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DeFi DevelopmentDFDV +7.60%60 Net Cash per Share is $-7.23 as of Mar. 2026. GuruFocus rates DFDV with a GF Score™ of 60/100 and a GF Value™ of $2.56 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 463 Asset Management companies, DeFi Development ranks worse than 215982.51% on this metric.
The historical rank and industry rank for DeFi Development's Net Cash per Share or its related term are showing as below:
During the past 6 years, the highest Price-to-Net-Cash Ratio of DeFi Development was 7.94. The lowest was 2.16. And the median was 3.18.
DFDV's Price-to-Net-Cash is not ranked *
in the Asset Management industry.
Industry Median: 5.87 * Ranked among companies with meaningful Price-to-Net-Cash only.
DeFi Development (NAS:DFDV) 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.
DeFi Development Net Cash per Share Related Terms
DeFi Development Net Cash per Share Historical Data
* Premium members only.
The historical data trend for DeFi Development'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.
DFDV vs VGI, DTF, PFX: Net Cash per Share Comparison
For the Asset Management subindustry, DeFi Development'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.
DeFi Development Price-to-Net-Cash vs Asset Management Industry
For the Asset Management industry and Financial Services sector, DeFi Development's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where DeFi Development'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.
DeFi Development's Net Cash per Share for the fiscal year that ended in Dec. 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.
DeFi Development (DFDV) has a Net Cash per Share of $-7.23 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 DeFi Development and its competitors. Over the past decade, DeFi Development's Net Cash per Share has ranged from 2.16 to 7.94. According to the industry distribution chart, DeFi Development ranks #999999 out of 463 companies in the Asset Management industry.
Is DeFi Development's Net Cash per Share too high?
DeFi Development's current Net Cash per Share is $-7.23. Over the past 10 years, this metric has ranged from a low of 2.16 to a high of 7.94. Based on the distribution chart, DeFi Development ranks #999999 out of 463 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, DeFi Development has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does DeFi Development's Net Cash per Share compare to VGI and DTF?
According to the Asset Management industry distribution chart, DeFi Development ranks #999999 out of 463 companies for Net Cash per Share. This places DeFi Development in the lower half of its industry. The industry median Net Cash per Share is 5.87. Historically, DeFi Development's own Net Cash per Share has ranged from 2.16 to 7.94 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 5.87, based on 463 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 DeFi Development and its competitors. For the Asset Management industry, the median Net Cash per Share is 5.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DeFi Development's current Net Cash per Share is $-7.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DeFi Development stock overvalued right now?
Based on GuruFocus' analysis, DeFi Development (DFDV) is currently considered Modestly Overvalued. The stock's GF Value™ is $2.56, compared to a current price of $3.05 — trading 18.9% above its estimated fair value. The current Net Cash per Share is $-7.23. DeFi Development's overall GF Score™ is 60/100 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 DeFi Development (DFDV), the current Net Cash per Share is $-7.23 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 DeFi Development (DFDV) Overvalued in 2026?
Based on GuruFocus' analysis, DeFi Development stock appears to be overvalued.
The current stock price of $3.05 is trading 18.9% above its estimated GF Value™ of $2.56.
GuruFocus considers DeFi Development to be Modestly Overvalued.
Key valuation signals for DFDV:
Net Cash per Share: $-7.23
GF Value™: $2.56 vs. price of $3.05 (18.9% above fair value)
No single metric tells the full story. See the DFDV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DeFi Development Corp is a U.S. company committed to building its treasury around Solana (SOL), a fast-growing blockchain infrastructure platform. This equity delivers shareholders tangible exposure to SOL price movement and staking rewards, making the firm a proxy for the Solana ecosystem. The treasury extends to running its own validator infrastructure, allowing DFDV to actively participate in and benefit from the Solana network expansion. The firm has two segments: Digital Asset Treasury ("Treasury") and Real Estate Platform ("Real Estate"). The company generates the majority of its revenue from the Treasury segment.
60GF Score
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