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The historical rank and industry rank for Banca Sistema SpA's Net Cash per Share or its related term are showing as below:
MIL:BST's Price-to-Net-Cash is not ranked *
in the Banks industry.
Industry Median: 2.59 * Ranked among companies with meaningful Price-to-Net-Cash only.
Banca Sistema SpA (MIL:BST) 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.
Banca Sistema SpA Net Cash per Share Related Terms
Banca Sistema SpA Net Cash per Share Historical Data
* Premium members only.
The historical data trend for Banca Sistema SpA'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.
MIL:BST vs PNC, USB: Net Cash per Share Comparison
For the Banks - Regional subindustry, Banca Sistema SpA'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.
Banca Sistema SpA Price-to-Net-Cash vs Banks Industry
For the Banks industry and Financial Services sector, Banca Sistema SpA's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Banca Sistema SpA'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.
Banca Sistema SpA'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.
Banca Sistema SpA (MIL:BST) has a Net Cash per Share of €-46.75 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 Banca Sistema SpA and its competitors. According to the industry distribution chart, Banca Sistema SpA ranks #999999 out of 8 companies in the Banks industry.
Is Banca Sistema SpA's Net Cash per Share too high?
Banca Sistema SpA's current Net Cash per Share is €-46.75. Based on the distribution chart, Banca Sistema SpA ranks #999999 out of 8 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Banca Sistema SpA has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Banca Sistema SpA's Net Cash per Share compare to PNC and USB?
According to the Banks industry distribution chart, Banca Sistema SpA ranks #999999 out of 8 companies for Net Cash per Share. This places Banca Sistema SpA in the lower half of its industry. The industry median Net Cash per Share is 2.59. 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 Banks company?
The median Net Cash per Share among Banks companies is 2.59, based on 8 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 Banca Sistema SpA and its competitors. For the Banks industry, the median Net Cash per Share is 2.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Banca Sistema SpA's current Net Cash per Share is €-46.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banca Sistema SpA stock overvalued right now?
Based on GuruFocus' analysis, Banca Sistema SpA (MIL:BST) is currently considered Modestly Undervalued. The stock's GF Value™ is €2.03, compared to a current price of €1.65 — trading 18.5% below its estimated fair value. The current Net Cash per Share is €-46.75. Banca Sistema SpA's overall GF Score™ is 62/100 with 2 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 Banca Sistema SpA (MIL:BST), the current Net Cash per Share is €-46.75 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 Banca Sistema SpA (MIL:BST) Overvalued in 2026?
Based on GuruFocus' analysis, Banca Sistema SpA stock appears to be undervalued.
The current stock price of €1.65 is trading 18.5% below its estimated GF Value™ of €2.03.
GuruFocus considers Banca Sistema SpA to be Modestly Undervalued.
Key valuation signals for MIL:BST:
Net Cash per Share: €-46.75
GF Value™: €2.03 vs. price of €1.65 (18.5% below fair value)
No single metric tells the full story. See the MIL:BST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Banca Sistema SpA provides factoring and banking services. It specializes in the acquisition, management, and financing of receivables. The firm's products and services comprise current accounts, time deposits, funding for SMEs, non-recourse factoring, credit management, and payment services. Segment reporting of the company includes the following divisions: Factoring Division includes business related to the origination of trade and tax receivables with and without recourse, and the management. Retail Division, which includes the business related to the purchase of salary- and pension-backed loans. Collateralized Lending Division includes the business related to collateral-backed loans. Corporate Division includes activities related to the management of the Group's financial resources.
62GF Score
Get the complete analysis for MIL:BST
Net Cash per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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