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Covalon TechnologiesCVALF 83 Net Cash per Share is $0.30 as of Mar. 2026, which is 96% below its 10-year median of 7.11. GuruFocus rates CVALF with a GF Score™ of 83/100 and a GF Value™ of $1.54 (Fairly Valued). The stock has 2 warning signs investors should review. Among 302 Medical Devices & Instruments companies, Covalon Technologies ranks better than 62.91% on this metric.
The historical rank and industry rank for Covalon Technologies's Net Cash per Share or its related term are showing as below:
CVALF'
s Price-to-Net-Cash Range Over the Past 10 Years
Min: 4 Med: 7.11 Max: 81.5
Current: 5.42
During the past 13 years, the highest Price-to-Net-Cash Ratio of Covalon Technologies was 81.50. The lowest was 4.00. And the median was 7.11.
CVALF's Price-to-Net-Cash is ranked better than 62.91% of 302
companies
in the Medical Devices & Instruments industry
Industry Median: 7.54
vs CVALF: 5.42
Covalon Technologies (OTCPK:CVALF) 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.
Covalon Technologies Net Cash per Share Related Terms
Covalon Technologies Net Cash per Share Historical Data
* Premium members only.
The historical data trend for Covalon Technologies'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.
CVALF vs ISRG, BDX, MDLN: Net Cash per Share Comparison
For the Medical Instruments & Supplies subindustry, Covalon Technologies'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.
Covalon Technologies Price-to-Net-Cash vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Covalon Technologies's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Covalon Technologies's Price-to-Net-Cash falls into.
Covalon Technologies 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.
Covalon Technologies's Net Cash per Share for the fiscal year that ended in Sep. 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.
Covalon Technologies (CVALF) has a Net Cash per Share of $0.30 as of Mar. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Covalon Technologies and its competitors. This is 96% below median its historical median of 7.11. Over the past decade, Covalon Technologies' Net Cash per Share has ranged from 4.00 to 81.50. According to the industry distribution chart, Covalon Technologies ranks #112 out of 302 companies in the Medical Devices & Instruments industry, placing it in the top 37.1%.
Is Covalon Technologies' Net Cash per Share too high?
Covalon Technologies' current Net Cash per Share of $0.30 is 96% below median its 10-year median of 7.11. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 81.50. The Medical Devices & Instruments industry median Net Cash per Share is 7.54. Covalon Technologies' value of $0.30 is 96% below this industry median. Based on the distribution chart, Covalon Technologies ranks #112 out of 302 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Covalon Technologies has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Covalon Technologies' Net Cash per Share compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Covalon Technologies ranks #112 out of 302 companies for Net Cash per Share. This puts Covalon Technologies in the upper half of its industry. The industry median Net Cash per Share is 7.54. Covalon Technologies' value of $0.30 is 96% below this benchmark. Historically, Covalon Technologies' own Net Cash per Share has ranged from 4.00 to 81.50 over the past decade. While the company's 10-year median is 7.11 vs. the industry median of 7.54, Covalon Technologies has consistently been below the industry average. 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 Medical Devices & Instruments company?
The median Net Cash per Share among Medical Devices & Instruments companies is 7.54, based on 302 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. Covalon Technologies's current Net Cash per Share of $0.30 is 96% below the industry median. 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 Covalon Technologies and its competitors. For the Medical Devices & Instruments industry, the median Net Cash per Share is 7.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Covalon Technologies's current Net Cash per Share is $0.30, which is 96% below median its own 10-year median of 7.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Covalon Technologies stock overvalued right now?
Based on GuruFocus' analysis, Covalon Technologies (CVALF) is currently considered Fairly Valued. The stock's GF Value™ is $1.54, compared to a current price of $1.57 — trading 2.1% above its estimated fair value. The current Net Cash per Share is $0.30, which is 96% below median its 10-year median of 7.11 and 96% below the Medical Devices & Instruments industry median of 7.54. Covalon Technologies' overall GF Score™ is 83/100 with 2 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 Covalon Technologies (CVALF), the current Net Cash per Share is $0.30 as of Mar. 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 Covalon Technologies (CVALF) Overvalued in 2026?
Based on GuruFocus' analysis, Covalon Technologies stock appears to be overvalued.
The current stock price of $1.57 is trading 2.1% above its estimated GF Value™ of $1.54.
GuruFocus considers Covalon Technologies to be Fairly Valued.
Key valuation signals for CVALF:
Net Cash per Share: $0.30 (96% below median its 10-year median of 7.11)
GF Value™: $1.54 vs. price of $1.57 (2.1% above fair value)
Industry Position: 96% below the Medical Devices & Instruments median (#112 of 302)
No single metric tells the full story. See the CVALF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Covalon Technologies Ltd is engaged in the business of researching, developing, manufacturing, and marketing patent-protected medical products that improve patient outcomes in the areas of infection management, wound care, and surgical procedures. The company generates revenue through development contracts, licensing agreements, distribution contracts, and sales. Its products include IV dressings, surgical site protection products, vascular access protection products, and others, and its solutions include primary dressing cover, vascular access technologies, advanced wound care, sensitive skin solutions, custom medical coatings, and patient resource support.
83GF Score
Get the complete analysis for CVALF
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