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Ballard Power SystemsXSWX:BLDP +1.02%71 Net Cash per Share is CHF1.14 as of Mar. 2026, which is 100% below its 10-year median of 3.66. GuruFocus rates XSWX:BLDP with a GF Score™ of 71/100 and a GF Value™ of CHF2.47. The stock has 4 warning signs investors should review. Among 618 Industrial Products companies, Ballard Power Systems ranks better than 90.45% on this metric.
The historical rank and industry rank for Ballard Power Systems's Net Cash per Share or its related term are showing as below:
XSWX:BLDP'
s Price-to-Net-Cash Range Over the Past 10 Years
Min: 0.7 Med: 3.66 Max: 459
Current: 1.88
During the past 13 years, the highest Price-to-Net-Cash Ratio of Ballard Power Systems was 459.00. The lowest was 0.70. And the median was 3.66.
XSWX:BLDP's Price-to-Net-Cash is ranked better than 90.45% of 618
companies
in the Industrial Products industry
Industry Median: 9.395
vs XSWX:BLDP: 1.88
Ballard Power Systems (XSWX:BLDP) 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.
Ballard Power Systems Net Cash per Share Related Terms
Ballard Power Systems Net Cash per Share Historical Data
* Premium members only.
The historical data trend for Ballard Power Systems'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.
XSWX:BLDP vs VRT, BE: Net Cash per Share Comparison
For the Electrical Equipment & Parts subindustry, Ballard Power Systems'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.
Ballard Power Systems Price-to-Net-Cash vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ballard Power Systems's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Ballard Power Systems's Price-to-Net-Cash falls into.
Ballard Power Systems 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.
Ballard Power Systems'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.
Ballard Power Systems (XSWX:BLDP) has a Net Cash per Share of CHF1.14 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 Ballard Power Systems and its competitors. This is 69% below median its historical median of 3.66. Over the past decade, Ballard Power Systems' Net Cash per Share has ranged from 0.70 to 459.00. According to the industry distribution chart, Ballard Power Systems ranks #59 out of 618 companies in the Industrial Products industry, placing it in the top 9.5%.
Is Ballard Power Systems' Net Cash per Share too high?
Ballard Power Systems' current Net Cash per Share of CHF1.14 is 69% below median its 10-year median of 3.66. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 459.00. Based on the distribution chart, Ballard Power Systems ranks #59 out of 618 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Ballard Power Systems has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Ballard Power Systems' Net Cash per Share compare to VRT and BE?
According to the Industrial Products industry distribution chart, Ballard Power Systems ranks #59 out of 618 companies for Net Cash per Share. This places Ballard Power Systems in the top 10% of its industry — outperforming the majority of peers. The industry median Net Cash per Share is 9.40. Historically, Ballard Power Systems' own Net Cash per Share has ranged from 0.70 to 459.00 over the past decade. 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 Industrial Products company?
The median Net Cash per Share among Industrial Products companies is 9.40, based on 618 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 Ballard Power Systems and its competitors. For the Industrial Products industry, the median Net Cash per Share is 9.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ballard Power Systems's current Net Cash per Share is CHF1.14, which is 69% below median its own 10-year median of 3.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ballard Power Systems stock overvalued right now?
Ballard Power Systems (XSWX:BLDP) has a current Net Cash per Share of CHF1.14. The stock's GF Value™ is CHF2.47, compared to a current price of CHF2.18 — trading 11.8% below its estimated fair value. The current Net Cash per Share is CHF1.14, which is 69% below median its 10-year median of 3.66. Ballard Power Systems' overall GF Score™ is 71/100 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 Ballard Power Systems (XSWX:BLDP), the current Net Cash per Share is CHF1.14 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.
Is Ballard Power Systems (XSWX:BLDP) Overvalued in 2026?
Based on GuruFocus' analysis, Ballard Power Systems stock appears to be undervalued.
The current stock price of CHF2.18 is trading 11.8% below its estimated GF Value™ of CHF2.47.
Key valuation signals for XSWX:BLDP:
Net Cash per Share: CHF1.14 (69% below median its 10-year median of 3.66)
GF Value™: CHF2.47 vs. price of CHF2.18 (11.8% below fair value)
No single metric tells the full story. See the XSWX:BLDP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ballard Power Systems Inc is engaged in design, development, manufacture, sale and service of proton exchange membrane ("PEM") fuel cell products for a variety of applications, focusing on power products for bus, truck, rail, marine, stationary and emerging market (material handling, off-road and other) applications, as well as the delivery of services, including technology solutions, after sales services and training. A fuel cell is an environmentally clean electrochemical device that combines hydrogen fuel with oxygen (from the air) to produce electricity. Key geographical revenue is derived from United States followed by Poland, Canada, and other countries.
71GF Score
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