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Dorchester Minerals LPDMLP +0.25%86 Net Cash per Share is $1.29 as of Jun. 2026, which is 97% below its 10-year median of 39.54. GuruFocus rates DMLP with a GF Score™ of 86/100 and a GF Value™ of $29.77 (Fairly Valued). The stock has 8 warning signs investors should review. Among 130 Oil & Gas companies, Dorchester Minerals LP ranks worse than 79.23% on this metric.
Dorchester Minerals LP (NAS:DMLP) 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.
Dorchester Minerals LP Net Cash per Share Related Terms
Dorchester Minerals LP Net Cash per Share Historical Data
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The historical data trend for Dorchester Minerals LP'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.
DMLP vs KRP, TBN, KOS: Net Cash per Share Comparison
For the Oil & Gas E&P subindustry, Dorchester Minerals LP'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.
Dorchester Minerals LP Price-to-Net-Cash vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Dorchester Minerals LP's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Dorchester Minerals LP's Price-to-Net-Cash falls into.
Dorchester Minerals LP 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.
Dorchester Minerals LP'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.
Dorchester Minerals LP (DMLP) has a Net Cash per Share of $1.29 as of Jun. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Dorchester Minerals LP and its competitors. This is 97% below median its historical median of 39.54. Over the past decade, Dorchester Minerals LP's Net Cash per Share has ranged from 19.57 to 67.50. According to the industry distribution chart, Dorchester Minerals LP ranks #103 out of 130 companies in the Oil & Gas industry, placing it in the top 79.2%.
Is Dorchester Minerals LP's Net Cash per Share too high?
Dorchester Minerals LP's current Net Cash per Share of $1.29 is 97% below median its 10-year median of 39.54. Over the past 10 years, this metric has ranged from a low of 19.57 to a high of 67.50. The Oil & Gas industry median Net Cash per Share is 5.66. Dorchester Minerals LP's value of $1.29 is 77.2% below this industry median. Based on the distribution chart, Dorchester Minerals LP ranks #103 out of 130 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Dorchester Minerals LP has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dorchester Minerals LP's Net Cash per Share compare to KRP and TBN?
According to the Oil & Gas industry distribution chart, Dorchester Minerals LP ranks #103 out of 130 companies for Net Cash per Share. This places Dorchester Minerals LP in the lower half of its industry. The industry median Net Cash per Share is 5.66. Dorchester Minerals LP's value of $1.29 is 77.2% below this benchmark. Historically, Dorchester Minerals LP's own Net Cash per Share has ranged from 19.57 to 67.50 over the past decade. While the company's 10-year median is 39.54 vs. the industry median of 5.66, Dorchester Minerals LP 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 an Oil & Gas company?
The median Net Cash per Share among Oil & Gas companies is 5.66, based on 130 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. Dorchester Minerals LP's current Net Cash per Share of $1.29 is 77.2% 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 Dorchester Minerals LP and its competitors. For the Oil & Gas industry, the median Net Cash per Share is 5.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dorchester Minerals LP's current Net Cash per Share is $1.29, which is 97% below median its own 10-year median of 39.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dorchester Minerals LP stock overvalued right now?
Based on GuruFocus' analysis, Dorchester Minerals LP (DMLP) is currently considered Fairly Valued. The stock's GF Value™ is $29.77, compared to a current price of $27.69 — trading 7% below its estimated fair value. The current Net Cash per Share is $1.29, which is 97% below median its 10-year median of 39.54 and 77.2% below the Oil & Gas industry median of 5.66. Dorchester Minerals LP's overall GF Score™ is 86/100 with 8 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 Dorchester Minerals LP (DMLP), the current Net Cash per Share is $1.29 as of Jun. 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 Dorchester Minerals LP (DMLP) Overvalued in 2026?
Based on GuruFocus' analysis, Dorchester Minerals LP stock appears to be undervalued.
The current stock price of $27.69 is trading 7% below its estimated GF Value™ of $29.77.
GuruFocus considers Dorchester Minerals LP to be Fairly Valued.
Key valuation signals for DMLP:
Net Cash per Share: $1.29 (97% below median its 10-year median of 39.54)
GF Value™: $29.77 vs. price of $27.69 (7% below fair value)
Industry Position: 77.2% below the Oil & Gas median (#103 of 130)
No single metric tells the full story. See the DMLP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dorchester Minerals LP operates as the owner of producing and non-producing crude oil and natural gas mineral, royalty, overriding royalty, net profits, and leasehold interests. The company generates revenues from royalties, net profits interests, lease bonuses, and others.
86GF Score
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