UTNDF (UNITED) Net Cash per Share: $2.06 (As of Mar. 2026) — 28% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

What is UNITED Net Cash per Share?

UNITED UTNDF 66 Net Cash per Share is $2.06 as of Mar. 2026, which is 28% above its 10-year median of 1.61. GuruFocus rates UTNDF with a GF Score™ of 66/100. The stock has 4 warning signs investors should review. Among 883 Software companies, UNITED ranks better than 93.43% on this metric.

Net Cash per Share is calculated as Cash, Cash Equivalents, Marketable Securities minus Total Liabilities minus Minority Interest and then divided by Shares Outstanding (EOP). UNITED's Net Cash per Share for the quarter that ended in Mar. 2026 was $2.06.

The historical rank and industry rank for UNITED's Net Cash per Share or its related term are showing as below:

UTNDF' s Price-to-Net-Cash Range Over the Past 10 Years
Min: 0.8   Med: 1.61   Max: 16.21
Current: 1.57

During the past 13 years, the highest Price-to-Net-Cash Ratio of UNITED was 16.21. The lowest was 0.80. And the median was 1.61.

UTNDF's Price-to-Net-Cash is ranked better than
93.43% of 883 companies
in the Software industry
Industry Median: 8.17 vs UTNDF: 1.57

UNITED  (OTCPK:UTNDF) 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.


UNITED Net Cash per Share Related Terms


UNITED Net Cash per Share Historical Data

* Premium members only.

The historical data trend for UNITED'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.

UNITED Net Cash per Share Chart

UNITED Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Net Cash per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.71 3.62 3.00 2.84 2.06

UNITED Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net Cash per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.84 2.67 2.53 2.13 2.06

UTNDF vs QH, SHOP, UBER: Net Cash per Share Comparison

For the Software - Application subindustry, UNITED'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.


UNITED Price-to-Net-Cash vs Software Industry

For the Software industry and Technology sector, UNITED's Price-to-Net-Cash distribution charts can be found below:

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



UNITED 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.

UNITED's Net Cash per Share for the fiscal year that ended in Mar. 2026 is calculated as

Net Cash per Share (A: Mar. 2026 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(94.716-14.397-3.067)/37.441
=2.06

UNITED's Net Cash per Share for the quarter that ended in Mar. 2026 is calculated as

Net Cash per Share (Q: Mar. 2026 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(94.716-14.397-3.067)/37.441
=2.06

* 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.

Frequently Asked Questions Learn more about Net Cash per Share →
What does a Net Cash per Share of $2.06 mean?
UNITED (UTNDF) has a Net Cash per Share of $2.06 as of Mar. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on UNITED and its competitors. This is 28% above median its historical median of 1.61. Over the past decade, UNITED's Net Cash per Share has ranged from 0.80 to 16.21. According to the industry distribution chart, UNITED ranks #58 out of 883 companies in the Software industry, placing it in the top 6.6%.
Is UNITED's Net Cash per Share too high?
UNITED's current Net Cash per Share of $2.06 is 28% above median its 10-year median of 1.61. Over the past 10 years, this metric has ranged from a low of 0.80 to a high of 16.21. The Software industry median Net Cash per Share is 8.17. UNITED's value of $2.06 is 74.8% below this industry median. Based on the distribution chart, UNITED ranks #58 out of 883 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, UNITED has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does UNITED's Net Cash per Share compare to QH and SHOP?
According to the Software industry distribution chart, UNITED ranks #58 out of 883 companies for Net Cash per Share. This places UNITED in the top 7% of its industry — outperforming the majority of peers. The industry median Net Cash per Share is 8.17. UNITED's value of $2.06 is 74.8% below this benchmark. Historically, UNITED's own Net Cash per Share has ranged from 0.80 to 16.21 over the past decade. While the company's 10-year median is 1.61 vs. the industry median of 8.17, UNITED has consistently been below the industry average. 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 8.17, based on 883 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. UNITED's current Net Cash per Share of $2.06 is 74.8% 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 UNITED and its competitors. For the Software industry, the median Net Cash per Share is 8.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. UNITED's current Net Cash per Share is $2.06, which is 28% above median its own 10-year median of 1.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is UNITED stock overvalued right now?
UNITED (UTNDF) has a current Net Cash per Share of $2.06. The current Net Cash per Share is $2.06, which is 28% above median its 10-year median of 1.61 and 74.8% below the Software industry median of 8.17. UNITED's overall GF Score™ is 66/100 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 UNITED (UTNDF), the current Net Cash per Share is $2.06 as of Mar. 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.

UNITED Business Description

Other Exchanges 2497:Japan
Address MFPR Shibuya Bldg 10F, 1-2-5 Shibuya, Shibuyaku, Tokyo, JPN, 150-0002
UNITED Inc is a Japan-based company, engages in advertising technology and smartphone applications business. It offers various smartphone applications, including CocoPPa, CocoPPa Play, CocoPPa Launcher, CHEERZ, and Crash Fever; and Kanahei Apps.