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Novagold ResourcesNG +2.32%29 Net Cash per Share is $0.44 as of May. 2026, which is 99% below its 10-year median of 50.19. GuruFocus rates NG with a GF Score™ of 29/100. The stock has 1 warning sign investors should review. Among 1,059 Metals & Mining companies, Novagold Resources ranks worse than 79.7% on this metric.
Novagold Resources (AMEX:NG) 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.
Novagold Resources Net Cash per Share Related Terms
Novagold Resources Net Cash per Share Historical Data
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The historical data trend for Novagold Resources'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.
For the Gold subindustry, Novagold Resources'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.
Novagold Resources Price-to-Net-Cash vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Novagold Resources's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Novagold Resources'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.
Novagold Resources's Net Cash per Share for the fiscal year that ended in Nov. 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.
Novagold Resources (NG) has a Net Cash per Share of $0.44 as of May. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Novagold Resources and its competitors. This is 99% below median its historical median of 50.19. Over the past decade, Novagold Resources' Net Cash per Share has ranged from 9.13 to 433.33. According to the industry distribution chart, Novagold Resources ranks #844 out of 1059 companies in the Metals & Mining industry, placing it in the top 79.7%.
Is Novagold Resources' Net Cash per Share too high?
Novagold Resources' current Net Cash per Share of $0.44 is 99% below median its 10-year median of 50.19. Over the past 10 years, this metric has ranged from a low of 9.13 to a high of 433.33. The Metals & Mining industry median Net Cash per Share is 7.22. Novagold Resources' value of $0.44 is 93.9% below this industry median. Based on the distribution chart, Novagold Resources ranks #844 out of 1059 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Novagold Resources has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Novagold Resources' Net Cash per Share compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Novagold Resources ranks #844 out of 1059 companies for Net Cash per Share. This places Novagold Resources in the lower half of its industry. The industry median Net Cash per Share is 7.22. Novagold Resources' value of $0.44 is 93.9% below this benchmark. Historically, Novagold Resources' own Net Cash per Share has ranged from 9.13 to 433.33 over the past decade. While the company's 10-year median is 50.19 vs. the industry median of 7.22, Novagold Resources 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 a Metals & Mining company?
The median Net Cash per Share among Metals & Mining companies is 7.22, based on 1,059 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. Novagold Resources's current Net Cash per Share of $0.44 is 93.9% 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 Novagold Resources and its competitors. For the Metals & Mining industry, the median Net Cash per Share is 7.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Novagold Resources's current Net Cash per Share is $0.44, which is 99% below median its own 10-year median of 50.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novagold Resources stock overvalued right now?
Novagold Resources (NG) has a current Net Cash per Share of $0.44. The current Net Cash per Share is $0.44, which is 99% below median its 10-year median of 50.19 and 93.9% below the Metals & Mining industry median of 7.22. Novagold Resources' overall GF Score™ is 29/100 with 1 warning sign 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 Novagold Resources (NG), the current Net Cash per Share is $0.44 as of May. 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.
Novagold Resources Inc operates in the gold mining industry, focused on advancing the Donlin Gold project in Alaska. The Donlin Gold project is held by Donlin Gold LLC (Donlin Gold), a limited liability company owned equally by wholly owned subsidiaries of NOVAGOLD and Barrick Gold Corporation (Barrick). The company includes exploration and development activities of gold and other precious metals.
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