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GapGAP +0.49%73 Net Cash per Share is $-18.29 as of Jul. 2026. GuruFocus rates GAP with a GF Score™ of 73/100 and a GF Value™ of $22.83 (Fairly Valued). The stock has 3 warning signs investors should review. Among 129 Retail - Cyclical companies, Gap ranks worse than 775193.02% on this metric.
The historical rank and industry rank for Gap's Net Cash per Share or its related term are showing as below:
GAP's Price-to-Net-Cash is not ranked *
in the Retail - Cyclical industry.
Industry Median: 6.65 * Ranked among companies with meaningful Price-to-Net-Cash only.
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.
Gap Net Cash per Share Related Terms
Gap Net Cash per Share Historical Data
* Premium members only.
The historical data trend for Gap'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.
GAP vs VSXY, URBN, ANF: Net Cash per Share Comparison
For the Apparel Retail subindustry, Gap'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.
Gap Price-to-Net-Cash vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Gap's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Gap'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.
Gap's Net Cash per Share for the fiscal year that ended in Jan. 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.
Gap (GAP) has a Net Cash per Share of $-18.29 as of Jul. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Gap and its competitors. According to the industry distribution chart, Gap ranks #999999 out of 129 companies in the Retail - Cyclical industry.
Is Gap's Net Cash per Share too high?
Gap's current Net Cash per Share is $-18.29. Based on the distribution chart, Gap ranks #999999 out of 129 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Gap has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Gap's Net Cash per Share compare to VSXY and URBN?
According to the Retail - Cyclical industry distribution chart, Gap ranks #999999 out of 129 companies for Net Cash per Share. This places Gap in the lower half of its industry. The industry median Net Cash per Share is 6.65. 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 Retail - Cyclical company?
The median Net Cash per Share among Retail - Cyclical companies is 6.65, based on 129 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 Gap and its competitors. For the Retail - Cyclical industry, the median Net Cash per Share is 6.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gap's current Net Cash per Share is $-18.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gap stock overvalued right now?
Based on GuruFocus' analysis, Gap (GAP) is currently considered Fairly Valued. The stock's GF Value™ is $22.83, compared to a current price of $22.43 — trading 1.8% below its estimated fair value. The current Net Cash per Share is $-18.29. Gap's overall GF Score™ is 73/100 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 Gap (GAP), the current Net Cash per Share is $-18.29 as of Jul. 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 Gap (GAP) Overvalued in 2026?
Based on GuruFocus' analysis, Gap stock appears to be undervalued.
The current stock price of $22.43 is trading 1.8% below its estimated GF Value™ of $22.83.
GuruFocus considers Gap to be Fairly Valued.
Key valuation signals for GAP:
Net Cash per Share: $-18.29
GF Value™: $22.83 vs. price of $22.43 (1.8% below fair value)
No single metric tells the full story. See the GAP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gap retails apparel, accessories, footwear, and personal-care products under the Gap, Old Navy, Banana Republic, and Athleta brands. Old Navy generates more than half of Gap's sales. The firm also operates e-commerce sites, outlet stores, and specialty stores under various Gap names. Gap operates approximately 2,500 stores in North America, Europe, and Asia and franchises about 1,000 more in Asia, Europe, Latin America, and other regions. Gap was founded in 1969 and is based in San Francisco.
73GF Score
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