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Path2 Hydrogen AGFRA:PTHH +24.53%29 Net Cash per Share is €-0.24 as of Dec. 2025. GuruFocus rates FRA:PTHH with a GF Score™ of 29/100. The stock has 5 warning signs investors should review. Among 38 Utilities - Regulated companies, Path2 Hydrogen AG ranks worse than 2631576.32% on this metric.
The historical rank and industry rank for Path2 Hydrogen AG's Net Cash per Share or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Cash Ratio of Path2 Hydrogen AG was 25.60. The lowest was 6.85. And the median was 11.11.
FRA:PTHH's Price-to-Net-Cash is not ranked *
in the Utilities - Regulated industry.
Industry Median: 5.515 * Ranked among companies with meaningful Price-to-Net-Cash only.
Path2 Hydrogen AG (FRA:PTHH) 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.
Path2 Hydrogen AG Net Cash per Share Related Terms
Path2 Hydrogen AG Net Cash per Share Historical Data
* Premium members only.
The historical data trend for Path2 Hydrogen AG'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.
FRA:PTHH vs ATO, NI, UGI: Net Cash per Share Comparison
For the Utilities - Regulated Gas subindustry, Path2 Hydrogen AG'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.
Path2 Hydrogen AG Price-to-Net-Cash vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Path2 Hydrogen AG's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Path2 Hydrogen AG'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.
Path2 Hydrogen AG'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.
Path2 Hydrogen AG (FRA:PTHH) has a Net Cash per Share of €-0.24 as of Dec. 2025. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Path2 Hydrogen AG and its competitors. According to the industry distribution chart, Path2 Hydrogen AG ranks #999999 out of 38 companies in the Utilities - Regulated industry.
Is Path2 Hydrogen AG's Net Cash per Share too high?
Path2 Hydrogen AG's current Net Cash per Share is €-0.24. Based on the distribution chart, Path2 Hydrogen AG ranks #999999 out of 38 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Path2 Hydrogen AG has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Path2 Hydrogen AG's Net Cash per Share compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Path2 Hydrogen AG ranks #999999 out of 38 companies for Net Cash per Share. This places Path2 Hydrogen AG in the lower half of its industry. The industry median Net Cash per Share is 5.52. 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 Utilities - Regulated company?
The median Net Cash per Share among Utilities - Regulated companies is 5.52, based on 38 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 Path2 Hydrogen AG and its competitors. For the Utilities - Regulated industry, the median Net Cash per Share is 5.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Path2 Hydrogen AG's current Net Cash per Share is €-0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Path2 Hydrogen AG stock overvalued right now?
Path2 Hydrogen AG (FRA:PTHH) has a current Net Cash per Share of €-0.24. The current Net Cash per Share is €-0.24. Path2 Hydrogen AG's overall GF Score™ is 29/100 with 5 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 Path2 Hydrogen AG (FRA:PTHH), the current Net Cash per Share is €-0.24 as of Dec. 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.
Path2 Hydrogen AG is focused on advancing the hydrogen infrastructure economy. It involves in liquefaction, transfer and storage of hydrogen and equipment.
29GF Score
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