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Platinum Asset Management (FRA:PIJ) 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.
Platinum Asset Management Net Cash per Share Related Terms
Platinum Asset Management Net Cash per Share Historical Data
* 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.
Platinum Asset Management Net Cash per Share Chart
FRA:PIJ vs ETV, RQI, ETG: Net Cash per Share Comparison
For the Asset Management subindustry, Platinum Asset Management'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.
Platinum Asset Management Price-to-Net-Cash vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Platinum Asset Management's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Platinum Asset Management's Price-to-Net-Cash falls into.
Platinum Asset Management 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.
Platinum Asset Management's Net Cash per Share for the fiscal year that ended in Jun. 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.
Platinum Asset Management (FRA:PIJ) has a Net Cash per Share of €0.09 as of Jun. 2025. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Platinum Asset Management and its competitors.
Is Platinum Asset Management's Net Cash per Share too high?
Platinum Asset Management's current Net Cash per Share is €0.09. Overall, Platinum Asset Management has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Platinum Asset Management's Net Cash per Share compare to ETV and RQI?
Platinum Asset Management's Net Cash per Share of €0.09 can be compared against companies in the Asset Management industry. The industry median Net Cash per Share is 6.59. 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 6.59, based on 457 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 Platinum Asset Management and its competitors. For the Asset Management industry, the median Net Cash per Share is 6.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Platinum Asset Management's current Net Cash per Share is €0.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Platinum Asset Management stock overvalued right now?
Platinum Asset Management (FRA:PIJ) has a current Net Cash per Share of €0.09. The stock's GF Value™ is €0.37, compared to a current price of €0.38 — trading 3.2% above its estimated fair value. The current Net Cash per Share is €0.09. Platinum Asset Management's overall GF Score™ is 12/100 with 3 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 Platinum Asset Management (FRA:PIJ), the current Net Cash per Share is €0.09 as of Jun. 2025. 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 Platinum Asset Management (FRA:PIJ) Overvalued in 2026?
Based on GuruFocus' analysis, Platinum Asset Management stock appears to be overvalued.
The current stock price of €0.38 is trading 3.2% above its estimated GF Value™ of €0.37.
Key valuation signals for FRA:PIJ:
Net Cash per Share: €0.09
GF Value™: €0.37 vs. price of €0.38 (3.2% above fair value)
No single metric tells the full story. See the FRA:PIJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
L1 Group was formed through the strategic merger of two Australian investment management firms: Platinum Asset Management, a Sydney-based international equities manager founded in 1994, and L1 Capital, a Melbourne-based boutique founded in 2007 with diversified capabilities across equities, alternatives, and property investments. The combined entity serves a diverse client base encompassing institutional investors, wholesale clients, high-net-worth individuals, and retail investors across both domestic and international markets. The firm has approximately AUD 17 billion in funds under management as of June 2025.
12GF Score
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Net Cash per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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