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ManiMNICF 88 Net Cash per Share is $1.18 as of Feb. 2026. GuruFocus rates MNICF with a GF Score™ of 88/100 and a GF Value™ of $18.31. The stock has 2 warning signs investors should review. Among 294 Medical Devices & Instruments companies, Mani ranks better than 55.1% on this metric.
The historical rank and industry rank for Mani's Net Cash per Share or its related term are showing as below:
MNICF'
s Price-to-Net-Cash Range Over the Past 10 Years
Min: 8.01 Med: 14.93 Max: 39.99
Current: 8.01
During the past 13 years, the highest Price-to-Net-Cash Ratio of Mani was 39.99. The lowest was 8.01. And the median was 14.93.
MNICF's Price-to-Net-Cash is ranked better than 55.1% of 294
companies
in the Medical Devices & Instruments industry
Industry Median: 9.2
vs MNICF: 8.01
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.
Mani Net Cash per Share Related Terms
Mani Net Cash per Share Historical Data
* Premium members only.
The historical data trend for Mani'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.
MNICF vs ISRG, BDX, RMD: Net Cash per Share Comparison
For the Medical Instruments & Supplies subindustry, Mani'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.
Mani Price-to-Net-Cash vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Mani's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Mani'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.
Mani's Net Cash per Share for the fiscal year that ended in Aug. 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.
Mani (MNICF) has a Net Cash per Share of $1.18 as of Feb. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Mani and its competitors. According to the industry distribution chart, Mani ranks #132 out of 294 companies in the Medical Devices & Instruments industry, placing it in the top 44.9%.
Is Mani's Net Cash per Share too high?
Mani's current Net Cash per Share is $1.18. The Medical Devices & Instruments industry median Net Cash per Share is 9.20. Mani's value of $1.18 is 87.2% below this industry median. Based on the distribution chart, Mani ranks #132 out of 294 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Mani has a GF Score™ of 88/100, reflecting its overall financial health beyond just this single metric.
How does Mani's Net Cash per Share compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Mani ranks #132 out of 294 companies for Net Cash per Share. This puts Mani in the upper half of its industry. The industry median Net Cash per Share is 9.20. Mani's value of $1.18 is 87.2% 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 a Medical Devices & Instruments company?
The median Net Cash per Share among Medical Devices & Instruments companies is 9.20, based on 294 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. Mani's current Net Cash per Share of $1.18 is 87.2% 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 Mani and its competitors. For the Medical Devices & Instruments industry, the median Net Cash per Share is 9.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mani's current Net Cash per Share is $1.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mani stock overvalued right now?
Mani (MNICF) has a current Net Cash per Share of $1.18. The stock's GF Value™ is $18.31, compared to a current price of $12.82 — trading 30% below its estimated fair value. The current Net Cash per Share is $1.18 and 87.2% below the Medical Devices & Instruments industry median of 9.20. Mani's overall GF Score™ is 88/100 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 Mani (MNICF), the current Net Cash per Share is $1.18 as of Feb. 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 Mani (MNICF) Overvalued in 2026?
Based on GuruFocus' analysis, Mani stock appears to be undervalued.
The current stock price of $12.82 is trading 30% below its estimated GF Value™ of $18.31.
Key valuation signals for MNICF:
Net Cash per Share: $1.18
GF Value™: $18.31 vs. price of $12.82 (30% below fair value)
Industry Position: 87.2% below the Medical Devices & Instruments median (#132 of 294)
No single metric tells the full story. See the MNICF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mani Inc manufactures medical devices and dental instruments. It sells products in four categories: surgical instruments, ophthalmic instruments, suture needles, and dental instruments. Mani's surgical products include instruments such as staplers, vessel knives, and bone saws. Its ophthalmic instruments include a range of knives used during eye surgery and ophthalmic sutures. Mani's suture needles business includes a variety of taper point and cutting eyeless needles, which require suture attachment and sterilization by the customer, as well as stainless-steel eyed needles. The firm's dental instruments include endodontic instruments and accessories, root canal equipment, and finishing and polishing instruments.
88GF Score
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