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.
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.
Royal Bank of Canada (NYSE:RY) 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.
Royal Bank of Canada Net Cash per Share Related Terms
Royal Bank of Canada Net Cash per Share Historical Data
* Premium members only.
The historical data trend for Royal Bank of Canada'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.
RY vs JPM, BAC, WFC: Net Cash per Share Comparison
For the Banks - Diversified subindustry, Royal Bank of Canada'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.
Royal Bank of Canada Price-to-Net-Cash vs Banks Industry
For the Banks industry and Financial Services sector, Royal Bank of Canada's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Royal Bank of Canada's Price-to-Net-Cash falls into.
Royal Bank of Canada 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.
Royal Bank of Canada's Net Cash per Share for the fiscal year that ended in Oct. 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.
Royal Bank of Canada (RY) has a Net Cash per Share of $-987.08 as of Apr. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Royal Bank of Canada and its competitors. According to the industry distribution chart, Royal Bank of Canada ranks #999999 out of 8 companies in the Banks industry.
Is Royal Bank of Canada's Net Cash per Share too high?
Royal Bank of Canada's current Net Cash per Share is $-987.08. Based on the distribution chart, Royal Bank of Canada ranks #999999 out of 8 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Royal Bank of Canada has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Royal Bank of Canada's Net Cash per Share compare to JPM and BAC?
According to the Banks industry distribution chart, Royal Bank of Canada ranks #999999 out of 8 companies for Net Cash per Share. This places Royal Bank of Canada in the lower half of its industry. The industry median Net Cash per Share is 2.50. 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 Banks company?
The median Net Cash per Share among Banks companies is 2.50, based on 8 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 Royal Bank of Canada and its competitors. For the Banks industry, the median Net Cash per Share is 2.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Royal Bank of Canada's current Net Cash per Share is $-987.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Royal Bank of Canada stock overvalued right now?
Based on GuruFocus' analysis, Royal Bank of Canada (RY) is currently considered Significantly Overvalued. The stock's GF Value™ is $148.37, compared to a current price of $215.00 — trading 44.9% above its estimated fair value. The current Net Cash per Share is $-987.08. Royal Bank of Canada's overall GF Score™ is 71/100 with 8 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 Royal Bank of Canada (RY), the current Net Cash per Share is $-987.08 as of Apr. 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 Royal Bank of Canada (RY) Overvalued in 2026?
Based on GuruFocus' analysis, Royal Bank of Canada stock appears to be overvalued.
The current stock price of $215.00 is trading 44.9% above its estimated GF Value™ of $148.37.
GuruFocus considers Royal Bank of Canada to be Significantly Overvalued.
Key valuation signals for RY:
Net Cash per Share: $-987.08
GF Value™: $148.37 vs. price of $215.00 (44.9% above fair value)
No single metric tells the full story. See the RY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Royal Bank of Canada is one of the two largest banks in Canada, with around CAD 2.4 trillion in assets at the end of April 2026. It is a diversified financial services company, offering personal and commercial banking, wealth management, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada and has dominant market shares. RBC also has wealth and capital market businesses in the US, UK, and other countries. RBC is a top 15 investment bank globally.
71GF Score
Get the complete analysis for RY
Net Cash per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
RY has been successfully added to your 
