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Mueller Industries (NYSE:MLI) 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.
Mueller Industries Net Cash per Share Related Terms
Mueller Industries Net Cash per Share Historical Data
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The historical data trend for Mueller Industries'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.
MLI vs CMC, ESAB, GPGI: Net Cash per Share Comparison
For the Metal Fabrication subindustry, Mueller Industries'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.
Mueller Industries Price-to-Net-Cash vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Mueller Industries's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Mueller Industries'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.
Mueller Industries'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.
Mueller Industries (MLI) has a Net Cash per Share of $3.19 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 Mueller Industries and its competitors. According to the industry distribution chart, Mueller Industries ranks #405 out of 599 companies in the Industrial Products industry, placing it in the top 67.6%.
Is Mueller Industries' Net Cash per Share too high?
Mueller Industries' current Net Cash per Share is $3.19. The Industrial Products industry median Net Cash per Share is 10.43. Mueller Industries' value of $3.19 is 69.4% below this industry median. Based on the distribution chart, Mueller Industries ranks #405 out of 599 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Mueller Industries has a GF Score™ of 96/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mueller Industries' Net Cash per Share compare to CMC and ESAB?
According to the Industrial Products industry distribution chart, Mueller Industries ranks #405 out of 599 companies for Net Cash per Share. This places Mueller Industries in the lower half of its industry. The industry median Net Cash per Share is 10.43. Mueller Industries' value of $3.19 is 69.4% below this benchmark. 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 Industrial Products company?
The median Net Cash per Share among Industrial Products companies is 10.43, based on 599 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. Mueller Industries's current Net Cash per Share of $3.19 is 69.4% below the industry median. 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 Mueller Industries and its competitors. For the Industrial Products industry, the median Net Cash per Share is 10.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mueller Industries's current Net Cash per Share is $3.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mueller Industries stock overvalued right now?
Based on GuruFocus' analysis, Mueller Industries (MLI) is currently considered Modestly Overvalued. The stock's GF Value™ is $52.69, compared to a current price of $62.80 — trading 19.2% above its estimated fair value. The current Net Cash per Share is $3.19 and 69.4% below the Industrial Products industry median of 10.43. Mueller Industries' overall GF Score™ is 96/100 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 Mueller Industries (MLI), the current Net Cash per Share is $3.19 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 Mueller Industries (MLI) Overvalued in 2026?
Based on GuruFocus' analysis, Mueller Industries stock appears to be overvalued.
The current stock price of $62.80 is trading 19.2% above its estimated GF Value™ of $52.69.
GuruFocus considers Mueller Industries to be Modestly Overvalued.
Key valuation signals for MLI:
Net Cash per Share: $3.19
GF Value™: $52.69 vs. price of $62.80 (19.2% above fair value)
Industry Position: 69.4% below the Industrial Products median (#405 of 599)
No single metric tells the full story. See the MLI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mueller Industries Inc makes copper, brass, aluminum, and plastic products. The company reports three business segments: piping systems, industrial metals, and climate. Piping systems, earning majority of the company's revenue, produces tubes, fittings, rods, valves, and other products and operates various firms world-wide. The industrial metals segment manufactures impacts and micro-gauge, brass rod and copper bar products, and brass value-added products. The climate segment produces items used to create temperature-control goods, including valves, twisted tubes, coaxial heat exchangers, and others. Geographically, it operates in USA, UK, Canada, Asia and the Middle East and Mexico.
96GF Score
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