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DoximityDOCS -0.22%82 Net Cash per Share is $3.15 as of Mar. 2026, which is 66% below its 10-year median of 9.36. GuruFocus rates DOCS with a GF Score™ of 82/100 and a GF Value™ of $49.30 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 150 Healthcare Providers & Services companies, Doximity ranks better than 53.33% on this metric.
The historical rank and industry rank for Doximity's Net Cash per Share or its related term are showing as below:
DOCS'
s Price-to-Net-Cash Range Over the Past 10 Years
Min: 7.02 Med: 9.36 Max: 14.92
Current: 7.05
During the past 8 years, the highest Price-to-Net-Cash Ratio of Doximity was 14.92. The lowest was 7.02. And the median was 9.36.
DOCS's Price-to-Net-Cash is ranked better than 53.33% of 150
companies
in the Healthcare Providers & Services industry
Industry Median: 8.835
vs DOCS: 7.05
Doximity (NYSE:DOCS) 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.
Doximity Net Cash per Share Related Terms
Doximity Net Cash per Share Historical Data
* Premium members only.
The historical data trend for Doximity'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.
DOCS vs WAY, PRVA, HTFL: Net Cash per Share Comparison
For the Health Information Services subindustry, Doximity'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.
Doximity Price-to-Net-Cash vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Doximity's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Doximity'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.
Doximity's Net Cash per Share for the fiscal year that ended in Mar. 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.
Doximity (DOCS) has a Net Cash per Share of $3.15 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 Doximity and its competitors. This is 66% below median its historical median of 9.36. Over the past decade, Doximity's Net Cash per Share has ranged from 7.02 to 14.92. According to the industry distribution chart, Doximity ranks #70 out of 150 companies in the Healthcare Providers & Services industry, placing it in the top 46.7%.
Is Doximity's Net Cash per Share too high?
Doximity's current Net Cash per Share of $3.15 is 66% below median its 10-year median of 9.36. Over the past 10 years, this metric has ranged from a low of 7.02 to a high of 14.92. The Healthcare Providers & Services industry median Net Cash per Share is 8.84. Doximity's value of $3.15 is 64.3% below this industry median. Based on the distribution chart, Doximity ranks #70 out of 150 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Doximity has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Doximity's Net Cash per Share compare to WAY and PRVA?
According to the Healthcare Providers & Services industry distribution chart, Doximity ranks #70 out of 150 companies for Net Cash per Share. This puts Doximity in the upper half of its industry. The industry median Net Cash per Share is 8.84. Doximity's value of $3.15 is 64.3% below this benchmark. Historically, Doximity's own Net Cash per Share has ranged from 7.02 to 14.92 over the past decade. While the company's 10-year median is 9.36 vs. the industry median of 8.84, Doximity 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 Healthcare Providers & Services company?
The median Net Cash per Share among Healthcare Providers & Services companies is 8.84, based on 150 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. Doximity's current Net Cash per Share of $3.15 is 64.3% 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 Doximity and its competitors. For the Healthcare Providers & Services industry, the median Net Cash per Share is 8.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Doximity's current Net Cash per Share is $3.15, which is 66% below median its own 10-year median of 9.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Doximity stock overvalued right now?
Based on GuruFocus' analysis, Doximity (DOCS) is currently considered Significantly Undervalued. The stock's GF Value™ is $49.30, compared to a current price of $22.21 — trading 54.9% below its estimated fair value. The current Net Cash per Share is $3.15, which is 66% below median its 10-year median of 9.36 and 64.3% below the Healthcare Providers & Services industry median of 8.84. Doximity's overall GF Score™ is 82/100 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 Doximity (DOCS), the current Net Cash per Share is $3.15 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 Doximity (DOCS) Overvalued in 2026?
Based on GuruFocus' analysis, Doximity stock appears to be undervalued.
The current stock price of $22.21 is trading 54.9% below its estimated GF Value™ of $49.30.
GuruFocus considers Doximity to be Significantly Undervalued.
Key valuation signals for DOCS:
Net Cash per Share: $3.15 (66% below median its 10-year median of 9.36)
GF Value™: $49.30 vs. price of $22.21 (54.9% below fair value)
Industry Position: 64.3% below the Healthcare Providers & Services median (#70 of 150)
No single metric tells the full story. See the DOCS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Doximity Inc provides an online platform, which enables physicians and other healthcare professionals to collaborate with colleagues, stay up to date with the latest medical news and research, manage their careers and on-call schedules, streamline documentation and administrative paperwork, and conduct virtual patient visits. The Company's customers include pharmaceutical companies and health systems that connect with healthcare professionals through the Company's digital Marketing, Hiring, and Workflow Solutions. Marketing Solutions provide customers with the ability to share tailored content on the network. Hiring Solutions enable customers to identify, connect with, and hire from the network of both active and passive potential medical professional candidates.
82GF Score
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