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Onward Holdings CoOKASY 76 Net Cash per Share is $-17.99 as of Feb. 2026. GuruFocus rates OKASY with a GF Score™ of 76/100 and a GF Value™ of $48.16. The stock has 1 warning sign investors should review. Among 172 Manufacturing - Apparel & Accessories companies, Onward Holdings Co ranks worse than 581394.77% on this metric.
The historical rank and industry rank for Onward Holdings Co's Net Cash per Share or its related term are showing as below:
OKASY's Price-to-Net-Cash is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 6.925 * Ranked among companies with meaningful Price-to-Net-Cash only.
Onward Holdings Co (OTCPK:OKASY) 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.
Onward Holdings Co Net Cash per Share Related Terms
Onward Holdings Co Net Cash per Share Historical Data
* Premium members only.
The historical data trend for Onward Holdings 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.
OKASY vs RL, LEVI, VFC: Net Cash per Share Comparison
For the Apparel Manufacturing subindustry, Onward Holdings 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.
Onward Holdings Co Price-to-Net-Cash vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Onward Holdings Co's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Onward Holdings Co'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.
Onward Holdings Co's Net Cash per Share for the fiscal year that ended in Feb. 2026 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.
Onward Holdings Co (OKASY) has a Net Cash per Share of $-17.99 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 Onward Holdings Co and its competitors. According to the industry distribution chart, Onward Holdings Co ranks #999999 out of 172 companies in the Manufacturing - Apparel & Accessories industry.
Is Onward Holdings Co's Net Cash per Share too high?
Onward Holdings Co's current Net Cash per Share is $-17.99. Based on the distribution chart, Onward Holdings Co ranks #999999 out of 172 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Onward Holdings Co has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Onward Holdings Co's Net Cash per Share compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Onward Holdings Co ranks #999999 out of 172 companies for Net Cash per Share. This places Onward Holdings Co in the lower half of its industry. The industry median Net Cash per Share is 6.93. 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 Manufacturing - Apparel & Accessories company?
The median Net Cash per Share among Manufacturing - Apparel & Accessories companies is 6.93, based on 172 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 Onward Holdings Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Net Cash per Share is 6.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Onward Holdings Co's current Net Cash per Share is $-17.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Onward Holdings Co stock overvalued right now?
Onward Holdings Co (OKASY) has a current Net Cash per Share of $-17.99. The stock's GF Value™ is $48.16, compared to a current price of $50.00 — trading 3.8% above its estimated fair value. The current Net Cash per Share is $-17.99. Onward Holdings Co's overall GF Score™ is 76/100 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 Onward Holdings Co (OKASY), the current Net Cash per Share is $-17.99 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 Onward Holdings Co (OKASY) Overvalued in 2026?
Based on GuruFocus' analysis, Onward Holdings Co stock appears to be overvalued.
The current stock price of $50.00 is trading 3.8% above its estimated GF Value™ of $48.16.
Key valuation signals for OKASY:
Net Cash per Share: $-17.99
GF Value™: $48.16 vs. price of $50.00 (3.8% above fair value)
No single metric tells the full story. See the OKASY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Onward Holdings Co Ltd manufactures and sells clothing, shoes, uniforms, bags, and other items. Women's clothing sales account for the majority of Onward's apparel revenue. The company's core brands include Nijyusanku, Kumikyoku, ICB, Jiyuku, J.Press, and Gotairiku. More than three-fourths of Onward's sales are through department stores. Remaining sales are through other retailers, directly managed stores, and e-commerce. More than three-fourths of Onward's sales are in Japan, and the majority of the company's remaining sales are in Europe. The company manufactures its products mainly in China.
76GF Score
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