P/C

Price / cash

One of the 61 measures in Stock Scorer, under Valuation — What does the price ask for what the company earns, owns and pays out?

How it is worked out

Market capitalisation ÷ (cash + short-term investments)

How many times the cash pile the market is paying. It ignores the business entirely, so it is a floor rather than a valuation.

How to read it

how much of the price is covered by the cash pile. A blunt measure — it ignores the business entirely — but it is the floor the other multiples are built on top of

Which figures it needs

Computed from 2 figures taken from the filing:

• cash
• short_term_investments

The XBRL tags behind it

These are the element names looked for in a filing, in order. The first one a company reports is the one used, and the company page names which it was — so any figure here can be checked against the filing it came from.

• CashAndCashEquivalentsAtCarryingValue
• CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
• CashAndCashEquivalents
• ShortTermInvestments
• AvailableForSaleSecuritiesDebtSecuritiesCurrent
• MarketableSecuritiesCurrent
• OtherShortTermInvestments
• OtherCurrentFinancialAssets

Whether it counts

This measure is not counted by default. It can be added to Valuation on the dashboard, and it then takes its share of that dimension.