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Spotify TechnologyXSWX:SPOT -2.50%79 Net Cash per Share is CHF18.03 as of Jun. 2026, which is 100% below its 10-year median of 63.86. GuruFocus rates XSWX:SPOT with a GF Score™ of 79/100 and a GF Value™ of CHF420.17. The stock has 2 warning signs investors should review. Among 240 Interactive Media companies, Spotify Technology ranks worse than 82.08% on this metric.
The historical rank and industry rank for Spotify Technology's Net Cash per Share or its related term are showing as below:
XSWX:SPOT'
s Price-to-Net-Cash Range Over the Past 10 Years
Min: 20.35 Med: 63.86 Max: 418.78
Current: 20.84
During the past 11 years, the highest Price-to-Net-Cash Ratio of Spotify Technology was 418.78. The lowest was 20.35. And the median was 63.86.
XSWX:SPOT's Price-to-Net-Cash is ranked worse than 82.08% of 240
companies
in the Interactive Media industry
Industry Median: 5.575
vs XSWX:SPOT: 20.84
Spotify Technology (XSWX:SPOT) 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.
Spotify Technology Net Cash per Share Related Terms
Spotify Technology Net Cash per Share Historical Data
* Premium members only.
The historical data trend for Spotify Technology'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:SPOT vs NBIS, BIDU, RDDT: Net Cash per Share Comparison
For the Internet Content & Information subindustry, Spotify Technology'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.
Spotify Technology Price-to-Net-Cash vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Spotify Technology's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Spotify Technology'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.
Spotify Technology'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.
Spotify Technology (XSWX:SPOT) has a Net Cash per Share of CHF18.03 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 Spotify Technology and its competitors. This is 72% below median its historical median of 63.86. Over the past decade, Spotify Technology's Net Cash per Share has ranged from 20.35 to 418.78. According to the industry distribution chart, Spotify Technology ranks #197 out of 240 companies in the Interactive Media industry, placing it in the top 82.1%.
Is Spotify Technology's Net Cash per Share too high?
Spotify Technology's current Net Cash per Share of CHF18.03 is 72% below median its 10-year median of 63.86. Over the past 10 years, this metric has ranged from a low of 20.35 to a high of 418.78. Based on the distribution chart, Spotify Technology ranks #197 out of 240 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Spotify Technology has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Spotify Technology's Net Cash per Share compare to NBIS and BIDU?
According to the Interactive Media industry distribution chart, Spotify Technology ranks #197 out of 240 companies for Net Cash per Share. This places Spotify Technology in the lower half of its industry. The industry median Net Cash per Share is 5.58. Historically, Spotify Technology's own Net Cash per Share has ranged from 20.35 to 418.78 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 Interactive Media company?
The median Net Cash per Share among Interactive Media companies is 5.58, based on 240 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 Spotify Technology and its competitors. For the Interactive Media industry, the median Net Cash per Share is 5.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spotify Technology's current Net Cash per Share is CHF18.03, which is 72% below median its own 10-year median of 63.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spotify Technology stock overvalued right now?
Spotify Technology (XSWX:SPOT) has a current Net Cash per Share of CHF18.03. The stock's GF Value™ is CHF420.17, compared to a current price of CHF390.50 — trading 7.1% below its estimated fair value. The current Net Cash per Share is CHF18.03, which is 72% below median its 10-year median of 63.86. Spotify Technology's overall GF Score™ is 79/100 with 2 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 Spotify Technology (XSWX:SPOT), the current Net Cash per Share is CHF18.03 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 Spotify Technology (XSWX:SPOT) Overvalued in 2026?
Based on GuruFocus' analysis, Spotify Technology stock appears to be undervalued.
The current stock price of CHF390.50 is trading 7.1% below its estimated GF Value™ of CHF420.17.
Key valuation signals for XSWX:SPOT:
Net Cash per Share: CHF18.03 (72% below median its 10-year median of 63.86)
GF Value™: CHF420.17 vs. price of CHF390.50 (7.1% below fair value)
No single metric tells the full story. See the XSWX:SPOT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spotify is the leading global music streaming service, with over 750 million monthly active users and nearly 300 million paying subscribers, with the latter constituting the firm's premium segment. Most of the firm's revenue and nearly all its gross profit come from subscribers, who pay a monthly fee to access a music library that includes most of the most popular songs ever recorded, including all from the major record labels. The firm also offers access to audiobooks and integrates podcasts within its standard music app. Podcast content is not exclusive and is typically free to access on other platforms. Ad-supported users can access a similar music catalog, but cannot customize a similar on-demand experience.
79GF Score
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