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The historical rank and industry rank for Nippon Prologis REIT's Net Cash per Share or its related term are showing as below:
NPONF's Price-to-Net-Cash is not ranked *
in the REITs industry.
Industry Median: 19.66 * Ranked among companies with meaningful Price-to-Net-Cash only.
Nippon Prologis REIT (OTCPK:NPONF) 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.
Nippon Prologis REIT Net Cash per Share Related Terms
Nippon Prologis REIT Net Cash per Share Historical Data
* Premium members only.
The historical data trend for Nippon Prologis REIT'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.
NPONF vs PLD, PSA, EXR: Net Cash per Share Comparison
For the REIT - Industrial subindustry, Nippon Prologis REIT'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.
Nippon Prologis REIT Price-to-Net-Cash vs REITs Industry
For the REITs industry and Real Estate sector, Nippon Prologis REIT's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Nippon Prologis REIT's Price-to-Net-Cash falls into.
Nippon Prologis REIT 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.
Nippon Prologis REIT'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.
Nippon Prologis REIT (NPONF) has a Net Cash per Share of $-283.97 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 Nippon Prologis REIT and its competitors. According to the industry distribution chart, Nippon Prologis REIT ranks #999999 out of 102 companies in the REITs industry.
Is Nippon Prologis REIT's Net Cash per Share too high?
Nippon Prologis REIT's current Net Cash per Share is $-283.97. Based on the distribution chart, Nippon Prologis REIT ranks #999999 out of 102 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Nippon Prologis REIT has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Nippon Prologis REIT's Net Cash per Share compare to PLD and PSA?
According to the REITs industry distribution chart, Nippon Prologis REIT ranks #999999 out of 102 companies for Net Cash per Share. This places Nippon Prologis REIT in the lower half of its industry. The industry median Net Cash per Share is 19.66. 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 REITs company?
The median Net Cash per Share among REITs companies is 19.66, based on 102 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. 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 Nippon Prologis REIT and its competitors. For the REITs industry, the median Net Cash per Share is 19.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Prologis REIT's current Net Cash per Share is $-283.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Prologis REIT stock overvalued right now?
Nippon Prologis REIT (NPONF) has a current Net Cash per Share of $-283.97. The stock's GF Value™ is $560.29, compared to a current price of $532.49 — trading 5% below its estimated fair value. The current Net Cash per Share is $-283.97. Nippon Prologis REIT's overall GF Score™ is 72/100 with 5 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 Nippon Prologis REIT (NPONF), the current Net Cash per Share is $-283.97 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.
Is Nippon Prologis REIT (NPONF) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Prologis REIT stock appears to be undervalued.
The current stock price of $532.49 is trading 5% below its estimated GF Value™ of $560.29.
Key valuation signals for NPONF:
Net Cash per Share: $-283.97
GF Value™: $560.29 vs. price of $532.49 (5% below fair value)
No single metric tells the full story. See the NPONF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Prologis REIT Inc is focused on logistics facilities in Japan. Its investment objective is to maximize unit holder value through a portfolio that generates stable income and achieves steady growth. It invests in high quality Class-A logistics facilities, owning and operating them for medium- to long-term purposes.
72GF Score
Get the complete analysis for NPONF
Net Cash per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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