NEXOF (NEXON Co) Net Cash per Share: $1.36 (As of Mar. 2026) — 88% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NEXOF NEXON Co Ltd NEXOF
82 GF Score
Price $13.93
GF Value $22.08
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is NEXON Co Net Cash per Share?

NEXON Co NEXOF 82 Net Cash per Share is $1.36 as of Mar. 2026, which is 88% below its 10-year median of 11.59. GuruFocus rates NEXOF with a GF Score™ of 82/100 and a GF Value™ of $22.08 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 240 Interactive Media companies, NEXON Co ranks worse than 69.58% on this metric.

Net Cash per Share is calculated as Cash, Cash Equivalents, Marketable Securities minus Total Liabilities minus Minority Interest and then divided by Shares Outstanding (EOP). NEXON Co's Net Cash per Share for the quarter that ended in Mar. 2026 was $1.36.

The historical rank and industry rank for NEXON Co's Net Cash per Share or its related term are showing as below:

NEXOF' s Price-to-Net-Cash Range Over the Past 10 Years
Min: 4.64   Med: 11.59   Max: 49.73
Current: 10.55

During the past 13 years, the highest Price-to-Net-Cash Ratio of NEXON Co was 49.73. The lowest was 4.64. And the median was 11.59.

NEXOF's Price-to-Net-Cash is ranked worse than
69.58% of 240 companies
in the Interactive Media industry
Industry Median: 5.64 vs NEXOF: 10.55

NEXON Co  (OTCPK:NEXOF) 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.


NEXON Co Net Cash per Share Related Terms


NEXON Co Net Cash per Share Historical Data

* Premium members only.

The historical data trend for NEXON Co'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.

NEXON Co Net Cash per Share Chart

NEXON Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Cash per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.41 2.13 0.99 1.13 1.55

NEXON Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net Cash per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.26 1.72 2.77 1.55 1.36

NEXOF vs NTES, EA, TTWO: Net Cash per Share Comparison

For the Electronic Gaming & Multimedia subindustry, NEXON Co'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.


NEXON Co Price-to-Net-Cash vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, NEXON Co's Price-to-Net-Cash distribution charts can be found below:

* The bar in red indicates where NEXON Co's Price-to-Net-Cash falls into.


NEXOF
82GF Score
NEXON Co Ltd NEXOF
Net Cash per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NEXON Co 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.

NEXON Co's Net Cash per Share for the fiscal year that ended in Dec. 2025 is calculated as

Net Cash per Share (A: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(3488.202-2208.062-53.709)/791.407
=1.55

NEXON Co's Net Cash per Share for the quarter that ended in Mar. 2026 is calculated as

Net Cash per Share (Q: Mar. 2026 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(3120.447-1995.693-45.361)/791.275
=1.36

* 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.

Frequently Asked Questions Learn more about Net Cash per Share →
What does a Net Cash per Share of $1.36 mean?
NEXON Co (NEXOF) has a Net Cash per Share of $1.36 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 NEXON Co and its competitors. This is 88% below median its historical median of 11.59. Over the past decade, NEXON Co's Net Cash per Share has ranged from 4.64 to 49.73. According to the industry distribution chart, NEXON Co ranks #167 out of 240 companies in the Interactive Media industry, placing it in the top 69.6%.
Is NEXON Co's Net Cash per Share too high?
NEXON Co's current Net Cash per Share of $1.36 is 88% below median its 10-year median of 11.59. Over the past 10 years, this metric has ranged from a low of 4.64 to a high of 49.73. The Interactive Media industry median Net Cash per Share is 5.64. NEXON Co's value of $1.36 is 75.9% below this industry median. Based on the distribution chart, NEXON Co ranks #167 out of 240 companies in the Interactive Media industry, which is below the industry midpoint. Overall, NEXON Co has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NEXON Co's Net Cash per Share compare to NTES and EA?
According to the Interactive Media industry distribution chart, NEXON Co ranks #167 out of 240 companies for Net Cash per Share. This places NEXON Co in the lower half of its industry. The industry median Net Cash per Share is 5.64. NEXON Co's value of $1.36 is 75.9% below this benchmark. Historically, NEXON Co's own Net Cash per Share has ranged from 4.64 to 49.73 over the past decade. While the company's 10-year median is 11.59 vs. the industry median of 5.64, NEXON Co 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 5.64, based on 240 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. NEXON Co's current Net Cash per Share of $1.36 is 75.9% 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 NEXON Co and its competitors. For the Interactive Media industry, the median Net Cash per Share is 5.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NEXON Co's current Net Cash per Share is $1.36, which is 88% below median its own 10-year median of 11.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NEXON Co stock overvalued right now?
Based on GuruFocus' analysis, NEXON Co (NEXOF) is currently considered Significantly Undervalued. The stock's GF Value™ is $22.08, compared to a current price of $13.93 — trading 36.9% below its estimated fair value. The current Net Cash per Share is $1.36, which is 88% below median its 10-year median of 11.59 and 75.9% below the Interactive Media industry median of 5.64. NEXON Co's overall GF Score™ is 82/100 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 NEXON Co (NEXOF), the current Net Cash per Share is $1.36 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 NEXON Co (NEXOF) Overvalued in 2026?

Based on GuruFocus' analysis, NEXON Co stock appears to be undervalued. The current stock price of $13.93 is trading 36.9% below its estimated GF Value™ of $22.08. GuruFocus considers NEXON Co to be Significantly Undervalued.

Key valuation signals for NEXOF:

  • Net Cash per Share: $1.36 (88% below median its 10-year median of 11.59)
  • GF Value™: $22.08 vs. price of $13.93 (36.9% below fair value)
  • GF Score™: 82/100 with 2 warning signs
  • Industry Position: 75.9% below the Interactive Media median (#167 of 240)

No single metric tells the full story. See the NEXOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NEXON Co Business Description

Address 1-4-5 Roppongi, Minato-ku, Tokyo, JPN, 106-0032
Nexon is a South Korean online game developer and publisher, founded in 1994 in Korea by Kim Jung-ju. In 2005, the company moved its headquarters to Tokyo, Japan, and has operations in Korea, the US, Taiwan, and Thailand. The company's most notable franchises are MapleStory, Dungeon & Fighter, Sudden Attack, and KartRider. Nexon has been the publisher for EA's FC Online game franchise in Korea and Japan since 2013. Nexon acquired an independent game developer, Embark Studios AB, located in Stockholm, Sweden, in 2019.
82GF Score

Get the complete analysis for NEXOF

Net Cash per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$13.93
Price
$22.08
GF Value