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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). Forte Biosciences's Net Cash per Share for the quarter that ended in Dec. 2023 was $0.92.
The historical rank and industry rank for Forte Biosciences's Net Cash per Share or its related term are showing as below:
During the past 4 years, the highest Price-to-Net-Cash Ratio of Forte Biosciences was 8.28. The lowest was 0.55. And the median was 0.84.
The historical data trend for Forte Biosciences'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.
Forte Biosciences Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
Net Cash per Share | 4.40 | 2.73 | 1.81 | 0.92 |
Forte Biosciences Quarterly Data | ||||||||||||||||||
Jun19 | Sep19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Net Cash per Share | Get a 7-Day Free Trial | 1.81 | 1.53 | 1.15 | 1.07 | 0.92 |
For the Biotechnology subindustry, Forte Biosciences'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.
For the Biotechnology industry and Healthcare sector, Forte Biosciences's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Forte Biosciences'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.
Forte Biosciences's Net Cash per Share for the fiscal year that ended in Dec. 2023 is calculated as
Net Cash per Share (A: Dec. 2023 ) | |||||||
= | (Cash, Cash Equivalents, Marketable Securities | - | Total Liabilities | - | Minority Interest) | / | Shares Outstanding (EOP) |
= | (37.125 | - | 3.666 | - | 0) | / | 36.3351 |
= | 0.92 |
Forte Biosciences's Net Cash per Share for the quarter that ended in Dec. 2023 is calculated as
Net Cash per Share (Q: Dec. 2023 ) | = | (Cash, Cash Equivalents, Marketable Securities | - | Total Liabilities | - | Minority Interest) | / | Shares Outstanding (EOP) |
= | (37.125 | - | 3.666 | - | 0) | / | 36.3351 |
= | 0.92 |
* 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.
Forte Biosciences (NAS:FBRX) 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.
Thank you for viewing the detailed overview of Forte Biosciences's Net Cash per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Paul A. Wagner | director, officer: See Remarks | C/O PFENEX INC., 10790 ROSELLE STREET, SAN DIEGO CA 92121 |
David W Gryska | director | 749 N MARY AVE, SUNNYVALE CA 94085 |
Scott C. Brun | director | C/O CABALETTA BIO, INC., 2929 ARCH STREET, SUITE 600, PHILADELPHIA PA 19104 |
Hubert C Chen | officer: See remarks | C/O PFENEX INC., 10790 ROSELLE STREET, SAN DIEGO CA 92121 |
Stephen K Doberstein | director | 129 ELSIE STREET, SAN FRANCISCO CA 94110 |
Barbara K Finck | director | C/O PROTINE DESIGN LAB, 3858 JACKSON ST, SAN FRANCISCO CA 94118 |
Antony A Riley | officer: Chief Financial Officer | C/O KRYSTAL BIOTECH, INC., 2100 WHARTON STREET, SUITE 701, PITTSBURGH PA 94538 |
Thomas E Darcy | director | C/O SCIENCE APPLICATIONS INTL CORP, 10260 CAMPUS POINT DR., SAN DIEGO CA 92121 |
Donald Allen Williams | director | C/O PRYOR CASHMAN LLP, 7 TIMES SQUARE, NEW YORK NY 10036 |
Patricia S Walker | director | 5540 EKWILL ST STE D, SANTA BARBARA CA 93111 |
Lawrence Eichenfield | director | C/O FORTE BIOSCIENCES, INC., 1124 W. CARSON ST., MRL BLDG 3-320, TORRANCE CA 90502 |
Steven Kornfeld | director | C/O FORTE BIOSCIENCES, INC., 1124 W. CARSON ST., MRL BLDG 3-320, TORRANCE CA 90502 |
Steven Michael Oliveira | 10 percent owner | 18 FIELDSTONE COURT, NEW CITY NY 10956 |
Fairooz Kabbinavar | officer: SVP Clinical Development | C/O TOCAGEN INC., 4242 CAMPUS POINT COURT, STE. 500, SAN DIEGO CA 92121 |
Mark G Foletta | officer: EVP & Chief Financial Officer | AMYLIN PHARMACEUTICALS INC, 9360 TOWNE CENTRE DR, SAN DIEGO CA 92121 |
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