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374WaterSCWO +2.79%42 Net Cash per Share is $-0.46 as of Jun. 2026. GuruFocus rates SCWO with a GF Score™ of 42/100 and a GF Value™ of $10.62 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 598 Industrial Products companies, 374Water ranks worse than 167223.91% on this metric.
The historical rank and industry rank for 374Water's Net Cash per Share or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Cash Ratio of 374Water was 453.33. The lowest was 13.48. And the median was 39.52.
SCWO's Price-to-Net-Cash is not ranked *
in the Industrial Products industry.
Industry Median: 10.515 * Ranked among companies with meaningful Price-to-Net-Cash only.
374Water (NAS:SCWO) 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.
374Water Net Cash per Share Related Terms
374Water Net Cash per Share Historical Data
* Premium members only.
The historical data trend for 374Water'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.
SCWO vs FTEK, ZONE, BCHT: Net Cash per Share Comparison
For the Pollution & Treatment Controls subindustry, 374Water'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.
374Water Price-to-Net-Cash vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, 374Water's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where 374Water'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.
374Water's Net Cash per Share for the fiscal year that ended in Dec. 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.
374Water (SCWO) has a Net Cash per Share of $-0.46 as of Jun. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on 374Water and its competitors. According to the industry distribution chart, 374Water ranks #999999 out of 598 companies in the Industrial Products industry.
Is 374Water's Net Cash per Share too high?
374Water's current Net Cash per Share is $-0.46. Based on the distribution chart, 374Water ranks #999999 out of 598 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, 374Water has a GF Score™ of 42/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does 374Water's Net Cash per Share compare to FTEK and ZONE?
According to the Industrial Products industry distribution chart, 374Water ranks #999999 out of 598 companies for Net Cash per Share. This places 374Water in the lower half of its industry. The industry median Net Cash per Share is 10.52. 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 an Industrial Products company?
The median Net Cash per Share among Industrial Products companies is 10.52, based on 598 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 374Water and its competitors. For the Industrial Products industry, the median Net Cash per Share is 10.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 374Water's current Net Cash per Share is $-0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 374Water stock overvalued right now?
Based on GuruFocus' analysis, 374Water (SCWO) is currently considered Possible Value Trap. The stock's GF Value™ is $10.62, compared to a current price of $3.32 — trading 68.7% below its estimated fair value. The current Net Cash per Share is $-0.46. 374Water's overall GF Score™ is 42/100 with 9 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 374Water (SCWO), the current Net Cash per Share is $-0.46 as of Jun. 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 374Water (SCWO) Overvalued in 2026?
Based on GuruFocus' analysis, 374Water stock appears to be undervalued.
The current stock price of $3.32 is trading 68.7% below its estimated GF Value™ of $10.62.
GuruFocus considers 374Water to be Possible Value Trap.
Key valuation signals for SCWO:
Net Cash per Share: $-0.46
GF Value™: $10.62 vs. price of $3.32 (68.7% below fair value)
No single metric tells the full story. See the SCWO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
374Water Inc is a cleantech and environmental services company developing SCWO for the destruction of organic waste streams within the municipal, federal, and industrial markets. It offers its proprietary AirSCWO technology, which is designed to efficiently destroy and mineralize a broad spectrum of non-hazardous and hazardous organic wastes producing safe dischargeable water streams, safe mineral effluent, safe vent gas, and recoverable heat energy. Its AirSCWO technology is designed to effectively convert solid and liquid wastes such as sewage sludge, biosolids, food waste, hazardous and non-hazardous waste, including forever chemicals into inert and recoverable resources including water, minerals, and heat energy.
42GF Score
Get the complete analysis for SCWO
Net Cash per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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