Image Power (WAR:IPW) Net Cash per Share: zł-0.02 (As of Jun. 2026)

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.

WAR:IPW Image Power SA WAR:IPW
72 GF Score
Price zł2.22
GF Value zł2.18
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Image Power Net Cash per Share?

Image Power WAR:IPW +7.77% 72 Net Cash per Share is zł-0.02 as of Jun. 2026. GuruFocus rates WAR:IPW with a GF Score™ of 72/100 and a GF Value™ of zł2.18 (Fairly Valued). The stock has 5 warning signs investors should review. Among 232 Interactive Media companies, Image Power ranks worse than 431034.05% 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). Image Power's Net Cash per Share for the quarter that ended in Jun. 2026 was zł-0.02.

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

During the past 8 years, the highest Price-to-Net-Cash Ratio of Image Power was 145.00. The lowest was 72.73. And the median was 108.87.

WAR:IPW's Price-to-Net-Cash is not ranked *
in the Interactive Media industry.
Industry Median: 5.635
* Ranked among companies with meaningful Price-to-Net-Cash only.

Image Power  (WAR:IPW) 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.


Image Power Net Cash per Share Related Terms


Image Power Net Cash per Share Historical Data

* Premium members only.

The historical data trend for Image Power'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.

Image Power Net Cash per Share Chart

Image Power Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Cash per Share
Get a 7-Day Free Trial -0.12 -1.29 -1.84 -2.06 -0.08

Image Power Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -2.28 -0.04 -0.08 -0.13 -0.02

WAR:IPW vs NTES, TTWO, RBLX: Net Cash per Share Comparison

For the Electronic Gaming & Multimedia subindustry, Image Power'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.


Image Power Price-to-Net-Cash vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Image Power's Price-to-Net-Cash distribution charts can be found below:

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


WAR:IPW
72GF Score
Image Power SA WAR:IPW
Net Cash per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Image Power 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.

Image Power's Net Cash per Share for the fiscal year that ended in Dec. 2025 is calculated as

Net Cash per Share (A: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(0.017-0.281-0)/3.231
=-0.08

Image Power's Net Cash per Share for the quarter that ended in Jun. 2026 is calculated as

Net Cash per Share (Q: Jun. 2026 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(0.001-0.073-0)/2.894
=-0.02

* 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 zł-0.02 mean?
Image Power (WAR:IPW) has a Net Cash per Share of zł-0.02 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 Image Power and its competitors. According to the industry distribution chart, Image Power ranks #999999 out of 232 companies in the Interactive Media industry.
Is Image Power's Net Cash per Share too high?
Image Power's current Net Cash per Share is zł-0.02. Based on the distribution chart, Image Power ranks #999999 out of 232 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Image Power has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Image Power's Net Cash per Share compare to NTES and TTWO?
According to the Interactive Media industry distribution chart, Image Power ranks #999999 out of 232 companies for Net Cash per Share. This places Image Power in the lower half of its industry. The industry median Net Cash per Share is 5.64. 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 Interactive Media company?
The median Net Cash per Share among Interactive Media companies is 5.64, based on 232 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 Image Power and its competitors. For the Interactive Media industry, the median Net Cash per Share is 5.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Image Power's current Net Cash per Share is zł-0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Image Power stock overvalued right now?
Based on GuruFocus' analysis, Image Power (WAR:IPW) is currently considered Fairly Valued. The stock's GF Value™ is zł2.18, compared to a current price of zł2.22 — trading 1.8% above its estimated fair value. The current Net Cash per Share is zł-0.02. Image Power's overall GF Score™ is 72/100 with 5 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 Image Power (WAR:IPW), the current Net Cash per Share is zł-0.02 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 Image Power (WAR:IPW) Overvalued in 2026?

Based on GuruFocus' analysis, Image Power stock appears to be overvalued. The current stock price of zł2.22 is trading 1.8% above its estimated GF Value™ of zł2.18. GuruFocus considers Image Power to be Fairly Valued.

Key valuation signals for WAR:IPW:

  • Net Cash per Share: zł-0.02
  • GF Value™: zł2.18 vs. price of zł2.22 (1.8% above fair value)
  • GF Score™: 72/100 with 5 warning signs

No single metric tells the full story. See the WAR:IPW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Image Power Business Description

Address ul. Popularna 14/3, Warsaw, POL, 02-473
Image Power SA operates in the video game market, specializing in the production and distribution of games for desktop computers. The company is involved in the production, publishing and marketing of games. Its products are sold globally in the digital distribution model, mainly through the dedicated steam distribution platform, which is the distributor of PC games in the world. In addition, the games are released on consoles such as Nintendo Switch, Xbox One and PlayStation 4.
72GF Score

Get the complete analysis for WAR:IPW

Net Cash per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

zł2.22
Price
zł2.18
GF Value