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TON Strategy Co (NAS:TONX) 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.
TON Strategy Co Net Cash per Share Related Terms
TON Strategy Co Net Cash per Share Historical Data
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The historical data trend for TON Strategy 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.
TONX vs DOMO, RTB, DHX: Net Cash per Share Comparison
For the Software - Application subindustry, TON Strategy 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.
TON Strategy Co Price-to-Net-Cash vs Software Industry
For the Software industry and Technology sector, TON Strategy Co's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where TON Strategy 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.
TON Strategy 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.
TON Strategy Co (TONX) has a Net Cash per Share of $0.43 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 TON Strategy Co and its competitors. According to the industry distribution chart, TON Strategy Co ranks #388 out of 860 companies in the Software industry, placing it in the top 45.1%.
Is TON Strategy Co's Net Cash per Share too high?
TON Strategy Co's current Net Cash per Share is $0.43. The Software industry median Net Cash per Share is 7.98. TON Strategy Co's value of $0.43 is 94.6% below this industry median. Based on the distribution chart, TON Strategy Co ranks #388 out of 860 companies in the Software industry, which is above the industry midpoint. Overall, TON Strategy Co has a GF Score™ of 46/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TON Strategy Co's Net Cash per Share compare to DOMO and RTB?
According to the Software industry distribution chart, TON Strategy Co ranks #388 out of 860 companies for Net Cash per Share. This puts TON Strategy Co in the upper half of its industry. The industry median Net Cash per Share is 7.98. TON Strategy Co's value of $0.43 is 94.6% below this benchmark. 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 Software company?
The median Net Cash per Share among Software companies is 7.98, based on 860 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. TON Strategy Co's current Net Cash per Share of $0.43 is 94.6% below the industry median. 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 TON Strategy Co and its competitors. For the Software industry, the median Net Cash per Share is 7.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TON Strategy Co's current Net Cash per Share is $0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TON Strategy Co stock overvalued right now?
Based on GuruFocus' analysis, TON Strategy Co (TONX) is currently considered Possible Value Trap. The stock's GF Value™ is $5.30, compared to a current price of $3.03 — trading 42.8% below its estimated fair value. The current Net Cash per Share is $0.43 and 94.6% below the Software industry median of 7.98. TON Strategy Co's overall GF Score™ is 46/100 with 4 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 TON Strategy Co (TONX), the current Net Cash per Share is $0.43 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 TON Strategy Co (TONX) Overvalued in 2026?
Based on GuruFocus' analysis, TON Strategy Co stock appears to be undervalued.
The current stock price of $3.03 is trading 42.8% below its estimated GF Value™ of $5.30.
GuruFocus considers TON Strategy Co to be Possible Value Trap.
Key valuation signals for TONX:
Net Cash per Share: $0.43
GF Value™: $5.30 vs. price of $3.03 (42.8% below fair value)
Industry Position: 94.6% below the Software median (#388 of 860)
No single metric tells the full story. See the TONX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TON Strategy Co is a digital asset treasury and Web3 ecosystem company focused on supporting The Open Network, a public blockchain integrated with Telegram and designed for fast, scalable transactions and decentralized applications. Its core business is managing its holdings of Toncoin (TON), including staking tokens to support network validation and earn rewards, while adhering to regulatory, accounting, and risk management standards. The company also pursues Web3 initiatives to support the ecosystem's growth and adoption. It operates through MARKET. live, Go Fund Yourself, and TON segments, with MARKET.live generating maximum revenue as a multi-vendor livestream shopping platform that combines e-commerce and entertainment across social and video channels.
46GF Score
Get the complete analysis for TONX
Net Cash per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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