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The historical rank and industry rank for Indie Semiconductor's Net Cash per Share or its related term are showing as below:
During the past 7 years, the highest Price-to-Net-Cash Ratio of Indie Semiconductor was 36.60. The lowest was 6.91. And the median was 20.67.
INDI's Price-to-Net-Cash is not ranked *
in the Semiconductors industry.
Industry Median: 14.585 * Ranked among companies with meaningful Price-to-Net-Cash only.
Indie Semiconductor (NAS:INDI) 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.
Indie Semiconductor Net Cash per Share Related Terms
Indie Semiconductor Net Cash per Share Historical Data
* Premium members only.
The historical data trend for Indie Semiconductor'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.
INDI vs CEVA, AOSL, LAES: Net Cash per Share Comparison
For the Semiconductors subindustry, Indie Semiconductor'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.
Indie Semiconductor Price-to-Net-Cash vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Indie Semiconductor's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Indie Semiconductor's Price-to-Net-Cash falls into.
Indie Semiconductor 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.
Indie Semiconductor'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.
Indie Semiconductor (INDI) has a Net Cash per Share of $-1.74 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 Indie Semiconductor and its competitors. According to the industry distribution chart, Indie Semiconductor ranks #999999 out of 364 companies in the Semiconductors industry.
Is Indie Semiconductor's Net Cash per Share too high?
Indie Semiconductor's current Net Cash per Share is $-1.74. Based on the distribution chart, Indie Semiconductor ranks #999999 out of 364 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Indie Semiconductor has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Indie Semiconductor's Net Cash per Share compare to CEVA and AOSL?
According to the Semiconductors industry distribution chart, Indie Semiconductor ranks #999999 out of 364 companies for Net Cash per Share. This places Indie Semiconductor in the lower half of its industry. The industry median Net Cash per Share is 14.59. 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 a Semiconductors company?
The median Net Cash per Share among Semiconductors companies is 14.59, based on 364 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 Indie Semiconductor and its competitors. For the Semiconductors industry, the median Net Cash per Share is 14.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indie Semiconductor's current Net Cash per Share is $-1.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indie Semiconductor stock overvalued right now?
Based on GuruFocus' analysis, Indie Semiconductor (INDI) is currently considered Modestly Undervalued. The stock's GF Value™ is $4.31, compared to a current price of $3.21 — trading 25.6% below its estimated fair value. The current Net Cash per Share is $-1.74. Indie Semiconductor's overall GF Score™ is 77/100 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 Indie Semiconductor (INDI), the current Net Cash per Share is $-1.74 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 Indie Semiconductor (INDI) Overvalued in 2026?
Based on GuruFocus' analysis, Indie Semiconductor stock appears to be undervalued.
The current stock price of $3.21 is trading 25.6% below its estimated GF Value™ of $4.31.
GuruFocus considers Indie Semiconductor to be Modestly Undervalued.
Key valuation signals for INDI:
Net Cash per Share: $-1.74
GF Value™: $4.31 vs. price of $3.21 (25.6% below fair value)
No single metric tells the full story. See the INDI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indie Semiconductor Inc caters to the autotech industry with semiconductors, photonics, and software platforms. The company's products include devices for a multitude of automotive applications spanning vision and radar processors, in-cabin wireless charging and USB power delivery, device interfacing through Apple CarPlay and Android Auto, and high-speed video and data connectivity. New products under evaluation or development include LiDAR, cybersecurity-enabled microcontrollers, and sensor-fusion processors. Its Photonics division mainly offers low-noise lasers, standard, and custom light sources. Geographically, the company generates the majority of its revenue from Greater China and the rest from the United States, Europe, South Korea, and other regions.
77GF Score
Get the complete analysis for INDI
Net Cash per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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