NetEaseNETTF -0.98%93 Net Cash per Share is $4.72 as of Mar. 2026, which is 57% below its 10-year median of 11.08. GuruFocus rates NETTF with a GF Score™ of 93/100 and a GF Value™ of $23.59 (Fairly Valued). Among 241 Interactive Media companies, NetEase ranks worse than 50.21% on this metric.
The historical rank and industry rank for NetEase's Net Cash per Share or its related term are showing as below:
NETTF'
s Price-to-Net-Cash Range Over the Past 10 Years
Min: 4.74 Med: 11.08 Max: 34.85
Current: 5.24
During the past 13 years, the highest Price-to-Net-Cash Ratio of NetEase was 34.85. The lowest was 4.74. And the median was 11.08.
NETTF's Price-to-Net-Cash is ranked worse than 50.21% of 241
companies
in the Interactive Media industry
Industry Median: 5.24
vs NETTF: 5.24
NetEase (OTCPK:NETTF) 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.
NetEase Net Cash per Share Related Terms
NetEase Net Cash per Share Historical Data
* Premium members only.
The historical data trend for NetEase'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.
NETTF vs EA, TTWO, RBLX: Net Cash per Share Comparison
For the Electronic Gaming & Multimedia subindustry, NetEase'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.
NetEase Price-to-Net-Cash vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, NetEase's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where NetEase'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.
NetEase'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.
NetEase (NETTF) has a Net Cash per Share of $4.72 as of Mar. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on NetEase and its competitors. This is 57% below median its historical median of 11.08. Over the past decade, NetEase's Net Cash per Share has ranged from 4.74 to 34.85. According to the industry distribution chart, NetEase ranks #121 out of 241 companies in the Interactive Media industry, placing it in the top 50.2%.
Is NetEase's Net Cash per Share too high?
NetEase's current Net Cash per Share of $4.72 is 57% below median its 10-year median of 11.08. Over the past 10 years, this metric has ranged from a low of 4.74 to a high of 34.85. The Interactive Media industry median Net Cash per Share is 5.24. NetEase's value of $4.72 is 9.9% below this industry median. Based on the distribution chart, NetEase ranks #121 out of 241 companies in the Interactive Media industry, which is below the industry midpoint. Overall, NetEase has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NetEase's Net Cash per Share compare to EA and TTWO?
According to the Interactive Media industry distribution chart, NetEase ranks #121 out of 241 companies for Net Cash per Share. This places NetEase in the lower half of its industry. The industry median Net Cash per Share is 5.24. NetEase's value of $4.72 is 9.9% below this benchmark. Historically, NetEase's own Net Cash per Share has ranged from 4.74 to 34.85 over the past decade. While the company's 10-year median is 11.08 vs. the industry median of 5.24, NetEase has consistently been below the industry average. 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 Interactive Media company?
The median Net Cash per Share among Interactive Media companies is 5.24, based on 241 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. NetEase's current Net Cash per Share of $4.72 is 9.9% 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 NetEase and its competitors. For the Interactive Media industry, the median Net Cash per Share is 5.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NetEase's current Net Cash per Share is $4.72, which is 57% below median its own 10-year median of 11.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NetEase stock overvalued right now?
Based on GuruFocus' analysis, NetEase (NETTF) is currently considered Fairly Valued. The stock's GF Value™ is $23.59, compared to a current price of $24.26 — trading 2.8% above its estimated fair value. The current Net Cash per Share is $4.72, which is 57% below median its 10-year median of 11.08 and 9.9% below the Interactive Media industry median of 5.24. NetEase's overall GF Score™ is 93/100. 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 NetEase (NETTF), the current Net Cash per Share is $4.72 as of Mar. 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 NetEase (NETTF) Overvalued in 2026?
Based on GuruFocus' analysis, NetEase stock appears to be overvalued.
The current stock price of $24.26 is trading 2.8% above its estimated GF Value™ of $23.59.
GuruFocus considers NetEase to be Fairly Valued.
Key valuation signals for NETTF:
Net Cash per Share: $4.72 (57% below median its 10-year median of 11.08)
GF Value™: $23.59 vs. price of $24.26 (2.8% above fair value)
Industry Position: 9.9% below the Interactive Media median (#121 of 241)
No single metric tells the full story. See the NETTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in the late 1990s as an internet portal, NetEase has evolved into China's second-largest online gaming company. Its early success was anchored by the massively multiplayer online role-playing game Fantasy Westward Journey, which laid the foundation for a durable franchise strategy. Over the past decade, the company has expanded its portfolio with successful titles such as Justice, Identity V, Naraka: Bladepoint, and Eggy Party, all of which continue to maintain sizable and engaged player bases.In addition to its in-house development capabilities, NetEase partners with global IP holders such as Microsoft and Marvel to develop and publish titles based on established franchises, including World of Warcraft, Diablo Immortal, and Marvel Rivals, further strengthening its global presence.
93GF Score
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