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VirnetX Holding (NAS:VHC) 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.
VirnetX Holding Net Cash per Share Related Terms
VirnetX Holding Net Cash per Share Historical Data
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The historical data trend for VirnetX Holding'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.
VHC vs LIDR, WHEN, USIO: Net Cash per Share Comparison
For the Software - Infrastructure subindustry, VirnetX Holding'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.
VirnetX Holding Price-to-Net-Cash vs Software Industry
For the Software industry and Technology sector, VirnetX Holding's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where VirnetX Holding'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.
VirnetX Holding'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.
VirnetX Holding (VHC) has a Net Cash per Share of $1.42 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 VirnetX Holding and its competitors. According to the industry distribution chart, VirnetX Holding ranks #458 out of 841 companies in the Software industry, placing it in the top 54.5%.
Is VirnetX Holding's Net Cash per Share too high?
VirnetX Holding's current Net Cash per Share is $1.42. The Software industry median Net Cash per Share is 8.17. VirnetX Holding's value of $1.42 is 82.6% below this industry median. Based on the distribution chart, VirnetX Holding ranks #458 out of 841 companies in the Software industry, which is below the industry midpoint. Overall, VirnetX Holding has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does VirnetX Holding's Net Cash per Share compare to LIDR and WHEN?
According to the Software industry distribution chart, VirnetX Holding ranks #458 out of 841 companies for Net Cash per Share. This places VirnetX Holding in the lower half of its industry. The industry median Net Cash per Share is 8.17. VirnetX Holding's value of $1.42 is 82.6% 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 8.17, based on 841 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. VirnetX Holding's current Net Cash per Share of $1.42 is 82.6% 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 VirnetX Holding 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. VirnetX Holding's current Net Cash per Share is $1.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VirnetX Holding stock overvalued right now?
Based on GuruFocus' analysis, VirnetX Holding (VHC) is currently considered Possible Value Trap. The stock's GF Value™ is $60.46, compared to a current price of $13.19 — trading 78.2% below its estimated fair value. The current Net Cash per Share is $1.42 and 82.6% below the Software industry median of 8.17. VirnetX Holding's overall GF Score™ is 49/100 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 VirnetX Holding (VHC), the current Net Cash per Share is $1.42 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 VirnetX Holding (VHC) Overvalued in 2026?
Based on GuruFocus' analysis, VirnetX Holding stock appears to be undervalued.
The current stock price of $13.19 is trading 78.2% below its estimated GF Value™ of $60.46.
GuruFocus considers VirnetX Holding to be Possible Value Trap.
Key valuation signals for VHC:
Net Cash per Share: $1.42
GF Value™: $60.46 vs. price of $13.19 (78.2% below fair value)
Industry Position: 82.6% below the Software median (#458 of 841)
No single metric tells the full story. See the VHC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
VirnetX Holding Corp is engaged in the business of commercializing a portfolio of patents. It is an Internet security software and technology company with patented technology for secure communications. Its software and technology solutions, including its Secure Domain Name Registry and Technology, VirnetX One, War Room, VirnetX Matrix, and GABRIEL Connection Technology, are designed to be device and location-independent, and enable a secure real-time communication environment for all types of enterprise applications, services and critical infrastructures.
49GF Score
Get the complete analysis for VHC
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