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H2O AmericaHTO -0.76%68 Net Cash per Share is $-83.37 as of Jun. 2026. GuruFocus rates HTO with a GF Score™ of 68/100 and a GF Value™ of $57.39 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 41 Utilities - Regulated companies, H2O America ranks worse than 2439021.95% on this metric.
The historical rank and industry rank for H2O America's Net Cash per Share or its related term are showing as below:
HTO's Price-to-Net-Cash is not ranked *
in the Utilities - Regulated industry.
Industry Median: 6.34 * Ranked among companies with meaningful Price-to-Net-Cash only.
H2O America (NAS:HTO) 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.
H2O America Net Cash per Share Related Terms
H2O America Net Cash per Share Historical Data
* Premium members only.
The historical data trend for H2O America'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.
HTO vs CWT, AWR, MSEX: Net Cash per Share Comparison
For the Utilities - Regulated Water subindustry, H2O America'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.
H2O America Price-to-Net-Cash vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, H2O America's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where H2O America'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.
H2O America'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.
H2O America (HTO) has a Net Cash per Share of $-83.37 as of Jun. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on H2O America and its competitors. According to the industry distribution chart, H2O America ranks #999999 out of 41 companies in the Utilities - Regulated industry.
Is H2O America's Net Cash per Share too high?
H2O America's current Net Cash per Share is $-83.37. Based on the distribution chart, H2O America ranks #999999 out of 41 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, H2O America has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does H2O America's Net Cash per Share compare to CWT and AWR?
According to the Utilities - Regulated industry distribution chart, H2O America ranks #999999 out of 41 companies for Net Cash per Share. This places H2O America in the lower half of its industry. The industry median Net Cash per Share is 6.34. 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 6.34, based on 41 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 H2O America and its competitors. For the Utilities - Regulated industry, the median Net Cash per Share is 6.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. H2O America's current Net Cash per Share is $-83.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is H2O America stock overvalued right now?
Based on GuruFocus' analysis, H2O America (HTO) is currently considered Modestly Overvalued. The stock's GF Value™ is $57.39, compared to a current price of $63.76 — trading 11.1% above its estimated fair value. The current Net Cash per Share is $-83.37. H2O America's overall GF Score™ is 68/100 with 10 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 H2O America (HTO), the current Net Cash per Share is $-83.37 as of Jun. 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 H2O America (HTO) Overvalued in 2026?
Based on GuruFocus' analysis, H2O America stock appears to be overvalued.
The current stock price of $63.76 is trading 11.1% above its estimated GF Value™ of $57.39.
GuruFocus considers H2O America to be Modestly Overvalued.
Key valuation signals for HTO:
Net Cash per Share: $-83.37
GF Value™: $57.39 vs. price of $63.76 (11.1% above fair value)
No single metric tells the full story. See the HTO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
H2O America is a national investor-owned network of local water and wastewater utilities united by one purpose: delivering clean, high-quality water to the communities it calls home. Across approximately 407,000 water and wastewater service connections, the company invests in critical infrastructure to strengthen the water supply for generations to come. Its single reportable segment provides water utility and utility-related services to its customers.
68GF Score
Get the complete analysis for HTO
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