PHOS (First Phosphate) Net Cash per Share: $0.48 (As of May. 2026) — 97% Below Median

First Phosphate  (NAS:PHOS) 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.

First Phosphate Net Cash per Share Related Terms

The historical data trend for First Phosphate'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.

First Phosphate Net Cash per Share Chart

First Phosphate Annual Data
	Trend	Feb11	Feb12	Feb19	Feb20	Feb21	Feb22	Feb23	Feb24	Feb25	Feb26
Net Cash per Share		Get a 7-Day Free Trial					-0.10	0.10	0.38	0.06	0.67

First Phosphate Quarterly Data
	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25	May25	Aug25	Nov25	Feb26	May26
Net Cash per Share	Get a 7-Day Free Trial															0.19	0.43	0.88	0.67	0.48

First Phosphate Net Cash per Share Competitor Comparison

For the Other Industrial Metals & Mining subindustry, First Phosphate'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.

First Phosphate Price-to-Net-Cash vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, First Phosphate's Price-to-Net-Cash distribution charts can be found below:

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

First Phosphate 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.

First Phosphate's Net Cash per Share for the fiscal year that ended in Feb. 2026 is calculated as

First Phosphate's Net Cash per Share for the quarter that ended in May. 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.

First Phosphate Business Description