per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
AVAV has been successfully added to your 
