Zai LabZLAB +2.60%64 Net Cash per Share is $2.05 as of Mar. 2026, which is 51% below its 10-year median of 4.21. GuruFocus rates ZLAB with a GF Score™ of 64/100 and a GF Value™ of $30.23 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 805 Biotechnology companies, Zai Lab ranks worse than 68.45% on this metric.
The historical rank and industry rank for Zai Lab's Net Cash per Share or its related term are showing as below:
ZLAB'
s Price-to-Net-Cash Range Over the Past 10 Years
Min: 0.49 Med: 4.21 Max: 13.25
Current: 10
During the past 11 years, the highest Price-to-Net-Cash Ratio of Zai Lab was 13.25. The lowest was 0.49. And the median was 4.21.
ZLAB's Price-to-Net-Cash is ranked worse than 68.45% of 805
companies
in the Biotechnology industry
Industry Median: 5.53
vs ZLAB: 10.00
Zai Lab (NAS:ZLAB) 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.
Zai Lab Net Cash per Share Related Terms
Zai Lab Net Cash per Share Historical Data
* Premium members only.
The historical data trend for Zai Lab'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.
ZLAB vs STOK, ADMA, VRDN: Net Cash per Share Comparison
For the Biotechnology subindustry, Zai Lab'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.
Zai Lab Price-to-Net-Cash vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Zai Lab's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Zai Lab'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.
Zai Lab'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.
Zai Lab (ZLAB) has a Net Cash per Share of $2.05 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 Zai Lab and its competitors. This is 51% below median its historical median of 4.21. Over the past decade, Zai Lab's Net Cash per Share has ranged from 0.49 to 13.25. According to the industry distribution chart, Zai Lab ranks #551 out of 805 companies in the Biotechnology industry, placing it in the top 68.4%.
Is Zai Lab's Net Cash per Share too high?
Zai Lab's current Net Cash per Share of $2.05 is 51% below median its 10-year median of 4.21. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 13.25. The Biotechnology industry median Net Cash per Share is 5.53. Zai Lab's value of $2.05 is 62.9% below this industry median. Based on the distribution chart, Zai Lab ranks #551 out of 805 companies in the Biotechnology industry, which is below the industry midpoint. Overall, Zai Lab has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Zai Lab's Net Cash per Share compare to STOK and ADMA?
According to the Biotechnology industry distribution chart, Zai Lab ranks #551 out of 805 companies for Net Cash per Share. This places Zai Lab in the lower half of its industry. The industry median Net Cash per Share is 5.53. Zai Lab's value of $2.05 is 62.9% below this benchmark. Historically, Zai Lab's own Net Cash per Share has ranged from 0.49 to 13.25 over the past decade. While the company's 10-year median is 4.21 vs. the industry median of 5.53, Zai Lab has consistently been below the industry average. 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 Biotechnology company?
The median Net Cash per Share among Biotechnology companies is 5.53, based on 805 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. Zai Lab's current Net Cash per Share of $2.05 is 62.9% 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 Zai Lab and its competitors. For the Biotechnology industry, the median Net Cash per Share is 5.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zai Lab's current Net Cash per Share is $2.05, which is 51% below median its own 10-year median of 4.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zai Lab stock overvalued right now?
Based on GuruFocus' analysis, Zai Lab (ZLAB) is currently considered Possible Value Trap. The stock's GF Value™ is $30.23, compared to a current price of $20.49 — trading 32.2% below its estimated fair value. The current Net Cash per Share is $2.05, which is 51% below median its 10-year median of 4.21 and 62.9% below the Biotechnology industry median of 5.53. Zai Lab's overall GF Score™ is 64/100 with 7 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 Zai Lab (ZLAB), the current Net Cash per Share is $2.05 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 Zai Lab (ZLAB) Overvalued in 2026?
Based on GuruFocus' analysis, Zai Lab stock appears to be undervalued.
The current stock price of $20.49 is trading 32.2% below its estimated GF Value™ of $30.23.
GuruFocus considers Zai Lab to be Possible Value Trap.
Key valuation signals for ZLAB:
Net Cash per Share: $2.05 (51% below median its 10-year median of 4.21)
GF Value™: $30.23 vs. price of $20.49 (32.2% below fair value)
Industry Position: 62.9% below the Biotechnology median (#551 of 805)
No single metric tells the full story. See the ZLAB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zai Lab Ltd is a biopharmaceutical company focusing on discovering or licensing, developing, and commercializing proprietary therapeutics that address areas of unmet medical need including in the fields of oncology, autoimmune and infectious diseases. Zai Lab has a diverse pipeline of potentially first-in-class product candidates developed through in-house R&D and global partnerships. The company has successfully commercialized several products in China, including Zejula, Optune, Qinlock, and Nuzyra, with plans for further expansion The pipeline of proprietary drug candidates of the company includes ZL-1222, ZL-1311, ZL-6201 and many others.
64GF Score
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