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Spindletop Oil & Gas CoSPND 57 Net Cash per Share is $-1.03 as of Jun. 2026. GuruFocus rates SPND with a GF Score™ of 57/100 and a GF Value™ of $3.37 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 128 Oil & Gas companies, Spindletop Oil & Gas Co ranks worse than 781249.22% on this metric.
The historical rank and industry rank for Spindletop Oil & Gas Co'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 Spindletop Oil & Gas Co was 338.00. The lowest was 1.99. And the median was 4.34.
SPND's Price-to-Net-Cash is not ranked *
in the Oil & Gas industry.
Industry Median: 5.965 * Ranked among companies with meaningful Price-to-Net-Cash only.
Spindletop Oil & Gas Co (OTCPK:SPND) 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.
Spindletop Oil & Gas Co Net Cash per Share Related Terms
Spindletop Oil & Gas Co Net Cash per Share Historical Data
* Premium members only.
The historical data trend for Spindletop Oil & Gas 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.
SPND vs EONR, PRT, CKX: Net Cash per Share Comparison
For the Oil & Gas E&P subindustry, Spindletop Oil & Gas 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.
Spindletop Oil & Gas Co Price-to-Net-Cash vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Spindletop Oil & Gas Co's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Spindletop Oil & Gas Co's Price-to-Net-Cash falls into.
Spindletop Oil & Gas Co 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.
Spindletop Oil & Gas Co'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.
Spindletop Oil & Gas Co (SPND) has a Net Cash per Share of $-1.03 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 Spindletop Oil & Gas Co and its competitors. According to the industry distribution chart, Spindletop Oil & Gas Co ranks #999999 out of 128 companies in the Oil & Gas industry.
Is Spindletop Oil & Gas Co's Net Cash per Share too high?
Spindletop Oil & Gas Co's current Net Cash per Share is $-1.03. Based on the distribution chart, Spindletop Oil & Gas Co ranks #999999 out of 128 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Spindletop Oil & Gas Co has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Spindletop Oil & Gas Co's Net Cash per Share compare to EONR and PRT?
According to the Oil & Gas industry distribution chart, Spindletop Oil & Gas Co ranks #999999 out of 128 companies for Net Cash per Share. This places Spindletop Oil & Gas Co in the lower half of its industry. The industry median Net Cash per Share is 5.97. 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 Oil & Gas company?
The median Net Cash per Share among Oil & Gas companies is 5.97, based on 128 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 Spindletop Oil & Gas Co and its competitors. For the Oil & Gas industry, the median Net Cash per Share is 5.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spindletop Oil & Gas Co's current Net Cash per Share is $-1.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spindletop Oil & Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Spindletop Oil & Gas Co (SPND) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.37, compared to a current price of $5.74 — trading 70.3% above its estimated fair value. The current Net Cash per Share is $-1.03. Spindletop Oil & Gas Co's overall GF Score™ is 57/100 with 2 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 Spindletop Oil & Gas Co (SPND), the current Net Cash per Share is $-1.03 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 Spindletop Oil & Gas Co (SPND) Overvalued in 2026?
Based on GuruFocus' analysis, Spindletop Oil & Gas Co stock appears to be overvalued.
The current stock price of $5.74 is trading 70.3% above its estimated GF Value™ of $3.37.
GuruFocus considers Spindletop Oil & Gas Co to be Significantly Overvalued.
Key valuation signals for SPND:
Net Cash per Share: $-1.03
GF Value™: $3.37 vs. price of $5.74 (70.3% above fair value)
No single metric tells the full story. See the SPND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spindletop Oil & Gas Co is an independent oil and gas company engaged in the exploration, development, production, and acquisition of oil and natural gas. In addition, it also provides the rental of oilfield equipment and is engaged in the gathering and marketing of natural gas. The oil and gas properties of the company are spread across Texas, Oklahoma, New Mexico, Louisiana, and Alabama. The company's operating business segments are: oil and gas exploration, acquisition, development and production of oil and natural gas; natural gas gathering; and commercial real estate investment. A majority of its revenue is generated from the oil and gas exploration, production, and operations segment.
57GF Score
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