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The historical rank and industry rank for Plug Power's Net Cash per Share or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Cash Ratio of Plug Power was 16.06. The lowest was 4.54. And the median was 6.03.
XSWX:PLUG's Price-to-Net-Cash is not ranked *
in the Industrial Products industry.
Industry Median: 9.81 * Ranked among companies with meaningful Price-to-Net-Cash only.
Plug Power (XSWX:PLUG) 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.
Plug Power Net Cash per Share Related Terms
Plug Power Net Cash per Share Historical Data
* Premium members only.
The historical data trend for Plug 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.
XSWX:PLUG vs HAYW, ATKR, TE: Net Cash per Share Comparison
For the Electrical Equipment & Parts subindustry, Plug 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.
Plug Power Price-to-Net-Cash vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Plug Power's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Plug Power'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.
Plug Power'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.
Plug Power (XSWX:PLUG) has a Net Cash per Share of CHF-0.79 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 Plug Power and its competitors. Over the past decade, Plug Power's Net Cash per Share has ranged from 4.54 to 16.06. According to the industry distribution chart, Plug Power ranks #999999 out of 627 companies in the Industrial Products industry.
Is Plug Power's Net Cash per Share too high?
Plug Power's current Net Cash per Share is CHF-0.79. Over the past 10 years, this metric has ranged from a low of 4.54 to a high of 16.06. Based on the distribution chart, Plug Power ranks #999999 out of 627 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Plug Power has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does Plug Power's Net Cash per Share compare to HAYW and ATKR?
According to the Industrial Products industry distribution chart, Plug Power ranks #999999 out of 627 companies for Net Cash per Share. This places Plug Power in the lower half of its industry. The industry median Net Cash per Share is 9.81. Historically, Plug Power's own Net Cash per Share has ranged from 4.54 to 16.06 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 9.81, based on 627 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 Plug Power and its competitors. For the Industrial Products industry, the median Net Cash per Share is 9.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Plug Power's current Net Cash per Share is CHF-0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Plug Power stock overvalued right now?
Plug Power (XSWX:PLUG) has a current Net Cash per Share of CHF-0.79. The stock's GF Value™ is CHF1.28, compared to a current price of CHF1.88 — trading 46.5% above its estimated fair value. The current Net Cash per Share is CHF-0.79. Plug Power's overall GF Score™ is 42/100 with 6 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 Plug Power (XSWX:PLUG), the current Net Cash per Share is CHF-0.79 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 Plug Power (XSWX:PLUG) Overvalued in 2026?
Based on GuruFocus' analysis, Plug Power stock appears to be overvalued.
The current stock price of CHF1.88 is trading 46.5% above its estimated GF Value™ of CHF1.28.
Key valuation signals for XSWX:PLUG:
Net Cash per Share: CHF-0.79
GF Value™: CHF1.28 vs. price of CHF1.88 (46.5% above fair value)
No single metric tells the full story. See the XSWX:PLUG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Plug Power Inc is building an end-to-end green hydrogen ecosystem, from production, storage, and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets, including material handling, e-mobility, power generation, and industrial applications.
42GF Score
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Net Cash per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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