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Sleep NumberFRA:SL2 52 Net Cash per Share is €-47.51 as of Mar. 2026. GuruFocus rates FRA:SL2 with a GF Score™ of 52/100 and a GF Value™ of €55.88. The stock has 8 warning signs investors should review. Among 86 Furnishings, Fixtures & Appliances companies, Sleep Number ranks worse than 1162789.53% on this metric.
The historical rank and industry rank for Sleep Number's Net Cash per Share or its related term are showing as below:
FRA:SL2's Price-to-Net-Cash is not ranked *
in the Furnishings, Fixtures & Appliances industry.
Industry Median: 7.365 * Ranked among companies with meaningful Price-to-Net-Cash only.
Sleep Number (FRA:SL2) 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.
Sleep Number Net Cash per Share Related Terms
Sleep Number Net Cash per Share Historical Data
* Premium members only.
The historical data trend for Sleep Number'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:SL2 vs LBRA, NCLX, LUVU: Net Cash per Share Comparison
For the Furnishings, Fixtures & Appliances subindustry, Sleep Number'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.
Sleep Number Price-to-Net-Cash vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Sleep Number's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Sleep Number'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.
Sleep Number'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.
Sleep Number (FRA:SL2) has a Net Cash per Share of €-47.51 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 Sleep Number and its competitors. According to the industry distribution chart, Sleep Number ranks #999999 out of 86 companies in the Furnishings, Fixtures & Appliances industry.
Is Sleep Number's Net Cash per Share too high?
Sleep Number's current Net Cash per Share is €-47.51. Based on the distribution chart, Sleep Number ranks #999999 out of 86 companies in the Furnishings, Fixtures & Appliances industry, which is in the bottom quartile relative to peers. Overall, Sleep Number has a GF Score™ of 52/100, reflecting its overall financial health beyond just this single metric.
How does Sleep Number's Net Cash per Share compare to LBRA and NCLX?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Sleep Number ranks #999999 out of 86 companies for Net Cash per Share. This places Sleep Number in the lower half of its industry. The industry median Net Cash per Share is 7.37. 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 Furnishings, Fixtures & Appliances company?
The median Net Cash per Share among Furnishings, Fixtures & Appliances companies is 7.37, based on 86 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 Sleep Number and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Net Cash per Share is 7.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sleep Number's current Net Cash per Share is €-47.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sleep Number stock overvalued right now?
Sleep Number (FRA:SL2) has a current Net Cash per Share of €-47.51. The stock's GF Value™ is €55.88, compared to a current price of €0.13 — trading 99.8% below its estimated fair value. The current Net Cash per Share is €-47.51. Sleep Number's overall GF Score™ is 52/100 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 Sleep Number (FRA:SL2), the current Net Cash per Share is €-47.51 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 Sleep Number (FRA:SL2) Overvalued in 2026?
Based on GuruFocus' analysis, Sleep Number stock appears to be undervalued.
The current stock price of €0.13 is trading 99.8% below its estimated GF Value™ of €55.88.
Key valuation signals for FRA:SL2:
Net Cash per Share: €-47.51
GF Value™: €55.88 vs. price of €0.13 (99.8% below fair value)
No single metric tells the full story. See the FRA:SL2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sleep Number Corp is a designer, manufacturer, marketer, and retailer, which allows it to offer consumers high-quality, individualized sleep solutions and services. It also offers FlextFit adjustable bases, and Sleep Number pillows, sheets, and other bedding products. The company generates revenue by marketing its innovations directly to new and existing customers and selling products through its Stores, Online, Phone, Chat (Total Retail), and Other. It focuses on personalized sleep wellness, with mattresses designed to evolve with each sleeper to help them feel and perform well, featuring adjustable firmness, pressure-relieving support, and temperature-balancing comfort built into every mattress. Its products include mattresses, bundles, bedding, pillows, and furniture.
52GF 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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